About UsBorn in 1941, in a 40'x40' room at Mora, a fishing village across Bombay harbour, Grindwell pioneered the manufacture of Grinding Wheels in India. Promoted by two Parsi entrepreneurs, the Company has grown steadily and, over the years, has established itself as a strong leader in Abrasives, Silicon Carbide, High Performance Refractories and Plastics. The 2009-2010 (15 months) financial year saw Grindwell Norton achieve gross sales of Rs. 745 crores, an operating profit of Rs. 122 crores and a net profit of Rs. 88 crores.
In 1983, GNO, which was by then a JV between Norton Company and the Indian Promoters, was listed on the Bombay Stock Exchange. In 1996, GNO became a majority-owned subsidiary of Compagnie de Saint-Gobain (which had acquired Norton a few years earlier). With its headquarters in Paris, Saint-Gobain is a large, transnational Group (Sales of €40.1 billion in 2010) with a presence in 64 countries. |
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