The present study deals with the Study of Liquidity, Productivity viz a viz. Financial Efficiency of Birla Group of Companies, which are  mainly engaged in production of Cement, Textiles, Automobile, Alluminium Products, Engineering, Tea, Agro Products and Paper etc. This study is aimed at exploring the liquidity, productivity viz a viz-financial efficiency of Birla Group of Companies. The Birla Group of Companies played an important and Multi-dimensional role of uplifting and taking our country out of lamentable state of industries we experienced soon after independence. Our overall progress and around prosperity owe a great deal to the multifaced role performed by some of very important Birla Group’s have utilized their resources and to study liquidity, productivity, financial efficiency, and to make the analysis of activity and financial structure and their contribution to the upliftment and betterment of the society. For the purpose of ascertaining liquidity, productivity viz a viz financial efficiency of Birla Group of Companies, sixteen (16) leading companies of Birla Group’s having a large plant have been selected. The period covered under the study extends over six years from 1997-98 to 2002-03. Adopting various techniques such as ratio analysis trend analysis has made analysis of selected units. In order to the judge the efficiency and performance of the Birla Group of Companies which the help of published accounting annual reports, some publications and autobiography related with Birla family was also studied. Most useful information has been gathered from the various journals reports, periodicals and daily newspapers. It is hoped that the thesis will be of immense help and use to practicing financial Manger, Management, Government officials, employees, Shareholders, Academicians and research scholars