ACC (company)
Indian cement manufacturing company From Wikipedia, the free encyclopedia
ACC Limited (formerly The Associated Cement Companies Limited) is an Indian cement producer, headquartered in Mumbai. It is a subsidiary of Ambuja Cements and a part of the Adani Group. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company was established in Mumbai, Maharashtra on 1 August 1936.[3]
| |
| ACC | |
| Formerly | The Associated Cement Companies Limited (1936–2006) |
| Company type | Public |
| BSE: 500410 NSE: ACC | |
| Industry | Building materials |
| Founded | 1 August 1936 |
| Headquarters | Mumbai, Maharashtra, India |
Key people | |
| Products | Cement |
| Revenue | ₹22,834 crore (US$2.7 billion) (2025) |
| ₹3,024 crore (US$350 million) (2025) | |
| ₹2,402 crore (US$280 million) (2025) | |
| Total assets | ₹25,412 crore (US$3.0 billion) (2025) |
| Total equity | ₹18,558 crore (US$2.2 billion) (2025) |
| Owner | Adani Group (56.69%) |
Number of employees | 3,884 (2024) |
| Parent | Adani Group |
| Website | www |
| Footnotes / references Financials as of 31 March 2025[update].[2] | |
History
Summarize
Perspective
In 1936, eleven cement companies belonging to Tata, Khatau, Killick Nixon and FE Dinshaw groups merged to form a single entity, The Associated Cement Companies. Sir Nowroji B Saklatvala was the first chairman of ACC. The first board of directors had some prominent industrialists—J R D Tata, Ambalal Sarabhai, Walchand Hirachand, Dharamsey Khatau, Sir Akbar Hydari, Nawab Salar Jung Bahadur and Sir Homy Mody.
The list of companies that were merged:[4]
- The Indian Cement Co. Ltd.
- The Katni Cement and Industrial Co. Ltd.
- Budhi Portland Cement Ltd.
- The Okha Cement Co. Ltd.
- The Gwalior Cement Company Ltd.
- The Punjab Portland Cement
- The United Cement Co. Ltd.
- The Shahabad Cement Co. Ltd.
- The Coimbatore Cement
- The Dewarkhand Cement Co. Ltd.
- The C. P. Cement Co. Ltd.
The management control of the company was taken over by Swiss cement manufacturer Holcim Group in 2004. ACC operated as a subsidiary of Lafarge Holcim.[5] On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited.[6]
On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets and listed its stakes in ACC and Ambuja Cements for sale.[7]
On 15 May 2022, Adani Group acquired Holcim's stake in ACC and Ambuja Cements for US$10.5 billion.[8]
See also
References
External links
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