ACC Limited (formerly The Associated Cement Companies Limited) is an Indian cement producer, headquartered in

Mumbai Mumbai ( ; ), also known as Bombay ( ; its official name until 1995), is the capital city of the Indian state of Maharashtra. Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12 ...

. It is a subsidiary of

Ambuja Cements Ambuja Cements Limited, formerly known as Gujarat Ambuja Cement Limited (GACL), is an Indian cement producing company, which markets cement and clinker for both domestic and export markets. History The company had entered into a strategic part ...

and a part of the

Adani Group Adani Group (, ) is an Indian Multinational corporation, multinational Conglomerate (company), conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include port, sea ...

. 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.

History

In 1936, eleven cement companies belonging to Tata,

Khatau Khatau Group is one of the oldest Indian business conglomerates. It was founded in 1874 by Seth Khatau Makanji (also known as Makanji Khatau). The group was one of the leading Indian industrial houses by the mid twentieth century, with ventures ...

, 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 Ambalal Sarabhai (23 February 1890 – 13 July 1967) was an Indian industrialist, philanthropist, institution builder, and a supporter of Mahatma Gandhi. He was born in a Śvetāmbara Jain and Shrimal Jain, Shrimali family. He served as the cha ...

Walchand Hirachand Walchand Hirachand Doshi (23 November 1882 – 8 April 1953) was an Indian industrialist and the founder of the Walchand group. He established India's first modern shipyard, first aircraft factory and first car factory; he also established con ...

, Dharamsey Khatau,

Sir Akbar Hydari :''To be distinguished from his son who was the Governor of Assam, Muhammad Saleh Akbar Hydari.'' Sir Muhammad Akbar Nazar Ali Hydari, ''Sadr ul-Maham'', PC (1869–1941) was an Indian politician. He served as the Prime Minister of Hyderabad S ...

, Nawab Salar Jung Bahadur and Sir Homy Mody. The list of companies that were merged: * 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. Gagal Cement Works - ACC Limited - Barmana - Bilaspur 2014-05-09 2137

Gagal Cement Works - ACC Limited - Barmana - Bilaspur 2014-05-09 2137

The management control of the company was taken over by Swiss cement manufacturer

Holcim Group The Holcim Group, legally known as Holcim Limited, (formerly known as LafargeHolcim) is a Swiss multinational corporation, multinational company that manufactures building materials. It has a presence in around 60 countries, and employs around 6 ...

in 2004. ACC operated as a subsidiary of Lafarge Holcim. On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. 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

for sale. On 15 May 2022,

acquired Holcim's stake in ACC and

for US$10.5 billion.

References

External links

* {{Authority control Cement companies of India Manufacturing companies based in Mumbai Manufacturing companies established in 1936 Indian companies established in 1936 Holcim Group Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange Adani Group

History

See also

References

External links