ACC (company)
| 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$360 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.[2] | |
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]
History
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
- ^ "Neeraj Akhoury assumes charge as ACC's MD & CEO". Forbes India. Retrieved 7 September 2018.
- ^ "Audited Financial Results (Standalone and Consolidated) for the quarter and year ended 31st March 2025" (PDF). ACC. Retrieved 24 April 2025.
- ^ "ACC Ltd". Business Standard India. Retrieved 7 June 2021.
- ^ Pry Paul (1940). The Bombay Investors Year Book (1940).
- ^ Naidu, Rajesh; Vyas, Jwalit (10 May 2017). "LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech". The Economic Times. Retrieved 7 September 2018.
- ^ "ACC pockets Superbrand status". The Economic Times. 4 October 2004. Archived from the original on 30 June 2017. Retrieved 17 March 2012.
- ^ Barman, Arijit; Shyam, Ashutosh R. (14 April 2022). "Ambuja, ACC on block as Holcim has India rethink". The Economic Times. Retrieved 24 April 2025.
- ^ "Adani to become India's second-biggest cement maker with $10.5 billion Holcim deal". Reuters. 15 May 2022. Retrieved 16 May 2022.