>Billjones94 at 05:01, 6 August 2021

2021-08-06T05:01:57Z

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{{Use Indian English|date=January 2018}}
{{Use dmy dates|date=January 2018}}
{{ Infobox company
| name = Delhi Cloth & General Mills
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| industry = Basic materials and technology
| genre = Conglomerate (multi-industry)
| fate = Diversified
| predecessors = Delhi Cloth & General Mills
| successor = DCM Textile, Hisar & DCM Shriram
| founded = 1889 at [[Delhi]] in [[India]]. 
| founder = [[Rai Bahadur]] Ram Kishen Das Gurwale
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| hq_location_country = [[India]]
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| area_served = India-based multinational 
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| products = automotive, bioseeds, cement, chemicals,<br>farms, fertilizers, pvc, sugar, textiles,<br>windows and door, yarns, etc.
| brands = DCM clothing, DCM Shriram, Fenesta
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| website = {{URL|http://www.dcmtextiles.co.in}}
| footnotes = Listed on [[Bombay Stock Exchange|BSE]] and [[New York Stock Exchange|NSE]]
}}

'''DCM Textiles''', formerly known as '''Delhi Cloth & General Mills''' (founded in 1889 by Rai Bahadur Ram Kishen Das Gurwale),<ref name=BizToday>{{cite news |last1=Mitra |first1=Kushan |title=DCM has survived splits and a hostile takeover bid |url=http://www.businesstoday.in/exclusive/century-old-companies/dcm-among-100-year-old-indian-companies/story/16501.html |access-date=12 October 2015 |publisher=Business Today |date=28 June 2011}}</ref> is a large Indian conglomerate which was initially a textile business which opened its first mill in Delhi. Starting from late 1980s and early 1990s, as a result of legal and financial challenges the company was split into several industry segments under the DCM and DCM Shriram Group branding, (not to be confused with [[Shriram Group]]), and diversified in to automotive, bioseeds, cement, chemicals, farms, fertilizers, pvc, sugar, textiles, windows and door, yarns, etc. Some of its entities are DCM Textiles Co at Hisar, DCM Sri Ram Mills, Fenesta, etc.<ref name=dsri1>[http://www.dcmshriram.com/ DCM Shriram Mills].</ref>

==History==
=== The founder ===
"[[Rai Bahadur]] '''Ram Kishen Das Gurwale'''" an Agrawal businessman from Delhi, founded the company in 1889<ref name=BizToday/> and its first factory, located in Delhi, took two years to build.<ref name=IndiaTimes/> The company prospered through 1907 and in 1909 [[Sir Shri Ram]] joined the company as an assistant to his father during a period of decline.<ref name=IndiaTimes/> Under Ram's guidance the company regained a prosperous pace.<ref name=IndiaTimes/> The company went through a significant financial crisis in 1917 but recovered after it received a large contract from the British Army at the time of the First World War.<ref name="Great Lives"/> The mill was engaged primarily in the cotton and sugar trades and became one of the top mills in northern India.<ref name="Great Lives">{{cite book|last1=Kothari|first1=Ajay Kumar|title=Great Lives|date=10 January 1993|pages=Chapter: Sir Shri Ram|isbn=9788122305302|url=https://books.google.com/books?id=mryFNM7U8fwC&q=delhi+cloth+and+general+mills&pg=PT14}}</ref> The company opened a second cloth mill and two sugar mills in 1925.<ref name=IndiaTimes/> It launched DCM Chemical Works in 1941 and Daurala Distillery in 1942.<ref name=IndiaTimes/> In 1946 it began manufacturing [[vanaspati]].<ref name=IndiaTimes/>

=== Expansion in 1960s ===
Over time the company expanded and had many subsidiaries including Usha International, Bengal Potteries, Jay Engineering Works and Shri Ram Fertilizers.<ref name="Great Lives"/> In 1964 the Chairman of the Board of Directors, [[Bharat Ram]], addressed the 76th annual meeting of shareholders.<ref name=EcoWeekly>{{cite news|last1=Ram|first1=Bharat|title=Delhi Cloth & General Mills Co., Ltd. Speech of the Chairman, Dr Bharat Ram|publisher=Economic Weekly|date=28 November 1964}}</ref>

=== Fending off hostile takeover in 1980s ===
In the 1980s the company name was changed to DCM Ltd and it successfully defended a hostile takeover by a UK-based investor.<ref name=BizToday/> As the eventual result of the failed takeover, DCM was split into four distinct companies in 1990.<ref name=BizToday/> The four companies were: DCM, DCM Shriram Industries, Shriram Industrial Enterprises and DCM Shriram Consolidated.<ref name=BizToday/> In 1999 there was further splintering of the company into two additional parts.<ref name=BizToday/>

=== Diversification in 1990s ===
In 1995, DCM's 1983 partnership with [[Toyota Motors]] came to an end. DCM then entered a partnership with the Korean automotive company, [[Daewoo Motors]], which ended in 2001 after Daewoo Motors went bankrupt.<ref name=BizToday/> During the latter 1990s Delhi Cloth & General Mills had a series of financial defaults and lawsuits.<ref name=BizToday/> The company's 116 year old manufacturing facility was torn down to make new commercial and residential buildings.<ref name=IndiaTimes>{{cite news|last1=Pande|first1=Bhanu|title=Mills & Boom|url=http://articles.economictimes.indiatimes.com/2005-09-10/news/27478937_1_dcm-7-lakh-mawana|accessdate=23 October 2015|publisher=India Times|date=10 September 2005}}</ref> The razing was the result of a 1989 Supreme Court decision which drove factories out of the city of Delhi and the mill was moved to Hisar.<ref name=IndiaTimes/>

== Group companies ==


=== DCM Textile, Hisar ===
DCM Textile, Hisar, founded in 1991 the original 1889 [[textile mill]] at Delhi was shut down on the orders of Supreme Court in 1989 and listed on [[Bombay Stock Exchange|BSE]] and [[New York Stock Exchange|NSE]], is located in the cotton growing belt near [[Hisar Airport]] and [[Guru Jambheshwar University of Science and Technology|GJU Hisar]] on Delhi bypass in [[Hisar (city)|Hisar]] city of [[Haryana]] state.<ref name=IndiaTimes/> Spread across {{convert|380|acre}} with residential campus and officers club, it was set up initially with 33000 spindles, it achieved several milestones, such as ISO 9001 certification (1995), expansion to 45000 total spindles (1998), expansion to 76200 total spindles (2005), expansion to 115000 total spindles (2014), launching of 100% premium cotton yarn brand ''Primero'' (2015), launching of 100% superior cotton yarn brand ''Dinero'' (2016) and BCI cotton yarn (2016). It is operating as one of the leading manufacturer and exporter of 100% cotton carded and combed yarns, with a monthly capacity of 1,15,000 spindle producing 2500 MT of cotton yarn with an annual turnover of {{INRConvert|5.14|b}}. In addition to its Hisar mill, it has 17 sales offices across India, with exports to at least 11 nations (c. 2017). Its Executive chairman and president are "Dr. '''Vinay Bharat Ram'''" (alumnus of Delhi University (PhD), Michigan (Ann Arbor) university and Harvard university) and "'''Hemant Bharat Ram'''" (alumnus of Carnegie Mellon University with bachelor's degree in Mathematics and Computer Science, and master's degree in Industrial Administration), who both are descendants of the founder's family through Lala Shri Ram and Dr. Bharat Ram's lineage.<ref name=et1>[http://economictimes.indiatimes.com/dcm-ltd/directorsreport/companyid-13868.cms "DCM Limited Annual Report"], [[The Economic Times]], 31 March 2016.</ref><ref name=vin1>[http://www.businesstoday.in/exclusive/century-old-companies/dcm-among-100-year-old-indian-companies/story/16501.html "DCM has survived splits and a hostile takeover bid"], [http://www.businesstoday.in Business Today India], 28 June 2011.</ref><ref name=dcm1>[http://www.dcmtextiles.co.in DCM Textiles info]</ref>

==External links==
* [https://www.youtube.com/watch?v=T4MTalYVr2E DCM Textile Hisar] video, 5.35m
* [https://www.wfm.co.in/directory/fenesta/ Fenesta - A DCM Shriram Group Company]

== References ==
* [http://india.lawi.asia/the-delhi-cloth-and-general-mills-ltd-v-kushal-bhan/ India|Asia Encyclopedia of Law - 1959 Supreme Court Case]
* [http://indiankanoon.org/doc/923724/ October 1962 lawsuit]
* [http://indiankanoon.org/doc/92021/ September 1968 lawsuit]
* [http://indiankanoon.org/doc/92021/ March 1986 lawsuit]
* [https://books.google.com/books?id=nlTX0No5lSgC&pg=PR59&lpg=PR59&dq=delhi+cloth+%26+General+mills&source=bl&ots=tDr6bYXdmk&sig=mKM_HKNaZGrRKB9c92KbvFpYaIM&hl=en&sa=X&ved=0CDwQ6AEwBWoVChMIqb3VvpjZyAIVBO4mCh1eggry#v=onepage&q=delhi%20cloth%20%26%20General%20mills&f=false List of 14 lawsuits that took place between 1961 and 1985]
* [https://web.archive.org/web/20081010164256/http://www.dcmengg.com/history.aspx DCM Engineering history]
* [http://www.dcmds.com/dcm-history.html DCM Data Systems history]
* [http://www.dcmindia.com DCM india website]
* [http://ifcext.ifc.org/ifcext/spiwebsite1.nsf/651aeb16abd09c1f8525797d006976ba/da694e12e9ec33fd852576ba000e2831?opendocument DCM Shriram Ltd history]
{{reflist|20em}}

{{Authority control}}

{{DEFAULTSORT:Delhi Cloth and General Mills}}
[[Category:Textile companies of India]]
[[Category:Conglomerate companies of India]]
[[Category:Companies based in New Delhi]]
[[Category:Manufacturing companies based in Delhi]]
[[Category:Manufacturing companies established in 1889]]
[[Category:1889 establishments in British India]]
[[Category:Companies listed on the Bombay Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Economy of Hisar district]]
[[Category:Indian companies established in 1889]]

Delhi Cloth & General Mills - Revision history

>Billjones94 at 05:01, 6 August 2021