ACC (company): Difference between revisions

{{Short description|Indian cement manufacturing company}}

| name = ACC Limited

| logo = ACC Limited logo.svg

| logo_size = 125px

| logo_alt = Each letter of "ACC" is colored in red.

| image =

| image_caption = ACC headquarters in Mumbai

| type = [[Public Company|Public]]

| traded_as = {{BSE|500410}}<br/>{{NSE|ACC}}

| founded = {{Start date and age|df=yes|1936|08|01}}

| hq_location = [[Mumbai]], [[Maharashtra]], India

| key_people = {{unbulleted list|[[Narotam Sekhsaria|N. S. Sekhsaria]] ([[Chairman]])|Ajay Kapur ([[Managing Director|MD]] & [[Chief Executive Officer|CEO]])<ref>{{cite web |title=Neeraj Akhoury assumes charge as ACC's MD & CEO |url=http://www.forbesindia.com/article/special/neeraj-akhoury-assumes-charge-as-accs-md-ceo/45793/1 |website=[[Forbes India]] |access-date=7 September 2018}}</ref>}}

| industry = [[Building material]]s

| products = [[Cement]]

| revenue = {{increase}} {{INRConvert|22552|c}} (2023)<ref name="Financials">{{cite web|url=https://www.moneycontrol.com/india/stockpricequote/cementmajor/acc/ACC06|title=ACC Ltd. Financial Statements |website=moneycontrol.com}}</ref>

| operating_income = {{Decrease}} {{INRConvert|1083|c}} (2023)<ref name="Financials"/>

| net_income = {{Decrease}} {{INRConvert|885|c}} (2023)<ref name="Financials"/>

| assets = {{Decrease}} {{INRConvert|20543|c}} (2023)<ref name="Financials"/>

| equity = {{Decrease}} {{INRConvert|14138|c}} (2023)<ref name="Financials"/>

| num_employees = 8,200 (2022)<ref name="Financials"/>

| website = {{Official URL}}

'''ACC Limited''' (Formerly '''The Associated Cement Companies Limited''') 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.<ref>{{Cite news|title=ACC Ltd.|work=[[Business Standard India]]|url=https://www.business-standard.com/company/acc-6/information/company-history|access-date=2021-06-07}}</ref>

In 1936, eleven cement companies belonging to [[Tata Group|Tata]], [[Khatau]], Killick Nixon and [[FE Dinshaw]] groups merged to form a single entity, The Associated Cement Companies. [[Nowroji Saklatwala|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]], [[Khatau|Dharamsey Khatau]], [[Akbar Hydari|Sir Akbar Hydari]], [[Mir Yousuf Ali Khan, Salar Jung III|Nawab Salar Jung Bahadur]] and [[Homi Mody|Sir Homy Mody]].

The list of companies that were merged:<ref>{{Cite book|url=https://archive.org/details/in.ernet.dli.2015.1164|title=The Bombay Investors Year Book (1940)|last=Pry Paul|date=1940}}</ref>  

* 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 company was taken over by Swiss cement manufacturer [[Holcim Group]] in 2004. ACC operated as subsidiary of Lafarge Holcim.<ref name="Naidu">{{Cite news |last=Naidu |first=Rajesh |last2=Vyas |first2=Jwalit |date=2017-05-10 |title=LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech |work=The Economic Times |url=https://economictimes.indiatimes.com/industry/indl-goods/svs/cement/lafargeholcim-lays-ground-for-merger-of-acc-ambuja-gets-closer-to-rival-ultratech/articleshow/58541813.cms |access-date=2018-09-07}}</ref> On 1 September 2006, the name of The Associated Cement Companies Limited was changed to ACC Limited. The company is the only cement company to get Superbrand status in India.<ref name="accsuperbrand">{{cite news|url=http://economictimes.indiatimes.com/acc-pockets-superbrand-status/articleshow/872860.cms|title=ACC pockets Superbrand status|date=4 October 2004|work=[[The Economic Times]]|access-date=17 March 2012 |archive-url=https://web.archive.org/web/20170630173728/http://economictimes.indiatimes.com/acc-pockets-superbrand-status/articleshow/872860.CMS |archive-date=30 June 2017}}</ref>