has an interesting story - one that inspired a book. ACC was formed in 1936when ten existing cement companies came together under one umbrella in a historic merger -the country's first notable merger at a time when the term mergers and acquisitions was noteven coined. The history of ACC spans a wide canvas beginning with the lonely struggle of itspioneer F E Dinshaw and other Indian entrepreneurs like him who founded the Indian cementindustry. Their efforts to face competition for survival in a small but aggressive market mingledwith the stirring of a country's nationalist pride that touched all walks of life - including trade,commerce and business.The first success came in a move towards cooperation in the country's young cement industryand culminated in the historic merger of ten companies to form a cement giant. Thesecompanies belonged to four prominent business groups - Tatas, Khataus, Killick Nixon and F EDinshaw groups. ACC was formally established on August 1, 1936. Sadly, F E Dinshaw, theman recognized as the founder of ACC, died in January 1936; just months before his dreamcould be realized.
F. E. Dinshaw – the founder of ACC
ACC stands out as the most unique and successful merger in Indian business history, in whichthe distinct identities of the constituent companies were melded into a new cohesiveorganization - one that has survived and retained its position of leadership in industry. In asense, the formation of ACC represents a quest for the synergy of good business practices,values and shared objectives. The use of the plural in ACC's original name, The AssociatedCement Companies Limited, itself indicated the company's origins from a merger. Many yearslater, some stockbrokers in the country's leading stock exchanges continued to refer to thiscompany simply as 'The Merger'.