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Published by Bibin B Daniel

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Published by: Bibin B Daniel on Jul 25, 2011
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ABOUT US ACC Limited is India s foremost manufacturer of cement and ready mix concrete with a countrywide network of factories

and marketing offices.Established in 1936, ACC has been a pioneer and trendsetter in cement and concrete technology. ACC s brand name is synonymous with cement and enjoys a high level of equity in the Indian market. It is the only cement company that figures in the list of Consumer SuperBrands of India. Among the first companies in India to include commitment to environment protection as a corporate objective, ACC has won several prizes and accolades for environment friendly measures taken at its plants and mines. The company has also been felicitated for its acts of good corporate citizenship

Heritage - A Corporate Saga Ours has been an interesting story - one that inspired a book. ACC was formed in 1936 when 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 not even coined. The history of ACC spans a wide canvas beginning with the lonely struggle of its pioneer F E Dinshaw and other Indian entrepreneurs like him who founded the Indian cement industry. Their efforts to face competition for survival in a small but aggressive market mingled with 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 industry and culminated in the historic merger of ten companies to form a cement giant. These companies belonged to four prominent business groups - Tatas, Khataus, Killick Nixon and F E Dinshaw groups. ACC was formally established on August 1, 1936. Sadly, F E Dinshaw, the man recognized as the founder of ACC, died in January 1936; just months before his dream could be realized.

F. E. Dinshaw ± the founder of ACC ACC stands out as the most unique and successful merger in Indian business history, in which the distinct identities of the constituent companies were melded into a new cohesive organization - one that has survived and retained its position of leadership in industry. In a sense, 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 Associated

Considering the formidable global presence of Holcim and its excellent reputation. a graceful edifice that still stands out in its neighbourhood. to acquire a majority shareholding in ACC. ACC¶s Head Office . the Tata group sold all 14. Mumbai. Queen¶s Road. . The head office then shifted to its own premises in Cement House shown here. A new association was forged between ACC and the Holcim group of Switzerland in 2005. who then became the largest single shareholder in ACC. Work on its construction began in 1939 and was completed during the War period. ACIL filed declarations indicating their shareholding and declaring itself as a Promoter of ACC.Cement House. the Board of ACC welcomed this new association. itself indicated the company's origins from a merger.8 per cent of the total equity shares in ACC. . right from its formation in 1936 upto 2000. some stockbrokers in the country's leading stock exchanges continued to refer to this company simply as 'The Merger'. The address of this stately building was then Number 1. Holcim is the world leader in cement as well as being large suppliers of concrete. In January 2005. The building was occupied by the Royal Air Force and vacated only in 1946. Limited along with Ambuja Cements India Ltd. Between the years 1999 and 2000.45 per cent of its shareholding in ACC in three stages to subsidiary companies of Gujarat Ambuja Cements Ltd (later called Ambuja Cement Ltd). Holcim is also a respected name in information technology and research and development. Churchgate. The group has its headquarters in Switzerland with worldwide operations spread across more than 70 countries. The house of Tata was intimately associated with the heritage and history of ACC.69 per cent of the Equity share capital of ACC. An all-India competition in 1938 had invited leading architects of the time to send in their designs of which this elegant design made by Ballardie Thompson & Mathews was chosen as the winning entry. (ACIL). Holcim announced its plans to enter into a long-term strategic alliance with the Ambuja Group by acquiring a majority stake in Ambuja Cements India Ltd. Holcim simultaneously announced its bid to make an open offer to ACC shareholders.Cement Companies Limited. ACC¶s registered office was first located at Esplanade House in South Mumbai. 121 Maharshi Karve Road. (ACIL). Many years later. An open offer was made by Holdcem Cement Pvt. aggregates and certain construction-related services. through Holdcem Cement Pvt Limited and ACIL. following which the shareholding of ACIL increased to 34. which at the time held 13. Consequently.

waste management systems and water saving devices set amid greenery and a central atrium that further expands the sense of light and space.In 2009. access control and intelligent lighting with motion and light sensors. . a unique project. Its attractive refurbished façade now houses an ultramodern office equipped with space-saving modular workstations. has transformed Cement House into an energy efficient environment-friendly building.

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