ACC (company)

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ACC Limited
Public company
Traded asBSE500410
NSEACC
IndustryCement
FoundedAugust 1, 1936; 82 years ago (1936-08-01)[1]
HeadquartersMumbai,[2] India
Number of locations
20
Key people
Revenue113.927 billion (US$1.6 billion)[4]
10.9576 billion (US$150 million)[4]
Total assets120.9359 billion (US$1.7 billion)[4]
Total equity78.2484 billion (US$1.1 billion)[4]
Number of employees
10,000
ParentAmbuja Cements
WebsiteOfficial Site

ACC Limited (Formerly The Associated Cement Companies Limited) is one of the largest producers of cement in India. It's registered office is called Cement House. It is located on Maharishi Karve Road, Mumbai.[5] The stock price of company contributes in calculating BSE Sensex.

The management control of company was taken over by Swiss cement major Holcim in 2004. ACC operated as subsidiary of Ambuja Cements of Holcim.[6] On 1 September 2006 the name of The Associated Cement Companies Limited was changed to ACC Limited. The company is only cement company to get Superbrand status in India.[7]

History[edit]

In 1936 ten cement companies belonging to Tatas, Khataus, Killick Nixon and F E 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 Gagal Cement Works of ACC Limited at Barmana, Himachal Pradesh.

Neeraj Akhoury is the current MD & CEO of ACC [8]

References[edit]

  1. ^ "ACC Limited". ACC Limited. Archived from the original on 25 July 2010. Retrieved 2010-08-12.
  2. ^ "ACC Limited (Mumbai, India)".
  3. ^ "Neeraj Akhoury assumes charge as ACC's MD & CEO". Forbes India. Retrieved 7 September 2018.
  4. ^ a b c d "Annual Report 2013" (PDF). ACC Limited. Retrieved 28 October 2014.
  5. ^ "ACC Limited". ACC Limited. 1 August 1936. Archived from the original on 25 July 2010. Retrieved 2010-08-12.
  6. ^ Naidu, Rajesh; Vyas, Jwalit (2017-05-10). "LafargeHolcim lays ground for merger of ACC and Ambuja, gets closer to rival UltraTech". The Economic Times. Retrieved 2018-09-07.
  7. ^ "ACC pockets Superbrand status". The Economic Times. 4 October 2004. Retrieved 17 March 2012.
  8. ^ http://www.forbesindia.com/article/special/neeraj-akhoury-assumes-charge-as-accs-md-ceo/45793/1