The story
In 1936, eleven cement companies belonging to Tata, Khatau, Killick Nixon and Seth Edulji Dinshaw groups merged to form a single entity, The Associated Cement Companies. Nowroji Saklatvala was the first chairman of ACC. The first board of directors had some prominent industrialists—JRD Tata, Ambalal Sarabhai, Walchand Hirachand, Dharamsey Khatau, Akbar Hydari, Mir Yousuf Ali Khan, Salar Jung III and Homi Mody.
The companies that were merged were:
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
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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 the company was taken over by Swiss cement manufacturer Holcim Group in 2004. ACC operated as a subsidiary of Lafarge Holcim. On 1 September 2006, the name of the Associated Cement Companies Limited was changed to ACC Limited.
On 14 April 2022, Holcim announced that it would exit from the Indian market after 17 years of operations as part of a strategy to focus on core markets and listed its stakes in ACC and Ambuja Cements for sale.
On 15 May 2022, Adani Group acquired Holcim's stake in ACC and Ambuja Cements for US$10.5 billion.
From Wikipedia’s article on ACC (company), shared under CC BY-SA 4.0.5