Who Owns ACC Company?

ACC Bundle

Get Full Bundle:

	BCG	$15	$10
	5 FORCES	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10
	SWOT	$15	$10

TOTAL:

ADD TO CART

Who Owns ACC Limited?

ACC Limited's ownership landscape shifted dramatically in May 2022. The Adani Group acquired Holcim Ltd's stake, marking a significant entry into the cement sector.

This strategic acquisition positioned the Adani Group as India's second-largest cement producer. ACC, founded in 1936, has a long history of contributing to India's infrastructure.

Who owns ACC Limited?

The Adani Group is the current majority owner of ACC Limited following its acquisition of Holcim's stake in May 2022 for approximately US$10.5 billion. This move made the Adani Group the second-largest cement manufacturer in India. ACC, originally established in 1936, has a substantial operational footprint with 17 cement manufacturing units and over 100 ready-mix concrete plants. Its installed capacity reached 100.3 MTPA as of April 2025. Understanding the ownership is key to analyzing the company's strategic direction and its role in the ACC BCG Matrix.

ACC Limited's origins trace back to August 1, 1936, a significant consolidation of eleven cement companies. This foundational merger brought together prominent industrial families and groups, including Tata, Khatau, Killick Nixon, and F.E. Dinshaw, marking a pivotal moment in India's cement industry. Sir Nowroji B. Saklatvala assumed the role of the company's inaugural chairman.

Founding Industrial Groups

ACC was formed by merging eleven cement companies from major industrial houses. Key founding groups included Tata, Khatau, Killick Nixon, and F.E. Dinshaw.

Inaugural Leadership

Sir Nowroji B. Saklatvala was the first chairman of ACC. The initial board featured prominent industrialists like J.R.D. Tata and Ambalal Sarabhai.

Early Tata Group Association

The Tata Group maintained a close association with ACC until 1999. They sold their 7.2% stake to Ambuja Cement Holdings Ltd that year.

Expansion and Joint Ventures

ACC established India's first indigenous cement plant in Chaibasa in 1944. In 1982, it formed a joint venture with the Government of India for Bulk Cement Corporation of India.

Ownership Changes

The Tata Group's remaining stake was transferred to Gujarat Ambuja Cements Ltd in 2000. This marked a significant shift in ACC's ownership structure over time.

Early Infrastructure Development

The company's early operations included establishing a bulk cement depot in Okhla, Delhi, in 1956. These developments supported the growing demand for cement.

The initial ownership structure of ACC was a complex interplay of capital from various industrial conglomerates, with specific equity allocations not widely documented. However, the Tata Group's significant involvement, holding a 7.2% stake before its sale in 1999, highlights their early influence. The subsequent acquisition of this stake, and the remaining Tata holdings in 2000 by Gujarat Ambuja Cements Ltd, represented a major ownership transition. Understanding these early dynamics is crucial to grasping the ACC company history and its evolving financial ownership structure. The company's growth was also supported by early institutional investors and its strategic joint venture with the Government of India, contributing to its expansion and operational milestones, which are further detailed in the Revenue Streams & Business Model of ACC.

Key Founding Figures and Early Stakeholders

The formation of ACC involved a consortium of established industrial families and their businesses. Early stakeholders played a vital role in its establishment and initial growth phases.

• Founding members included prominent industrialists from groups like Tata, Khatau, Killick Nixon, and F.E. Dinshaw.
• Sir Nowroji B. Saklatvala served as the first chairman, guiding the company's initial direction.
• The initial board of directors comprised influential figures such as J.R.D. Tata and Walchand Hirachand.
• The Tata Group's early stake was a significant component of the initial ownership structure.

ACC SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The ownership of ACC company has seen significant shifts, most notably the acquisition by the Adani Family in 2022, which marked a substantial change in its corporate lineage. This event followed Holcim Group's divestment from the Indian market, fundamentally altering the ACC corporation owner landscape.

The evolution of ACC company ownership is a narrative of strategic acquisitions and divestments, reflecting broader trends in the Indian infrastructure and materials sector. Initially managed by Holcim Group from 2004, where it held a substantial stake through subsidiaries, the company's trajectory changed dramatically with Holcim's decision to exit India. This led to the landmark acquisition by the Adani Family in September 2022, with the Adani Group now holding a controlling interest. This transition has positioned ACC within a larger integrated infrastructure ecosystem, influencing its ACC company management and future strategic direction.

Key Stakeholders in ACC Company

The current ownership structure of ACC company is predominantly controlled by the Adani Group, with other significant institutional and public investors holding stakes.

• The Adani Family, through Ambuja Cements, is the primary ACC corporation owner with a 56.69% stake.
• Institutional investors, including Mutual Funds and Foreign Institutional Investors, collectively hold a substantial portion, though their holdings saw a slight decrease in the June 2025 quarter.
• The general public accounts for 16.4% of the ACC company's shares.
• Key institutional shareholders include Life Insurance Corporation of India, HDFC Asset Management Co. Ltd., and SBI Funds Management Ltd.
• Understanding these ACC company stakeholders is crucial for analyzing its financial ownership structure and potential investment opportunities.

ACC PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

The Board of Directors at ACC Limited is instrumental in shaping the company's strategic direction and upholding robust governance standards. As of 2025, Karan Adani holds the position of Non-Executive Chairman, with Ajay Kapur serving as the MD & CEO. The board also includes key non-executive and independent directors such as Nitin Shukla, Rajeev Kumar Agarwal, Sandeep Singhi, Arun Kumar Anand, and Ameera Shah.

ACC Limited operates under a standard one-share-one-vote system, typical for companies listed on Indian stock exchanges. However, the Adani Group, through its substantial promoter holding of 56.69% as of June 2025 via Ambuja Cements, exerts significant influence over the company's strategic decisions and overall direction. This majority ownership grants the Adani Group considerable control, impacting crucial resolutions and appointments. The company's commitment to corporate governance is underscored by its 'Good' rating in the 2023 Indian Corporate Governance Scorecard by Institutional Investor Advisory Services India Limited (IIAS), reflecting an integration of ESG principles. Recent financial reports show the Board approved audited results for the quarter and year ending March 31, 2025, and recommended a dividend of Rs. 7.50 per equity share for FY 2024-25.

Board Oversight and Governance

The Board of Directors is responsible for overseeing ACC's performance, risk management, and sustainability efforts. They actively monitor ESG risks and opportunities through regular Management Committee meetings.

• Strategic direction guidance
• Performance oversight
• Risk management
• Sustainability initiatives
• ESG risk and opportunity monitoring

ACC Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

Recent developments have significantly reshaped the ownership landscape of ACC Limited, with the Adani Group emerging as the dominant force. This strategic shift, particularly following a substantial acquisition in May 2022, has positioned the group as a major player in India's cement industry.

The Adani Group's acquisition of Holcim's stake in ACC and Ambuja Cements for approximately US$10.5 billion in May 2022 marked a pivotal moment, establishing the group as India's second-largest cement manufacturer with a 56.69% stake in ACC. This period has also seen strategic acquisitions by ACC itself, including the full acquisition of Asian Concretes and Cements Private Limited in January 2024, adding 1.3 MTPA capacity. Further bolstering its market position, ACC completed the acquisition of Orient Cement in April 2025, integrating an additional 8.5 MTPA capacity, bringing its total capacity to 100.3 MTPA.

Adani Group's Dominant Stake

The Adani Group now holds a significant 56.69% ownership in ACC following a major acquisition. This move has fundamentally altered the company's ACC company ownership structure.

Shifting Institutional Holdings

Recent trends show a decrease in holdings by Foreign Institutional Investors and Mutual Funds. Conversely, Insurance Companies and the Indian Public have increased their stakes in ACC.

Strategic Capacity Expansion

ACC has actively expanded its operational capacity through strategic acquisitions. The company aims to double its capacity to 140 MTPA by FY 2027-28.

Financial Performance and Industry Consolidation

For the fiscal year ending March 31, 2025, ACC reported a total income of Rs 22,834.74 crore, an 11.65% increase year-on-year. This growth occurs amidst significant industry consolidation, with top players now holding 62% of the market share.

ACC Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔