ACADEMIC TASK NO: 3

MITTAL SCHOOL OF BUSINESS

COURSE TITLE: BASIC FINANCIAL MANAGEMENT
COURSE CODE: FIN302
NAME: NAMLOCK DANIEL POROKWA
REG.NO: 12100135
SECTION: Q2002

COMPANY PROFILE:
Introduction:
ACC Limited (Formerly Associated Cement Companies Limited) is one of the largest cement
manufacturers in India. Its registered office is called Cement House. Located on Maharishi
Karve Road, Mumbai. The stock price of the company contributes to the calculation of BSE
Sensex.
Managing the company was taken over by the Swiss cement major Holcim in 2004. ACC
operated as part of the Lafarge Holcim. On 1 September 2006, the name of Associated Cement
Companies Limited was changed to ACC Limited. This company is the only cement company to
find the status of Superbrand in India.
In 1936 the ACC was born following the merger of 11 existing cement companies. In 1936,
eleven cement companies belonging to the groups of Tatas, Khataus, Killick Nixon and F E
Dinshaw were merged to form one corporation, the Associated Cement Companies. Sir Nowroji
B Saklatvala was the first chairman of the ACC. The first board of directors consisted of
prominent industrialists — J R D Tata, Ambalal Sarabhai, Walchand Hirachand, Dharamsey
Khatau, Sir Akbar Hydari, Nawab Salar Jung Bahadur, and Sir Homy Mody.
List of consolidated companies: [8] 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 Co. Ltd., The United Cement Co. Ltd., The
Shahabad Cement Co. Ltd., The Coimbatore Cement Co. Ltd., The Dewarkhand Cement Co.
Ltd., The C. P. Cement Co. Ltd.
OPINION:
Being one of the most respected companies in India; known for challenging conventions and
fulfilling our promises.
PURPOSE:
To be a force for good in creating a secure future for our people, our customers, our shareholders
and our nation.