ACC celebrates its 85th Founder’s Day

August 1 marked the 85th Founder’s Day of ACC Limited, a leading producer of cement and ready-mix concrete. It was on this day in the year 1936 when the formation of The Associated Cement Companies Limited (ACC Limited) was announced

According to a press release, ACC Ltd was the result of FE Dinshaw’s tireless efforts to cement India’s self-reliance in building material. The groundbreaking venture was formed 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 M&A (mergers and acquisitions) was unheard of.

These companies were part of four prominent entrepreneurial groups – the Tatas, Khataus, Killick Nixon and FE Dinshaw.

“At ACC, over the last eight and a half decades, we have continued to reinvent ourselves to support nation building efforts. To build progress for all, we are accelerating India’s green transformation. We are making cities greener from foundation to rooftops with low carbon solutions. We are empowering society with sustainable infrastructure and improving living standards for all with affordable and sustainable solutions. On 85th Founders’ Day, we salute the countless employees and stakeholders of ACC who have been an indispensable part of our journey and golden legacy,” said Neeraj Akhoury, CEO India, Holcim Group and MD & CEO, Ambuja Cements Limited.

“On this 85th Founders Day, we are grateful for the contributions that went into shaping ACC into what it is today. ACC has maintained its reputation of being a pioneering brand with a history of ‘Category first’ innovations that have gone on to set new benchmarks. We continue our endeavor to be an innovative and responsive organization by building sustainable, innovative and differentiated solutions. ACC’s recent launch of ECOPact, a flagship green concrete low-carbon solution, is a witness to its enriched legacy and marks a major milestone in its journey of innovation and sustainability in the country,” said Sridhar Balakrishnan, MD & CEO, ACC Limited.

ACC’s spirit of self-reliance is guided by the ethos and values of luminaries such as JRD Tata, Dharamsey Khatau, Walchand Hirachand, Ambalal Srabhai and Nani Palkivala with their worthy presence on ACC’s Board, said the release.

Today, it said, ACC is counted among the country’s ‘most sustainable companies’’ and is recognised for its best practices in environment management and corporate citizenship.