Ammasandra, Karnataka, India Narsingarh, Madhya Pradesh, India Madora, Uttar Pradesh, India Raigad, Maharashtra, India
Key people
Founder: Sarangapani Mudaliar, Nandlal Hamirwasia, S.K Birla, Sushil Kumar Tiwari – Whole time director
Operating income
23,713.8 Million Rupees (March 2015)
Net income
20,442.8 Million Rupees (March 2015)[1]
Total assets
20,792.3 Million Rupees (March 2015)[2]
Owner
Heidelberg Cement, Germany from 2006
Number of employees
~ 5000
Subsidiaries
Diamond Cement
Website
www.mycemco.com
Footnotes / references Heidelberg Cement India, History
Mysore Cements Limited (also known as Diamond Cement) is one of major producers of Cement in south India since its establishment in 1958 – 59 by Karnataka-based industrialist Sarangapani Mudaliar and by collaboration of Kaisers USA as a Public Limited Company[3]
The company produced its major output of 1 ton cement with the investment of about 20 million Rupees, in 1962. MCL was immediately taken over by Kaisers and G.D Birla and from then the following years company started producing more cement and it was 4 tpa by the end of year 1968.
With an investment of 23 million, MCL produced 6 tpa of cement in Ammasandra unit Based in Tumkur District of Karnataka State. After the death of G.D Birla, in 1983 MCL was totally under control of Birlas and Shri. S.K Birla, grandson of GD Birla was declared the chairman of the organisation.
Further MCL was further established to northern part of India with its plants in Damoh in Madhya Pradesh and Jhansi in Uttar Pradesh. But Ammasandra plant was modernised by the investment of around 350 million rupees. In 2006/07 MCL was taken over by the world's third largest cement producer HeidelbergCement.[4][5]
^"Mycemo, Annual Net Income 2015" (PDF). Mycemco Income. Retrieved 31 March 2015.
^"Mycemo, Total Assets – 2014–15" (PDF). Mycemco Assets. Archived from the original (PDF) on 4 March 2016. Retrieved 31 March 2015.
^"See History of Mysore cements". List of Companies. 16 April 2009. Retrieved 26 October 2012.
^"Heidelberg, Mysore cements to Merge". The Times of India. 10 May 2008. Retrieved 30 October 2012.
^"Mysore cements to Merge with Heidelberg". Business Today. Living Media India Limited. 2006.
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