Mysore Cements Limited
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 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.
| Type | Private |
|---|---|
| Industry | Cement |
| Founded | 1959 |
| Headquarters | Gurgaon, Haryana, India |
Number of locations | 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 |
| 23,713.8 Million Rupees (March 2015) | |
| 20,442.8 Million Rupees (March 2015) | |
| Total assets | 20,792.3 Million Rupees (March 2015) |
| Owner | Heidelberg Cement, Germany from 2006 |
Number of employees | ~ 5000 |
| Subsidiaries | Diamond Cement |
| Website | www |
| Footnotes / references Heidelberg Cement India, History | |
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.