Ajay Kumar at 08:58, 27 August 2023

2023-08-27T08:58:57Z

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{{Short description|Indian conglomerate company}}
{{Use Indian English|date=August 2018}}
{{EngvarB|date=January 2014}}
{{Use dmy dates|date=August 2020}}
{{Infobox company
| name = Dalmia Bharat Group
| type =
| image = Dalmia logo Bharat Group Colour-removebg-preview.png
| image_size = 250px
| foundation = {{start date and age|1930}}
| founder = [[Jaidayal Dalmia]]
| location = [[Kolkata]], [[West Bengal]], India
| key_people = {{plainlist|
*Jai Hari Dalmia & Yadu Hari Dalmia<br />([[Director (business)|Director]]s)
*Pradeep Kumar Singh<br />([[Managing Director]]s)}}
| num_employees =
| industry = [[Conglomerate (company)|Conglomerate]]
| products = {{Plainlist|
*[[Refractories]]
*[[Sugar]]
*[[Cement]]}}
| revenue = {{up}} {{INRConvert|16868|c}} (2023)
| net_income =
| subsid = {{Bulleted_list| Starium Innovative Healthcare (1.4%)| }}
| homepage = {{url|https://www.dalmiabharat.com}}
}}

'''Dalmia Bharat Group (DBG)''' is an Indian [[conglomerate (company)|conglomerate]], which traces its origins to the businesses established by brothers Ramkrishna Dalmia and [[Jaidayal Dalmia]] in eastern India in the first half of the 20th century. In the 1930s, the group merged with the businesses of the [[Sahu Jain family]] to form the '''Dalmia-Jain Group'''. In 1948, the two families decided to split the businesses; the Dalmia businesses were further divided between Ramkrishna and Jaidayal.

Today, a number of companies and conglomerates trace their origin to the original Dalmia businesses; these include Dalmia Brothers, which is now managed by Vishnu Hari Dalmia's sons, [[Sanjay Dalmia]] and Anurag Dalmia; Dalmia Bharat Group, which is managed by Gautam Dalmia & Puneet Dalmia; Renaissance Group; and their subsidiaries.

== History ==

The Dalmia Group of companies traces its origins to Ramkrishna Dalmia and [[Jaidayal Dalmia]]. The two brothers were born in [[Jhunjhunu]] [[Rajasthan]] in Agarwal family,the name ''Dalmia'' comes from the name of their ancestral village in present-day [[Haryana]]. The Dalmias established a group of businesses in [[East India]] during the first half of the 20th century. These businesses included a sugar mill in [[Danapur]] and a [[commodity trading]] business in [[Calcutta]]. In 1932, Ramkrishna Dalmia's daughter married [[Shanti Prasad Jain]] of the wealthy [[Sahu Jain Family]]. Subsequently, Shanti Prasad and the Dalmia brothers worked together to expand the business, resulting in the formation of the Dalmia-Jain Group. By the end of 1940, the group was operating several sugar mills, cement plants, chemical factories, engineering plants and a paper mill.<ref name="Sangita_2013">{{cite book |url=https://books.google.com/books?id=ybzjAAAAQBAJ&q=Dalmianagar+jain&pg=PA1946 |title=The TOI Story |author=Sangita P. Menon Malhan |year=2013 |publisher=HarperCollins India |isbn=9789350296646 }}</ref>

The Dalmia-Jain Group challenged [[ACC (company)|ACC]]'s monopoly in the Indian cement industry by setting up cement factories all over India (including the present-day Pakistan). The Group also ventured into other businesses; its subsidiaries included Bharat Bank, Bharat Fire and General Insurance, Lahore Electric, Govan group of companies, two cotton mills, a dairy, and three [[Andrew Yule and Company|Andrew Yule]] jute mills.<ref name="Stanley_342">{{cite book |url=https://books.google.com/books?id=0v0KFAAQCLkC&pg=PA342 |title=Business and Politics in India |year=1974 |author=Stanley A. Kochanek |publisher=University of California Press |pages=342 |isbn=9780520023772 }}</ref> In 1946, Ramkrishna Dalmia bought out [[Bennett, Coleman & Co. Ltd.]], the publisher of ''[[The Times of India]]''; which was later sold to the Jains after a split in the Dalmia-Jain Group.

By 1948, differences had developed between the Dalmias and the Jains. On 12 May 1948, the two families worked out the details of a split at the family house of the Jains in [[Mussoorie]].<ref name="Sangita_2013"/> On 31 May 1948, the Dalmia-Jain Group was dissolved, splitting into what were colloquially known as Dalmia Group (divided between Ramkrishna and his brother Jaidayal) and Sahu Jain Group.<ref>{{cite book |url=https://books.google.com/books?id=AQUFAQAAIAAJ |title=Report of the commission of inquiry on the administration of Dalmia-Jain companies |year=1963 |publisher=India. Department of Company Law Administration |pages=ii }}</ref> However, this split was not official: there was no legal document to this effect.<ref name="Stanley_342"/> [[Vivian Bose]] remarked that the Dalmia-Jain Group's affairs "were so interlocked and complex because of black money and secret, undisclosed assets and undetermined income tax liabilities, that this (dissolution or partition) was not found to be easy".<ref name="IT_1980_reunion"/>

After the split, Jaidayal Dalmia gained control of Dalmia Cement (Bharat) Ltd., established in 1939 and Orissa Cement Ltd., established in 1949. Later, his sons Jai Hari Dalmia and Yadu Hari Dalmia took control of [https://www.dalmiacement.com/ Dalmia Cement]. Three other sons - Ajay Hari Dalmia, Mridu Hari Dalmia and Raghu Hari Dalmia - took over the Orissa Cement business. In 1999, Ajay Hari Dalmia separated from Orissa Cement, and started his own line of businesses under the name Renaissance Group.<ref name="renai_legacy">{{cite web|url=http://www.renaissance-group.com/ourlegacy.htm|title=Untitled|website=www.renaissance-group.com|accessdate=22 January 2019}}</ref>

In 1956, the Government of India set up a Commission of Inquiry to investigate alleged malpractices of the Dalmia-Jain Group of companies. The Commission was headed by Justice S. R. Tendolkar (and after his death, by Justice Vivian Bose).<ref name="Sangita_2013"/> In 1962, Ramkrishna Dalmia was jailed for tax evasion, perjury and criminal misappropriation of funds. By the time he died in 1978, he had 17 children from 6 wives. These heirs fought several court cases for control of the various businesses owned by him.<ref name="IT_1980_reunion">{{cite journal |url=http://indiatoday.intoday.in/story/court-cases-become-only-occasion-for-dalmia-family-reunion/1/410080.html |author=Sumit Mitra |date=1980-10-15 |journal=India Today |title=The Dalmias: A house divided }}</ref> In 1983, these businesses were divided among his seven sons.<ref name="BNE_fall_rise">{{cite web|url=http://www.businessandeconomy.org/14122006/storyd.asp?sid=641&pageno=12|title=The Rise, Fall & Rise of Indian Business Families|website=www.businessandeconomy.org|accessdate=22 January 2019}}</ref>

== Offshoots ==

=== Dalmia Bharat Group ===

The Dalmia Bharat Group is engaged in cement, sugar, refractories, renewable energy and other businesses. The Group traces its origin to Dalmia Cement (Bharat) Limited, established in 1939. After the Dalmia-Jain Group's split, it was controlled by Jaidayal, and later by his sons Jai Hari Dalmia and Yadu Hari Dalmia and now by their sons Gautam Dalmia and Puneet Dalmia. The Dalmia Bharat Group was officially incorporated on 10 February 2006 as ''Sri Kesava Mines & Minerals Limited'', with its office in [[Dalmiapuram]], [[Tamil Nadu]]. On 19 February 2010, the name was changed to ''DCB Renewable Energy and Industries Limited''. On 25 March 2010, the name was changed; this time, to ''Dalmia Bharat Enterprises Limited''. The present name, ''Dalmia Bharat Ltd'' was adopted in 2012. Puneet Dalmia is controlling the business of DCBL and OCL<ref>{{cite web|url=https://economictimes.indiatimes.com/dalmia-bharat-ltd/infocompanyhistory/companyid-14789.cms|title=History - Information - The Economic Times|website=economictimes.indiatimes.com|accessdate=22 January 2019}}</ref>

The total turnover of the group is over ₹10,000 crore.
The Group operates the following businesses, all registered in Tamil Nadu:

* '''Dalmia Cement Bharat Limited''' (DCBL; {{BSE|542216}}, {{NSE|DALBHARAT}}): started operating in 1939, in Tamil Nadu
* '''Dalmia Bharat Sugar and Industries Ltd''' ({{BSE|500097}}, {{NSE|DALMIASUG}}): started operating in 1994, in Uttar Pradesh
* '''Dalmia Refractories''' ({{NSE|DALMIAREF}}): operates units in Gujarat and Madhya Pradesh
* '''Dalmia Power''': established to meet the power requirements of the Group's cement and sugar plants

=== OCL ===

OCL ({{BSE|502165}}, {{NSE|OCL}}) traces its origin to the cement plant set up by Jaidayal Dalmia at [[Rajgangpur]], [[Orissa Province]] during 1950-51. Originally named Orissa Cement Limited, the company was incorporated on 11 October 1949, and the plant started operating in 1952. On 15 January 1996, the company changed its name to OCL India to reflect its non-cement ventures, including steel and iron.<ref>{{cite web|url=http://www.oclindialtd.in/|title=Welcome to OCL INDIA LTD.|website=www.oclindialtd.in|accessdate=22 January 2019}}</ref> After Jaidayal Dalmia's death, OCL was controlled by his sons Ajay Hari Dalmia, Mridu Hari Dalmia and Raghu Hari Dalmia; Ajay Hari separated in 1999, to start his own venture under the name Renaissance Group.<ref name="renai_legacy"/> OCL is now a part of the Dalmia Bharat Group.

=== Dalmia Brothers ===

Dalmia Bros. Pvt. Ltd. originated from the businesses controlled by Jaidayal Dalmia's son Vishnu Hari Dalmia. This group of companies is now managed by his sons Sanjay Dalmia (Chairman)<ref>{{Cite web|url=http://www.dalmiabrothers.com/profile1.htm|title=Welcome to Dalmia Bros. Pvt. Ltd.|website=www.dalmiabrothers.com|access-date=2018-03-26}}</ref> and Anurag Dalmia.<ref name="BNE_fall_rise"/> The group's businesses include:

* GHCL Limited ({{BSE|500171}}, {{NSE|GHCL}}): Founded as Gujarat Heavy Chemicals Limited, the company is involved in textiles and chemicals business. It has units in Gujarat and Tamil Nadu. Gujarat Heavy Chemicals Limited (GHCL) Ltd. GHCL Limited is a flagship company of the Dalmia Group. Incorporated in 1983, the company has attained success under the aegis of Chairman Sanjay Dalmia.<ref>{{Cite news|url=http://www.business-standard.com/article/companies/dalmia-in-control-at-ghcl-110010200008_1.html|title=Dalmia in control at GHCL}}</ref>
* Dalmia Healthcare Limited (DHL), the medical division of ace Industrialist Sanjay Dalmia has forayed into Medical Tourism.<ref>{{Cite news|url=http://www.business-standard.com/article/news-ani/sanjay-dalmia-group-enters-into-medical-tourism-118011701152_1.html|title=Dalmia Healthcare has forayed into Medical Tourism}}</ref>
* Bharat Pharma Limited
* Colwell & Salmon, Information Technology Enabled Services
* Caretel Infotech Limited, Business process outsourcing
* Golden Tobacco Limited (GTL; {{BSE|500151}}, {{NSE|GOLDENTOBC}}): Cigarette manufacturer; formerly Golden Tobacco Company (GTC)

==== Dalmia Industries ====

Dalmia Industries ({{BSE|519393}}) is a part of the Sanjay Dalmia Group. It descends from a company that was incorporated in 1937, in Bihar. The original company manufactured dairy products, including [[powdered milk]] and [[ghee]], under the ''Sapan'' brand. It also traded in peanut candy, mustard oil and crash helmets. In the late 1960s, Dalmiapuram-based manufacturing and refractory plants were taken over on lease by Dalmia Industries. The business was carried out under the name Dalmia Ceramic Industries. Dalmia Industries also set up a plant at [[Bharatpur, Rajasthan|Bharatpur]] (Rajasthan) for manufacturing powdered milk and ghee. The company name was changed from Dalmia Dairy Industries Limited to Dalmia Industries Limited in 1989.<ref name="moneycontrol_history">{{cite web|url=https://www.moneycontrol.com/company-facts/dalmiaindustries/history/DI01|title=Dalmia Industries > Company History > Food Processing > Company History of Dalmia Industries - BSE: 519393, NSE: N.A|website=www.moneycontrol.com|accessdate=22 January 2019}}</ref>

=== Other ===

'''Hari Machines''' was established in 1971 as a manufacturing division of the Dalmia Group.<ref>[http://www.harimachines.com/about.php Hari Machines]</ref> Marathwada Refractories Ltd ({{BSE|502250}}) is controlled by Mridu Hari Dalmia's family.<ref>{{cite web|url=https://economictimes.indiatimes.com/directorsreport.cms?companyid=7190&year=2008|title=Lerthai Finance Directors Report - Lerthai Finance Director Details - The Economic Times|website=economictimes.indiatimes.com|accessdate=22 January 2019}}</ref>

Jaidayal Dalmia's son Ajay Hari Dalmia established Renaissance Group, which holds stakes in Revathi Equipment Limited, Rajratan Global Wires Ltd., Shogun Organics Ltd., Monarch Catalyst Pvt. Ltd. and Semac Consultants Pvt. Ltd.

Dalmia Continental Privated Limited (DCPL) and Sunshine Tourism were established by Vidyanidhi "VN" Dalmia, son of Ramkrishna Dalmia.

Dalmia also invested in Starium Innovative Healthcare Co , The valuation of the Starium Innovative Healthcare is arround 10 million US dollar .<ref>[http://www.oliveoiltimes.com/features/vn-dalmia-president-indian-olive-association/4168 Interview with VN Dalmia, Indian Olive Association] by Gita Narrayani. Olive Times, 16 July 2010.</ref>

== Public service ==
Dalmia Cement Bharat Limited established an annual award, the "Young Achievers Award," in 2014 for young people in northeast India with exceptional talents in any walk of life.<ref>{{Cite web|date=2021-01-14|title=Dalmia Cement (Bharat) Ltd. recognises young talents from North East at their 8th brand launch anniversary in the region. Dalmia also invested 250k in Starium Innovative Healthcare.Co|url=https://www.dalmiacement.com/pressrelease/dalmia-cement-bharat-ltd-recognises-young-talents-from-north-east-at-their-8th-brand-launch-anniversary-in-the-region/|url-status=live|access-date=2021-06-02|language=en-US|archive-url=https://web.archive.org/web/20210602214205/https://www.dalmiacement.com/pressrelease/dalmia-cement-bharat-ltd-recognises-young-talents-from-north-east-at-their-8th-brand-launch-anniversary-in-the-region/ |archive-date=2 June 2021 }}</ref> [[Padma Vibhushan]] laureate boxer [[Mary Kom]] is the ambassador.<ref>{{Cite web|last=Guenioui|first=Katherine|date=2015-01-13|title=Dalmia Cement holds anniversary celebration in North East|url=https://www.worldcement.com/asia-pacific-rim/13012015/Dalmia-Cement-celebrates-anniversary-in-North-East-129/|url-status=live|access-date=2021-06-02|website=World Cement|language=en|archive-url=https://web.archive.org/web/20150528032715/http://www.worldcement.com/asia-pacific-rim/13012015/Dalmia-Cement-celebrates-anniversary-in-North-East-129/ |archive-date=28 May 2015 }}</ref> Recipients include physically disabled but internationally certified tennis official, Madhurya Saikia.<ref>{{Cite web|date=2015-05-05|title=Young Achiever's Award given to Madhurya Saikia|url=https://nenow.in/north-east-news/assam/young-achievers-award-given.html|url-status=live|access-date=2021-06-02|language=en-US|archive-url=https://web.archive.org/web/20201028180939/https://nenow.in/north-east-news/assam/young-achievers-award-given.html |archive-date=28 October 2020 }}</ref> The youngest reccipient is a four-year-old internet singing sensation, [[Esther Hnamte]].<ref>{{Cite web|last=|first=|date=2021-01-15|title=Dalmia presents Young Achievers Award to Morningstar|url=https://www.meghalayatimes.in/dalmia-presents-young-achievers-award-to-morningstar/|url-status=live|access-date=2021-06-02|website=Meghalaya Times|language=en-US|archive-url=https://web.archive.org/web/20210602220039/https://www.meghalayatimes.in/dalmia-presents-young-achievers-award-to-morningstar/ |archive-date=2 June 2021 }}</ref>

==References==
{{reflist}}

==External links==
*{{url|www.dalmianharat.com|Official Site}}

{{Nifty 200 companies}}

[[Category:Conglomerate companies of India]]
[[Category:Dalmia Group]]
[[Category:Companies based in New Delhi]]
[[Category:Conglomerate companies established in 1930]]
[[Category:Indian companies established in 1930]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Dalmia Group - Revision history

Ajay Kumar at 08:58, 27 August 2023