DCM Textiles, formerly known as Delhi Cloth & General Mills (founded in 1889 by

Rai Bahadur RAI – Radiotelevisione italiana (; commercially styled as Rai since 2000; known until 1954 as Radio Audizioni Italiane) is the national public broadcasting company of Italy, owned by the Ministry of Economy and Finance (Italy), Ministry of Eco ...

Ram Kishen Das Gurwale), is an Indian conglomerate which was initially a textile business which opened its first mill in Delhi. Starting from late 1980s and early 1990s, as a result of legal and financial challenges the company was split into several industry segments under the DCM and DCM Shriram Group branding, (not to be confused with

Shriram Group Shriram Group is an Indian conglomerate headquartered in Chennai. It was founded on 5 April 1974 by R. Thyagarajan, AVS Raja and T. Jayaraman. The group had its beginning in chit funds business and later on entered the lending and insurance b ...

), and diversified in to automotive, bioseeds, cement, chemicals, farms, fertilizers, pvc, sugar, textiles, windows and door, yarns, etc. Some of its entities are DCM Textiles Co at Hisar, DCM Sri Ram Mills, Fenesta, etc.DCM Shriram Mills
''dcmshriram.com''.

History

The founder

Ram Kishen Das Gurwale" an Agrawal businessman from Delhi, founded the company in 1889 and its first factory, located in Delhi, took two years to build. The company prospered through 1907 and in 1909 Sir Shri Ram joined the company as an assistant to his father during a period of decline. Under Ram's guidance the company regained a prosperous pace. The company went through a significant financial crisis in 1917 but recovered after it received a large contract from the British Army at the time of the First World War. The mill was engaged primarily in the cotton and sugar trades and became one of the top mills in northern India. The company opened a second cloth mill and two sugar mills in 1925. It launched DCM Chemical Works in 1941 and Daurala Distillery in 1942. In 1946 it began manufacturing

vanaspati Vanaspati (Devanagari: ) is the Sanskrit word that now refers to the entire plant kingdom. However, according to ''Charaka Samhitā'' and '' Sushruta Samhita'' medical texts and the '' Vaisesikas'' school of philosophy, "vanaspati" is limited to p ...

Expansion in 1960s

Over time the company expanded and had many subsidiaries including Usha International, Bengal Potteries, Jay Engineering Works and Shri Ram Fertilizers. In 1964 the Chairman of the Board of Directors, Bharat Ram, addressed the 76th annual meeting of shareholders.

Fending off hostile takeover in 1980s

In the 1980s the company name was changed to DCM Ltd and it successfully defended a hostile takeover by a UK-based investor. As the eventual result of the failed takeover, DCM was split into four distinct companies in 1990. The four companies were: DCM, DCM Shriram Industries, Shriram Industrial Enterprises and DCM Shriram Consolidated. In 1999 there was further splintering of the company into two additional parts.

Diversification in 1990s

In 1995, DCM's 1983 partnership with

Toyota Motors is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on . Toyota is one of the largest automobile manufacturers in the world, producing about 10 ...

came to an end. DCM then entered a partnership with the Korean automotive company,

Daewoo Motors Daewoo Motors ( ) was a South Korean automotive company established in 1937 as "National Motors". The company changed its name several times until 1982 when it became "Daewoo Motors" following its acquisition by the Daewoo Group. After running ...

, which ended in 2001 after Daewoo Motors went bankrupt. During the latter 1990s Delhi Cloth & General Mills had a series of financial defaults and lawsuits. The company's 116 year old manufacturing facility was torn down to make new commercial and residential buildings. The razing was the result of a 1989 Supreme Court decision which drove factories out of the city of Delhi and the mill was moved to Hisar.

Group companies

DCM Textile, Hisar

DCM Textile, Hisar, founded in 1991 the original 1889

textile mill Textile Manufacturing or Textile Engineering is a major industry. It is largely based on the conversion of fibre into yarn, then yarn into fabric. These are then dyed or printed, fabricated into cloth which is then converted into useful goods ...

at Delhi was shut down on the orders of Supreme Court in 1989 and listed on

BSE BSE may refer to: Medicine * Bovine spongiform encephalopathy, also known as mad cow disease, a neurodegenerative disease of cattle * Breast self-examination Stock exchanges * Bahrain Stock Exchange, Bahrain * Baku Stock Exchange, Azerbaijan * B ...

and NSE, is located in the cotton growing belt near

Hisar Airport Hisar Airport , officially known as Maharaja Agrasen International Airport existing as domestic airport presently under upgrade by 30 March 2024 , is a DGCA-licensed public airport serving Hisar in Haryana state of India. It is located north ...

and GJU Hisar on Delhi bypass in Hisar city of

Haryana Haryana (; ) is an Indian state located in the northern part of the country. It was carved out of the former state of East Punjab on 1 Nov 1966 on a linguistic basis. It is ranked 21st in terms of area, with less than 1.4% () of India's land ar ...

state. Spread across with residential campus and officers club, it was set up initially with 33000 spindles, it achieved several milestones, such as ISO 9001 certification (1995), expansion to 45000 total spindles (1998), expansion to 76200 total spindles (2005), expansion to 115000 total spindles (2014), launching of 100% premium cotton yarn brand ''Primero'' (2015), launching of 100% superior cotton yarn brand ''Dinero'' (2016) and BCI cotton yarn (2016). It is operating as one of the leading manufacturer and exporter of 100% cotton carded and combed yarns, with a monthly capacity of 1,15,000 spindle producing 2500 MT of cotton yarn with an annual turnover of . In addition to its Hisar mill, it has 17 sales offices across India, with exports to at least 11 nations (c. 2017). Its Executive chairman and president are "Dr. Vinay Bharat Ram" (alumnus of Delhi University (PhD), Michigan (Ann Arbor) university and Harvard university) and "Hemant Bharat Ram" (alumnus of Carnegie Mellon University with bachelor's degree in Mathematics and Computer Science, and master's degree in Industrial Administration), who both are descendants of the founder's family through Lala Shri Ram and Dr. Bharat Ram's lineage."DCM Limited Annual Report"

The Economic Times ''The Economic Times'' is an Indian English-language business-focused daily newspaper. It is owned by The Times Group. ''The Economic Times'' began publication in 1961. As of 2012, it is the world's second-most widely read English-language bus ...

, 31 March 2016."DCM has survived splits and a hostile takeover bid"Business Today India
28 June 2011.DCM Textiles info
/ref>

External links

DCM Textile Hisar
video, 5.35m
Fenesta - A DCM Shriram Group Company

References

India, Asia Encyclopedia of Law - 1959 Supreme Court Case

October 1962 lawsuit

September 1968 lawsuit

March 1986 lawsuit

List of 14 lawsuits that took place between 1961 and 1985

DCM Engineering history

DCM india website

DCM Shriram Ltd history
{{DEFAULTSORT:Delhi Cloth and General Mills Textile companies of India Conglomerate companies of India Companies based in New Delhi Manufacturing companies based in Delhi Manufacturing companies established in 1889 1889 establishments in British India Companies listed on the Bombay Stock Exchange Companies listed on the New York Stock Exchange Economy of Hisar district Indian companies established in 1889