India is the second largest cement producer in the world. So here in this article, we are presenting you the Top 10 Cement Companies in India by revenue.
In India, the construction sector is one of the key contributors to the country’s GDP. The cement industry is a key part of this sector and is vital to its growth. Many cement companies are operating in India, but only some are major players in the market. Here is a list of India’s top cement companies based on their production capacity.
Also, Check our collection of Top IT companies in India.
The Indian cement industry is one of India’s most promising and growing sectors. The industry has a total installed capacity of around 500 million tonnes. It is expected to grow at a CAGR of around 5.5% to reach a total installed capacity of 550 million tonnes by 2025. The primary drivers for this growth are the increasing demand from the infrastructure and housing sectors.
Indian Cement Industry: Highlights
- 1. The Indian cement industry is expected to grow at a CAGR of 5.65% between FY16-22, driven by road demands, urban infrastructure and commercial real estate.
- 2. The cement consumption in India is also expected to grow at a CAGR of 5.68% from FY16 to FY22.
- 3. By FY25, the Indian cement industry will have an installed capacity of 550 MT
- 4. The top 20 companies in the Indian cement industry account for around 70% of the total production.
- 5. India has a high quantity and quality of limestone deposits throughout the country, which promises huge potential for growth in the cement industry.
Top Cement Companies in India
| Company | Capacity MTPA | Revenue |
|---|---|---|
| UltraTech Cement Ltd | 119.95 MTPA | ₹52,599 Crores |
| Shree Cement Ltd | 46.4 MTPA | ₹14,306 Crores |
| Dalmia Bharat Ltd | 35.9 MTPA | ₹11,269 Crores |
| Ambuja Cements Ltd | 25.89 MTPA | ₹13,965 Crores |
| ACC Ltd | 26.92 MTPA | ₹16,151 Crores |
| Birla Corporation Limited | 20 MTPA | ₹7,560 Crores |
| The Ramco Cements Limited | 19.40 MTPA | ₹6,010 Crores |
| JSW Cement | 17 MTPA | ₹3,858 Crores [2021] |
| India Cements Ltd | 14 MTPA | ₹4713.11 Crores |
| JK Cement | 13.1 MTPA | ₹7,679 Crores |
| Orient Cement Ltd | 8.5 MTPA | ₹2,734 Crores |
| Heidelberg Cement India Ltd | 6.26 Mn | ₹713 Cr Crores |
UltraTech Cement Ltd
- CEO: Kumar Mangalam Birla
- Founder: Ashish Dwivedi
- Headquarters: Mumbai
- Founded: 1983
- 21,921 Total Employees (Number)
- Capacity: 120 MTPA
UltraTech Cement Ltd is an Indian cement company headquartered in Mumbai. The company was founded in 1983 by Ashish Dwivedi and is part of the Aditya Birla Group. UltraTech Cement is the largest cement manufacturer in India, with a 21,921-strong workforce and a total market capitalisation of US$ 1.90 billion. The company recorded net revenues of US$ 7.1 billion during FY22 and an EBITDA of US$ 1.6 billion.
UltraTech Cement is a key player in the construction industry. The company’s commitment to sustainable development was also recognised when it was awarded the Brand of the Year at ET Brand Equity Shark Awards. It is committed to providing high-quality products and services and strives to be a responsible corporate citizen. Under the leadership of Kumar Mangalam Birla, UltraTech Cement is well-positioned to continue its growth in the coming years.
- Revenue: 52,599 crores
- Employees: 21,921
- Market Cap: 1,90,589 crores
- Dividend Yield: 0.55%
- ROE: 15%
- Promoter holding: 59.01%
ACC Ltd
- CEO: Neeraj Akhoury
- Founder: N. S. Sekhsaria
- Headquarters: Mumbai
- Founded: 1936
- Employees: 6,082
- CEO: Sridhar Balakrishnan
- Founder: N. S. Sekhsaria
- Headquarters: Mumbai
- Founded: 1936
ACC Limited (ACC) is a leading player in the Indian building materials space, with a pan-India operational and marketing presence. It is a member of the Adani Group – the largest and fastest-growing portfolio of diversified sustainable businesses.
ACC’s revenue for 2021-22 was 16,151 crore, and its market capitalization in 2021 was 41,609 crore. The company has a total capacity of 26.92 MT and is one of India’s leading players in the construction industry. ACC has won several awards and accolades over the years, including being ranked amongst the top 25 coolest workplaces in India by Business Today in 2019.
- Revenue: 16,151
- Employees: 6,082
- Market Cap: 41,609
- Capacity: 26.92 MT
- Dividend Yield: 2.40%
- ROE: 13.1 %;
- Promoter holding: 54.53
Shree Cement Ltd
- CEO: Rajeev Nambiar
- Founder: Benu Gopal Bangur
- Headquarters: Kolkata, West Bengal
- Founded: 1979
- Employees: 6,445
- Capacity: 46.4 MTPA
- CEO: Rajesh Ghurka
- Founder: Benu Gopal Bangur
- Headquarters: Kolkata, West Bengal
- Founded: 1979
Founded in 1979, Shree Cement is one of India’s leading cement companies with a production capacity of 46.4 million tonnes per annum (MTPA). The company has products that serve the widest range of construction needs, from ordinary Portland cement to ultra-high strength concrete. With a pan-India presence, Shree Cement is the third largest cement producer in the country.
It has a workforce of over 6,445 employees and a revenue of `14,306 crores. In 2021, the company was ranked among India’s 100 Best Places to Work by Great Place to Work© Institute, India. Under the leadership of CEO Rajeev Nambiar, Shree Cement is well-positioned to continue its growth trajectory and consolidate its position as a leading player in the Indian cement industry.
- Revenue: `14,306 Crore
- Employees: 6,445
- Market Cap: 86569
- Capacity: 46.4 MTPA
- Turnover: 14306
- Dividend Yield: 0.37%
- ROE: 14.1 %
- Promoter holding: 62.55%
Ambuja Cements Ltd
- CEO: Neeraj Akhoury
- Founder: Suresh Kumar Neotia
- Headquarters: Mumbai
- Founded: 1983
- Employees: 4,723
- CEO: Neeraj Akhoury
- Founder: Suresh Kumar Neotia
- Headquarters: Mumbai
- Founded: 1983
Ambuja Cements is one of the largest cement producers in India. The company was founded in 1983 by Suresh Kumar Neotia. It is headquartered in Mumbai, and its current CEO is Neeraj Akhoury. As of December 31, 2021, the company had a market capitalization of 74,968 crores.
Its revenue for the fiscal year 2020 was 13,965 crore, and it employed 4,723 people. Ambuja Cements has a production capacity of 25.89 MT and is the fifth-largest cement producer in India by this metric. The company’s promoter holding is 63.20%. Ambani Cements is known for its efficient production practices and commitment to sustainable development.
- Revenue: 13,965 Crore
- Employees: 4,723
- Production: 25.89 MT
- Market Cap: 74,968 crore (as on December 31, 2021)
- Dividend Yield: 6.3%
- ROE: 13.1 %;
- Promoter holding: 63.20%
Dalmia Bharat Ltd
- CEO: Mahendra Singhi
- Founder: Jaidayal Dalmia
- Headquarters: Chennai
- Founded: 1930
- Employees: 4301
- CEO: Mahendra Singhi
- Founder: Jaidayal Dalmia
- Headquarters: Chennai
- Founded: 1930
Dalmia Bharat Ltd is a leading cement company in India with a Chennai headquarters. The company was founded by Jaidayal Dalmia in 1930 and has since grown to become one of the leading cement companies in the country with a revenue of Rs 11,269 crore. The company employs 4301 people and has a market cap of 310.07 billion. Dalmia Bharat Ltd has a capacity of 35.9 MnT and is one of the largest cement companies in India. Mr. Mahendra Singhi, MD & CEO of Dalmia Cement, was conferred with ICR ‘Person of the Year’ Award in 2018. This is a recognition of his outstanding contribution to the Indian cement industry.
- Revenue: Rs 11,269 crore
- Employees: 4301
- Market Cap: 310.07 billion
- Capacity: 35.9 MnT
- Dividend Yield: 0.54%
- ROE: 1.49%
- Promoter holding: 55.90%
JK Cement
- Headquarters: India
- Founded: 1975
- Subsidiaries: Jaykaycem (Central) Ltd
- Employees: 3,941
- Capacity 14.7 MTPA
- CEO: Madhavkrishna Singhania Dy
- Headquarters: India
- Founded: 1975
- Subsidiaries: Jaykaycem (Central) Ltd, MORE
JK Cement is an Indian cement company headquartered in Rajasthan. The company was founded in 1975 and has since established a strong presence in the Indian market. JK Cement also has a strong international presence, with operations in 36 countries. The company is best known for its white cement, which is used in a variety of construction applications. In recent years, JK Cement has also expanded into new product segments, such as wall putty and tiles. With a broad product portfolio and a proven track record, JK Cement is well-positioned to meet the needs of the global construction industry.
- Revenue: ₹ 7,679 Crores
- Employees: 3,941
- Net Sales: 7,529 Crores
- Capacity 14.7 MTPA
- Promoter holding 45.82
- Market Cap: 18,788
Birla Corporation Limited
- CEO: Mr. Arvind Pathak
- Founder: Madhav Prasad Birla
- Headquarters: Kolkata, WestBengal
- Founded: 1910
- Employees: 7,184
- CEO: Mr. Arvind Pathak
- Founder: Madhav Prasad Birla
- Headquarters: Kolkata, WestBengal
- Founded: 1910
Birla Corporation Ltd is a cement company headquartered in Kolkata, West Bengal. The company was founded in 1910 by Madhav Prasad Birla and is currently headed by CEO Arvind Pathak. With a revenue of 7,560 crore and 7,184 employees, Birla Corporation is one of the leading cement companies in India.
In addition to its 11 cement plants, the company also has a 100% share in Reliance Cement Company Private Limited (Reliance Cement). Birla Corporation’s acquisition of Reliance Cement marks a significant milestone for the company as it continues to grow its presence in the Indian cement market. With its strong financial position and experienced management team, Birla Corporation is well-positioned to continue its growth trajectory and cement its position as a leading player in the Indian cement industry.
- Revenue: 7,560 crore
- Employees: 7,184
- Market Cap: 84.71B INR
- Capacity: 20 million tons.
- Dividend Yield: 0.91%
- ROE: 4.77%
- Promoter holding: 62.9%
The Ramco Cements Limited
- CEO: AV Dharmakrishnan
- Founder: P A C Ramasamy Raja
- Headquarters: Chennai, India
- Founded: 1961
- Employees: 3,326
- CEO: AV Dharmakrishnan
- Founder: P A C Ramasamy Raja
- Headquarters: Chennai , India
- Founded: 1961
AV Dharmakrishnan is the CEO of The Ramco Cements Limited, a cement company headquartered in Chennai, India. The company was founded in 1961 by P A C Ramasamy Raja and has since become one of the country’s leading cement suppliers. The company has a capacity of 19.40 MTPA and employs 3,326 people.
In addition to its cement business, The Ramco Cements Limited also manufactures and supplies concrete, masonry products, and mortar. The company is committed to environmental sustainability and has been recognized as one of the world’s most carbon-efficient cement producers. The Ramco Cements Limited is a publicly-listed company with a market capitalization of 6,010.62 crore.
- Revenue:6,010.62
- Capacity: 19.40 MTPA
- Employees: 3,326
- Market Cap: 186.58 billion INR
- Net Wirth: 6,524.86
- Dividend Yield: 0.38%
- ROE:14.7 %
- Promoter holding: 42.328
India Cements Ltd
- CEO: Sri N. Srinivasan
- Founder: Shri S N N Sankaralinga Iyer
- Headquarters: Kolkata, WestBengal
- Founded: 1946
- Employees: 1114
- CEO: Sri N. Srinivasan
- Founder: Shri S N N Sankaralinga Iyer
- Headquarters: Kolkata, WestBengal
- Founded: 1946
India Cements Ltd. is one of the largest cement companies in India, with a market cap of 81.60B INR. The company was founded in 1946 by Shri S N N Sankaralinga Iyer and is headquartered in Kolkata, West Bengal. India Cements produces a variety of brands, including Sankar Cement, Coramandel Cement and Raasi Gold. The company also owned the Indian Premier League franchise Chennai Super Kings from 2008 to 2014. It was transferred to a separate entity named Chennai Super Kings Cricket Ltd
Today, the company employs over 1114 people and has a revenue of 4713.11 INR. Sri N. Srinivasan is the current CEO of India Cements Ltd.
- Revenue: 4713.11
- Employees: 1114
- Market Cap: 81.60B INR
- Dividend Yield: 0.38%
- ROE: 1.35%
- Promoter holding: 16.81%
JSW Cement
- Headquarters: Mumbai
- Founded: 2009
- Key people: Parth Jindal (managing director)
- Parent organization: JSW Group
- Subsidiary: Shiva Cement Ltd.
- Employees: 1,200+
- Ceo:Parth Jindal
- Headquarters: Mumbai
- Founded: 2009
- Key people: Parth Jindal (managing director)
- Parent organization: JSW Group
- Subsidiary: Shiva Cement Ltd.
JSW Cement is one of India’s leading cement companies, with a strong presence in southern and western India. Established in 2009, JSW Cement has grown rapidly, becoming one of the top cement companies in India within just a few years. The company has a strong commitment to sustainability and innovation and was recently recognized as one of the world’s most iconic brands by the Economic Times. JSW Cement is also the parent company of Shiva Cement Ltd., one of India’s leading cement companies. With over 1,200 employees and a revenue of 3,858 Cr, JSW Cement is a major player in the Indian cement industry.
With nine manufacturing units, a combined annual production capacity of 14 million tonnes and over 1,200 employees, JSW Cement is a major player in the Indian cement industry. The company has been recognised for its sustainability, innovation and digitalisation efforts and was recently named World’s No 1 Eco Friendly Cement Company.
JSW Cement is committed to providing high-quality products and services that meet the needs of its customers and contribute to developing a sustainable built environment.
- Employees: 1,200+
- Revenue: 3,858 Cr
Orient Cement Ltd
- CEO: Desh Deepak Khetrapal
- Founder: Chandra Kant Birla
- Headquarters: Chennai, India
- Founded: 1979
- Employees: 1006
- CEO: Desh Deepak Khetrapal
- Founder: Chandra Kant Birla
- Headquarters: Chennai , India
- Founded: 1979
Orient Cement Ltd is a cement company based in Chennai, India. It was founded by Chandra Kant Birla in 1979 and is now headed by CEO Desh Deepak Khetrapal. The company has a revenue of J2,734.98 crore and employs 1,200 people as of March 31, 2022. Orient Cement is a CK Birla Group.
The company produces both Portland cement and composite cement, and has a total production capacity of 8 million tons per year. Orient Cement also has a large marketing and distribution network, many dealers and distributors across India. Orient Cement is a publicly listed company on the Bombay Stock Exchange and the National Stock Exchange of India.
- Revenue: J2,734.98 crore
- 1,200 Employees as on March 31, 2022
- Employees: 1006
- Market Capitalisation – 2,915.28 crore
- Capacity: 8.5 MTPA
- Dividend Yield: 1.93%
- ROE: 18.76%
- Promoter holding: 37.37
Heidelberg Cement India Ltd
- CEO: Anil Kumar Sharma
- Founder: Chandra Kant Birla
- Headquarters: Chennai, India
- Founded: 1979
HeidelbergCement India Ltd is one of the top cement companies in India. The company was founded in 1979 and is headquartered in Chennai. HeidelbergCement India Ltd has a strong presence in the domestic market with a market cap of over 44.14 billion INR.
The company has an extensive network of sales and distribution partners across the country. HeidelbergCement India Ltd manufactures and markets a wide range of cement products including Portland cement, white cement, and composite cement.
- Revenue: 713.94Cr INR
- Employees: 57,000
- Market Cap: 44.14 billion INR
- Capacity: 6.26 Mn
- Dividend Yield: 4.64%
- ROE:18.5 %
- Promoter holding: 69.39%
Top 10 Cement Companies by Revenue
| Company | Capacity MTPA | Revenue |
|---|---|---|
| UltraTech Cement Ltd | 119.95 MTPA | ₹52,599 Crores |
| ACC Ltd | 26.92 MTPA | ₹16,151 Crores |
| Shree Cement Ltd | 46.4 MTPA | ₹14,306 Crores |
| Ambuja Cements Ltd | 25.89 MTPA | ₹13,965 Crores |
| Dalmia Bharat Ltd | 35.9 MTPA | ₹11,269 Crores |
| JK Cement | 13.1 MTPA | ₹7,679 Crores |
| Birla Corporation Limited | 20 MTPA | ₹7,560 Crores |
| The Ramco Cements Limited | 19.40 MTPA | ₹6,010 Crores |
| India Cements Ltd | 14 MTPA | ₹4713.11 Crores |
| JSW Cement | 17 MTPA | ₹3,858 Crores [2021] |
| Orient Cement Ltd | 8.5 MTPA | ₹2,734 Crores |
| Heidelberg Cement India Ltd | 6.26 Mn | ₹713 Cr Crores |
Who is the No 1 cement in India?
UltraTech Cement Ltd is No 1 cement in India.
How many cement companies are in India?
There are 169 Cement Companies in India.
What is the production capacity of these top cement companies?
The production capacity of the top 10 cement companies in India varies, but as an example, UltraTech Cement, the largest cement company, has a production capacity of 102.75 million tons per annum (MTPA).
Which cement company holds the largest market share in India?
UltraTech Cement holds the largest market share in India with 21.4% of the total market.
The cement industry is a vital part of the Indian economy, and these 10 Cement companies are some of the biggest players in the market. With continued growth in the construction sector, we can expect these companies to continue to thrive in the years to come.
I hope you liked Cement Companies in India by Revenue.
All data is as per the respective Company Annual Report 2021-22. Please let us know in the Comment section if you find any mistakes.
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