The year was 1946. The Second World War was over and political freedom was round the corner. It was then The India Cements Ltd. began its humble moorings in the form of a cement factory at Talaiyuthu, an almost unmapped tiny hamlet in Tirunelveli district, Tamil Nadu. As one of the oldest Indian corporates, established in 1946, the company set up its first plant in 1949 at Sankarnagar (Talaiyuthu).
The India Cements Ltd. is indeed a pioneer enterprise during the post-independence era to become a public limited company. The first annual report appeared on 21.4.1947. The company’s prospectus was favourably received and the public issue was oversubscribed.
“There is no stronger foundation than the one built with vision”
India cements Ltd was founded in the year 1946 by two men, Shri S N N Sankaralinga Iyer and Sri T S Narayanaswami. They had the vision to inspire dreams for an industrial India, the ability to translate those dreams into reality and the ability to build enduring relationships and the future.
Sri T S Narayanaswami, the banker turned industrialist, was the catalyst who saw the project cross through numerous hurdles and emerge as a viable and marketable proposition. He looked beyond cement and ventured into aluminium, chemicals, plastics and shipping. A pioneer industrialist and visionary, Sri T S Narayanaswami played a dynamic role in the resurgence of industrialisation in free India.
India Cements celebrated the Birth Centenary of Sri T S Narayanaswami on November 11, 2011. The Indian Postal Department released a Commemorative Postage Stamp in Honour of Sri T S Narayanaswami on November 11, 2012.
From a two plant company having a capacity of just 1.3 million tonnes in 1989, India Cements has robustly grown in the last two decades to a total capacity of 15.5 million tonnes per annum. After the approval of a Scheme of Amalgamation and arrangement between Trinetra Cement Ltd and Trishul Concrete Products Ltd with The India Cements Ltd, all the cement assets have come under one roof - India Cements. India Cements has now 8 integrated cement plants in Tamil Nadu, Telangana, Andhra Pradesh and Rajasthan and two grinding units, one each in Tamil Nadu and Maharashtra.
While retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining that have purposeful synergy to the core business. This also stemmed from the company’s strategy of emerging as an integrated pan India player to combat uncertainties in securing energy and other inputs in the supply chain at competitive costs.