Type Private Sector Key people N. Srinivasan, MD Headquarters Chennai Number of employees 7,500 | Industry Construction Products Cement Founded 1946 | |
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Revenue ₹35.5 billion (US$530 million) (2011) Net income ₹7.45 billion (US$110 million) (2011) Stock price INDIACEM (NSE) ₹ 156.25 -3.40 (-2.13%)10 Mar, 3:30 PM IST - Disclaimer Subsidiaries Chennai Super Kings Cricket Ltd | ||
India Cements Limited is a cement manufacturing company in India. The company is headed by former International Cricket Council chairman N. Srinivasan.
It was established in 1946 by S. N. N. Sankaralinga Iyer and the first plant was set up at Thalaiyuthu in Tamil Nadu in 1949. It has seven manufacturing plants in India with an annual capacity of 9 million tons. Sankar, Coramandel and Raasi Gold are the brands owned by India Cements.
India Cements owned Indian Premier League franchise Chennai Super Kings from 2008 to 2014. The franchisee was transferred to a separate entity named Chennai Super Kings Cricket Ltd., after the Supreme Court of India struck down the controversial amendment to the BCCI constitution's clause 6.2.4 that allowed board officials to have a commercial interest in the IPL and the Champions League T20 on January 22, 2015. India Cements is also alleged to have made controversial investments in Jagati Publications and Bharati Cements owned by Y. S. Jaganmohan Reddy.