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India Cements has been one of the well-known names in India’s cement industry for decades. The company built a strong presence in southern India and also became closely associated with Indian cricket through its long-standing connection with Chennai Super Kings. However, ownership of the company has changed significantly in recent years, making the question of the India cement owner particularly interesting for both business and cricket followers.
Today, UltraTech Cement is the controlling owner of The India Cements Limited. UltraTech, part of the Aditya Birla Group, first acquired a 22.77% stake in India Cements in June 2024. It later agreed to purchase another 32.72% stake from the former promoter group, which included the existing promoters and their associates. For cricket fans interested in the company’s historical relationship with Chennai Super Kings, a detailed look at the CSK owner and the franchise’s ownership history provides useful background.
Who Is the India Cement Owner?
The current controlling owner of India Cements is UltraTech Cement Limited. The acquisition gave UltraTech control of India Cements and changed the company’s position within the Indian cement industry.
UltraTech completed the acquisition of the additional 32.72% stake in December 2024. Together with its earlier 22.77% holding, UltraTech’s shareholding reached 55.49%, giving it sole control of India Cements. India Cements consequently became a subsidiary of UltraTech Cement.
History of India Cements
India Cements has a long history in India’s construction sector. Founded in 1946, the company developed its manufacturing operations over several decades and became an important cement producer, particularly in southern India.
For many years, India Cements was associated with prominent business figures and was led by former promoters including N. Srinivasan. The company also became widely known outside the cement industry because of its relationship with Chennai Super Kings and Indian Premier League cricket.
The ownership structure changed after UltraTech entered the company as a major shareholder in 2024. The acquisition marked an important new chapter in India Cements’ corporate history.
UltraTech Cement’s Acquisition of India Cements
UltraTech’s decision to acquire India Cements was part of its broader strategy to expand its cement manufacturing capacity and strengthen its presence across India’s major markets.
In July 2024, UltraTech announced its plan to purchase the 32.72% promoter stake for approximately ₹3,954 crore at ₹390 per share, followed by a mandatory open offer for public shareholders.
After receiving the necessary regulatory approvals, UltraTech completed the acquisition in December 2024. The company officially became the promoter of India Cements, while India Cements became a subsidiary of UltraTech.
India Cements and Chennai Super Kings Connection
One of the most interesting aspects of India Cements’ history is its connection with Chennai Super Kings. The company was historically associated with CSK, while N. Srinivasan played an important role in the franchise’s ownership and management structure.
However, it is important to distinguish the historical connection from the current corporate structure. India Cements itself is now controlled by UltraTech, while CSK operates through a separate corporate structure. UltraTech has also clarified that India Cements’ cricket-related arrangements did not simply become UltraTech’s cricket business following the acquisition.
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What Changed After UltraTech Became the Owner?
The acquisition placed India Cements under the wider UltraTech and Aditya Birla Group business structure. This gives India Cements access to the resources, scale and operational expertise of one of India’s largest cement companies.
UltraTech’s own corporate history shows that the company has expanded substantially through both organic growth and acquisitions. India Cements became another major addition to this expansion strategy in 2024.
India Cements continues to operate as a cement business, with manufacturing facilities serving important markets. In May 2025, the company reported that a debottlenecking project at its Banswara Cement Works increased its grey cement manufacturing capacity to 14.75 million tonnes per annum.
Is Kumar Mangalam Birla the India Cement Owner?
Kumar Mangalam Birla is not the individual owner of India Cements in the traditional sense. Rather, India Cements is controlled through UltraTech Cement, which belongs to the Aditya Birla Group structure.
Kumar Mangalam Birla serves as Chairman of UltraTech Cement and is also Chairman of the Aditya Birla Group. Therefore, when people search for the “India cement owner,” it is more accurate to identify UltraTech Cement as the controlling company, while Kumar Mangalam Birla is the prominent chairman associated with the parent business group.
Why the Ownership Change Matters
The change in ownership is significant because India Cements was previously an independent company with a long-established identity in the Indian cement market. UltraTech’s acquisition brought the company into a much larger cement network.
For UltraTech, the deal strengthened its position in southern India and supported its long-term capacity expansion plans. For India Cements, the acquisition created a new corporate chapter under one of the country’s largest cement producers.
The story also shows how major Indian businesses can evolve over time. A company that was once strongly associated with a particular promoter group can eventually become part of a much larger corporate organization through strategic acquisitions.
Final Thoughts
The answer to the question “Who is the India cement owner?” is clear today: UltraTech Cement is the controlling owner of India Cements. UltraTech completed the acquisition of the former promoter stake in December 2024, taking its total holding to 55.49% and gaining sole control of the company.
India Cements remains an important name in India’s cement history, while its past connection with Chennai Super Kings continues to attract interest from cricket fans. The transition to UltraTech ownership represents a major change for the company and reflects the continuing consolidation of India’s cement industry.
