DCM Ltd(Formerly Delhi Cloth Mills), the flagship company of DCM Group comprises DCM Engineering Products, DCM Data Products, DCM Textiles and DCM Estates after the re-strucring of its diversified business interest into 4 companies in April 1990.
DCM has started operations in 1889 by setting up a spinning mill in Delhi. It has grow to become a diversified player with presence in manufacture of cotton, synthetic yarn and textiles, rayon tyre cord, sugar, alcohol and confectionery, heavy chemicals and fertilisers, PVC resins and compounds, electronic desk calculators, mini computers, etc. The company was re-organised into 4 companies -- DCM, DCM Shriram Industries, DCM Shriram Consolidated and Shriram Industries Enterprises -- from Apr.'90.
After the re-organisation the company has taken up a major expansion -cum-diversification project in FY 1993-94. This includes the expansion of the foundry and pattern shop in Ropar, Punjab, massive real estate development project to construct a self-contained residental complex and a modern non-polluting factory complex, setting up a a 1800-tpa hosiery, fabric dyeing and processing facility(in collaboration with Benetton, Italy). DCM came out with a rights issue in Feb.'93, to finance the manufacture of alloy/grey iron castings, with an additional capacity of 18,000 tpa to manufacture aluminium die castings, an independent tool room, a forge shop, a 100% EOU for spinning yarn, and modernisation of its units, etc.
During 1996-97, company has increased the installed capacity of Alloy Iron/ SG Iron Castings by 15000 TPA. The DCM Real Estates division started its construction frm 6th December of Phase A. The commercial production of Tool Room has started w.e.f. 1st Feb.'96. The company has absorbed the technologies of M/s Meissner which was used for manufacture of Complex Toolings. In 1997-99, it increased the installed capacity of spindles to 37,348 nos.
DCM Textiles, was awarded ISO 9002 certificate, making it the first spinning mill in northern India.
DCM has decided to hiveoff its DCM Engineering Products division into a separate company. Further the company is contemplating to amalgamate DCM Data Systems, a wholly owned subsidiary with itself. Both is this schemes were approved by the Hon'ble High Court at Delhi and are filed with ROC at Delhi & Haryana.