ACC is owned by Ambuja Cements (India, BSE: 500425), which has held the brand since 16 September 2022, when Adani Group acquired it from Holcim, as part of a $6.5 billion deal that also included Ambuja Cements.[1][2][3]
Ambuja Cements owns 50.05% of ACC rather than all of it.
This ownership is reported in official statements but has not yet been matched to a regulatory filing.
ACC (formerly Associated Cement Companies) is one of India's oldest cement makers, founded in 1936 through the merger of several existing cement companies, and later controlled by Holcim, which held 54.53% before the 2022 sale. Adani's own press release on the completion of that deal states that of the resulting 56.69% Adani stake in ACC, 50.05% was held through Ambuja Cements, making Ambuja the direct majority owner of ACC rather than Adani Group entities holding it outright.
Ambuja Cements is a publicly listed company headquartered in Ahmedabad, India. Brandtree records 1 brand under its control, and it is listed as BSE: 500425 and NSE: AMBUJACEM.
Ambuja Cements is a listed Indian cement manufacturer that passed from Holcim to the Adani family on 16 September 2022. Since that acquisition it has also operated as the group's holding vehicle for ACC Ltd, India's other major Holcim-founded cement producer, giving Ambuja a dual role as both a cement brand in its own right and the intermediate owner of a second one.
Brandtree records a controlling owner for 288 brands that began in India.
9 of them (3%) are now controlled by a company headquartered in another country; ACC is not one of them.
The Adani family, through a special purpose vehicle, bought Holcim out of its Indian cement business. Holcim had announced on 15 May 2022 that it would sell its 63.19 per cent stake in Ambuja Cements and its 54.53 per cent stake in ACC (of which 50.05 per cent was held indirectly through Ambuja) to Adani; the sale closed on 16 September 2022, after mandatory open offers to Ambuja's and ACC's public shareholders, at a stated value of USD 6.50 billion for the Holcim stake and open offer consideration combined. This was not a purchase of either company outright: it transferred control, not full ownership. After completion Adani held 63.15 per cent of Ambuja Cements directly, and reached 56.69 per cent of ACC through a combination of a small direct stake and Ambuja's pre-existing 50.05 per cent holding in ACC — the same Ambuja-in-ACC stake the dataset already records as at completion. Public shareholders continued to hold the remainder of both companies on the Indian stock exchanges. The transaction made Adani India's second-largest cement producer and put the Ambuja Cement and ACC brands under Adani ownership in place of the Swiss group that had controlled them since the 2000s (ACC) and 2006 (Ambuja, via Holcim's predecessor Holcim Ltd/Lafarge-Holcim lineage).
The parent company of ACC is Ambuja Cements, a publicly listed company headquartered in India.
Is ACC owned by Accor?
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No. ACC is owned by Ambuja Cements, not Accor.
Is ACC owned by Holcim?
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No. ACC is owned by Ambuja Cements, not Holcim.
Is ACC Indian?
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Yes. ACC originated in India in 1936 and its owner, Ambuja Cements, is also headquartered in India.
When did Ambuja Cements buy ACC?
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Ambuja Cements completed its acquisition of ACC on 16 September 2022, after announcing the deal on 15 May 2022. The deal, which also included Ambuja Cements, was valued at $6.5 billion.
Is ACC still owned by Ambuja Cements?
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Yes. As of 23 September 2026, ACC is still owned by Ambuja Cements (50.05% stake). The ownership record was last checked against primary sources on that date.
Sources (3) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
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