Who Owns Ambuja Cement?
Ambuja Cement is owned by Adani Group, an Indian multinational conglomerate. Adani Group acquired Ambuja Cement in 2022 for approximately $10.5 billion. The company is headquartered in Mumbai, India.
Parent Company
Adani Group
Acquired
2022
Status
Publicly Traded
Headquarters
Mumbai, India
Who Owns Ambuja Cement?
- Parent Company: Adani Group
- Ownership Type: Acquired
- Acquisition Year: 2022
- Company Type: Privately Held
| Brand | Parent Company | Ownership Type |
|---|---|---|
| Ambuja Cement | Adani Group | Acquired |
History of Ambuja Cement
- Founded: 1983
- Founders: Suresh Neotia
- Acquired by Adani Group: 2022
Ambuja Cement was founded in 1983 by Suresh Neotia in Mumbai, India. The company established itself as a leading cement manufacturer, providing high-quality cement and construction materials to the Indian market. The founding vision was to create a cement company that could meet the growing construction needs of India's developing economy while maintaining high standards of product quality and customer service. This entrepreneurial approach laid the foundation for Ambuja Cement's growth and success in the competitive Indian cement industry.
Throughout the 1990s and 2000s, Ambuja Cement expanded its production capacity and distribution network, becoming one of India's largest cement manufacturers. The company became known for quality products and customer service, building a strong reputation for reliability and innovation in cement manufacturing. This period of growth demonstrated Ambuja Cement's ability to capitalize on India's infrastructure development and construction boom while maintaining operational excellence and product quality standards.
In 2022, Adani Group acquired Ambuja Cement for approximately $10.5 billion, one of the largest acquisitions in Indian industrial history. This acquisition significantly strengthened Adani Group's position in the cement and construction materials sector. The strategic acquisition represented Adani Group's commitment to building a comprehensive infrastructure portfolio and its recognition of the strategic importance of the cement industry in India's continued economic development and infrastructure expansion.
Under Adani Group ownership, Ambuja Cement has continued to expand its operations and invest in sustainable cement production. The company has benefited from Adani Group's resources, expertise in large-scale operations, and commitment to sustainable development. This integration has enabled Ambuja Cement to modernize its production facilities, expand its market reach, and invest in environmentally friendly cement production technologies while maintaining its position as a leading cement manufacturer in India.
About Adani Group
What does Adani Group own?
Adani Group operates through multiple separately listed companies covering ports and logistics (APSEZ), airports (Adani Airport Holdings), thermal power (Adani Power), renewable energy (Adani Green Energy), gas distribution (Adani Total Gas), power transmission (Adani Energy Solutions), cement (Ambuja Cements and ACC), agribusiness (Adani Wilmar), and media (NDTV). The group's most recognized consumer brand is Fortune, the edible oil brand operated through Adani Wilmar.
Is Adani Group publicly traded?
Adani Group is not a single publicly traded entity. The group operates through multiple separately listed public companies on India's National Stock Exchange and Bombay Stock Exchange. Each entity, such as Adani Enterprises, Adani Ports, Adani Green Energy, and others, is independently listed and can be purchased by investors.
Who founded Adani Group?
Adani Group was founded in 1988 by Gautam Adani in Ahmedabad, Gujarat, India. Gautam Adani began as a commodity trader before building the group into one of India's largest conglomerates through investments in ports, energy, and infrastructure.
Where is Adani Group headquartered?
Adani Group is headquartered in Ahmedabad, Gujarat, India. The group's flagship company, Adani Enterprises Limited, and most of its operating entities maintain their registered offices and principal operations in Ahmedabad, though the group has operations across India and in several international markets.
Who owns Adani Group?
Adani Group is controlled by Gautam Adani and his family, who hold majority promoter stakes in each of the group's publicly listed entities. The Adani family typically holds between 55% and 75% of shares in each listed entity, with the remaining shares held by institutional investors, foreign portfolio investors, and public shareholders.
What is Adani Group's revenue?
Adani Group does not report consolidated revenue as a single entity. In FY2025 (ending March 31, 2025), the portfolio of listed Adani companies reported record EBITDA of approximately INR 90,000 crore (approximately USD 10.5 billion), with total gross assets of INR 6.1 lakh crore (USD 71.2 billion).
What is the Hindenburg Research controversy?
In January 2023, U.S.-based short-seller Hindenburg Research published a report accusing Adani Group of stock manipulation, accounting fraud, and improper use of offshore entities. The report caused a decline of more than $100 billion in Adani Group market capitalization. The group denied all allegations. The Indian Supreme Court ordered an investigation by SEBI, and in January 2024 dismissed petitions seeking a special investigation team probe.
What is the U.S. indictment against Gautam Adani?
In November 2024, the U.S. Department of Justice unsealed an indictment charging Gautam Adani, his nephew Sagar Adani, and others with conspiracy to pay approximately $265 million in bribes to Indian state government officials to secure solar energy supply contracts. The U.S. SEC filed related civil charges. The Adani Group denied the allegations, and legal proceedings were ongoing as of February 2026.
- Founded: 1988
- Headquarters: Ahmedabad, Gujarat, India
- Company Type: Privately Held
Where Is Ambuja Cement Made / Based?
- Headquarters: Mumbai, India
- Manufacturing / Operations: India
Ambuja Cement Ownership: Pros & Cons
Advantages
- +Access to Adani Group's resources and distribution network
- +Leading position in Indian cement manufacturing
- +Strong brand recognition and customer loyalty
- +Publicly traded status enabling direct investor ownership
- +Significant investment in production capacity and modernization
- +Growing demand for construction materials in India
Considerations
- -Dependency on Adani Group's corporate policies
- -Regulatory oversight of manufacturing and environmental standards
- -Competition from other major cement manufacturers
- -Economic cycles affecting construction and infrastructure spending
- -Environmental concerns regarding cement production
- -Commodity price fluctuations affecting margins
Frequently Asked Questions About Ambuja Cement
Competitors to Ambuja Cement
No direct competitors found in the same category. This could be because Ambuja Cementoperates in a unique market segment or we're still building our competitor database.
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