The larger Dalmia Group was founded by Mr. Jaidayal Dalmia along with his brother Mr. Ramkrishna Dalmia and Mr. Shanti Prasad Jain way back in the 1930s. Over time, the business interests of the group were split among the three partners. As the result of the division, Mr. J. Dalmia got control of Dalmia Cement (Bharat) Ltd., established in 1939 and Orissa Cement Ltd., established in 1949. With this separation, Late Mr. J. Dalmia's business relations with Mr. R. Dalmia and Mr. Shanti Prasad Jain ceased.
Mr. J. Dalmia had seven sons and two daughters. While the eldest two of the seven brothers have now retired, three took over the control of Orissa Cement and the remaining two took over Dalmia Cement. Orissa Cement underwent some management changes in 1999, whereby Mr. AH Dalmia, one of the three brothers, separated out. He started the Renaissance Group. One of the two daughters of Mr. J. Dalmia is married into the Kejriwal family, who are the promoters of Electrosteel Castings Ltd. (www.electrosteel.com), a highly profitable, Kolkata-based company.
The Dalmia Cement Group
Mr. JH Dalmia completed his Masters in Electrical Engineering from the United States and has been looking after the Group's interest in industrial ceramics. He has also spearheaded the Group's foray into various electronics ventures including televisions, multi-layer chip capacitors, etc.
Mr. YH Dalmia is a chartered accountant and looks after the Cement business. He has served as the Chairman of the national body of cement manufacturers in India, CMA.
In addition to the core business of cement, the Group diversified into Sugar through a green-field project in Uttar Pradesh, a state in Northern India. They have also made a venture capital investment in Indus League.
The Orissa Cement Group
Mr. MH Dalmia completed his Bachelors degree in Chemical Engineering from Jadavpur University, Kolkata where he was awarded the gold medal for best engineering student. He leads a number of companies with diversified interests, including cement, industrial ceramics, chemicals, mechanical engineering, real estate, information technology, international trading and investment banking. Mr. MH Dalmia has also served on the Managing Committees of various industry and trade organisations such as FICCI, IRMA, CMA and NCB.
Mr. RH Dalmia completed his bachelor's degree in Mechanical Engineering from IIT, Delhi. He is responsible for looking after the industrial ceramics business, Hari Machines, an engineering company and the Group's interests in sponge iron.
The Renaissance Group
The Group is headed by Chairman, Mr. AH Dalmia who is assisted by his two sons Abhishek and Chaitanya. Mr. AH Dalmia completed his BA (Hons.) in Economics from St. Stephens College, New Delhi in 1965 and handled various responsibilities in the Orissa Cement Group until he separated out in 1999. He was mainly responsible for looking after the cement business of OCL since 1975 to 1997. He is currently responsible for providing overall guidance to the Group.
Mr. Abhishek Dalmia qualified as a Chartered Accountant in 1992 and started his career as the Vice President of OCL India Limited in 1992. After spending time with different parts of the OCL Group, he assumed responsibility for the overall management of the cement operations. In 1999, having separated out of the OCL Group, he started the investment advisory business. He was the chief architect of the takeover bid made by the Group on GESCO Corporation Ltd. This attracted wide coverage in the media for unlocking shareholder value. He is responsible for providing strategic direction to Revathi Equipment Ltd., a Group company. He is also responsible for identifying investment opportunities for the Group to deploy its capital into.
Mr. Chaitanya Dalmia did his MBA from International Management Institute, New Delhi and started his career in 1998 with OCL India Limited. He was a critical part of the decision making team during the takeover bid on GESCO Corporation. He is responsible for equity investing for the Group since 2000. In 2003, he took a summer course covering 'Business Analysis and Valuation', and 'Financial Markets' at the London School of Economics (LSE) to further enhance his understanding of the financial markets. His expertise lies in macro-economic environment scan, corporate structures, equity investing, corporate finance, taxation, asset allocation, and risk optimisation.