History of DCM Group
DCM Group was established in 1889 with the launch of Delhi Cloth & General Mills. The group was founded by Lala Sri Ram. DCM Group has evolved into one of India’s largest conglomerates over the years. The group is comprised of numerous companies and divisions that are well-known for their dynamic, honest, and high-quality products, as well as for their ability to adapt quickly to environmental changes.
However, due to legal and financial challenges in the late 1980s and early 1990s, the company split, forming different segments, including the DCM and DCM Shriram Group. In the 90s, the group decided to diversify its business and moved out of those business ventures which did not fit into its overall strategic vision.
DCM Group’s Sector Presence
- Textiles: The group is in the textiles, grey iron casting, IT infrastructure service, and real estate business through DCM Ltd.
- Consumer Staples: Through DCM Shriram Industries Ltd, the group is involved in the production and sale of sugar, alcohol, power, chemicals, Drones (UAV) and industrial fibers.
- Chemicals: The group has a rich presence in the chemical sector through SRF Ltd, which manufactures and sells technical textiles, chemicals, packaging films, aluminum foils, and other polymers.
- Financial Services: The group is involved in the financial services sector through DCM Financial Services Ltd, which deals in Financing Operations, viz., inter-corporate deposits and investments.
Key Personnel of DCM Group
- Lala Shri Ram, Founder
Lala Shri Ram was the founder of DCM Group. Shri Ram was born on April 27, 1884, and matriculated in March 1900. He later got himself enrolled in the Intermediate Arts course at Hindu College.
- Mr. Bipin Maira -Independent Director (Chairman)
Mr Bipin Maira is currently the Independent and Non-Executive Director on the Board of the Company. He is a science graduate from Agra University. He possesses around 50 years of industry experience. Mr Maira commenced his career with Delhi Cloth & General Mills Co. Ltd. as a Senior Management Trainee in 1962 & promoted to the position of General Manager of DCM before leaving in 1982.
How to Invest in DCM Group Stocks?
To invest in DCM Group stocks via Angel One, follow these steps:
- Log in to your Angel One account.
- Click on the search icon and look for your desired DCM Group stock.
- Now, place your buy order. Simply click on the ‘Buy’ button, enter your desired quantity, and select the order type.
- To complete your transaction, click on the ‘Buy’ button.
You can track the status of the purchase from the ‘Positions’ section in the ‘Orders’ module. Once the stock is delivered, you can track its gains and losses from your ‘Portfolio.’
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