₹1.7 lakh crore of revenue reported in the latest year (mostly FY25) by the 60 of India's 1,487 cement plants with accounts on file. The ten largest produce 90% of it; the typical filer earns ₹90.1 crore.
Active companies
1,487
cement plants on the register
Reported revenue
₹1.7 lakh crore
60 companies with accounts
Profitable
70%
of filers · India 70%
Secured loans
38.4%
of companies have one on record
What stands out about India's cement plants
01
Revenue
₹1.7 lakh crore
of revenue reported in the latest year (mostly FY25) by the 60 of India's 1,487 cement plants with accounts on file. The ten largest produce 90% of it; the typical filer earns ₹90.1 crore.
02
Profitability
70%
of filers reported a profit (India, same segment: 70%); the median net margin is 2.4% against 2.4% nationally.
03
Growth
−5%
median revenue growth across 59 companies with two consecutive years on file (India: −5%); 5 grew by more than half and 35 shrank. Only companies still filing are counted.
04
Labour cost
6%
of revenue goes on employee cost for the median filer (6% nationally), about the same labour intensity as across India.
05
Funding
29
cement plants in India have outside funding on record at Fliar Radar (investment, incubator or grant support). Most frequent backers: India Capital Growth (3), Impact Fund Denmark (2), Adani Group (1).
06
Lending
38.4%
of India cement plants have a secured loan on record (India: 38.5%). Most frequent lenders: State Bank Of India (144), HDFC Bank (77), Bank Of Baroda (66). Open borrowings against company assets total ₹1.3 lakh crore.
07
Where the money is
43%
of reported revenue comes from Maharashtra, which holds 9% of India's cement plants.
Cities with the most cement plants
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
West Bengal
171
11.5%
₹458 crore
0%
Rajasthan
166
11.2%
₹34,598 crore
21%
Maharashtra
137
9.2%
₹71,895 crore
43%
Gujarat
116
7.8%
₹21,238 crore
13%
Uttar Pradesh
101
6.8%
₹11,505 crore
7%
Tamil Nadu
95
6.4%
₹12,647 crore
8%
Telangana
86
5.8%
₹3,658 crore
2%
Delhi
82
5.5%
₹1,279 crore
1%
Andhra Pradesh
68
4.6%
₹2,063 crore
1%
Karnataka
58
3.9%
₹11 crore
0%
Cement Plants in India by size
From the latest accounts each company has filed, split by annual revenue. Growth compares with the year before; net margin is profit after tax over revenue.
Manufacturer of grey cement, ready-mix concrete, and white cement. It also provides high-quality building materials and assists customers throughout the home-building process.
Ultratech Cement Limited is a public company incorporated in 2000, with its registered office in Maharashtra, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹71,895 crore, up 5% on the year before, with a net margin of 8.6%.
Manufacturer of cement and other building materials. Its unique products are tailor-made for Indian climatic conditions, sustainable operations, and initiatives. It has launched innovative products like Ambuja Plus, Ambuja Cool Walls, Ambuja Kawach, and Ambuja Cement Compocem.
Ambuja Cements Limited is a public company incorporated in 1981, with its registered office in Gujarat, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹19,454 crore, up 9% on the year before, with a net margin of 19.3%.
Shree Cement Limited is a public company incorporated in 1979, with its registered office in Rajasthan, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹18,037 crore, down 7% on the year before, with a net margin of 6.6%.
Revenue (FY25)₹18,037 crore
Growth vs prior year−7%
Net margin6.6%
Net worth₹21,211 crore
Paid-up capital₹34.8 crore
AreaRajasthan
Incorporated1979 · Public company
BackingFormerly PE-Backed · Post IPO 2019
Secured loans23 open
Key peopleBenu Bangur (Founder); Hari Bangur (CEO & MD)
Founders & leadershipBHPBenu Bangur, Hari Bangur, Prashant Bangur3 people
Manufacturer of cement and cement-based products. The company provides grey and white cement, wall putty, tile adhesives, grouts, wood finishes, construction chemicals, and paints. It focuses on product excellence, customer orientation, and technology leadership. The company manufactures white cement and has a presence through its subsidiaries. It offers products designed to meet construction requirements, ensuring strength and resistance to extreme weather conditions.
J. K. Cement Limited. is a public company incorporated in 1994, with its registered office in Uttar Pradesh, India, classified under textiles. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Manufacturer of cement and concrete. The company offers a range of products, including cement for concreting, plastering, and all-purpose dry mortar.
The Ramco Cements Limited is a public company incorporated in 1957, with its registered office in Tamil Nadu, India, classified under non-metallic minerals (cement, glass, ceramics). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Wonder Cement Limited is a public company incorporated in 2005, with its registered office in Rajasthan, India, classified under non-metallic minerals (cement, glass, ceramics). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Manufacturer of ferro silicon products for industrial applications and export. It produces ferro silicon using quality raw materials. Product specifications include silicon, carbon, phosphorus, sulphur, and alumina content. It products are packed in jute bags or jumbo bags.
Rnb Cements (p) Ltd is a private company incorporated in 2007, with its registered office in Meghalaya, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹96.8 crore, up 29% on the year before, with a net margin of 0.9%.
Revenue (FY25)₹96.8 crore
Growth vs prior year+29%
Net margin0.9%
Net worth₹12.5 crore
Paid-up capital₹9.5 crore
AreaMeghalaya
Incorporated2007 · Private company
Brand founded2003
Secured loans11 open
Directors on recordDeepak Kayal, Ravi Agarwal2 directors
Panyam Cements And Mineral Industrties Limited is a public company incorporated in 1955, with its registered office in Andhra Pradesh, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹83.5 crore, down 30% on the year before, with a net margin of −106.8%.
Duracon Cement Product Private Limited is a manufacturer of ready-mix concrete, focusing on providing high-quality products to customers. The company's product, UltraTech Duracon, is a flowable mix concrete that eliminates the need for vibrators, contributing to savings in material, energy, and reduction in noise. With a presence in Gujarat, India, the company has been in operation since 2007.
Duracon Cement Product Private Limited is a private company incorporated in 2007, with its registered office in Gujarat, India, classified under non-metallic minerals (cement, glass, ceramics). In FY24 it reported revenue of ₹76.2 crore, up 12% on the year before, with a net margin of 2.4%.
Silvassa Cement Products Private Limited is a private company incorporated in 1992, with its registered office in Gujarat, India, classified under non-metallic minerals (cement, glass, ceramics). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaGujarat
Incorporated1992 · Private company
Secured loans1 open
Directors on recordJagdishlal Kaluram Mundra, Pramodkumar Bhagwandas Mundra2 directors
Jagdishlal Kaluram MundraDirector · since 1992
Pramodkumar Bhagwandas MundraDirector · since 1996
Saifco Cements is a leading cement manufacturer and supplier in Kashmir, with a strong focus on building a strong foundation for progress and growth in the region. The company has been innovating with its SAIFCO NEXT approach, which is dedicated to shaping the future of Kashmir. With a commitment to quality and customer satisfaction, Saifco Cements offers a range of cement products, including 43 Grade Cement and 53 Grade Cement. The company has recently partnered with JKCement, a leading cement producer, to expand its presence in the region.
Saifco Cements Private Limited is a private company incorporated in 1997, with its registered office in Jharkhand, India, classified under non-metallic minerals (cement, glass, ceramics). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaJharkhand
Incorporated1997 · Private company
Secured loans7 open
Directors on recordSuhail Manzoor Guna, Mohammad Khalil Guna, Altaf Ahmad Guna6 directors
Millenium Cement Company Private Limited is a private company incorporated in 1999, with its registered office in West Bengal, India, classified under non-metallic minerals (cement, glass, ceramics). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Company engaged in the production and sale of cement. With a plant commissioned in 1985, the company has a significant presence in the Indian cement industry. Its products are designed to meet stringent quality standards, catering to various customer segments. The company's focus is on delivering high-quality cement to the market.
Hemadri Cements Ltd is a public company incorporated in 1981, with its registered office in Andhra Pradesh, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹7.9 crore, down 86% on the year before.
Revenue (FY25)₹7.9 crore
Growth vs prior year−86%
Net margin–
Net worth−₹3.8 crore
Paid-up capital₹6.7 crore
AreaAndhra Pradesh
Incorporated1981 · Public company
Brand founded1985
BackingCorporate
Secured loans1 open
OffersCement, Hemadri Gold 53 Grade O.P.C, CODE OF CONDUCT OF BOARD, CRITERIA FOR PAYMENT OF NED
Directors on recordBadri Narayanrao Dabbir, Gopalsamy Rajan, Pachamuthu Ravi5 directors
Badri Narayanrao DabbirDirector · since 2007
Gopalsamy RajanDirector · since 2008
Pachamuthu RaviWholetime Director · since 2010
Anandapriya RajanDirector · since 2015
Sivasamy RajuAdditional Director · since 2021
ProductsHemadri Super Cement, Hemadri Opc 53 Grade Cement +35 products
Bulland Cements Private Limited is a private company incorporated in 2006, with its registered office in Assam, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹6.9 crore, down 30% on the year before, with a net margin of 0.4%.
Revenue (FY25)₹6.9 crore
Growth vs prior year−30%
Net margin0.4%
Net worth₹8.8 crore
Paid-up capital₹2.1 crore
AreaAssam
Incorporated2006 · Private company
Secured loans2 open
Directors on recordShiwaji Pd Jaiswal, Ganesh Sarma, Kirori Mal Agarwal4 directors
Aadi Cements Private Limited is a cement manufacturing company established in 2008 with a focus on quality and trust. The company's products, including Ultratech Cement, are engineered to provide strength and durability. With a commitment to customer satisfaction, Aadi Cements aims to establish itself as a reliable player in the cement industry.
Aadi Cements Private Limited is a private company incorporated in 2006, with its registered office in Gujarat, India, classified under non-metallic minerals (cement, glass, ceramics). In FY25 it reported revenue of ₹4.9 crore, down 42% on the year before, with a net margin of 0.5%.
Revenue (FY25)₹4.9 crore
Growth vs prior year−42%
Net margin0.5%
Net worth₹78.3 lakh
Paid-up capital₹91 lakh
AreaGujarat
Incorporated2006 · Private company
Secured loans1 open
Directors on recordMiteshkumar Gandhi, Binitkumar Prakashchandra Doshi2 directors
Miteshkumar GandhiAdditional Director · since 2014
Binitkumar Prakashchandra DoshiAdditional Director · since 2014
India Cements Investment Services Limited is a public company incorporated in 1994, with its registered office in Tamil Nadu, India, classified under banking & finance. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaTamil Nadu
Incorporated1994 · Public company
Secured loans1 open
Directors on recordKrishnamurthy Suresh, Raghupathy, Lakshmiaparna Sreekumar3 directors
Krishnamurthy SureshDirector · since 2008
RaghupathyDirector · since 2008
Lakshmiaparna SreekumarDirector · since 2019
ProductsCurrency Exchange Service, Follow On Public Offer… +35 products
Product 01 / 05
Currency Exchange Service
CategoryInvestment Service
PriceOn request
Range5 products listed by India Cements Investment Services
Product 02 / 05
Follow On Public Offer Investment Service
CategoryInvestment Service
PriceOn request
Range5 products listed by India Cements Investment Services
Product 03 / 05
Offer For Sales Investment Service
CategoryInvestment Service
PriceOn request
Range5 products listed by India Cements Investment Services
Product 04 / 05
Mutual Fund Investment Service
CategoryInvestment Service
PriceOn request
Range5 products listed by India Cements Investment Services
Product 05 / 05
Equity Marketing Service
CategoryInvestment Service
PriceOn request
Range5 products listed by India Cements Investment Services
J U D Cements Limited is a leading Manufacturer based in Guwahati.we are committed to delivering quality products and services.
J.U.D. Cements Ltd is a public company incorporated in 2005, with its registered office in Meghalaya, India, classified under non-metallic minerals (cement, glass, ceramics). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaMeghalaya
Incorporated2005 · Public company
Secured loans10 open
OffersMetallurgical Coke, PU Foam, Woven Sacks, Bhel
Directors on recordAdarsh Jhunjhunwala Kumar, Iaid Lang Bamon, Soni Jhunjhunwala6 directors
Adarsh Jhunjhunwala KumarManaging Director · since 2005
Iaid Lang BamonDirector · since 2005
Soni JhunjhunwalaDirector · since 2009
Sibren SumerWholetime Director · since 2012
Ompal SinghAdditional Director · since 2019
Gokul SharmaAdditional Director · since 2019
06 · FY23 accounts · Andhra Pradesh
A
Andhra Cements Limited
Andhra Cements Limited is a leading Manufacturer based in Visakhapatnam.we are committed to delivering quality products and services.
Andhra Cements Limited is a public company incorporated in 1936, with its registered office in Andhra Pradesh, India, classified under non-metallic minerals (cement, glass, ceramics). Its latest accounts on file are for FY23; revenue, growth and margin are locked below.
Revenue (FY23)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaAndhra Pradesh
Incorporated1936 · Public company
Secured loans18 open
OffersIndustrial Fly Ash Cement Bricks, Concreted Stone Bricks, Fly-Ash Bricks, Red Bricks
How much revenue do cement plants in India generate?
The 60 companies with accounts on file reported ₹1.7 lakh crore in their latest year; the median is ₹90.1 crore and the top ten make up 90%.
Are cement plants in India profitable?
70% of filers reported a profit and the median net margin is 2.4%; median revenue growth is −5%.
Which city in India has the most cement plants?
West Bengal (171); Rajasthan (166); Maharashtra (137).
Which banks lend to cement plants in India?
State Bank Of India (144 companies); HDFC Bank (77 companies); Bank Of Baroda (66 companies); Punjab National Bank (66 companies).
Companies come from the Ministry of Corporate Affairs register (active companies; incorporations through 2022). Revenue, profit and net worth are the latest statutory accounts on file for companies that file them, standalone where available; companies without accounts are not in revenue figures. Secured loans are charges registered against company assets. Hiring is from Fliar Radar job tracking. Directory figures come from business-directory listings collected in 2026 (reviews to 2021). Counts are a floor: some incorporation years are only partly covered.
Ultratech Concrete Duracon…, Ultratech Concrete Hypercon +46 products
