DCM Textiles, formerly known as Delhi Cloth & General Mills, founded in 1889 by Lala Chunnamal, Master Shiv Pershad and Rai Bahadur Ram Kishen Das Gurwale,[1] is an Indian conglomerate which was initially a textile business which opened its first mill in Delhi. Starting from late 1980s and early 1990s, as a result of legal and financial challenges the company was split into several industry segments under the DCM and DCM Shriram Group branding, (not to be confused with Shriram Group), and diversified in to automotive, bioseeds, cement, chemicals, farms, fertilizers, pvc, sugar, textiles, windows and door, yarns, etc. Some of its entities are DCM Textiles Co at Hisar, DCM Sri Ram Mills, Fenesta, etc.[2]
History
The founders
Lala Chunnamal, Master Shiv Pershad and Rai Bahadur Ram Kishen Das Gurwale founded the company in 1889 and its first factory, located in Delhi, took two years to build. The company prospered through 1907 and in 1909 Sir Shri Ram joined the company as an assistant to his father during a period of decline. Under Ram's guidance the company regained a prosperous pace. The company went through a significant financial crisis in 1917 but recovered after it received a large contract from the British Army at the time of the