DCM Engineering Limited is part of the DCM group.
DCM started its journey with formation of public limited Company incorporated
on March 26, 1889 in the name and style of Delhi Cloth & General Mills Co.
Ltd. under the provisions of Act VI of 1882. The name of the Company was
changed on October 6, 1983 to DCM Limited.
DCM started its operations in 1889 by establishing a spinning mill at Delhi.
Over the years, it expanded and diversified its activities into a number of
manufacturing activities such as Textiles, Sugar, Chemicals, Rayon, Tyre Cord,
Fertilizers, Electronic Data Processing Machines and Engineering Products etc.
The business of the Company was reorganized with effect from 1.4.1990 under a
Scheme of Arrangement under section 391 / 394 of the Companies Act, 1956
approved by the shareholders, creditors and the financial institutions and
sanctioned by the Honourable High Court of Delhi at New Delhi in CP No. 4 of
1990 vide an order dated 16.4.1990. Under the said reorganization, all units of
the Company existing at that time stood vested and / or continued to vest in
terms of the said Scheme into four separate companies namely,
DCM Limited (holding company of DCM Engineering)
DCM Shriram Industries Limited
DCM Shriram Consolidated Limited
Shriram Industrial Enterprises Limited
The Company along with its subsidiaries has been engaged, inter alia in the
following business activities:
Scheme of Restructuring and Arrangement
In order to restructure its debt in just and equitable manner and to ensure the
growth avenues for the operating businesses, DCM formulated a comprehensive
Scheme of Restructuring and Arrangement which was approved by the court and
notified on 2.1.2004 under section 391-394 of the Companies Act.