One of the oldest and most successful business houses in India, Dalmia Group was founded by brothers Ramkrishna Dalmia and Jaidayal Dalmia. Together, the brothers undertook an entrepreneurial journey with a zeal to excel. Starting off from the scratch, Ramkrishna and Jaidayal Dalmia went on to become the most successful entrepreneurs in India.
However, the turning point in the rise of the Dalmias came with the marriage of Ramkrishna Dalmia’s daughter to Shanti Prasad Jain of the influential Sahu Jain. The Sahu Jain family agreed to collaborate with the Dalmia family in their attempt to expand the business, thus forming the Dalmia-Jain group in the 1930s.
The Dalmia-Jain Group prospered and went on to attain unprecedented success. It started off with sugar mills, cement plants, chemical factories, paper mill and engineering plants, and later forayed into several diverse sectors.
The group’s subsidiaries included Bharat Bank, Lahore Electric, Bharat Fire and General Insurance, and Govan Group of Companies. The Dalmia-Jain Group also rose to prominence by setting up cotton mills, dairy, and Andrew Yule jute mills, apart from setting up several cement factories all across the country.
However, when both families decided to split their business due to surging differences, the business partnership between the Dalmias and the Sahu Jains was disbanded in 1948. Moreover, the brothers Ramkrishna and Jaidayal Dalmia, too, divided all their businesses soon after the split from Sahu Jain family.
While Ramkrishna Dalmia’s business was divided among his 17 surviving children, the legacy of Jaidayal Dalmia was passed on to his son Vishnu Hari Dalmia, whose sons Sanjay Dalmia and Anurag Dalmia now serve as the Chairman and Vice Chairman of Dalmia Group.
Today, the Dalmia Group has established itself as a progressive conglomerate across the globe under the aegis of Sanjay Dalmia. Textiles, soda ash, tobacco, and ITES sector witness the formidable presence of Sanjay Dalmia’s group, through its flagship companies SC GHCL UPSOM Romania SA, GHCL Ltd, GTL India, Caretel Infotech etc.
The Dalmia group has quite recently forayed into the healthcare industry through the healthcare divisions – Dalmia Healthcare Ltd and Bharat Pharma Ltd. It is also associated with various philanthropic activities and environmental initiatives, as a part of its Corporate Social Responsibility.
The story of how the Dalmia Family rose through several decades shows us that the foundation of a strong business lies with an intermingling of strong relationships.