DCM

What DCM does

DCM Limited is an Indian publicly listed conglomerate originally incorporated on March 26, 1889 as Delhi Cloth & General Mills Co. Limited by Lala Shri Ram, and renamed DCM Limited in 1983. Headquartered in Delhi and listed on BSE (502820) and NSE (DCM), the company currently operates three business segments: engineering (Grey Iron Castings), real estate development, and IT infrastructure services through its wholly owned subsidiary DCM Infotech Limited. The Bharat Ram family retains 50.1% promoter shareholding and continues active board representation.

The engineering division runs a Grey Iron Foundry established in 1977 at Village Asron in Punjab, with manufacturing capacity scaled over four decades from 17,000 MTPA to 72,000 MTPA using high-pressure molding lines and press pour technology. The foundry historically supplied castings to major Indian automotive OEMs across passenger cars, multi-utility vehicles, tractors, light commercial vehicles, heavy commercial vehicles, and earth-moving equipment. This division has been under complete lockout since October 22, 2019 due to ongoing labor unrest, effectively suspending production for over six years. The real estate business holds strategic land parcels including approximately 68.35 acres near Mela Ground in Hisar, Haryana, pursued under the Deen Dayal Jan Awas Yojna affordable housing scheme; the Hisar development license was suspended by Haryana DTCP in April 2023. The IT infrastructure arm, DCM Infotech Limited, provides networking, analytics, cloud, and digital technology services including Gen AI, Automation, and Cyber Security, reporting Rs. 70.43 crores in sales and other income and Rs. 10.61 crores PBT for FY 2024-25. DCM Limited's standalone PAT was Rs. 1.45 crores, representing a 77.2% decline from the prior four-quarter average.

DCM Limited makes money through three revenue streams: hardware sales of Grey Iron Castings to automotive OEMs (currently suspended), real estate development through joint development agreements on owned land parcels (largely stalled), and managed IT infrastructure services through DCM Infotech (the only meaningfully active revenue stream). Go-to-market is direct enterprise sales — historical B2B supply relationships with major Indian automotive manufacturers for castings, joint development agreements with developers for real estate, and direct enterprise sales (US and India markets) for IT infrastructure services. Pricing models are not publicly disclosed. Customer concentration historically centered on a narrow set of major automotive OEMs (Maruti, Hyundai, Mahindra, Ashok Leyland, Eicher Motors, JCB India).

Name

DCM

Legal name

DCM Limited

Website

https://dcm.in

Company type

Public

Founded year

1889

Operating status

Operating

Headcount range

251–500 employees

Short description

DCM Limited is an Indian listed conglomerate (since 1889) operating a Grey Iron Castings foundry (currently under lockout), real estate development via joint ventures, and IT infrastructure services through subsidiary DCM Infotech for enterprise clients in India and the US.

Ownership category

akta.pro rank

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Engineering - Grey Iron Castings: Manufacturing and supplying Grey Iron Castings to automotive industry across segments including cars, multi-utility vehicles, tractors, light commercial vehicles, heavy commercial vehicles, and earth moving equipment. Currently under lockout since October 22, 2019 due to labour unrest.
2. Real Estate Development: Joint development of land parcels for affordable residential plotted colonies under government schemes like Deen Dayal Jan Awas Yojna. Currently pursuing development of approximately 68.35 acres near Mela Ground, Hisar, Haryana.
3. IT Infrastructure Services: Providing IT Infrastructure services specializing in networking, analytics, cloud and digital technologies through wholly owned subsidiary DCM Infotech Limited. During FY 2024-25, DCM Infotech reported sales and other income of Rs. 70.43 Crores and PBT of Rs. 10.61 Crores.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

DCM Limited is engaged in three businesses: (1) manufacturing and supplying Grey Iron Castings to the automotive industry (cars, multi-utility vehicles, tractors, light and heavy commercial vehicles, and earth-moving equipment) from a 72,000 MTPA foundry in Punjab; (2) real estate development, primarily affordable residential plotted colonies on owned land parcels through joint development agreements; and (3) IT infrastructure services in networking, analytics, cloud, digital technologies, Gen AI, automation, and cyber security delivered through wholly-owned subsidiary DCM Infotech Limited.

Product overview

DCM Limited operates three primary business segments: (1) Grey Iron Castings through its Engineering Division, manufacturing automotive components with 72,000 MTPA capacity; (2) Real Estate Development through its Real Estate Division, focusing on affordable residential plotted colonies under government schemes; and (3) IT Infrastructure Services through wholly owned subsidiary DCM Infotech Limited, providing networking, analytics, cloud, and digital technology solutions including Gen AI, automation, and cyber security offerings.

Differentiator

Problem solved

Functional benefit

Products and services

• Grey Iron Castings Manufacturing and supplying Grey Iron Castings to automotive OEMs across segments including passenger cars, multi-utility vehicles, tractors, light commercial vehicles, heavy commercial vehicles, and earth moving equipment. Foundry capacity is 72,000 MTPA, supported by two high-pressure molding lines with press pour technology and in-house tooling and designing facility at Ropar plant. Customers include Maruti Udyog, Hyundai Motors, Mahindra & Mahindra, International Tractors Limited, Ashok Leyland, Eicher Motors, Escorts, Swaraj Mazda, JCB India, Force Motors and historically international OEMs (GM-Daewoo Korea, GM USA, Perodua Perkins Motors Malaysia, Hepworth Heating UK). Note: Engineering Division has been under lockout since October 22, 2019 due to labour unrest.
• Real Estate Development Development of land parcels into affordable residential plotted colonies under government schemes (Deen Dayal Jan Awas Yojna) through joint development agreements with partner developers. Pursuing ~68.35 acres near Mela Ground, Hisar, Haryana. Also operates via Purearth Infrastructure Limited joint venture (with Singaporean investors) including the Central Square Complex at Bara Hindu Rao, Delhi and the Amaryllis project. Note: Hisar project DTCP licence (179 of 2022) was suspended on April 18, 2023 and HRERA registration is in abeyance; Purearth abandoned Plaza-4 of Central Square Complex after prolonged litigation.
• IT Infrastructure Services

Quantifiable outcome

• DCM Infotech PBT grew from Rs. 9.56 Crores to Rs. 10.61 Crores in FY 2024-25
• +1 more outcomes

Named customers14 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Purearth Infrastructure LimitedcoreStrategic or Co-development Partner · 29 June 2026Purearth Infrastructure Ltd is a joint venture between DCM Ltd and Singaporean investors, engaged in real estate development. The company operates the Central Square Complex at Bara Hindu Rao with four plazas, three already completed and operational. Purearth is developing DCM's real estate projects including the Amaryllis project. Board members Sumant Bharat Ram and Yuv Bharat Ram serve as Whole-Time Directors of Purearth Infrastructure Limited.

Scale indicators9 records

Recent moves9 records

Expansion highlights4 records

Broad incumbents

• Persistent Systems: Indian mid-cap IT services company with growing cloud, digital transformation, and Gen AI practices serving global enterprises. Relevant peer for DCM Infotech's positioning in networking, analytics, cloud, and digital technologies, though at much larger scale.
• HCL Technologies: Major Indian IT services company offering cloud, digital, Gen AI, and cyber security services to global enterprises. Comparable to DCM Infotech as an India-headquartered IT infrastructure services provider, although at vastly larger scale and with broader enterprise customer base.
• DLF Limited: India's largest listed real estate developer with diversified residential, commercial, and plotted development projects across major Indian cities. Comparable to DCM's Real Estate Division as a publicly listed Indian entity engaged in plotted colony and residential development, though DLF operates at substantially larger scale.
• Bharat Forge: One of India's largest automotive and industrial component manufacturers with broad exposure to forged and cast components across automotive, construction equipment, and railways. Comparable to DCM Engineering as a large-scale metal-component supplier to OEMs with international customer footprint.

Direct peers

• Sandhar Technologies: Indian-listed manufacturer of automotive components including safety systems, sheet metal, and castings supplied to two-wheeler, passenger vehicle, and commercial vehicle OEMs. Closely comparable to DCM's Grey Iron Castings business in terms of automotive OEM customer profile and tier-1 component manufacturing focus.
• Sundaram Fasteners: TVS Group company manufacturing high-precision automotive fasteners and metal components (including iron castings) for Indian and international OEMs. Directly comparable to DCM Engineering in automotive metal-component manufacturing, foundry operations, and B2B OEM customer relationships.
• Rico Auto Industries: Indian-listed manufacturer of automotive components including aluminium die-castings, ferrous castings, and precision-machined parts supplied to OEMs in India and abroad. Closely aligned with DCM Engineering in automotive iron/aluminium casting products and OEM customer base.
• Endurance Technologies: Indian listed manufacturer of automotive components including aluminium and iron castings supplied to OEMs across two-wheelers, passenger vehicles, and commercial vehicles. Directly comparable to DCM's Grey Iron Foundry customer base (Maruti, Hyundai, Mahindra, Ashok Leyland) and casting-led engineering model.

Emerging players

• PTC Industries: Indian-listed manufacturer of high-quality iron castings for automotive, railway, and industrial applications with growing international customer footprint. Comparable to DCM Engineering as an Indian iron-casting foundry, though PTC operates without the labour-related operational disruption affecting DCM.

Regional players

• Anant Raj Limited: Delhi-based listed real estate developer focused on plotted colonies, affordable housing, and integrated townships in North India including Haryana. Directly comparable to DCM's Hisar land development under Deen Dayal Jan Awas Yojna as a Delhi/Haryana-focused affordable plotted-colony developer.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/dcm-limited

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about DCM