Holcim no longer makes or sells cement in India after selling Ambuja Cements and ACC to the Adani Group in 2022. It keeps a captive centre in Navi Mumbai that provides finance, accounting, HR, order to cash, master data and IT services to Holcim companies worldwide.
Ownership and structure
Holcim Services (South Asia) Private Limited is an active Indian company whose ultimate parent is Holcim AG.
What India does for Holcim
India hosts Holcim’s captive global capability centre, which runs finance and business processes with centres of excellence in automation, analytics, tax and consolidation.
Investment and deals
Holcim entered India in 2005 through an alliance with Gujarat Ambuja Cements. In 2022 it sold its stakes in Ambuja Cements and ACC to the Adani Group for 6.4 billion Swiss francs in cash, and the sale closed in September 2022.
Holcim’s India business
Holcim’s Global Hub Business Services centre in India has a strength of more than 450 people.
Key moves in India
- 2005: Holcim entered India through an alliance with Gujarat Ambuja Cements.
- 2006: Holcim Services (South Asia) was incorporated in Navi Mumbai.
- 2019: Holcim set up Global Hub Business Services as its captive capability centre in India.
- 2022: Holcim agreed in May to sell Ambuja Cements and ACC to the Adani Group.
- 2022: The sale closed in September, ending its cement business in India.
Where it operates
Holcim runs its India business from Navi Mumbai.
At a glance
- Home country: Switzerland
- Global headquarters: Zug
- Sector: Manufacturing & Supply Chains
- Business: Building materials
- Role of India: Capability centre
- India entity: Holcim Services (South Asia) Private Limited
- Listed in India: No
- India head office: Navi Mumbai
- India offices: Navi Mumbai
- India headcount: 450+ (Global hub)
- In India since: 2005
© 2026 The Narrative Republic
See every foreign company we track in our Foreign Companies in India directory.
