The Delhi Cloth & General Mills Co. Ltd. (DCM), was founded in 1889 with the establishment of a Spinning Mill at Delhi. Thereafter, the company expanded and diversified into large segments of industry areas and played a leading role in the industrialization of India.

In 1990, to create more manageable business entities, DCM Ltd., was restructured into four separate companies. DCM Shriram Consolidated Ltd. (DSCL) took over 1/6th of the businesses by the merging of the following units of the erstwhile DCM:

• Shriram Fertilizer & Chemicals, Kota ( Rajasthan) - Fertilizers, Plastics, Chlor Alkali and Power
• Shriram Cement Works, Kota ( Rajasthan) - Cement
• Swatantra Bharat Mills and DCM Silk Mills (Delhi) - Textiles

In the decade 1990-2000, DSCL added the following units to its portfolio:

• Shriram Alkali & Chemicals, Bharuch (Gujarat) - Chlor Alkali
• Shriram Environment & Allied Services, Gurgaon (Haryana) - Environment & Allied Services
• Ghaghagra Sugar, Lakhimpur Kheri ( Uttar Pradesh) - Sugar
• Shriram Bioseed Genetics India Limited, Hyderabad (Andhra Pradesh) - Seeds
• DSCL Energy Services Company Limited, New Delhi - An Energy Services Company
• Hariyali Kisaan Bazaar was started
• Fenesta windows were launched.

The main businesses units of DSCL now comprise of:

Agri Businesses: Sugar, Urea, Agri Inputs, Shriram Bioseeds, Hariyali Kisaan Bazaar
Energy Intensive Businesses : Chemicals, PVC Resins, Cement
Value Added Businesses : Fenesta™ Building Systems, PVC Compounds, Energy Services
Other Businesses: Textiles