The group buys Dharangadhara Works Ltd. in Kathiawar, Gujarat. Installs a kiln with the capacity to manufacture 250 tonnes of cement on a daily basis by semi-dry process at the Dalmiapuram plant in Tamil Nadu. Dalmia Cement commenced operations in 1939.
Sets up Rampur Maize Products in Uttar Pradesh (then United Provinces) on land granted by the state on a 30-year lease. During World War II, the company engages in the production of starch and becomes one of the most up-to-date glucose manufacturing plants in the country.
The Group establishes Bharat Bank Ltd. and acquires controlling interests in the Punjab National Bank.
Patiala Biscuit Manufacturers Ltd. is incorporated with Dalmia-Jain Enterprises as its managing agent.
The Rampur Distillery & Chemical Company Ltd. is established in Uttar Pradesh.
Enters the coal sector by acquiring Kharkhari Coal Co. Ltd.
Bharat Collieries Limited is established.
Acquires Govan Brothers, one of the leading business houses and managing agents for a number of industrial enterprises.
Dalmia-Jain Enterprises becomes the managing agency for Dharangadhara Chemical Works Ltd., Shevaroy Bauxite Products.
Dalmia-Jain Airways Ltd. is floated. The company engages in the sale of vehicles and air transport.
Dalmia-Jain Enterprises becomes the biggest sugar producing group in India with six sugar factories.
Dalmia-Jain Enterprises makes its biggest acquisition: Bennett, Coleman & Co. Ltd., owners of the Times Of India Group
The group expands presence in the banking sector and Bharat Bank becomes the biggest in the country.
Shri Jaidayal Dalmia expands the cement capacity and installs a 500 tonne-per-day wet kiln process, using machinery bought from Denmark.