Dalmia Bharat Sugar & Industries Ltd was established in 1935 by Jaidayal Dalmia. In the year 1939, the cement unit was started, with the installed capacity of 250 tonnes per day. The Dalmia Group refers to a grouping of Indian companies, which trace their origin to the businesses established by Ramkrishna Dalmia and Jaidayal Dalmia in eastern India, in the first half of the 20th century. In the 1930s, the group merged with the businesses of the Sahu Jain Family to form the Dalmia-Jain Group. In 1948, the two families decided to split the businesses; the Dalmia businesses were further divided between Ramkrishna and Jaidayal. Today, a number of companies and conglomerates trace their origin to the original Dalmia businesses; these include Dalmia Bros, which is now managed by Vishnu Hari Dalmia's sons, Sanjay Dalmia and Anurag Dalmia. Dalmia Bharat Group, which is managed by Gautam Dalmia and Puneet Dalmia; Orissa Cement; Renaissance Group; and their subsidiaries.

Dalmia Bharat subsidiaries include Avnija Properties Ltd and DCB Power Ventures Ltd. The Group traces its origin to Dalmia Cement (Bharat) Limited, established in 1939. After the Dalmia-Jain Group's split, it was controlled by Jaidayal, and later by his sons Jai Hari Dalmia and Yadu Hari Dalmia and now by their sons Gautam Dalmia and Puneet Dalmia. The Dalmia Bharat Group was officially incorporated on 10 February 2006 as Sri Kesava Mines & Minerals Limited, with its office in Dalmiapuram, Tamil Nadu. On 19 February 2010, the name was changed to DCB Renewable Energy and Industries Limited. On 25 March 2010, the name was changed; this time, to Dalmia Bharat Enterprises Limited. The present name, Dalmia Bharat Ltd was adopted in 2012. Puneet Dalmia is controlling the business of DCBL and OCL.