Jain Irrigation Systems

Jain Irrigation Systems Ltd. or Jains, is an Indian multinational conglomerate based in Jalgaon, Maharashtra, India.

History

Jain Irrigation Systems Ltd. was founded in 1986 by Bhavarlal Jain.[2]

1963–1978: Bhavarlal Jain added a dealership of tractors, sprinkler systems, PVC pipes, and other farm equipment. Fertilizers, seeds, and pesticides were also added. Sales grew from ₹ 1 million in 1963 to ₹ 110 million in 1978.
1978 – Jain took over a banana powder plant in 1978. The plant was modified for the production of papain from papaya latex. Jain developed purified papain and became the number-one supplier of refined papain.[3]
1980 – Manufacturing of PVC Pipe commenced with a small annual capacity of 300 MTs which was increased to over 35,600 MTs per annum by 1997. Then expanded the range to include casing & screen piping systems.

2006-2012

Growth (1989 – )

1989: Beginning in 1989, Jain Irrigation worked to develop water management through micro-irrigation in India. Jain Irrigation has introduced some high-tech concepts to Indian agriculture, such as the integrated system approach, one-stop-shop for farmers requirements, and infrastructure status to micro-irrigation & farm as industry.[13]

1994 – Jain diversified into food processing and set up facilities vegetable dehydration and the production of fruit purees, concentrates, and pulp. This facility adopting ISO 9001 & HACCP certified and international FDA statute requirements.

2002 – After being caught between severe liquidity crunch, making lot of loss and mounting pressure from the banks and financial institutions to immediately clear overdue liabilities, Jain Irrigation Systems Ltd. (JISL) has decided to raise funds by way of offering majority equity holding in the company in favour of Aqua International Partners LP.[14] JISL were out from a bad financial patch of 4 years and start growing rapidly. Its net profit were more than doubled from Rs 324 million in fiscal 2004–05 to Rs 671. 7 million in fiscal 2005–06. Exports have contributed Rs 2. 89 billion to Jain's overall revenue.[15]

2005 – Jain started producing individually quick-frozen food products like frozen mango slices in agreement with the Taiyo Kagaku Company Ltd, Japan.

2012 - Gandhi Research Foundation, inaugurated by President of India, Pratibha Patil on 25 March 2012. Sponsored by Jain Irrigation and Bhavarlal Kantabai Foundation. The Foundation is the initiator and promoter of ‘Gandhi Teerth’, an international centre for Gandhian study, research and dialogue. Its core objective is to preserve and promote for posterity the Gandhian ideology and legacy. 'Gandhi Teerth' comprises Gandhi museum, Gandhi International Research Institute, Gandhi archives, publications, and various program's for rural development based on Gandhian lines. The foundation has a collection of 7350 books, 4090 periodicals, 4019 photographs, 75 films, 148 audio recordings of Mahatma Gandhi's speeches, and philately items from 114 countries.[16]

2016 – Jain Irrigation's food division has been hived off into a Subsidiary Company Jain Farm Fresh Foods Ltd, which were in the food processing business since 1994 making fruit pulps of mango, banana, guava, strawberry and dehydrated vegetables. Jain Farm Fresh Foods Ltd launched its first branded retail product 'AamRus' under the umbrella brand name of 'Jain FarmFresh'. 'AamRus', processed from Alphonso and Kesar varieties, is sweetened frozen mango pulp with no added flavor and colour.[17]

type	Public
traded as	bse: 500219 nse: JISLJALEQS
foundation	1986
founder	Bhavarlal Jain
hq location	Jalgaon, India
locations	worldwide 33 manufacturing bases 126+ countries 11,000+ dealers and distributors(2019)
area served	Worldwide
key people	Ashok Jain, Anil Jain, Ajit Jain, Atul Jain, Abhay Jain
industry	Agriculture, Irrigation, pipe, Food processing, Solar energy
revenue	inr 85.77 (FY 2018-19)‡R1R‡
operating income	inr 3.704 (FY 2018-19)
net income	inr 2.542 (FY 2018-19)
num employees	more than 12,000 (June 2019)
homepage	http://www.jains.com/

Jain Irrigation Systems

History

2006-2012

2013-2020

Growth (1989 – )

External links

References