Jindal Group of Ludhiana was established in 1977 by Sh. Jagdish Rai Jindal when his sons, Mr. Yash Paul Jindal, Mr. Ramesh Jindal and Mr. Rajinder Jindal joined him in the business. In 1980, Group entered into manufacturing of Bi-cycle Parts by launching a new partnership concern JINDAL FINE INDUSTRIES, the firm developed Single Speed & Multi Speed Freewheels and now sells complete range of bicycles under the Trade Name “LEADER” In 1998, Mr. Sandeep Jindal s/o Sh. Yash Paul Jindal completed his Commerce Graduation and entered into family business. This was the point of diversification for JINDAL Group when they entered into Textile Business Thus Group set up the Jindal Cotex Ltd (JCL) with the objective of manufacture of variety of Yarns from man made as well as natural fiber JCL is promoted by Mr Yash Paul Jindal, Mr Rajinder Jindal, Mr. Ramesh Jindal & Mr Sandeep Jindal Brief Overview of Group
Spinning Capacity Jindal Cotex Limited was incorporated in February, 1998 by the promoters of Jindal Group with the prime objective of manufacture of variety of Yarns. Initially, the company set up 6912 Spindles and reached to the capacity of 52272 spindles in 2010.
Business Overview Manufacturers Acrylic Polyester, and Polyester-Viscose, Polyester Cotton, combed and carded yarn. Yarns produced are used for made up in apparels, hosiery and garment Industry Installed capacity of 52272 spindles for acrylic, cotton blended and polyester yarns with manufacturing capacity of 14000TPA Enjoys Premium in the Acrylic yarn segment. Strong Customer base and dealer network in the local and Inter-State Market.
Ownership – Shareholding Pattern JCL is a widely held public limited company, listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
Recognition Certificates Certificate of ‘Star Export House’ by Office of DGFT. ISO 9001:2008 Certificate by TUVNORD
Business Evolution Incorporation of Company Started with 6912 spindles 1998 1999 2006 20082009 Reached Capacity of 23472 spindles Raised Rs. 937.50 millions through IPO & shares listed on BSE& NSE 2009 2010 2011 Reached Capacity of 52272 spindles after successful erection of 28800 cotton spindles 2010 Commenced commercial production in JML & JSTL ISO 9001:2008 Certified Commissioned 1250 KW wind Mill Initiated the implementatio n of technical textile projects in JML & JSTL Successfully raised US$ 38.75 million through GDR
Brief Financials of JCL Rs. In crores * On Stand alone basis
Subsidiaries –Technical Textile projects JCL diversified into technical textiles and implemented technical textile projects in its wholly owned subsidiaries namely Jindal Medicot Ltd & Jindal Specialty Textiles Ltd. The total capital outlay of for these projects has been Rs.239.00 crores. Out of which Rs.81.00 crores is funded through proceeds of IPO floated by JCL & balance Rs.158.00 crores is tied up through term loans from banks. Both the projects have been financed under “Technology Up gradation Fund Scheme” (TUFS) thus term loans entitled for 5% interest subsidy and 10% capital subsidy on cost of plant & machinery Both the projects are being set up in the textile park promoted by Himachal Textile Park Ltd, Tehsil Amb, Distt Una with the total area of around 65 acres The projects have been set up with the state of art technology and latest plant & machinery Both the projects have successfully commenced its commercial production and offer high value addition.
Jindal Specialty Textiles Limited Integrated Plant for laminated fabrics with the production facilities for fabrics, PVC Film and Lamination Annual Capacity of 90 million sq meters Total outlay of Rs.15100 millions Exclusive Technical know how tie up for a period of 10 years with Wonpoong Corporation, South Korea Commercial production has been started partially in October, 2011 and will be commissioned fully by January, 2012
Jindal Specialty Textiles Limited Products to be Manufactured End-use PVC Laminated Product Frontlit Banner Fabric Backlit Banner Fabric This type of fabrics as used for Outdoor advertising media. Inflatable Fabric for Boats etc This product is used for making boats for recreation and army applications Tent FabricUsed for Outdoor Tents Truck SidersUsed for advertisement in trucks