Jain Irrigation Systems

Last updated

Jain Irrigation Systems
Company type Public
BSE:  500219
NSE:  JISLJALEQS
Industry Agriculture, Irrigation, pipe, Food processing, Solar energy
Founded1986
Founder Bhavarlal Jain
Headquarters Jalgaon, India
Number of 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
RevenueIncrease2.svg85.77 billion (US$1.0 billion) (FY 2018-19) [1]
Increase2.svg3.704 billion (US$44 million) (FY 2018-19)
Increase2.svg2.542 billion (US$30 million) (FY 2018-19)
Number of employees
more than 12,000 (June 2019)
Website www.jains.com

Jain Irrigation Systems, or Jains, is an Indian multinational conglomerate based in Jalgaon. It develops, manufactures, supports and sells diversified products, including drip and sprinkler irrigation systems and its components, integrated irrigation automation systems for monitoring and control, dosing systems, PVC and PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar power, solar water heating systems, solar water pumps, turnkey biogas plants, photovoltaic systems and tissue culture plants. JISL also processes dehydrated vegetables, spices, concentrated & frozen fruits or pulp. It also provides turnkey projects and agronomical support services.

Contents

The company ranked 7th on the Fortune's ‘Change the World’ list [2] as of 2015. It employs over 12,000 employees, 11,000 Dealers and Distributors and has 33 manufacturing plants worldwide.

Mergers and acquisitions

Jain Irrigation Systems Ltd. emerged as one big company after merging with various Jain Group Companies, such as Jain Plastic & Chemicals Ltd., Jain Kemira Fertilizers Ltd., Jain Rahan Biotech Ltd, Jain Brothers Industries, and Jain Pipe. [3] Jain continued acquiring companies to expand its business penetration. After some big acquisitions it became currently second-largest irrigation company and third-largest dehydrated onion producer in the world.

JISL then acquired Tera Agro Technologies and the mango-processing division of Parle-Bisleri Pvt. Ltd., both located in India. After some similar other acquisitions, JISL became the largest processor of fruits & vegetables within India and the biggest mango pulp processor in the organised sector of the world.

2006-2012

2013-2020

History and growth

Early history

In 1963, selling kerosene from a pushcart, a young law graduate Bhavarlal Jain, founded a business. The family formed a partnership with 7, 000, an accumulated savings of three generations, as capital. Soon, agencies for two-wheelers, auto vehicles, and automobile accessories were established.

Growth (1989 – )

Corporate rankings

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References

  1. "RESULTS FY 2018-19 (PDF)" . Retrieved 18 September 2019.[ permanent dead link ]
  2. "'Change the World' list". 24 November 2015. Retrieved 13 August 2019.
  3. "Jain Group companies amalgamated with the JISL" . Retrieved 2 May 2006.[ dead link ]
  4. "Jain irrigation acquired USA Base Chapin Watermatic" . Retrieved 2 May 2006.
  5. "US acquisition bolsters Jain Irrigation". Archived from the original on 28 February 2006. Retrieved 7 February 2006.
  6. "Jain Irrigation acquired Cascade Specialties, Inc, USA" . Retrieved 20 November 2006.
  7. "By acquiring Aquarius will second-largest drip irrigation company in the world". Archived from the original on 15 May 2007. Retrieved 17 February 2007.
  8. "Indian conglomerate Jain Irrigation acquired 50% of NaanDan". Archived from the original on 29 June 2007. Retrieved 25 June 2007.
  9. "Jain Irrigation Acquires 80% In UK-based Sleaford". Archived from the original on 30 September 2011. Retrieved 29 June 2011.
  10. Azulai, Yuval (14 May 2012). "Kibbutz Naan sells NaanDanJain Irrigation". Globes . Retrieved 22 May 2012.
  11. John Markoff (27 June 2012). "Google Tries Something Retro: Made in the U.S.A." The New York Times .
  12. Keshav Sunkara (12 September 2018). "Jain Irrigation to acquire US-based farm technology firm ETwater".
  13. "History of Jain irrigation" . Retrieved 15 January 2007.
  14. "Recognition of Jain irrigation" . Retrieved 23 February 2015.
  15. "Jains Contribution to Indian agriculture" (PDF). Retrieved 23 February 2015.
  16. "US fund to acquire 49. 4% in Jain Irrigation Systems" . Retrieved 16 January 2007.
  17. "Jain Irrigation net profit doubles" . Retrieved 16 January 2007.
  18. "Museum of Gandhi Research Foundation" . Retrieved 8 February 2016.
  19. "Jain Irrigation Systems's food division launches 1st branded retail product". The Economic Times. Retrieved 8 February 2016.
  20. "Jain Irrigation Systems Ltd. among S&P's list of world-beaters". Archived from the original on 4 July 2007. Retrieved 12 May 2007.
  21. "The new sustainability champions" (PDF). Retrieved 26 September 2011.