Jain Irrigation Systems Ltd:
Jain irrigation system limited mainly deals with the agricultural commodities in India. This organization has expanded its business outside of India as it operates its businesses in European countries as well as in North America. The organization is very popular for the quality of products that they provide to their customers all over the world.
Jain Irrigation Systems Limited offers a variety of products regarding agriculture. The organization provides advanced technology regarding Agro input, EX-CEL plastics which are mostly used in the agricultural operation, irrigation systems, pipes and tools regarding the pumps and things. The organization also provides products regarding advanced cultivation such as the greenhouse, solar pumping and also the plants run by biogas.
Jain Irrigation Systems Limited provides plants for tissue culture. These plants are more expensive than the actual plants; the organization offers banana plants, pomegranate plants and so on. Many dry fruits are also provided by the company such as frozen fruits like apple, strawberry. The organization started its business operations in 1963 at Jalgaon in India.
About Company Information:
Jain Irrigation Systems Ltd is mainly an organization which deals with the agricultural tools and products that are used for the cultivation. In the year 1986, the organization started to provide the systems used in micro irrigation and different types of PVC pipes and other products. It is the first company which introduced water management systems in the micro-irrigation.
In 1989, Jain Irrigation Systems ltd made its research and development department more advanced. This department was initially established in Mohadi, which is now in Jalgaon district.
During that time many farmers were facing difficulties in the micro irrigation as there was a lack of water and the crops were harmed by that. The organization was engaged to resolve this problem. In the same year, the company was merged up with an Israel-based firm, namely Amcor Ltd and advanced heating system run by solar power was manufactured. In 1994, Jain Irrigation Systems Ltd started to manufacture the food processing services such as dehydrated onions, fruits, frozen fruits and pulp. These fruits had to be completely safe for the consumers and the organization emphasized a lot on that. The plants the company introduced were ISO9001 certified.
In the same year, the company ventured a collaboration with a South African company and manufacture advanced sprinklers. In 1996, Jain Irrigation Systems Ltd. had gone through an amalgamation of the three more subsidiary companies. The companies such as the Jain plastics and chemical Ltd, Jain Karma Fertilizers and Jain Rahan Biotech had merged and started their business operations. In this year the productivity of the organization was increased a lot.
In 1997, Jain Irrigation Systems Ltd emphasized on the manufacturing and also the quality of the pipes. In this year the capacity of the pipes was increased to 35,600 MT. In this year the organization had become India’s largest producers of a vast amount of PVC pipes. In the same year, the organization had pursued a remarkable job as the organization collaborated with the Italian company RIS for the advanced irrigation system.
In 2017, Jain Irrigation Systems ltd had taken all the subsidiary companies in the United States of America. The 80% stake had been acquired in this year. The financial year had been very much successful for the management and the shareholders of the organization. The acquisition of the shares made the organization a leader of agricultural tools and products in the U.S.A.
In 2018, Jain Irrigation Systems Ltd had acquired 100% stakes of Belgium’s one of the leading importers of food ingredients. The organization is also engaged in many operations such as stocking and distributing to the retail stores. The organization after the collaboration with Jain Irrigation Systems Ltd has now turned into a leading importer of different food and agricultural ingredients in the European circuit. The Standalone revenue of the company was Rs.4289 crores in the Financial year of 2017-18 with a net profit of Rs.281 crores.
How Jain Irrigation Systems Ltd is categorized as Agriculture/Horticulture/Lives Sector and Micro Irrigation Systems Industry:
Agriculture is the principal source of livelihood for around 58 per cent of India’s population. Production of horticulture crops has been increased rapidly. The Indian food industry is foreseen to have a tremendous growth, increasing its benefaction to world food trade every year by its enormous potential for value addition, especially within the food processing industry. India is the second-largest fruit producer in the world. When it comes to the food and grocery market, India is the world’s sixth-largest, with retail contributing about 70 per cent of the sales.
Jain Irrigation Systems Ltd is categorized as Agriculture/Horticulture/Lives Sector and Micro Irrigation Systems Industry. Micro-irrigation systems is a booming industry which majorly helps in reducing water wastage and eliminates soil erosion. Due to its promising results, the market is anticipated to testify a phenomenal demand among emerging nations. As the crop yields can be increased using a minimum amount of water, the small scale farmers emphasize these irrigation systems.
Furthermore, the rising technological advancements in micro-irrigation agricultural systems are offering universal ease to large land farmers in the agricultural sector and lawn owners in the household sector to maintain and monitor the water flow and water intake of plants. Moreover, micro agricultural systems offer advantages such as better efficiency, high crop yield, and cost-effectiveness, which plays a key role in developing the usage of micro and mechanized irrigation systems.
Jain Irrigation Systems Ltd, Competitors and Sector Peers:
Mahindra EPC Irrigation Ltd. EPCIND
Movilex Irrigation Ltd. MOVIRR
Narmada Macplast Drip Irrigation Systems Ltd. NARMAC
Raj Irrigation Pipes & Fittings Ltd. RAJIRR
RM Drip and Sprinklers Systems Ltd. RMDRIA
Rungta Irrigation Ltd. RUNIRR
Sprayking Agro Equipment Ltd. SPRAGR