Jain Irrigation Systems
Encyclopedia
Jain Irrigation Systems ( and ) (often known as Jain Irrigation, JISL, or simply Jains) is a multinational organization with global presence in 120 countries based in Jalgaon, Maharashtra
, India
. JISL employs over 7,500 workers, having 24 manufacturing plants, manufactures a number of products, including drip
and sprinkler
irrigation
systems and components, integrated irrigation automation systems, PVC
and PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar water-heating systems, biogas plant on turnkey basis, wind hybrid energy and photovoltaic system. JISL also processes dehydrated, concentrated and frozen fruits and vegetables. It's Equity Shares & FCCB listed in Exchanges Bombay Stock Exchange
as JAINIRRIG, National Stock Exchange of India
as JISLJALEQS also in Luxembourg.
JISL then acquired Tera Agro Technologies and the mango-processing division of Parle-Bisleri Pvt. Ltd., both located in India. After this and similar other acquisitions, JISL became the largest processor of fruits & vegetables within India and the biggest mango pulp processor in the organized sector of the world.
In 1963, selling kerosene from a pushcart, the young law graduate Bhavarlal Jain, founded the family business in trading
. The family formed a partnership with a meager 7,000, the accumulated savings of three generations, as capital. Soon, agencies for two wheelers, auto vehicles, and automobile accessories were established.
The Crawford Reid Memorial Award instituted by the US-based Irrigation Association was given to B.H. Jain, founder and chairman, for “Significant Contribution to the Irrigation Industry outside the United States.”
Maharashtra
Maharashtra is a state located in India. It is the second most populous after Uttar Pradesh and third largest state by area in India...
, India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. JISL employs over 7,500 workers, having 24 manufacturing plants, manufactures a number of products, including drip
Drip irrigation
Drip irrigation, also known as trickle irrigation or microirrigation or localized irrigation , is an irrigation method which saves water and fertilizer by allowing water to drip slowly to the roots of plants, either onto the soil surface or directly onto the root zone, through a network of valves,...
and sprinkler
Irrigation sprinkler
Irrigation sprinklers are sprinklers used on farms, golf courses, and yards, to provide water to vegetation and plants in the event of drought. They may also be used for recreation, as a cooling system, or to keep down the amount of airborne dust....
irrigation
Irrigation
Irrigation may be defined as the science of artificial application of water to the land or soil. It is used to assist in the growing of agricultural crops, maintenance of landscapes, and revegetation of disturbed soils in dry areas and during periods of inadequate rainfall...
systems and components, integrated irrigation automation systems, PVC
PVC
Polyvinyl chloride is a plastic.PVC may also refer to:*Param Vir Chakra, India's highest military honor*Peripheral venous catheter, a small, flexible tube placed into a peripheral vein in order to administer medication or fluids...
and PE piping systems, plastic sheets, greenhouses, bio-fertilizers, solar water-heating systems, biogas plant on turnkey basis, wind hybrid energy and photovoltaic system. JISL also processes dehydrated, concentrated and frozen fruits and vegetables. It's Equity Shares & FCCB listed in Exchanges Bombay Stock Exchange
Bombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
as JAINIRRIG, National Stock Exchange of India
National Stock Exchange of India
The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE has a market capitalization...
as JISLJALEQS also in Luxembourg.
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.JISL then acquired Tera Agro Technologies and the mango-processing division of Parle-Bisleri Pvt. Ltd., both located in India. After this and similar other acquisitions, JISL became the largest processor of fruits & vegetables within India and the biggest mango pulp processor in the organized sector of the world.
- 2006 : JISL acquired Chapin Watermatic, US pioneer in irrigation systems.
- 2006 : JISL acquired NuCedar Mills, a US company in the custom homebuilding market.
- December 2006 - JISL acquired a majority stake in the US-based Cascade Specialties, Inc., which specializes in natural low-bacteria onion products and organic dehydrated onion. With this acquisition, Jain Irrigation became the third-largest dehydrated onion producer in the world, with a combined capacity in excess of 25,000 MTS.
- February 2007 - By acquiring the US-based Aquarius Brands for $21.5 million in an all-cash deal, Jain Irrigation will become the second-largest drip irrigation company in the world.
- June 2007 - Jain Irrigation Acquired 50.001% stake in NAANDAN. Following the transaction, which includes a US$30 million investment, NaanDan and Jain intend to become within the next few years the largest irrigation company worldwide.
- November 2010 - By acquiring controlling stake in Sleaford Quality Foods Limited ("SQFL" or "Sleaford Quality Foods"), a UK based Industrial Food Ingredients Supplier Jain Irrigation got direct access to a large market with value added products with this acquisition.
Early history
- 1887-1963: Jain Irrigation's roots in the fields of agriculture, water, and food started in 1887 when its founder's forefathers left the deserts of Rajasthan, their home state, in search of water and food and reached Wakod, at the foothills of the Ajanta Caves. They started farming as a means of livelihood.
In 1963, selling kerosene from a pushcart, the young law graduate Bhavarlal Jain, founded the family business in trading
Trade
Trade is the transfer of ownership of goods and services from one person or entity to another. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market. The original form of trade was barter, the direct exchange of goods and...
. The family formed a partnership with a meager 7,000, the accumulated savings of three generations, as capital. Soon, agencies for two wheelers, auto vehicles, and automobile accessories were established.
- 1963-1978: Inspired by a quote, "AgricultureAgricultureAgriculture is the cultivation of animals, plants, fungi and other life forms for food, fiber, and other products used to sustain life. Agriculture was the key implement in the rise of sedentary human civilization, whereby farming of domesticated species created food surpluses that nurtured the...
: a profession with future" young Bhavarlal Jain added a dealership of tractors, sprinkler systems, PVC pipes, and other farm equipment. In order to broad-base the business, agencies for farm inputs such as fertilizers, seeds, and pesticides were also added. Sales grew from 1 million in 1963 to 110 million in 1978, a phenomenal increase. These formative years helped Jain build a unique and lasting enterprise. This was achieved through consistent high standards of performance and personal behavior on the one hand and a strong sense of commitment for meeting targeted volumes and for timely payment of debts, on the other. Dealing with national and international principals was a contributing factor towards building these attitudes. In time, Jain came to be recognized as a reputable, trustworthy and prestigious house. This background augured well for an entry into industrial ventures.
- 1978: Jain took over a 14-year-old sick bananaBananaBanana is the common name for herbaceous plants of the genus Musa and for the fruit they produce. Bananas come in a variety of sizes and colors when ripe, including yellow, purple, and red....
powder plant in April 1978 at a high auction price of 3 million while only 0.2 million as inevitable surplus. The plant was quickly modified for the production of papain from papaya latex. In December 1978, the founder traveled to New York in search of customers for Jain papain. The competition for purchase of raw materials at home and for sale of papain abroad was stiff and stifling. However, Jain developed purified papain through ceaseless in-house R&D and emerged as the number-one supplier of the highest purity refined papain. Thus papain put Jain on the international map.
- 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. This made Jain the largest single producer of PVC pipe in India. A close-knit dealer distribution network in the rural areas, coupled with continuous automation and up gradation of product facilities and in-house R&D for maximum capacity utilization has kept Jain at the forefront. This further helped Jain to expand the range to casingCasingCasing may refer to:* Cartridge , shell enclosing the explosive propellant in ammunition* Casing , metal tube used during the drilling of a well* Casing , decorative molding surrounding door or window openings...
& screen piping systems, thereby continuing to contribute to the growing export volumes.
Growth (1989 - )
- 1989: Beginning in 1989, Jain Irrigation struggled to pioneer water management through micro-irrigationIrrigationIrrigation may be defined as the science of artificial application of water to the land or soil. It is used to assist in the growing of agricultural crops, maintenance of landscapes, and revegetation of disturbed soils in dry areas and during periods of inadequate rainfall...
in IndiaIndiaIndia , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
. Jain Irrigation has successfully introduced some high-tech concepts to Indian agriculture, such as the integrated system approach, one-stop-shops for farmers, and infrastructure status to micro-irrigation & farm as industry.
- 1994: Jain diversified into food processing and set up world-class facilities vegetable dehydration and the production of fruit purees, concentrates, and pulp. Currently this facility is adopting ISO 9001 & HACCP certified and international FDA statute requirements. This facility will help combine the modern technologies of the west with the vast, mostly untapped agriculture resources of India, using local human resources.
- 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. JISL is out from a bad financial patch of 4 years and start growing rapidly. Its net profit has more than doubled from Rs 32.4 crore in fiscal 2004-05 to Rs 67.17 crore in fiscal 2005-06. Exports have contributed Rs 289 crore to Jain's overall revenue.
- 2005 - : Jain produced individually quick-frozen (IQF) food products like frozen mango slices in agreement with the Taiyo Kagaku Company Ltd, Japan.
- 2006 - : Jain continued acquiring companies to expand its business penetration. After acquisitions it is became second-largest irrigation company and third-largest dehydrated onion producer in the world. It is also largest processor of fruits & vegetables within India.
Corporate rankings
- Jain Irrigation Systems Ltd (JISL) in 2005 ranked 100th on the list of conglomerates in Maharashtra.
- JISL was listed 185th in the FE-500 ranking of 2005 by India Business Insight via Thomson Dialog NewsEdge.
- Standard & Poor's identifies Jain Irrigation Systems Ltd. among list of 300 world-beaters.
- In 2011, the World Economic Forum stated JISL as one of the 15 Sustainability Champions, an assessment based on growth outlook, strength of fundamentals and adaptability to cater to explosive global growth.
The Crawford Reid Memorial Award instituted by the US-based Irrigation Association was given to B.H. Jain, founder and chairman, for “Significant Contribution to the Irrigation Industry outside the United States.”
External links
- Jains.com — Official website
- Economic Times entry on JISL
- Jain Irrigation Systems at Alacrastore