Jain Irrigation Systems

From Wikipedia, the free encyclopedia
Jump to: navigation, search
Jain Irrigation Systems Ltd
Public company
Traded as BSE500219
Industry Agriculture
Food Processing
Solar energy
Founded Jalgaon, Maharashtra, India (1989)
Headquarters Jalgaon, India
Key people
Bhavarlal H. Jain, Founder Chairman
Ashok B. Jain, Vice Chairman
Anil B. Jain, Managing Director
Ajit B. Jain, Joint Managing Director,
Atul B. Jain, Director,
R. Swaminathan Director,
Vasant V. Warty Director,
Radhika C. Pereira Director,
D.R.Mehta Director,
Ghanshyam Dass Director,
Arun Kumar Jain Director
Revenue Increase INR58.343 billion (US$920 million) (FY 2013-14) [1]
Increase INR6.117 billion (US$96 million) (FY 2013-14)[1]
Decrease INR0.397 billion (US$6.2 million) (FY 2013-14)[1]
Number of employees
more than 10,000 (2014)
Website www.jains.com

Jain Irrigation Systems (BSE500219 and NSEJISLJALEQS) (often known as Jain Irrigation, JISL, or simply Jains) is a multinational organisation based in Jalgaon, India. JISL employs over 10,000 employees, has 28 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, turnkey biogas plants, and photovoltaic panels. 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.

Mergers and acquisitions[edit]

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.[2]

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 organised sector of the world.

  • 2006 : JISL acquired Chapin Watermatic,[3] an early developer of irrigation systems in the United States.
  • 2006 : JISL acquired NuCedar Mills, a US company in the custom homebuilding market.[4]
  • December 2006 – JISL acquired a majority stake in the US-based Cascade Specialties, Inc., which specialises 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.[5]
  • 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.[6]
  • June 2007 – Jain Irrigation Acquired 50.001% stake in NAANDAN.[7] 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[8] Jain Irrigation got direct access to a large market with value added products with this acquisition.
  • May 2012 – Jain acquired the remaining 50% of NaanDanJain Ltd. from Kibbutz Na'an in Israel for an estimated $35 million.[9]

History and growth[edit]

Early history[edit]

  • 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.[10]

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

  • 1963–1978: 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 INR 1 million in 1963 to INR 110 million in 1978.
  • 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.

Growth (1989 – )[edit]

Drip irrigation and spare drip irrigation tubes in banana farm at Chinawal village in Jalgaon district, India
The sign at a main entrance to the Jain Irrigation corporate campus. Today called Jain Plastic Park, it covers more than 3,397,680 square feet (approx. 315,822 m²)[citation needed]
  • 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, and infrastructure status to micro-irrigation & farm as industry.[citation needed]
  • 1994: Jain diversified into food processing and set up 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.[citation needed]
  • 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.[11] JISL is out from a bad financial patch of 4 years and start growing rapidly. Its net profit has 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.[12]
  • 2006 – : After continued acquisitions, Jain became the second-largest irrigation company and third-largest dehydrated onion producer in the world. It is also the largest processor of fruits & vegetables within India.[citation needed]

Corporate rankings[edit]

  • 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.[13]


  1. ^ a b c "Consolidated Result". bseindia.com. Retrieved September 11, 2014. 
  2. ^ "Jain Group companies amalgamated with the JISL". Retrieved 2 May 2006. [dead link]
  3. ^ "Jain irrigation acquired USA Base Chapin Watermatic". Retrieved 2 May 2006. 
  4. ^ "US acquisition bolsters Jain Irrigation". Retrieved 7 February 2006. 
  5. ^ "Jain Irrigation acquired Cascade Specialties, Inc, USA". Retrieved 20 November 2006. 
  6. ^ "By acquiring Aquarius will second-largest drip irrigation company in the world.". Archived from the original on 15 May 2007. Retrieved 17 February 2007. 
  7. ^ "Indian conglomerate Jain Irrigation acquired 50% of NaanDan". Archived from the original on 29 June 2007. Retrieved 25 June 2007. 
  8. ^ "Jain Irrigation Acquires 80% In UK-based Sleaford". Retrieved 29 June 2011. 
  9. ^ Azulai, Yuval (14 May 2012). "Kibbutz Naan sells NaanDanJain Irrigation". Globes. Retrieved 22 May 2012. 
  10. ^ "History of Jain irrigation". Retrieved 15 January 2007. 
  11. ^ "US fund to acquire 49.4% in Jain Irrigation Systems". Retrieved 16 January 2007. 
  12. ^ "Jain Irrigation net profit doubles". Retrieved 16 January 2007. 
  13. ^ "The new sustainability champions". Retrieved 26 September 2011. 

External links[edit]