Jyoti Ltd
NSE: BSE: 504076
₹63.39
-0.33 (0.52%)
Sun, 25 Oct 2026, 06:23 pm
Market Cap (in Cr)108.58
PE Ratio8.49
Dividend0
Producer Manufacturing
Electrical Products
24.5KJyoti Ltd Company History
1943
- Incorporated as public limited company at Baroda.
- Established as separate company from Alembic Chemical Works engineering department; manufacturing began in 1935.
- Objects include manufacturing hydraulic and electrical engineering goods, ceramic products and agricultural equipment.
1969
- Issued 25,000 preference shares at par.
1971
- Issued 25,000 right equity shares at par in 1:3 proportion.
1972
- Negotiated joint venture collaboration with Malaysian party for mining pumps.
1976
- Entered technical and financial collaboration with West Bengal Electronics Industries Development Corporation; formed Webel Jyoti Power Electronics Ltd.
- Agreed 25% and 26% equity participation by Jyoti and Webel, 49% public.
- Issued 50,000 bonus equity shares in 1:2 proportion.
1977
- Nima Ltd. became wholly owned subsidiary.
1979
- Finalized collaboration with Grobe Lahmeyer West Germany and BEA for special rotating machines and thyristor drives.
- Jyoti Consultants Ltd. became wholly owned subsidiary.
- Issued 75,000 right equity shares at par in 1:2 proportion.
1981
- Issued 200,000 13.5% secured partly convertible debentures of Rs. 100 each for foundry project.
1982
- Entered collaboration with Sprecher and Schuh Switzerland for 145 KV and 245 KV SF6 circuit breakers.
- Entered agreements with Aerowatt France for wind electric generators and Beasley Industries Australia for solar coatings.
- Purchased designs for 5 MW generators, 2500 KW induction motors, 124 KW DC machines and alternators up to 2500 KW from Grobe Lahmeyer Ag. West Germany.
- Issued Rs. 250 lakhs 15% non-convertible debentures for working capital.
- Allotted 400,000 equity shares at premium Rs. 2.50 on part conversion of debentures.
1983
- Entered collaboration with Toshiba Corporation Japan for vacuum circuit breakers and switchgears.
- Entered technology transfer agreement with Yayasom Dian Desa Indonesia for Jyoti gasifiers.
1984
- Electronics division introduced 400 relay; laser division introduced vertical laser alignment systems.
- Energy division entered licensing for solar cookers and solar stills.
- Commissioned test bed for pumps up to 2200 cubic metres per hour and HT motors up to 1500 KW.
- Entered technical and financial collaboration with Sunstrip International Inc. Canada.
- Issued Rs. 75 lakhs 15% non-convertible debentures to Unit Trust of India.
1985
- Implemented collaborations with Toshiba Japan for vacuum circuit breakers and Sprecher Energie Switzerland for SF6 circuit breakers.
- Sunstrip (India) Ltd. incorporated.
1986
- Commissioned three 300 KW vertical hydel sets.
- Commissioned 2.5 MW 1000 RPM alternator with Pielstick diesel engine for cement factory.
1987
- Entered technical know-how agreement with BTG (NRDC) U.K. for Pole Amplitude Modulated Motors.
- Came under Sick Industrial Companies (Special Provisions) Act 1985.
- Issued 880,000 right equity shares at par in 1:3 proportion (29,477 taken up).
1989
- BIFR appointed ICICI to prepare rehabilitation package.
1991
- Allotted 850,523 unsubscribed shares from 1988 rights issue (470,523 to shareholders, 380,000 to promoters) and 220,000 shares to promoters per BIFR.
1992
- Electronics division introduced IDMTL relays in draw-out case and mini auxiliary relays.
- Developed 33 KV 25 KA 2500 Amps indoor panel with vacuum circuit breaker.
- Proposed conversion of residual 13.5% convertible debentures and 15% non-convertible debentures into equity at premium of Rs. 10.
- Issued 1,178,989 shares to promoters group per BIFR order.
1993
- Profitability affected by competition, increased interest burden and higher wage bill.
- Developed standard alternators of 100 KVA and 1250 KVA.
- Developed and type tested 250 KW/60 KW dual speed induction generators for wind turbines.
- Developed series of alternators with class F insulated stator and class H insulated rotor.
- Allotted 1,999,011 equity shares at premium of Rs. 10 on conversion of 13.5% convertible and 15% non-convertible debentures.
1994
- Granted license to Mahabir Export and Import Co. Pvt. Ltd. for manufacturing certain centrifugal pumps and unijet systems.
2006
- Secured order from HCC-NCC JV.
2008
- Appointed Mr. Amit S Bhatnagar as Additional Independent Director.
- Received two orders worth Rs. 541 crores for pumps from Karnataka Neeravari Nigam Ltd (KNNL).
2009
- Appointed Dr. Bhimsen Pathak as additional Director effective March 27.
2010
- Received orders worth Rs. 141.5 crores.
- Signed agreement with Elmecon for development of SF6 RMU.
2011
- Signed collaboration agreement with M/s. DMW Corporation.
- Secured Rs. 100 crores orders from power sector.
- Received order worth Rs. 43 crores.
2012
- Secured Rs. 7.48 crores order for irrigation scheme.
- Secured breakthrough concrete volute pumps order.
- Secured Rs. 345.83 lakhs order from Nuclear Power Corporation India Ltd. (NPCIL).
- Secured Rs. 9.32 crores order from MEIL (Megha Engineering and Infrastructure Ltd.).
- Received Rs. 12.75 crores order in JV with Ranjit Buildcon Ltd. from Narmada Water Resources and Water Supply Department.
2013
- Secured Rs. 30.45 crores order for 70 MGD Sewage Pumping Station and irrigation schemes.
- Secured Rs. 19.59 crores order for irrigation schemes.
2014
- Secured largest hydro power order.
- Appointed Mr. Aswini Sahoo and Mr. Vijay Kumar Gulati as Additional Directors.
2015
- Won order worth Rs. 139 crores from DRN Infrastructure, Hubli, Karnataka.
- Secured order worth Rs. 1492 lakhs from Gujarat Energy Transmission Corporation Limited (GETCO).
2022
- Received order of Rs. 73.6 crores for design, engineering, manufacturing, testing and supply of large capacity vertical pumps.
2023
- Secured orders worth Rs. 1950 lakhs from JSIW Infrastructure Private Limited.
