- Business
- Jai Corp Limited (JAICORPLTD.BO) engages primarily in plastic processing and manufacturing businesses, including steel products, polypropylene woven sacks and fabrics, flexible intermediate bulk containers, spinning yarn for knitting and weaving applications in apparel, home furnishings, carpets, and industrial uses; recycled polyester staple fiber; and masterbatches. The company also provides investment advisory services and develops land and buildings for infrastructure, special economic zones, real estate, and related ventures. Incorporated in 1985 and headquartered in Mumbai, India, Jai Corp operates across India with international exports to markets including the United States, United Kingdom, Canada, and Australia, serving industrial, packaging, and textile sectors.
In recent developments, a subsidiary of its urban infrastructure arm, Dronagiri Infrastructure Private Limited, divested a 74% stake in Navi Mumbai IIA Private Limited for ₹1,628.03 crore in early 2024, marking a significant monetization of real estate and infrastructure assets. The company completed an equity share buyback of 2.94 million shares at ₹400 per share in September 2024, with promoters tendering 1.95 million shares. Recent board actions in 2025 include addressing stock exchange fines for compliance issues, approving unaudited financial results for quarters ended September 30, 2025, and ongoing reductions in debt to near debt-free status.