- Business
- Jindal Poly Investment and Finance Company Limited (JPOLYINVST.NS), a core investment company registered as a non-systematically important non-deposit taking non-banking financial corporation with the Reserve Bank of India, primarily engages in acquiring, subscribing for, and holding equity shares, bonds, debentures, stocks, securities, and units in group companies and mutual funds; it maintains at least 90% of its net assets in group entities with a minimum 60% in equity form, while limiting external investments to short-term money market instruments, and derives revenue predominantly from dividends and capital appreciation, with major exposure in the power sector through subsidiaries and associates including Jindal India Powertech Limited, Jindal India RE Limited, Jindal India Renewables Energy Ltd., Xeta Properties Private Limited, Jindal Operation & Maintenance Ltd., and Mandakini Exploration and Mining Ltd. Incorporated on July 11, 2012, and headquartered at 19th KM, Hapur-Bulandshahr Road, PO Gulaothi, District Bulandshahr, India, the company operates solely within India and lists its shares on the National Stock Exchange and BSE Limited. Recent developments include the appointment of Bhuwan Singh Taragi as Company Secretary and Compliance Officer effective October 16, 2025; consolidated net profit of Rs 57.54 crore for the September 2025 quarter, down 58.84% year-over-year amid net sales of Rs 19.11 crore; Jindal India Powertech Limited transitioning to associate status effective March 23, 2023; and a board meeting scheduled for February 11, 2025, to approve unaudited standalone and consolidated financial results for the quarter and nine months ended December 31, 2024.