Jay Jalaram Technologies Ltd.
KORE.NS
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- Jay Jalaram Technologies Ltd (NSE: KORE) operates as a multi-brand retailer specializing in smartphones, consumer durable electronics, electric vehicles, and related services. The company offers a comprehensive range of products including mobile handsets and accessories from brands such as Apple, Samsung, Vivo, and Xiaomi; consumer electronics like smart TVs, air conditioners, and refrigerators from TCL and Daikin; and electric bikes, primarily through its network of over 220 modern retail stores across India. Headquartered in Ahmedabad, Gujarat, the company was originally incorporated as Jay Jalaram Technologies Private Limited in January 2012 and converted to a public limited company in May 2022, with its shares listing on the NSE SME platform in September 2022. It primarily serves retail consumers in the computer and electronics retail sector, with a focus on the Indian market. In recent developments, Jay Jalaram Technologies completed the acquisition of a 59% stake in Hear More Techlife Private Limited during the financial year 2023-24, expanding its portfolio into additional technology-related offerings. The company launched an initial public offering (IPO) on the NSE Emerge platform in August 2022, raising funds for working capital requirements, general corporate purposes, and issue expenses, which bolstered its expansion plans. In August 2025, the board approved the purchase of an 8,250 square foot property in Ahmedabad for up to INR 10 crore from the chairman, subject to shareholder approval at the 14th AGM in September 2025, signaling strategic investments in real estate assets. These moves reflect ongoing efforts to strengthen operational infrastructure and market presence amid growing retail revenues exceeding INR 667 crore in FY2025.