Company Overview
JTL Industries Limited (formerly known as JTL Infra Limited) is the flagship company of the Jagan Group of Companies, with its corporate office located in Chandigarh and four plants located pan – India.
Since its inception in 1991, JTL Industries Limited has grown from a manufacturer of ERW Black Pipes to a producer of value-added products such as galvanized steel pipes, solar module mounting structures, and large diameter steel tubes & pipes.
With four state-of-the-art facilities, JTL Industries Limited has a total manufacturing capacity of 5,86,000 MTPA, serving PAN India and over 20 countries across five continents.
We have a vast product range of 1000+ SKUs, a dedicated workforce of 600+ skilled employees, and a network of over 800 dealers and distributors. The company has been recognized as a Star Export House by the Government of India, and is ISO 9001:2015 certified, demonstrating its adherence to strict manufacturing and commercial procedures.
Our Vision
To provide customers the most compelling products, while creating a value led sustainable business. JTL Industries Limited (JTL) is committed to strengthening technical expertise and working proactively with customers to develop innovative products with only the highest quality adherence.
Our Mission
- To be among India’s top five steel tube manufacturers
- To create sustainable value for all stakeholders
- To involve all the employees in the company’s overall development
- To emerge as a quality manufacturer of the entire spectrum of the steel tubes
- To adopt sustainable environment friendly procedures and practices.
Our Journey
JTL Industries Limited has been in business since 1991 and has grown to become one of India’s top five steel tube manufacturers with a commitment to sustainable and environmentally friendly practices.
Incorporated by the name of Jagan Tubes Private Limited.
It commissioned manufacturing of ERW black pipes.
Enlisted as a public limited company as Jagan Tubes Limited.
Company got listed on OTC Exchange of India (OTCEI)
Entered into value added product – Galvanized Tubes
Company changed its name to JTL Infra Limited.
Got listed on Bombay Stock Exchange (BSE).
Commissioned state-of-the-art facility with the capacity of 1,00,000 MTPA in Mangaon, Maharashtra.
Acquired all movable and immovable assets of promoter group entity, Jagan Industries limited.
Merger of Chetan Industries limited with JTL Industries limited
Company got listed on NSE with effect from December 23, 2021 Commenced operation of expanded capacity at Mangaon, Maharashtra. Changed its name to JTL Industries Limited from JTL Infra Limited
50,000 MTPA commenced at Mandi plant from January, 2023.
Remaining 50,000 MTPA to be commenced by the end of FY23.
Message From the Managing Director's Desk.
I feel incredibly fortunate to be a member of this outstanding organisation. We have been in business successfully for over 3 decades and are a dominant player in the structural steel tubes and pipes market. We have always made an effort to seize opportunities when they arise and increase our potential. We at JTL have been successful in expanding our footprints globally with our client-centric 1,000+ SKUs. Our competitiveness, manufacturing prowess and focus on exceptional governance have aided us to reach a capacity of 6,00,000 MTPA while increasing our presence to over 5 continents and with 800+ distributors in the domestic market. JTL registered record sales during the 2022-2023 period and we continue to move in the same direction and scaling new benchmarks in sales volume. The Q4 FY23 has witnessed the highest-ever sales volume of over 80,000 MT taking the annual sales volume to a record number of 2,40,000 MT. To further enhance and expand our manufacturing capacity, we announced a merger with Chetan Industries Limited and implemented backward integration to optimise business operations and profitability. This will assist us in several business areas, including effective inventory management and the purchase of raw materials. JTL shall have an additional capacity of 200,000 MTPA by the end of FY24.
We aim to expand our manufacturing facilities to 10 Lakh MT and enhance existing facilities with DFT, allowing the company to produce any customized size of the hollow section without roll change.
FY23 has been a remarkable year for our company, with impressive growth and promising potential for the future. Our sales reached an all-time high of Rs. 15,550 million, indicating strong demand and market penetration. This growth is further highlighted by the increase in EBITDA, which rose from Rs. 894.01 million to Rs. 1293.00 million. Our EBITDA margins expanded from 6.60% to 8.35%, indicating improved operational efficiency and profitability. Our profitability also soared, as our PAT increased to Rs. 901.81 million from Rs. 130.21 million, with margins expanding to 7.23% from 5.60%. These positive financial outcomes are a testament to our strategic focus and successful execution.
Looking ahead, we are confident that this success marks only the initial stage of our growth journey. Several factors are poised to fuel our expansion, including the growing utilization of structural steel in the construction industry, extensive infrastructure investments by the government, and the rapid development of warehouses, airports, high-rise buildings, and other infrastructure projects.
At JTL, we remain fully committed to our growth strategy, which has been the foundation of our achievements thus far. As we mSove forward, we will continue to seize new opportunities, innovate, and serve our customers with the highest level of excellence.
On behalf of the board and management of JTL, I extend my sincere gratitude to all our stakeholders for their unwavering support and loyalty. Together, we will continue to excel and reach new heights on this remarkable journey. Thank you for being a part of our success story.”
Our Strengths
- JTL Industries Limited manages its inventory and working capital effectively, ensuring that they remain within a range that allows us to transfer the impact of fluctuations in raw material prices to our customers easily.
- Our export mix comprises both value-added products and commercial grade products, with the former contributing to approximately 90% of our export sales volume. This strategy enables us to earn high revenue and margins.
- The completion of the amalgamation between JTL Industries Limited and Chetan Industries Limited provides us with several advantages, including backward integration, proximity to the source of raw materials, and cost synergies.
- All of our manufacturing plants are capable of producing value-added products, which will further enhance our EBITDA and EBITDA Margins.
- We take pride in serving a diverse clientele, including B2B, B2G, OEMs, and international markets. By not concentrating on any one sector, we minimize our exposure and risks.
Supplier Diversity
At JTL Industries Limited, we are committed to promoting diversity within our organization and among our suppliers. Our aim is to become a top manufacturer of Black Galvanized Pipes by fostering a diverse supplier base.
To achieve this, we have implemented a Supplier Diversity Program that focuses on developing a competitive and diverse supplier portfolio. We strive to create an environment that encourages and provides procurement opportunities to diverse suppliers.
Our Supplier Diversity Program is designed to enhance our corporate supply chain, increase our competitive advantage, and improve visibility while remaining committed to our business objectives of safety, ethics, customer service, environmental compliance, quality, and cost.
Our Customers
At JTL Industries Limited, we are committed to providing total customer satisfaction. Our employees are dedicated to this goal, and we take every effort to exceed our customers’ expectations by producing innovative and high-quality products, delivering them on time, offering competitive prices, and providing excellent after-sales service.
We value our clients and recognize their significant contribution to our success. Therefore, we are always eager to understand their needs and address any challenges they may face to better serve them.
Our relentless pursuit of quality has helped us establish a strong presence in both domestic and overseas markets, with many prestigious clients in the government and private sectors. Our products are supplied to buyers across the globe, including South East Asia, the Middle East, Africa, South America, and Europe.
