148 SURVEY OF CEMENT INDUSTRY & DIRECTORY 2017 | 5 th EDITION Labour & Industrial Chronicle SPECIAL CORPORATE FEATURE The Delhi based JK Organisation is a multinational group with a heritage of more than 125 years, turnover of US $ 4 billion and employees’ strength of 40,000 plus. The JK Group was founded in 1918 and the name ‘JK’ was derived from the initials of the two founders - Seth Juggilal Singahania (1857–1922) and his son - Kamlapat Singahania (1884–1937). Bharat Hari Singhania, 78, has been presiding over the Group as President since February 2015. He succeeded late Hari Shankar Singhania, and Gaur Hari Singhania, who passed away on February 22, 2013, and February 4, 2015, respectively. JK Agri Genetics Limited, JK Fenner (India) Limited, JK Lakshmi Cement Limited, JK Paper Limited, JK Tyres & Industries Limited, Umang Dairies Limited, and Global Strategic Technologies Limited, are some of the leading companies of JK Organisation. These companies manufacture a wide range of products, which include: cement, dairy products, hybrid seeds, paper, tyres, power transmission systems, V-belts, solutions in select defence areas, etc. JK Group’s products have a strong brand recall and enjoy a significant market share in their respective segments. Group’s Cement Business JK Group entered into cement business in 1982 through Straw Products Limited by setting up a 0.5 million tonnes per annum (MTPA) capacity cement plant known as “Lakshmi Cement” in the then “zero industry” district of Sirohi in Rajasthan. In June 1994, Company’s name was changed to JK Corp Limited and further changed to its present name JK Lakshmi Cement has an enhanced capacity of 11 MTPA. Further with the addition of 1.6 MTPA of its subsidiary - Udaipur Cement Works, its total cement capacity goes upto to 12.60 MTPA. With this, the company has become the 11 th largest cement producer in India. In 2016, JK Lakshmi Cement had a CAGR return of 39.4 per cent and stood the second among the 14 leading cement companies in the country, while Shree Cement was No 1 with a CAGR return of 55.5 per cent. JK LAKSHMI CEMENT Scaling to New Heights
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148 SURVEY OF CEMENT INDUSTRY & DIRECTORY 2017 | 5th EDITIONLabour & Industrial Chronicle
SPECIAL CORPORATE FEATURE
The Delhi based JK Organisation is a multinational group with a heritage of more than 125 years, turnover of US $ 4 billion and employees’ strength of 40,000 plus. The JK Group was founded in 1918 and the name ‘JK’ was derived from the initials of the two founders - Seth Juggilal Singahania (1857–1922) and his son - Kamlapat Singahania (1884–1937). Bharat Hari Singhania, 78, has been presiding over the Group as President since February 2015. He succeeded late Hari Shankar Singhania, and Gaur Hari Singhania, who passed away on
February 22, 2013, and February 4, 2015, respectively.
JK Agri Genetics Limited, JK Fenner (India) Limited, JK Lakshmi Cement Limited, JK Paper Limited, JK Tyres & Industries Limited, Umang Dairies Limited, and Global Strategic Technologies Limited, are some of the leading companies of JK Organisation. These companies manufacture a wide range of products, which include: cement, dairy products, hybrid seeds, paper, tyres, power transmission systems, V-belts, solutions in select defence areas, etc. JK Group’s
products have a strong brand recall and enjoy a significant market share in their respective segments.
Group’s Cement BusinessJK Group entered into cement business in 1982 through Straw Products Limited by setting up a 0.5 million tonnes per annum (MTPA) capacity cement plant known as “Lakshmi Cement” in the then “zero industry” district of Sirohi in Rajasthan. In June 1994, Company’s name was changed to JK Corp Limited and further changed to its present name
JK Lakshmi Cement has an enhanced capacity of 11 MTPA. Further with the addition of 1.6 MTPA of its subsidiary - Udaipur Cement Works, its total cement capacity goes upto to 12.60 MTPA. With this, the company has become the 11th largest cement producer in India.In 2016, JK Lakshmi Cement had a CAGR return of 39.4 per cent and stood the second among the 14 leading cement companies in the country, while Shree Cement was No 1 with a CAGR return of 55.5 per cent.
JK LAKSHMI CEMENT
Scaling to New Heights
149 SURVEY OF CEMENT INDUSTRY & DIRECTORY 2017 | 5th EDITIONLabour & Industrial Chronicle
SPECIAL CORPORATE FEATURE
- JK Lakshmi Cement Limited since October 2005 to make it a pure cement company.
In the last 12 years, from 2005 to 2017, the JK Lakshmi Cement Limited (JKLC) has emerged as a leading player in the Indian cement industry. Now it has five cement plants in operation with an aggregate clinker capacity of 6.60 MTPA and cement capacity of 11 MTPA. It also owns a subsidiary - Udaipur Cement Works Limited (UCWL), which has a clinker capacity of 1.24 MTPA and cement capacity of 1.60 MTPA. With the addition of UCWL, the company’s total clinker capacity goes up to 7.84 MTPA and
cement capacity to 12.60 MTPA, which makes JK Lakshmi Cement the 11th largest cement producer in the country.
Besides the cement, the company also manufactures Ready Mix Concrete (RMC); Plaster of Paris (POP); and Autoclaved Aerated Concrete (AAC) Blocks. In addition, it has a coal based thermal power plant of 54 MW; waste heat recovery system (WHRS) of 15 MW; and solar energy of 6 MW in Rajasthan.
Today the promoters and promoters group hold a stake of 45.94 per cent in JK Lakshmi Cement. Of the
remaining stake of 54.06 per cent, the FIIs and Banks hold 10.34 per cent; the Mutual Funds hold 15.86 percent; the Insurance Companies hold 7.27 per cent and the public – 20.59 per cent. Now JK Lakshmi Cement is a blue chip company with an annual turnover of about Rs. 3000 crore.
JKLC ManagementJK Lakshmi Cement is managed by a 10 member Board of Directors, comprising four executive directors and six non executive directors. The four executive directors include: Bharat Hari Singhania, Chairman & Managing Director; Mrs. Vinita Singhania, Vice Chairman cum Managing Director; Dr Shailendra Chouksey, Whole Time Director; and Sushil Kumar Wali, also Whole Time Director.
A team of key professional managers take care of the company’s day to day operations and it includes: SA Bidkar, Chief Financial Officer; Brijesh K Daga, Vice President & Company Secretary; Sumit Malhotra, Chief Executive – Marketing; Sunil Agrawal, Sr Vice President – Marketing; RR Gupta, Sr Vice President of A&C; S Ramesh, Sr Vice President – Materials; Dr Tapomoy Deb, Vice President – HR; and Amit Mukherjee, Head – Corporate Communications.
Cement PlantsAt present, JK Lakshmi has five cement plants, comprising two integrated plants and three grinding units. The two integrated plants are located at Sirohi in Rajasthan and Durg in Chhattisgarh. Of the three
Bharat Hari Singhania, Chairman & MDAn industrialist with about five decades of experience, Bharat Hari Singhania, 78, is associated with the JK Group’s various companies in different capacities. He has been the Managing Director of JK Tyre & Industries Limited since October 2006. He is also Chairman of JK Paper Limited, JK Lakshmi Cement Limited, and also on the board of Group’s other companies.
Bharat Hari Singhania became the Chairman & Managing Director of JK Lakshmi Cement Limited on May 29, 2013. Earlier he served this company as its Vice Chairman & Managing Director. He has
overall responsibility of strategic management and long term developmental activities of the company, besides corporate governance and board co- ordination.
Bharat Hari served the industrial organizations like Indian Chamber of Commerce (ICC) as President; and Indian Jute Mills Association (IJMA) as Chairman. He also headed the Indian Jute Industries Research Association (IJIRA), and represented on various government committees as well as participated in several overseas delegations.
