J. K. Organisation

The J. K. Organisation is an Indian industrial conglomerate, with headquarters in Delhi, Kanpur and Mumbai. It is run by the Singhania family, which rose to prominence in Kanpur, India, under Lala Kamlapat Singhania. The name JK is derived from the initials of Kamlapat and his father Seth Juggilal (1857–1922), who belonged to the family associated with the Marwari firm Sevaram Ramrikhdas of Mirzapur.[1] The JK Group was founded in 1918.[2]

J. K. Organisation
Industrycement, tyre, paper, Software, FMCG ,Dairy products
Founded1918 (1918)
FounderLala Juggilal Singhania & Lala Kamlapat Singhania
HeadquartersNew Delhi
Kanpur
Mumbai
Key people
Bharat Hari Singhania
(President)
ProductsCement, Tyre, Paper, Software, Dairy products, Seeds, Engineering equipment
Revenue₹32,000 crore (US$4.0 billion)
Number of employees
40,000
Subsidiaries
  • JK Tyre & industries
  • JK Lakshmi cement
  • JK Paper
  • JK Fenner
  • JK Agri Genetics(JK seeds)
  • CliniRx Research
  • Delopt
Websitewww.jkorg.in

History

The group rose in importance in the 1950s to 1980s, when it was the third-largest industrial conglomerate in India after the Birla and Tata conglomerates. The group has multi-business, multi-product, and multi-location operations, with interests in many countries. It has overseas manufacturing operations in Mexico, Indonesia, Romania, Belgium, Portugal, the UAE, and Switzerland. The organization also includes research and development institutes in various fields.[3] The family is currently divided into three main groups headed by Dr. Gaur Hari Singhania based in Kanpur, Shri Hari Shankar Singhania based in Delhi and Shri Vijaypat Singhania based in Mumbai. The three men are cousins who now run independent businesses,[4][5] which are technically and legally separate entities and have no cross-holdings or common directors and employees, sharing only the family history.[6]

References
  1. Timberg, Thomas A. (22 May 2015). The Marwaris: From Jagat Seth to the Birlas. Penguin UK. ISBN 9789351187134 – via Google Books.
  2. Mahapatro, B. B. (1993). Industrial Wage Regulation in Orissa. Mittal Publications. p. 108. ISBN 978-81-7099-474-9.
  3. "Group Profile". www.jkorg.in. Retrieved 12 June 2023.
  4. Singhania vs Singhania: what went wrong?
  5. "The Marwari business model-I - Business Line". www.thehindubusinessline.com. Archived from the original on 11 April 2013.
  6. Chitravanshi, Ruchika (22 January 2020). "A brand of many firsts, the JK Group trying to live up to its legacy". Business Standard India. Retrieved 30 October 2020.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.