Jain Resource Recycling Ltd (MAINBOARD)

Company Financials

Summary of Jain Resource Recycling Limited

1. Corporate History & Structure:

• Origin: Originally founded in 1953 as a partnership firm named Jain Metal Rolling Mills.

• Reformation: The business was reformed in 1993.

• Incorporation: Incorporated as a private limited company under its current name, Jain Resource Recycling Limited, on February 25, 2022.

• Subsidiary: Operates a subsidiary, JIGV, which launched a gold refining facility in Sharjah, UAE (SAIF Zone) on August 19, 2024.

2. Core Business & Products:

• Specialization: Recycling and production of non-ferrous metals.

• Key Product Lines:

  • Lead and lead alloy ingots

  • Copper and copper ingots

  • Aluminium and aluminium alloys

• Raw Materials: Processes various types of metal scrap (e.g., copper birch/druid, lead radio/relay, aluminium tread/talon).

3. Operations & Facilities:

• Recycling Plants: Operates three recycling facilities located in the SIPCOT Industrial Estate, Gummidipoondi, Chennai.

• International Expansion: Recently expanded with a gold refining facility in the Sharjah Airport International Free Zone (SAIF), UAE.

4. Clients & Markets:

• Key Sectors Served: Lead-acid batteries, electrical & electronics, pigments, and the automotive industry.

• Notable Clients: Include Vedanta-Sterlite Copper, Luminous Power Technologies, Yash Resources, Mitsubishi Corporation RtM Japan, and Nissan Trading Co.

• Global Reach: Strong presence in international markets including Singapore, China, Japan, and South Korea.

• Export Revenue: Exports are a major revenue driver, accounting for over 50% of total revenue in Fiscal 2022, 2023, 2024, and the six-month period ending September 30, 2024.

5. Workforce:

• As of January 31, 2025, the company has 403 permanent employees.

Jain Resource Recycling Limited's IPO Objectives

Pre-payment or Scheduled Repayment of Borrowings

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