J P M Group

J P M Group

Type	Public
Traded as	BSE: 513252 NSE: MINDAIND
ISIN	🆔
Industry	Automotive
Founded 📆	1 January 1986 (1986-01-01)
Founder 👔	JP Minda.
Headquarters 🏙️	, Gurgram, Haryana , India
Number of locations	16
Area served 🗺️	Worldwide
Key people	J P Minda (Chairman)
Products 📟	Automotive parts Material-handling equipments
Revenue🤑	₹63,767 crore (US$8.9 billion) (2020)
Operating income	₹2,654 crore (US$370 million) (2020)
Net income	₹1,237 crore (US$170 million) (2020)
Total assets	₹45,495 crore (US$6.3 billion) (2020)
Total equity	₹10,945 crore (US$1.5 billion) (2020)
Members
Number of employees	7000 (2021)
🌐 Website	jpmgroup.co.in
📇 Address
📞 telephone

JPM Group (JPM) was established in 1986. J P Minda Group is one of the leading original equipment manufacturer (OEM) in India, with focus on manufacturing of automotive parts of high quality, innovation and design at core and Alloy Wheels, LED Lights and E-Rickshaws as some of the latest ventures. It is now one of the leading tier 1 suppliers for all major OEM's present in India, including Maruti, Hyundai, Honda, Tata, Mahindra, Toyota, Renault - Nissan, Hero, Yamaha, Bajaj, Royal Enfield, Suzuki and Piaggio.

History

JPM Group was established in 1958 by Sh J.P. Minda and the inception of the group has been with manufacturing of automotive parts (electrical, mechanical and body parts), with Japanese and European collaborators. Over the last 60 years, the group has been successfully delivering custom- made OEM business, instrumentation, Automobiles and Automated Paint shops along with tailor- made automobile solutions to various clients.

Year	Events
1963	OEM Business with Hindustan Motors initiated as the good quality and timely delivery of consignments appreciated by the clients. Increase in number of clients and consignments.
1967	OEM business with Hindustan Motors began to capture market shares with increasing market opportunities. Commencement of OEM Business with Fiat and Bajaj Tempo.
1974	JPM Group placed among India’s preferred business houses while consolidating its market position.
1986	Entering into a Joint Venture with a Japanese company to deliver better quality driven products to all its clients. Jay Ushin company incorporated in the Group as a result of an Indo-Japanese venture banking seeing the significance of Indian manpower and Japanese technology.
1998	Inception of JPM Tools Ltd. A new plant of Jay Ushin Ltd . and ISO Certification awarded to Jay Ushin Ltd by TUV of Germany.
2001	Building on the success of Indo-Japanese ventures, JNS Instruments Limited was constituted as a Joint Venture with Nippon Seiki Co. Limited (Japan) to further procure various quality-driven automotive parts.
2002	JPM Automobiles, a new company was set up to procure standardized Die Casting parts.The Group diversified its scope beyond Automotive instruments & clusters.
2004	JPM Group companies, namely, Ju-Shin and JNS Instruments accredited with TS : 16949 standard.
2005	Anu Industries and Manesar Plant established to cater to an ever-growing market demand concerning Electrical, Electronic and Electromechanical automotive parts.
2006	The year saw one of JPM Group’s biggest expansions with setting up of Jay Ushin’s Manesar Plant and JPM Industries Limited (Formerly known as Jay Auto Components Ltd.) Components’ plant in Pune. They respectively catered to Automotive products and Automotive Assembly parts, among many other services.
2008	More Group Expansions: establishment of Khandsa Plant of JPM Industries Limited, JPM Group’s entry in the business of making batteries with the brand ‘Ace’ and establishment of JNS Instruments Limited’s Haridwar Plant
2009	Incorporation of Jay Ace Technologies Limited at Roorkee, establishment of Jay FE Cylinders Limited (in a Japanese collaboration of JFE Containers and Marubeni Automotive) and establishment of Jay Nikki Industries Limited (in a Japanese Joint Venture with Nikki Co. Limited and Marubeni Automotive).
2010	Setting up of JPM Industries Limited (Formerly known as Jay Auto Components Ltd.)’s Automated Paint Shop, JNJ Electronics’ SMT Production and incorporation of JPM Renewable Energy Limited to address and tap various market resources.
2011	Biggest Automotive plant designed for JPM Automobiles Limited at Chennai.
2012	Established Energy Meter Plant for JPM Industries Limited (Formerly known as Jay Auto Components Ltd.). Components, constituted by Jay Iber Private Limited in Technical Assistance with its Spanish Partner Iber Medior. Jay Ushin Limited’s Khandsa Plant also opened for operations.
2013	Jay Ushin Limited, Bengaluru Plant further its production of a multitude of Automotive parts for its clientele.
2015	Established JJFC Pvt Ltd in Delhi to manufacture Wheel Alloys and doing Pressure Die Casting, besides manufacturing of other electrical equipments for its clientele.
2016	Producing innovative technology of LEDs for a variety of home and commercial products. Also producing e- Rickshaws as an alternative to traditional auto-rickshaws.

Business portfolio

The Group of companies, with its 16 listed companies has been able to expand to a range of products under broad categories: Auto, Castings, Electronics& Energy, Tools & Dies and LED with clientale ranging from a wide range of two-wheeler and four-wheeler vehicle manufacturers to energy firms and PCB manufacturers. JPM Group has a state-of-the-Art, Research and Development wings to assimilate knowledge and produce innovative products through upgrading technologies in response to market requirements. It has focused on latest manufacturing processes systems and automation to produce products as per desired standards under strict monitoring controls. Some the leading companies and their products are :-- Jay U-shin: Locksets, Door Latch, HVAC, Switches -- JNS Instruments: Speedometers, Speed Sensors -- Jay Ace Technologies: Batteries (Automotive + Inverter+ Solar + E-Rickshaw) and E-Rickshaws (Brand: JAY) -- Jay FE Cylinders: CNG Cylinders -- Lizer Cylinders: Industrial Cylinders -- Jay Iber: Engine Parts (Aluminium Alloys) -- JJF Castings: Alloy Wheels -- Jay Auto Components: LED Lights, Energy Meters, Plastic Moulding Parts -- JNJ Electronics: Reverse Parking Sensors, PCB Assemblies -- JPM Tools: Moulds & Dies -- JPM Automobiles: Casting Parts (Zinc, Magnesium, Aluminium) -- JPM Renewable Energy: Solar Panels -- Jay Iron & Steel: Sponge Iron.

The Group has put in place standard Quality checks Departments to ensure quality of the product line which strictly complying with standards through effective reviews and follow ups. It is one of India’s leading manufacturers of automotive components and systems catering to almost every OEM in the country and to a number of international collaborators. The standards and manufacturing plants together have given best products in Automotive, Non-automotive, Energy and Steel sectors. Besides, infrastructure of latest manufacturing plants with in-house capabilities of 7000 employees has helped to provide fully integrated solutions in Designs, Build, Installation and Operations of different products.

Jay-UShin Limited company’s shares are listed with BSE Ltd. And the Company regularly submits it annual performance with audited financial statements for the year ended March 2020.

Geographical spread

The Group of companies has facilities to deliver various parts in cars and bikes for local environments and a large number of distributors and retailers in domestic arena. The most notable of them being the four Japanese mechanical heavyweights: Honda, Suzuki, Toyota and Yamaha besides Indian market leaders as Maruti Suzuki, Bajaj, Mahindra and Hero. Every 9 out of 10 cars in India roll out with a JPM Group product with an after-market network that consists of nearly 400 distributors. Ranging from a wide range of two-wheeler and four-wheeler vehicle manufacturers to energy firms and PCB manufacturers the clients are both local as well as countries like Spain, Iran, Nepal, Bangladesh, China, Korea, Japan, Indonesia and Thailand. Current turnover of this technology-driver group is $400 million, employing around 7,000 people across India. With 16 different companies under JPM Group, it has a total of 24 manufacturing units located within India. The group is growing at a rapid pace and is an industry leader in most parts manufactured by the group. The technical expertise collaborations have led to several collaborations with companies in Japan and Spain.

Awards & Certifications

ISO Certification awarded to Jay Ushin Ltd by TUV of Germany in 1998 JPM Group companies, viz., Ju-Shin and JNS Instrument to be accredited with TS: 16949 standard in 2004.

References

J P Minda Group retrieved on 22.03.21 http://www.findglocal.com/IN/Gurugram/250893888575431/J-P-MINDA-Group All Group of Companies, official website http://jpmgroup.co.in/ retrieved on 22.03.21 Businesses, official website http://jpmgroup.co.in/ retrieved on 22.03.21 Collaborators, official website, http://jpmgroup.co.in/Collaborators.htm retrieved on 22.03.21. Jay-Ushin Limited, official JPM Group Website http://jpmgroup.co.in/jay%20ushin.htm retrieved on 23.03.21 JPM Tools Ltd. Official JPM Group website http://jpmgroup.co.in/JPM%20Tools.htm, retrieved on 23.03.21

JPM Automobiles, Official JPM Group website, http://jpmgroup.co.in/JPM%20Automobiles.htm retrieved on 23.03.21. Jay Iber Pvt Limited, official JPM Group Website, http://jpmgroup.co.in/Jay%20Iber.htm retrieved on 23.03.2021 JNS Instruments Limited, official JPM website http://jpmgroup.co.in/JNS%20Instruments.htm retrieved on 23.03.21 Jay-UShin Limited, 34th Annual Report for FY 2019-20, http://jpmgroup.co.in/document/Jay%20Ushin%20Annual%20Report%202020.pdf retrieved on 22.03.21

External links

Maharashtra Industries Directory retrieved on 22.03.21, https://www.maharashtradirectory.com/companyinfo/jp-minda-group-company-other-than-maharashtra-54413.html

Business leaders https://www.marketscreener.com/business-leaders/Jaideo-Prasad-Minda-094QM9-E/biography/

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