Jai Balaji Industries Ltd
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Jai Balaji Industries Ltd - overview
Established
1999
Location
Kolkata, West Bengal, India
Primary Industry
Materials
About
Jai Balaji Industries Ltd is a prominent manufacturer specializing in high-quality steel and iron products essential for diverse construction and industrial applications. Founded in 1999 and headquartered in Kolkata, India, Jai Balaji Industries Ltd focuses on steel and iron manufacturing. The company was established to cater to the growing demands of the construction industry. In 2023, it completed a PIPE funding round, raising INR 2732.
50 mn, with notable investors including Citi Venture Capital International and India Equity Partners. Jai Balaji Group specializes in producing various steel and iron products, including long steel products like rebars and wire rods, which are crucial for construction and infrastructure projects. Their offerings are designed for both residential and commercial applications, ensuring the efficiency and durability of structures. The company serves a diverse customer base spanning construction firms, infrastructure developers, and industrial manufacturers, primarily in India and select international markets.
In the fiscal year 2024, Jai Balaji Industries Ltd reported revenue of INR 774,787,802. 50 and an EBITDA of INR 134,271,969. 40. The company's revenue model revolves around direct sales to businesses and contractors, focusing on fulfilling bulk orders through contracts that define delivery and payment terms.
Looking ahead, Jai Balaji Industries Ltd plans to leverage its recent funding of USD 25 million, acquired from Ethos and Norfund in February 2023, to expand its product offerings and explore new markets. The company is designing new steel products aimed at enhancing their engineering applications. Additionally, Jai Balaji Industries is targeting expansion into international markets to increase its footprint, with specific plans to penetrate select regions by 2025.
Current Investors
Citi Venture Capital International, India Equity Partners
Primary Industry
Materials
Sub Industries
Steel & Metals
Website
www.jaibalajigroup.com
Verticals
Manufacturing
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only
Jai Balaji Industries Ltd - timeline of key events
Jai Balaji Industries Ltd - financials
| Fiscal Year Ended | Dec 18, 2007 | Dec 18, 2008 | Dec 18, 2009 | Dec 18, 2010 | Dec 18, 2011 | Jun 30, 2012 | Mar 31, 2013 | Mar 31, 2014 | Mar 31, 2015 | Mar 31, 2016 | Mar 31, 2017 | Mar 31, 2018 | Mar 31, 2019 | Mar 31, 2020 | Mar 31, 2021 | Mar 31, 2022 | Mar 31, 2023 | Mar 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 10,730,000,000 | - | - | - | - | 29,558,315,000 | 15,448,375,000 | 19,717,586,000 | 15,056,723,000 | 12,201,353,000 | 17,019,092,000 | 24,250,587,000 | 30,774,676,000 | 29,123,022,000 | 27,851,818,000 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | - | - | - | - | - | (23.6%) | (19.0%) | 39.5% | 42.5% | 26.9% | (5.4%) | (4.4%) | - | - | - |
| EBITDA (USD) | - | - | - | - | - | 552,809,000 | (714,857,000) | 318,806,000 | (165,535,000) | (1,586,437,000) | (956,866,000) | (1,172,428,000) | 512,822,000 | 787,641,000 | 1,043,259,000 | - | - | - |
| Operating Income (USD) | - | - | - | - | - | (884,325,000) | (1,633,349,000) | (1,114,619,000) | (1,506,227,000) | (2,808,681,000) | (2,132,596,000) | (2,246,026,000) | (503,258,000) | (180,222,000) | 103,310,000 | - | - | - |
| Operating Margin | - | - | - | - | - | (3.0%) | (10.6%) | (5.7%) | (10.0%) | (23.0%) | (12.5%) | (9.3%) | (1.6%) | (0.6%) | 0.4% | - | - | - |
| % EBITDA Margin | - | - | - | - | - | 1.9% | (4.6%) | 1.6% | (1.1%) | (13.0%) | (5.6%) | (4.8%) | 1.7% | 2.7% | 3.7% | - | - | - |
| NET Income (USD) | 620,000,000 | - | - | - | - | (2,826,446,000) | (2,235,217,000) | (3,331,810,000) | (4,061,319,000) | (6,898,037,000) | (2,379,252,000) | (2,566,635,000) | (1,536,803,000) | (1,143,394,000) | (758,220,000) | - | - | - |
| % Net Margin | 5.8% | - | - | - | - | (9.6%) | (14.5%) | (16.9%) | (27.0%) | (56.5%) | (14.0%) | (10.6%) | (5.0%) | (3.9%) | (2.7%) | - | - | - |
Jai Balaji Industries Ltd - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Debt | Completed | Jai Balaji Industries Ltd | - | ||||||||
| PIPE | Completed | Jai Balaji Industries Ltd | - |
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Jai Balaji Industries Ltd - employee data
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