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J. K. Investo Trade (India) Ltd.

BSE: 506515 Sector: Financials
NSE: N.A. ISIN Code: INE361G01015
BSE 05:30 | 01 Jan J. K. Investo Trade (India) Ltd
NSE 05:30 | 01 Jan J. K. Investo Trade (India) Ltd

J. K. Investo Trade (India) Ltd. (JKINVESTOTR) - Company History

Promoted by Vijaypat Singhania, JK Chemicals (JKC) is the manufacturer of the Kamasutra brand luxury condoms. JK Helen Curtis, the leading manufacturer of cosmetics and toiletries preparations, is the company's subsidiary. The company set up its Rs 15-cr manufacturing unit in technical collaboration with Shinheng Corporation, South Korea, with an installed capacity of 300 mln pieces pa. Besides condoms, the company also manufactures sodium hydrosulphite, formaldehyde, caustic soda, liquid chlorine, hydrochloric acid, sulphur dioxide, zinc chloride and zinc oxide. JKC launched the new brand revitalizer Nirvana, which was well received in the market. The company now plans to enter into a sub-contracting arrangement with a local manufacturing unit and piggy-back on its under-utilised distribution network, which it had created to market KS. The domination of imported condoms in the Indian market has prompted the company to introduce premier import-substitute brands like Hawaiian Holiday, Waikiki Wonder, Swiss Kiss, Latin Lover, French Feeling and Pussy Cat. In order to meet global quality standards, the company is actively seeking a strategic alliance with a world major. In the year 1996-97, the company has entered into a joint venture with a world major in condoms, Ansell International, a division of Pacific Dunlop Ltd of Australia. The joint venture agreement envisages the formation of a separate company, viz. J.K Condoms Pvt. Ltd. and J K Chemicals Ltd and Pacific Dunlop Ltd will each hold 50% of the equity capital of the new company. During the year 1997-98, pursuant to the scheme of arrangement under sec 391 and sec 394 of the companies act 1956, the assets and liabilities of the condom division have been transferred to J K Ansell Ltd. The company has become an investment company and has also been registered as a non-banking financial company with Reserve Bank of India and the company has earned substantial income.