Incorporated in 1960 to manufacture paper and paper board of various kinds, Jayant Paper Mills (JPML) came out with its maiden issue in 1961. The company was promoted by Hargovinddas Ramjibhai Mehta and the late B P Shah. The company manufactures newsprint, a wide range of industrial paper board like duplex board, unbleached board, craft board, chip board, etc, and packaging products like multi-wall paper bags, at its two manufacturing plants in Utran and Ankleshwar, both in Gujarat. Newsprint - an import subsitute product - is supplied to eminent dailies of Gujarat, Rajasthan, Maharashtra and Madhya Pradesh. The company came out with a rights issue in Dec.'95 to part-finance the expansion programme to put up an additional capacity of 26,400 mtpa of newsprint/writing and printing paper at Kuvarda (Surat district), Gujarat. Jayant Pack (Gujarat), a subsidiary set up to manufacture a variety of packing products, is yet to commence operations.