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Just Dial Ltd.

BSE: 535648 Sector: Others
NSE: JUSTDIAL ISIN Code: INE599M01018
BSE 00:00 | 27 Sep 986.35 -3.05
(-0.31%)
OPEN

989.40

HIGH

990.00

LOW

984.80

NSE 00:00 | 27 Sep 986.30 -3.15
(-0.32%)
OPEN

990.00

HIGH

991.00

LOW

984.15

OPEN 989.40
PREVIOUS CLOSE 989.40
VOLUME 22013
52-Week high 1138.00
52-Week low 333.05
P/E 64.72
Mkt Cap.(Rs cr) 8,241
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 989.40
CLOSE 989.40
VOLUME 22013
52-Week high 1138.00
52-Week low 333.05
P/E 64.72
Mkt Cap.(Rs cr) 8,241
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Just Dial Ltd. (JUSTDIAL) - Company History

Just Dial Limited is a pioneer in the pan-India search business. It offers a host of local search-related services and software to users in India through multiple platforms such as Desktop/ PC website (https://www.justdial.com) mobile site (https://t.justdial.com) mobile apps (Android iOS Windows) over the telephone (voice pan-India number: 88888-88888) and text (SMS. Just Dial's JD Omni platform is an end-to-end business management solution for its SME partners. This platform goes beyond providing visibility to SMEs and enables them to ramp up their online presence via their own website and mobile website and drive efficiencies across their businesses. Additionally the company also provides digital payments solutions via its JD Pay platform for both users as well as SME partners. Though it offers a vast bouquet of offerings to its users and SMEs search remains the core business of the company. JD Social - the social media platform of the company enables users to chat view friends' ratings and reviews and get curated content and information on business trends from top sources. MSMEs listed on Just Dial get higher visibility through this platform.The Company has 3972 employees in telesales 1480 feet-on-street (marketing) 3924 feet-on-street (Just Dial Ambassadors (JDAs) cold calling) sales force selling to SMEs. Its robust manpower network deployed across over 250 cities covers more than 11000 pin codes in India.Just Dial Limited was incorporated in India with limited liability by shares on December 20 1993. Just Dial's shareholders offloaded a total of 17497458 equity shares of the company through an initial public offer during the period from 20 to 22 May 2013. The IPO was priced at Rs 530 per share. There was no fresh issue of shares by the company. During the financial year ended 31 March 2014 the company continued with its focus on adding new services and expanding its SME base to a large number of vendors.During the financial year ended 31 March 2015 the company continued with its focus on adding new services and expanding its SME base to a large number of vendors. J.D. International Pte. Ltd. Singapore was incorporated as a wholly owned subsidiary of the company with effect from September 10 2015.During the financial year ended 31 March 2016 (FY 2015-16) Just Dial bought back 1061499 equity shares of Rs 10/- each at a price of Rs 1550/- per equity shares for cash aggregating to Rs 1645323450/- on proportionate basis. During the year under review the company continued with its focus on adding new services and expending its SME base to a large number of vendors. During the year under review Just Dial launched a new service called JD Omni' to help small business manage their online and offline sales. JD Omni is a plug and play; cloud-based solution which can be accessed over cell phones and allows controlling and monitoring capabilities to business owners via a dashboard. The product allows small businesses to manage their inventory billing and third party logistics. The product also allows businesses to integrate bar code and QR code systems. This new service will provide platform to SMEs where they can transact online as well as offline. The total listings on its platform rose by 9% from 15 million in FY 2014-15 to 16.3 million listings in FY 2015-16 and these establishments enjoy access to users and potential buyers.The demerger i.e. transfer and vesting of the Data & Information Undertaking of Just Dial Global Private Limited into Just Dial Limited as per the Scheme of Arrangement between Just Dial Limited and Just Dial Global Private Limited and their respective shareholders and creditors was approved by the National Company Law Tribunal on March 22 2017. During the year ended 31 March 2017 total listings on its platforms rose 9.5% to 17.9 million as on March 31 2017 over as on March 31 2016. During the year under review the company continued with its efforts to revive the core business by strengthening team aggressive marketing adding new services and growing paid campaigns. In FY 2016-17 the Company had undergone a rationalization exercise in various non-core departments and continues to review the performance of its sales force especially those who consistently do not meet their targets.In September 2017 Just Dial completed buy-back of 2241000 equity shares at an average price of Rs 374.18 per equity share aggregating to Rs 83.85 crore. During the financial year ended 31 March 2018 pursuant to order passed by National Company Law Tribunal on March 22 2017 in respect of Scheme of Arrangement between the company and Just Dial Global Private Limited the company issued and allotted 1125068 preference shares of Rs 1/- each to the shareholders of Just Dial Global Private Limited.During the year ended 31 March 2018 total listings on its platforms rose 21.7% to 21.8 million on the back of continued awareness about the company's offerings. Paid listings grew by 2.2% to 445110 at the end of the year. Number of quarterly average unique visitors grew by 32.8% during the year to 106.2 million (this number is average of quarterly unique users for the 4 quarters of FY18 compared to FY17). During the year under review the company continued with its efforts to revive the core business by strengthening its products aggressive marketing adding new services and growing paid campaigns.During the year 2019 the Company completed Buy-back of 2750000 equity shares of Rs. 10/- each on a proportionate basis through the tender offer at a price of Rs. 800/- per equity share aggregating to Rs. 220 Crore.During the year 2019 the Company revamped the design of its mobile platforms to make them more customer-friendly easy to navigate and aesthetically appealing. It launched JD Social News/Live TV and Chat messenger offerings on its mobile properties to increase user engagement.The Company has two subsidiaries as on March 31 2019 viz. Just Dial Inc. USA and JD International Pte. Ltd. During the FY2020 the Company has acquired 100% shares of MYJD Private Limited by way of purchasing the said equity shares from its existing shareholders Mr. V.S.S. Mani and Ms. Anita Mani thereby resulting in the entity becoming a wholly owned subsidiary of the Company. Further MYJD Private Limited has not yet started its operations.As on 31 March 2020the company has 3 subsidiary companies under its roof.The operations of the company were impacted due to shutdown of offices following the national lockdown imposed by the Government of India to contain the spread of COVID-19 pandemic.The company has resumed operations in a phased manner as per the directives from the Government authorities.The Board of Directors at their meeting on 30 April 2020approved a proposal to buy-back upto 3142857 shares of Rs 10 each of the company from the shareholders of the company as on the record date on a proportionate basis by way of a tender offer at a price of Rs 700 per share for an aggregate maximum amount of upto Rs 22000 lakhs. Subsequentlythe shareholders of the company approved the buy-back through postal ballot on 23 June 2020.During the quarter ended 30 September 2020the company bought back 3142857 equity shares of Rs 10 each at a price of Rs 700 per share for an aggregate amount of Rs 22000 lakhsbeing 4.84% of the total number of equity shares of the paid-up capital of the company.The said equity shares bought back were extinguished on 02 September 2020.During the quarter ended 31 March 2021 the Company has redeemed 1125068 6% Redeemable Non-Convertible Preference Shares of Re 1/- each at par aggregating to Rs 1125068/- as per the terms of Scheme of Arrangement between Just Dial Limited and Just Dial Global Private Limited (a related party) and their respective shareholders and creditors.

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