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Jyothy Labs Ltd.

BSE: 532926 Sector: Consumer
NSE: JYOTHYLAB ISIN Code: INE668F01031
BSE 00:00 | 02 Feb 207.80 1.60
(0.78%)
OPEN

206.05

HIGH

216.80

LOW

206.05

NSE 00:00 | 02 Feb 208.00 2.15
(1.04%)
OPEN

206.90

HIGH

216.90

LOW

206.40

OPEN 206.05
PREVIOUS CLOSE 206.20
VOLUME 50666
52-Week high 218.00
52-Week low 130.00
P/E 35.34
Mkt Cap.(Rs cr) 7,630
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 206.05
CLOSE 206.20
VOLUME 50666
52-Week high 218.00
52-Week low 130.00
P/E 35.34
Mkt Cap.(Rs cr) 7,630
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Jyothy Labs Ltd. (JYOTHYLAB) - Company History

Jyothy Laboratories Ltd. was incorporated on January 15 1992 as a Private Limited Company with the name 'Jyothi Laboratories Pvt. Ltd'. The Company was founded by M. P. Ramachandran in Thrissur Kerala in 1983. It is engaged in manufacturing and marketing of fabric care dishwashing personal care household insecticides products and provides laundry and dry cleaning services. It operates into six segments comprising of dish washing fabric care household insecticides personal care laundry services and other products. The Company has 25 manufacturing plants across 21 locations in India. Furthermore six manufacturing plants of the Company situated at Roorkee Wynad Jammu Pithampur Pondicherry and Baddi are most of their units ISO 9001-2015 certified. In the year 1992 it commissioned factory in Chennai to make Ujala. In the year 1994 they commissioned a plant in Pondicherry they're first in a backward area utilizing Government incentives.In the year 1995 the Company launched Nebula an oil-based antibacterial washing soap in Kerala. In October 6 1995 the company became a public limited company and the name was changed to Jyothi Laboratories Ltd. In August 12 1996 they further changed their name to Jyothy Laboratories Ltd. In the year 1997 they launched Ujala all over India.In the year 2000 the Company launched Maxo (mosquito repellent) in the State of West Bengal. Also they launched Exo an antibacterial dish water bar in Kerala. Later they launched Exo across Karnataka Tamil Nadu and Andhra Pradesh. In the year 2001 the Company acquired detergents plant at Pithampur Madhya Pradesh from Tate Chemicals Ltd. They launched Vanmala washing soap in Kerala and Maya incense sticks in selected states.In the year 2002 the company acquired Sri Sai Homecare Pvt Ltd which has a mosquito coil production facility in Hyderabad. Thus Sri Sai Homecare Pvt Ltd became a subsidiary company. Also the company launched Jeeva Ayurvedic Soap in the market. In the year 2005 the company launched Exo Liquid and Ujala Stiff & Shine in South India.During the year 2006-07 the Company started marketing and distributing coffee products under the brand name 'Continental Speciale' in a joint venture with CCL Products (India) Ltd. They acquired trademark and copyright for the brand 'More Light' and 'Ruby'. Also they launched extensions in the household insecticide segment under the brand name 'Maxo' - Liquid and Aerosol. In November 2006 the company established a 50:50 joint venture company with Shobha Kapoor and Ekta Kapoor namely Balaji Telebrands Ltd for marketing and distribution of Ekta's 'Karyasiddhi Graha Shanti Dhoops'.During the year 2007-08 the Company commenced production in new manufacturing facilities at Jammu in Jammu & Kashmir for making mosquito repellent coils Roorkee in Uttarakhand for making Ujala fabric whitener and Baddi in Himachal Pradesh for Ujala Stiff and Shine. In March 2008 they launched Ujala Stiff & Shine all over India.During the year 2008-09 the company forayed into service sector through new venture 'Jyothy Fabricare Services Ltd' a subsidiary company for providing world class laundry at affordable price at consumer doorstep. They launched Jyothy Fabric Care Services Ltd and Fabric Spa. They launched Exo Dish wash liquid in all southern states and Exo Floor Shine products in the State of Kerala.In April 2009 the Company commenced full scale production of mosquito repellent coils in their Jammu unit. In October 2009 they expanded Exo dishwashing line from South India to Pan India. In November 2009 they launched fabric Spa at Bangalore. Also the company bought technology DEPA a repellent formulation for protection from all blood sucking insects and mosquitos from DRDO. In February 2010 they launched multi insect repellant in collaboration with prominent division of Defence Research and Development Establishment.During the year 2016 Associated Industries Consumer Products Private Limited - AICPPL (Wholly Owned Subsidiary of the Company) amalgamated with Jyothy Consumer Products Marketing Limited - JCPML (Step down subsidiary of the Company i.e. Wholly Owned Subsidiary of AICPPL) pursuant to the Scheme of Amalgamation sanctioned by the Hon'ble High Court of Judicature at Bombay vide its Order dated July 3 2015 which came into effect on August 6 2015 and as a result JCPML which was a step down subsidiary became direct subsidiary of the Company.During year 2017-18 Jyothy Consumer Products Marketing Limited (JCPML) a wholly owned subsidiary of the Company amalgamated with the Company pursuant to Scheme of Amalgamation sanctioned by the Hon'ble Mumbai Bench of National Company Law Tribunal vide its Order dated March 1 2017 being the Appointed date for amalgamation as April 1 2016 which came into effect on March 17 2017. In FY 2018-19 the Company introduced Ujala Crisp & Shine Gold Collection. It launched Pril Tamarind in dishwash segment. It introduced New Margo Glycerine in the personal care segment.In FY 2019-20 the Company launched revolutionary sub-category in dishwash segment like Exo Dishwash Super Gel that combines the benefits of both Exo Bar and Exo Liquid. It launched India's first Neem Paste Face Wash in West Bengal. It relaunched T-Shine with revised formulation to get better traction in the market. In FY 2020 Jyothy Fabricare Services Limited Subsidiary of the Company has filed an application before the National Company Law Tribunal Mumbai Bench for seeking their approval to the proposed amalgamation of its two Wholly Owned Subsidiaries viz. Snoways Laundrers & Drycleaners Private Limited (First Transferor Company) and Four Seasons Drycleaning Services Private Limited (Second Transferor Company) with Jyothy Fabricare Services Limited (Transferee Company) along with the Scheme of Amalgamation. The Board of Directors of Jyothy Fabricare Services Limited has fixed April 1 2019 as the Appointed Date for the purpose of amalgamation.In 2021 Ujala Liquid Detergent was launched in Kerala and Tamil Nadu. The Company launched liquid detergent under the brand name 'Henko Matic'. It launched Margo Hand Wash a natural antibacterial hand wash with 1000 neem leaves. It launched alcohol-based Margo Hand Sanitizer infused with neem extracts. In FY 2022 the Company launched Ujala Detergent powder in West Bengal.

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