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- JIK Industries Ltd. (JIK) (previously known as Krishna Finstock Pvt. Ltd. (KFL) was incorporated in the year 1990.
- JIK shares were listed on Bombay Stock Exchange (BSE) since 1995 and National Stock Exchange of India Ltd. (NSE) since 1997.
- Initially JIK was in the business of Financial Services, Providing advisory Services, Investment Management & Merchant Banking. In 1993, JIK entered the business of full-fledged money changing (FFMC) licensed by RBI. JIK’s money changing division became one of the top selling agents of American Express Traveler's Cheques, winning several awards.
- In the year 1994, JIK acquired a company named Brown Bull Industries ltd (BBIL) having a texturising yarn unit in operation at Lote-Parshuram, Dist. Ratnagiri, Maharashtra. BBIL subsequently merged with JIK. The texturising activity was gradually discontinued.
- In the year 1996, JIK set up a chemical waste recycling plant at Lote-Parshuram, Dist. Ratnagiri, Maharashtra, in collaboration with Reci lndustri AB, a group company of the Swedish conglomerate.
- In the year 1998, JIK diversified into the manufacturing of crystal glassware by setting up facilities at Balkum, Thane, Maharashtra. The unit was set up in collaboration with around 100 years old Swedish Company and the Chemical waste recycling plant was shifted from Lote-Parshuram, Dist. Ratnagiri to Vijaygad Wada, Dist. Thane with an expanded capacity.
- In 1998, JIK became one of the few primary agents appointed by Western Union for money transfer activity in India.
- JIK assumed a leadership position in lead free crystal glass segment, supplying to the hospitality industry and other segments in India and exporting to several countries.
- In 2002, for the 5th year in succession (1997-2002), 'ET 500' (Economic Times) ranked JIK in the top 500 companies of India (Rank 291).
- In 2004, JIK had two major accidents in a short span, the first at Chemical Recycling plant at Dist. Wada- where a fire/explosion occurred destroying the plant, and resulting in the Company ultimately exiting the Chemical Division and the second at the Crystal Glass Plant in Thane, where the neighbouring company's wall collapsed on company's plant, resulting in severe curtailment of its operations. Due to Statutory Compliances, the Company had to discontinue the money changing & money transfer business.
- In the year 2019, the Company discontinued manufacturing of Crystal Glass and transitioned its business model to a wider scope of business in general trading and services. The Company as a part of its services offering, offers Logistics & Ancillaries Services and fully integrated and client specific solutions in Inventory Management. Company offers systematic processes and scalability in Logistics & Ancillaries Services and Inventory Management Solutions across the various fields like materials handling, packaging, supply and distribution chain integration. Company has necessary capabilities to handle various product types and business categories. The Inventory management solutions provided can handle items across the production value chain from Raw materials to Finished Goods.
- At Present the Company has been compulsorily delisted by BSE w.e.f. 16 October, 2024 and by NSE W.e.f. 17 October, 2024. The Company has filed an appeal against these Delisting orders with Hon’ble Securities Appellant Tribunal (SAT) in accordance with the relevant regulations.
