Jyoti Resins and Adhesives Limited is one of the largest players in the synthetic resin adhesives industry in India. The company is primarily engaged in production and supply of adhesives, resins and wood adhesives.
The Ahmedabad-headquartered company was founded in 1993. It was renamed as Jyoti Resins and Adhesives Limited in 2006. The same year, the company launched wood adhesives under the brand ‘Euro 7000’ and introduced a premium white adhesive for the retail segment. The company had launched its production with a single manufacturing unit in Gandhinagar, Gujarat. The company has emerged as the second largest wood adhesive retailer in the country.
In 2010, the company enhanced its regional footprints by entering Rajasthan and expanded its operations to Maharashtra in 2012. The company’s operations are currently spread across 13 states covering key regional markets in India.
The specialty chemicals producer’s adhesive manufacturing units are equipped with state-of-the-art machinery. The company is providing high grade premium synthetic adhesives for numerous applications innovatively designed and catering to the customers throughout the country.
The company launched its initial public offering (IPO) in 1994-95. The same year, the company established its first manufacturing unit in Gandhinagar in an area spread across 8,000 square yards.
The market capitalisation of Jyoti Resins and Adhesives Limited stood at nearly ₹1,850 crore as of January 25, 2024. Jyoti Resins share price has surged more than 1,000% in the last three years.
Business operations
The company’s primary operations include production, packaging, marketing, sales and customer service in the adhesives industry. The company delivers its products to a diverse segment of customers for both domestic and industrial use through its network of raw material suppliers, logistics partners, distributors and sales agents.
The company manages its operations through a network of 300 sales persons across 28 branches. The company has 50 distributors across the country. The company caters to the needs of over 10,000 retailers and more than 3 lakh carpenters across India.
The company expanded its business by 2005 and launched the brand Euro 7000 in the year 2006. During the year 2007 the company started establishing themselves in other markets outside its home state of Gujarat.
The company, in order to expand its presence in India, later scaled the production capacity to 2,000 tons per month (TPM).
Additionally, it established warehouses to optimise storage for raw materials and finished goods, enabling smooth operations and effective supply chain management. The company has also diversified its product portfolio to meet the needs of the customers across segments. The company manufactures from high-performance industrial adhesives for heavy-duty applications to specialised adhesives for specific materials and surfaces to cater to customers across industries.
