J. K. Organisation

The J. K. Organisation is an Indian industrial conglomerate, with headquarters in Delhi, Kanpur and Mumbai. It is run by the Singhania family, which rose to prominence in Kanpur, India, under Lala Kamlapat Singhania. The name JK is derived from the initials of Kamlapat and his father Seth Juggilal (1857–1922), who belonged to the family associated with the Marwari firm Sevaram Ramrikhdas of Mirzapur.[1] The JK group was founded in 1918.[2]

J. K. Organisation
Industrycement, tyre, paper, Software, FMCG ,Dairy products
Founded1888
FounderLala Juggilal Singhania & Lala Kamlapat Singhania
HeadquartersNew Delhi
Kanpur
Mumbai
Key people
Bharat Hari Singhania
(President)
ProductsCement, Tyre, Paper, Software, Dairy products, Seeds, Engineering equipment
Revenue$7.0 billion (4.99 trillion rupees)
Number of employees
50,000
Websitewww.jkorg.in

History

The group rose in importance in the 1950s to 1980s, when it was the third-largest industrial conglomerate in India after the Birla and Tata conglomerates. The group has multi-business, multi-product, and multi-location operations, with interests in many countries. It has overseas manufacturing operations in Mexico, Indonesia, Romania, Belgium, Portugal, the UAE, and Switzerland. The organization also includes research and development institutes in various fields.[3] The family is currently divided into three main groups headed by Dr. Gaur Hari Singhania based in Kanpur, Shri Hari Shankar Singhania based in Delhi and Shri Vijaypat Singhania based in Mumbai. The three men are cousins who now run independent businesses,[4][5] which are technically and legally separate entities and have no cross-holdings or common directors and employees, sharing only the family history.

The Kanpur family runs JK Cement Ltd and JK Technosoft, which provides technology solutions to organizations, while the Delhi family runs JK Tyre, JK Paper, JK Lakshmi Cement, JK Fenner India Ltd, Umang Dairies Ltd, JK Seeds, Global Strategic Technologies (a military solutions and equipment division), JK Risk Managers & Insurance Brokers. The Mumbai family runs the Raymond Group of companies. Though run independently of each other, the various companies that are part of the organization all use the JK Group Logo, in recognition of the family's history. By tradition, the oldest male member of the family becomes the President of the JK Organisation and grants use of the logo to companies run by various family members when they apply for membership and pay an annual fee.

gollark: What else would you mine? A non-exploded UNE planet?
gollark: They probably just went for whatever argument would bring the most media coverage anyway.
gollark: Admittedly climate change like we (will) have probably doesn't (won't) make the planet *unlivable*, it'll just ruin our civilization a lot.
gollark: The government should at least aim to not break it so horribly that you don't have one.
gollark: ?????

References
  1. Timberg, Thomas A. (22 May 2015). "The Marwaris: From Jagat Seth to the Birlas". Penguin UK – via Google Books.
  2. Mahapatro, B. B. (1993). Industrial Wage Regulation in Orissa. Mittal Publications. p. 108. ISBN 978-81-7099-474-9.
  3. JK Company Profile
  4. Singhania vs Singhania: what went wrong?
  5. http://www.thehindubusinessline.com/opinion/the-marwari-business-modeli/article4591445.ece
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.