The Jute Corporation Of India Limited logo

The Jute Corporation Of India Limited

Procures jute from farmers at minimum support price to stabilize market.
1971 | Kolkata, West Bengal (India) | Active

Last Updated:

October 15, 2024
HomeCompanyThe Jute Corporation Of India Limited

Who are the key members and board of directors at The Jute Corporation Of India?

Executive Team (2)

NameDesignationAppointment DateStatus
Ajay Jolly InManaging Director01-Feb-2019Current
Avik Saha InCompany Secretary03-Aug-2016Current

Board Members(2)

NameDesignationAppointment DateStatus
Prajakta Lavangare In Nominee Director 17-Jul-2024Current
Purnesh Gururani In Nominee Director 08-Mar-2024Current

Financial Performance and Corporate Structure Insights of The Jute Corporation Of India.

The Jute Corporation Of India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 129.93% increase. The company also saw a substantial improvement in profitability, with a 172.6% increase in profit. The company's net worth moved up by a moderate rise of 7.48%.

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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
129.93%
Revenue from Operations
154.86%
Total Assets
18.70%
Profit or Loss
172.60%
Net Worth
7.48%
EBITDA
215.92%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹450.00 Cr

₹50.00 Cr

LenderAmountStatus

State Bank Of India

Creation Date: 07 Feb 2024
₹100.00 CrOpen

Yes Bank Limited

Creation Date: 12 Dec 2023
₹50.00 CrOpen

Others

Creation Date: 25 Jun 2018
₹150.00 CrOpen

How Many Employees Work at The Jute Corporation Of India?

The Jute Corporation Of India has a workforce of 186 employees as of Oct 15, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

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Latest Updates, News, and FAQs on The Jute Corporation Of India

Recent activity within the organization

  • Director Appointment

    Prajakta Sudip Verma Lavangare was appointed as a Nominee Director was appointed as a Nominee Director on 17 Jul 2024 & has been associated with this company since 5 months 3 days .

    17 Jul 2024

  • Director Appointment

    Purnesh Gururani was appointed as a Nominee Director was appointed as a Nominee Director on 08 Mar 2024 & has been associated with this company since 9 months 12 days .

    08 Mar 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 100.00 Cr with Charge ID 100862449 was registered on 07 Feb 2024.

    07 Feb 2024

  • Charges

    A charge with Others of Rs. 150.00 Cr registered on 25 Jun 2018 with Charge ID 100194882 was modified on 05 Feb 2024.

    05 Feb 2024

  • Charges

    A charge with Others of Rs. 150.00 Cr registered on 04 Jan 2017 with Charge ID 100125714 was modified on 05 Feb 2024.

    05 Feb 2024

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100834249 was registered on 12 Dec 2023.

    12 Dec 2023

Frequently asked questions

  • The Jute Corporation Of India Limited was incorporated on 02 Apr 1971.

  • The authorized share capital of The Jute Corporation Of India Limited is ₹ 5.00 Cr and paid-up capital is ₹ 5.00 Cr.

  • Currently 4 directors are associated with The Jute Corporation Of India Limited.

    • Prajakta Sudip Verma Lavangare
    • Ajay Kumar Jolly
    • Avik Saha
    • Purnesh Gururani
  • As per Ministry of Corporate Affairs (Mca), the registered address of The Jute Corporation Of India Limited is 15N-Nellie Sengupta Sarani, Kolkata, West Bengal, India, 700087.

  • The corporate identification number (CIN) of The Jute Corporation Of India Limited is U17232WB1971GOI027958 and the company number is 027958 as per Ministry of Corporate Affairs (MCA).

  • The Official website of The Jute Corporation Of India Limited is https://www.jutecorp.in

  • According to the financial reports for the fiscal year 2023, the revenue trend for The Jute Corporation Of India Limited has risen by 129.93%.

  • As Per 2023 financial reports, 186 employees are currently employed by The Jute Corporation Of India Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of The Jute Corporation Of India Limited has experienced an upsurge of 7.48%.

  • As per the financial statements for fiscal Year 2023, The total open charges for The Jute Corporation Of India Limited amount to ₹ 450.00 Cr.

  • The most recent Balance Sheet for The Jute Corporation Of India Limited was filed with the ROC on 31 Mar 2023.

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