Incorporated in Oct.'87 Jaswal Granites (JGL) was promoted by A K Jaswal, O P Jaswal and S J Jaswal. It has a 100% EOU at Venkatapur, Medak district, AP, to manufacture polished granite slabs and monuments.
In May'83, JGL set up a joint venture trading company. Marble & Granite Producers, at Hong Kong in collaboration with Marble & Granite (HK), to promote exports and sell, market and distribute the company's products in China, Taiwan, Hong Kong, South Korea, etc.
It came out with an equity issue at par aggregating Rs 12.57 cr in Jan.'95, to expand its capacity of slabs, monuments and vanity tops from 44,000 sq mtr pa to 1,64,000 sq mtr pa at its existing site. The project work is under implementation. The company has entered into a tie-up with a well-established marble and granite distribution group to distribute processed granite in Germany, France, Netherlands and Ireland. It has also extended its supplies to Australia, New Zealand and the US.
During 1996-97, the company earned foreign exchange worth Rs 4.98 cr.