Jainik Power & Cables Ltd Company Summary

Jainik Power & Cables Ltd Summary

Jainik Power & Cables Limited was originally incorporated as a Private Company with the name Jainik Enterprises Private Limited dated May 02, 2011 issued by the RoC. The Company name was changed to Jainik Power and Cables Private Limited and fresh Certificate of Incorporation was issued by the RoC dated February 09, 2024, thereafter upon conversion into a Public Company, the name finally changed to Jainik Power and Cables Limited and fresh Certificate of Incorporation was issued by the RoC dated May 08, 2024.The Company was originally established to operate in the aluminium industry, primarily engaging in trading of aluminium scrap and ingots through imports. Initially, its focused on procuring and supplying raw materials, such as aluminium ingots and scraps, to various manufacturers of aluminium wire rods and traders who, in turn, catered to other manufacturers.The company was a supplier of aluminium scrap and ingots to aluminium wire rod manufacturers, which established their credibility and strong network within the industry. The operations were focused on sourcing raw materials and distributing them to manufacturers of aluminium wire rods until the financial year 2018-19. n the financial year 2019-20, the company made a significant strategic shift by expanding their business model into trading of aluminium wire rods in addition to raw materials they were already dealing with. This expansion into wire rod trading was a natural progression, as the promoters gained insights into the complete supply chain of the aluminium wire rod industry. Led by the Promoters, Mr. Shashank Jain and Mr. Prateek Jain, Jainik is engaged in production of Aluminum Wire Rods from year 2023. The manufacturing facility located in Sonipat, Haryana, has been certified with ISO 9001:2015 from Innovative Systemcert Pvt. Ltd., ISO 45001:2018 from Innovative Systemcert Pvt. Ltd. (Accredited by EGAC, A Member of International Accreditation Forum) and ISO 14001:2015 from United Accreditation Foundation, a member of International Accreditation forum to maintain quality, environmental and safety practices. The Company has launched an IPO of 46,63,200 equity shares of Rs 10 each by raising funds thru fresh issue aggregating to Rs 51.2 Crore in June, 2025.