Jubilant Bhartia Group

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Jubilant Bhartia Group
TypeConglomerate
Founded21 June 1978; 43 years ago (1978-06-21) in Noida
Founders
  • Shyam Sundar Bhartia
  • Hari Bhartia
Headquarters1A, Sector 16A,
Noida, Uttar Pradesh
,
India[1]
Area served
Worldwide
Key people
  • Shyam Bhartia (Chairman & MD)
  • Hari Bhartia (Co-Chairman & MD)
Revenue$3 billion[2] (2012)
Owners
  • Shyam Sundar Bhartia
  • Hari Bhartia
Number of employees
46,000[3] (2021)
Websitewww.jubilantbhartia.com

The Jubilant Bhartia Group is an Indian conglomerate with interests in pharmaceuticals, food services, agribusiness, energy, and other services.[4] It was founded in 1978 by Shyam Sundar Bhartia and Hari Bhartia and is headquartered in Noida, Uttar Pradesh.

History[]

Brothers Shyam Sundar Bhartia (husband of Shobhana Bhartia) and Hari Bhartia founded Vam Organics Limited on 21 June 1978.[5] The name was the abbreviation of the product the company manufactured, vinyl acetate monomer (VAM).[6] The business was seeded with funds obtained from their father Mohan Lal Bhartia, who was a steel wire and Rolex watch trader in Kolkata.[2][6] Vam Organics gained opportunities to carry out higher-value work for drug and chemical industries following economic liberalisation in India in the 1990s. The company was renamed Jubilant Organosys in 2001, which began the use of the name "Jubilant" for the group.[2]

On the recommendation of a friend who owned foreign pizza licences, the Bhartias entered into a master franchise partnership with Domino's Pizza in 1996 and established Dominos Pizza India Private Limited. The company changed its name to Jubilant FoodWorks in 2009.[2]

The Jubilant Bhartia Group had revenues of over $3 billion in 2012.[2]

Companies[]

The Jubilant Bhartia Group has four flagship companies - Jubilant Pharmova, Jubilant Ingrevia, Jubilant FoodWorks and Jubilant Industries - all of which are publicly listed. The Group's other businesses are registered as private limited companies.[7]

Jubilant Pharmova[]

Jubilant Pharmova is the Jubilant Bhartia Group's first company and was established in 1978.[6] The company was renamed Jubilant Organosys Limited in 2001,[2] and Jubilant Life Sciences Limited in July 2010.[8] Jubilant Life Sciences was demerged to Jubilant Ingrevia on 1 February 2021,[9] and Jubilant Life Science LImited was renamed Jubilant Pharmova Limited.[10]

Jubilant Ingrevia[]

The Jubilant Bhartia Group demerged its pharma and life sciences business, Jubilant Life Sciences Limited, to a new company called Jubilant Ingrevia Limited on 1 February 2021. The name Ingrevia is a portmanteau of the words "ingredients" and "life" (vie in French).[11] Jubilant Ingrevia was listed on the Bombay Stock Exchange on 19 March 2021.[12]

Jubilant FoodWorks[]

Main article: Jubilant FoodWorks

Jubilant FoodWorks Limited is a food service company which holds the master franchise for Domino's Pizza in India, Nepal, Sri Lanka and Bangladesh, for Popeyes in India, Bangladesh, Nepal and Bhutan, and also for Dunkin' Donuts in India.

Jubilant Industries[]

Jubilant Industries was founded on 23 February 2007 as a private limited company. It was publicly listed on 16 March 2010.[13] It is a specialty chemical company that manufactures agrichemicals, polymers, adhesives and latex.[14]

Jubilant Enpro[]

Jubilant Enpro Private Limited (JEPL) was established in 1992.[15] Jubilant Energy, a subsidiary of Jubilant Enpro, was awarded a 10% stake in the KG Deendayal gas discovery block in 2003.[16]

Jubilant MotorWorks[]

Jubilant MotorWorks Private Limited was established in 2009. The company is an official dealer and partner for Audi in India.[17][18][19]

Jubilant Consumer[]

Jubilant Consumer Private Limited was established in 2013.

References[]

  1. ^ "Addresses". www.jubilantbhartia.com. Retrieved 18 October 2021.
  2. ^ a b c d e f Shmavonian, Karl. "Pharma and Fast Food Fuel the Jubilant Bhartia Group". Forbes. Retrieved 17 October 2021.
  3. ^ "Overview". www.jubilantbhartia.com. Retrieved 18 October 2021.
  4. ^ Saraswathy, M. (14 November 2011). "Q&A: Shyam S Bhartia, CMD, Jubilant Bhartia Group". Business Standard India. Retrieved 17 October 2021.
  5. ^ "Jubilant Pharmova Ltd. Company Profile & Executives". Wall Street Journal. Retrieved 17 October 2021.
  6. ^ a b c "Five families show how business can thrive by working together". Business Today. Retrieved 17 October 2021.
  7. ^ "Overview". Jubilant Bhartia. Retrieved 18 October 2021.
  8. ^ "Jubilant Organosys splits, changes name". Hindustan Times. 8 July 2010. Retrieved 17 October 2021.
  9. ^ Market, Capital (1 February 2021). "Jubilant Life Sciences renamed Jubilant Pharmova". Business Standard India. Retrieved 17 October 2021.
  10. ^ Market, Capital (1 February 2021). "Jubilant Life Sciences renamed Jubilant Pharmova". Business Standard India. Retrieved 17 October 2021.
  11. ^ "DEMERGER OF "LIFE SCIENCES INGREDIENTS" BUSINESS FROM JUBILANT LIFE SCIENCES LIMITED INTO A NEW ENTITY "JUBILANT INGREVIA LIMITED"" (PDF). Jubilant Ingrevia. Retrieved 17 October 2021.
  12. ^ "Jubilant Ingrevia lists on the bourses today". CNBCTV18. 14 October 2021. Retrieved 17 October 2021.
  13. ^ "Jubilant Industries Ltd". Business Standard India. Retrieved 17 October 2021.
  14. ^ "Jubilant Industries to sell its liquor license". Business Standard India. 24 November 2020. Retrieved 13 November 2021.
  15. ^ "Jubilant Enpro Private Limited Featured Employer Profile". www.rigzone.com. Retrieved 17 October 2021.
  16. ^ Umarji, Kalpana Pathak & Vinay (17 July 2014). "Jubilant Energy to exit GSPC block". Business Standard India. Retrieved 17 October 2021.
  17. ^ "Audi India appoints Jubilant MotorWorks as its Mumbai South dealer - ET Auto". ETAuto.com. Retrieved 17 October 2021.
  18. ^ "Audi India Announces Jubilant MotorWorks as Dealer Partner For South Mumbai and Nashik". News18. 1 September 2020. Retrieved 17 October 2021.
  19. ^ "Audi India opens new service facility in Pune with Jubilant MotorWorks - ET Auto". ETAuto.com. Retrieved 17 October 2021.
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