Jain Resource Recycling Ltd. Company History and Annual Growth Details

Prior to the conversion as a private limited company under the applicable provisions of the Companies Act, 2013, the business was carried out in the name of ‘Jain Metal Rolling Mills’, the erstwhile partnership firm, originally formed pursuant to a deed of partnership dated April 1, 1953 which was reconstituted several times. The first reconstitution was on April 1, 1993 followed by a subsequent reconstitution on April 1, 1999 with Shantilal Jain, Kantilal, Kamlesh Jain and Posibai as partners in the firm. Thereafter, with the exit of Kantilal and admission of Shreyansh Jain into the partnership it was further reconstituted on April 1, 2013 followed by amendment of the partnership arrangement on November 1, 2013 and on April 1, 2014 on exit of Posibai from the partnership. On April 1, 2017, the partnership was reconstituted with Shantilal Jain, Kamlesh Jain and Shreyansh Jain as partners. Subsequently, pursuant to the deed of reconstitution dated January 22, 2021, the partnership firm was further reconstituted with Kamlesh Jain and Sanchit Jain as partners having a profit sharing ratio of 99:1. Pursuant to an application for registration dated February 14, 2022 under Chapter XXI Part I of the Companies Act, 2013, the erstwhile partnership firm applied for its conversion into a private limited company with transfer of capital contribution of Kamlesh Jain and Sanchit Jain, being ?396 million and ?4 million respectively, for consideration other than cash, being the share capital of the private limited company and consequent conversion of partnership accounts of the firm into financials of the private limited company. Subsequent to such conversion, a certificate of incorporation dated February 25, 2022 was issued by the Registrar of Companies, Central Registration Centre in the name of ‘Jain Resource Recycling Private Limited’ to the Company. Thereafter, the Company was converted into a public limited company, as approved by our Shareholders pursuant to a resolution dated February 5, 2025, and a fresh certificate of incorporation dated February 25, 2025, was issued by the Registrar of Companies, Central Processing Centre, recording the change in the name of the Company to ‘Jain Resource Recycling Limited’

Major events and milestones:

2013

- Commencement of operations by setting up a lead refining unit

2018

- Expansion of operations by setting up a copper cable recycling unit

2022

- Conversion of Jain Metal Rolling Mills from a partnership firm to a private limited company, Jain Resource Recycling Private Limited

- Ventured into aluminium recycling by way of establishing a subsidiary, Jain Green Technologies Private Limited

2023

- Secured registration with the London Metal Exchange with the brand name “Jain 9997”

- Initiated supply of aluminium alloys to customers in hot molten form

- Acquired stake in a foreign subsidiary, Jain Ikon Global Ventures (FZC) in Sharjah, UAE for expansion of operations in gold refining

2024

- Entered into an agreement with Mars Metals and Minerals Private Limited and Star Minerals and Metals Pte Limited for expansion of operations in Sri Lanka for mining heavy minerals

- Installation and commissioning of the gold refining facility in UAE for commencement of gold refining operations

2025

- Conversion from a private limited company to a public limited company

- Approval of the Scheme of Amalgamation with Jain Recycling Private Limited