Jute is also known as the golden fiber of India as it plays a vital role in the growth of the textile industry in India. It is one of the low-cost fibers easily available apart from cotton. India is the second largest exporter of raw jute and jute products in the world. It is biodegradable in nature which is one of the prime reasons that it is gaining popularity all over the world. The jute industry provides employment to many people which supports the livelihood of approx 40-50 lakh families across the country. India has approximately 75 jute mills situated in different parts of the country such as Chhattisgarh, Assam, Tripura, Orissa, Andhra Pradesh, Uttar Pradesh, Bihar, and West Bengal. To promote this nature-friendly fiber, the government of India has initiated the National Jute Policy which ensures that farmers get fair prices for their products and an annual growth rate of 15% can be achieved from the jute industry.
There are numerous jute mills in India that are focused on creating environment-friendly customer-oriented jute products. Some of the key players in the jute market are
Premchand Jute & Industries Private Limited
Premchand Jute & Industries Private Limited is an unlisted private company incorporated on 18 August 2005. It is classified as a private limited company and is located in Kolkata, West Bengal. Its authorized share capital is INR 6.00 cr and the total paid-up capital is INR 2.43 cr. Products like hessian bags, Jute bags, jute sacks, and other agriculture goods are all exported and manufactured by the company. Other company details are listed below
| Operating Revenue | INR 1 cr – 100 cr |
| EBITDA | 17.45 % |
| Networth | 0.95 % |
| Debt/Equity Ratio | 0.78 |
| Return on Equity | 1.66 % |
Corporate Identification Number (CIN) – U51109WB2005PTC104864
AI Champdany Industries Limited
AI Champdany Industries is a public sector company formed on 02 January 1917. It is a non-government company registered at the Registrar of Companies, Kolkata. Directors of this top jute manufacturing company are Damodardas Wadhwa Jerambhai, Giridhan Goswami, Nirmal Pujara, and Ramya Hariharan. The company is involved in the production of large-scale jute products at wholesale prices. As per the records, the company holds a share capital of Rs. 350,000,000 and its paid-up capital is approx Rs. 348,340,928. Other company details are listed below
| Operating Revenue | INR 100 cr – 500 cr |
| EBITDA | -45.50 % |
| Networth | 0.18 % |
| Debt/Equity Ratio | 1.96 |
| Return on Equity | 2.18 % |
Corporate Identification Number (CIN) – L51909WB1917PLC002767
Bangalore Fort Farms Limited (BFFL) was formed in the year 1966. It is registered with the Registrar Of Companies, Bangalore. The company is majorly involved in producing and exporting premium jute fiber and its products such as jute ropes, jute yarn, and other customized jute products that cater to individual and organizational requirements. Apart from this, the company is also engaged in cold storage activities for selling off-season fruits and vegetables in the markets of West Bengal including Asansol, Sealdah, Bardhaman, etc. Some of the custom-made products that are available at BFFL include hand Spun Jute Yarn-90 to 100 meter/kg runnage, hand Spun Jute Yarn-100 to 110 meter/kg runnage – General and Special quality, braid Yarn- 22 to 25 meter/kg runnage – General and Special quality, braid Yarn- 30 to 35 meter/kg runnage – General and special quality, Braid Yarn- 60 to 65 meter/kg runnage – General quality. Other company details are listed below
| Operating Revenue | INR 1 cr – 100 cr |
| EBITDA | 78.82 % |
| Networth | 2.04 % |
| Debt/Equity Ratio | 0.53 |
| Return on Equity | 2.00 % |
Corporate Identification Number (CIN) – L51101WB1966PLC226442
Budge Budge Company Ltd. (BBCL)
Budge Budge Company Ltd. (BBCL) has launched a compound jute mill at Budge Budge, Dist. 24 Paraganas (South) in West Bengal. The company is involved in the manufacturing of various products ranging from Hessian clothes and bags to sacking clothes and bags for storing sugar and food grains. It is considered one of the best companies for jute bags in India. The company has a production capacity of 33000 M/T of jute goods. BBCL provides livelihood to around 3500 workers involved in the manufacturing process directly or indirectly. The company has a turnover of Rs.1750 Million. Other company details are listed below
| Operating Revenue | INR 100 cr – 500 cr |
| EBITDA | 196.89 % |
| Networth | -2.02 % |
| Debt/Equity Ratio | 0.65 |
| Return on Equity | 3.58 % |
Corporate Identification Number (CIN) – L26941WB1973PLC028796
Cheviot Company Ltd is an Indian company that manufactures and exports jute fabrics and yarns. The jute mills expanded over the years before being acquired by the Kanoria family and rebranded as Cheviot Company Limited (CCL) in 1976The company is involved in two separate business segments that include captive power generation and Jute goods. Cheviot caters to the needs of jute fabrics and jute products both in national as well as international markets. It is one of the renowned companies involved in manufacturing superior quality jute bags for the export market located at Falta special economic zone in the state of West Bengal. Other company details are listed below
| Operating Revenue | INR 100 cr – 500 cr |
| EBITDA | -7.73 % |
| Networth | 9.47 % |
| Debt/Equity Ratio | 0.01 |
| Return on Equity | 11.10 % |
Corporate Identification Number (CIN) – L65993WB1897PLC001409
