Jaykay Enterprises has announced a significant business development through its joint venture J K Phillips LLP, which has secured a substantial order from IRCON International Limited. The contract, valued at ₹162.25 crores including GST, represents a major milestone for the company in the industrial training and equipment supply sector.

Contract Details and Scope

The comprehensive contract involves supplying CNC machines to MSME training centers across India on a turnkey basis. Key details of the project include:

Joint Venture Structure

J K Phillips LLP operates as a 50:50 joint venture between Jaykay Enterprises Limited and Phillips Machine Tools India Private Limited, which is a subsidiary of Phillips Corporation, USA. This partnership combines local expertise with international technology capabilities to deliver comprehensive CNC machine solutions.

Project Components

The turnkey contract encompasses a complete solution approach for CNC machine deployment across MSME training facilities:

• Design Services: Custom design solutions for CNC machines suited to training requirements
• Supply Operations: Procurement and delivery of CNC machines to designated training centers
• Installation Services: Complete setup and commissioning of equipment at training facilities
• Training Programs: Comprehensive training modules for operators and maintenance personnel

Strategic Significance

This order from IRCON International Limited positions the joint venture as a key player in India's skill development infrastructure sector. The project aligns with the government's Viksit Bharat vision, focusing on capacity building and digital transformation of MSMEs. The initiative supports the formalization and skilling of micro, small, and medium enterprises, which form the backbone of India's manufacturing ecosystem.

Business Impact

The ₹162.25 crore contract represents substantial revenue opportunity and further consolidates Jaykay Enterprises' position as a provider of high-technology digital manufacturing solutions. The partnership with global players like Phillips Corporation, USA, enhances the company's capability to deliver advanced manufacturing solutions through government procurement channels.

Jaykay Enterprises Limited (JKE) has announced a strategic investment of Rs 2 crore in its wholly-owned subsidiary, JK Defence Aerospace Limited (JK Defence). The company acquired 2,00,000 additional preference shares, each with a face value of Rs 100, through a rights issue on December 09, 2025.

Investment Details

Subsidiary Information

JK Defence Aerospace Limited, incorporated on July 03, 2023, is a public company registered under the Companies Act, 2013. Its primary objective is to manufacture and trade in defence and aerospace equipment. As of now, JK Defence has not commenced operations.

Financial Implications

This investment aligns with Jaykay Enterprises' strategy to utilize the net proceeds from its own rights issue, as outlined in the Letter of Offer dated August 17, 2024. The funds are expected to be used in accordance with the objectives approved by shareholders at the company's 79th Annual General Meeting.

Balance Sheet Highlights

Jaykay Enterprises' consolidated balance sheet shows significant growth in several areas:

The substantial increase in investments and shareholders' capital reflects the company's aggressive growth strategy, which includes expanding its presence in the defence and aerospace sector through subsidiaries like JK Defence.

Conclusion

This investment in JK Defence Aerospace Limited demonstrates Jaykay Enterprises' commitment to diversifying its portfolio and entering the defence and aerospace sector. As JK Defence is yet to commence operations, the impact of this investment on the group's overall performance remains to be seen in the coming financial periods.