Jolly Board Limited is the largest construction board manufacturer and exporter in India, incorporated on 10 December 1956. The Company offers bitumen-impregnated, soft boards, certification, and ceiling tiles. Jolly Board serves customers worldwide and meets both industrial and domestic requirements. The company exports 80% of its production. The company has four mills for the production of Softboard, Bitumen Impregnated Softboard, and mineral wool board. These four units produce 1,00,000 cubic meters of Soft Board annually.
The company’s product range includes Plain Softboard, Laminated Softboard, Specialized Building materials, Bitumen Impregnated Softboard, Painted Softboard in various thicknesses, and multiple surface textures. The company also offers products like non-combustible and acoustical ceiling tiles.
Jolly board’s quality products are processed mostly from agro-waste thus, conserve valuable natural resources. These agro-waste products have been declared environment friendly by the Government of India due to which it enjoys full excise exemptions.
CIN of Jolly Board |
U20200MH1956PLC009899 |
Registration Date of Jolly Board |
10th December 1956 |
Category/Sub-category of Jolly Board |
Company limited by shares |
Jolly Board Registered office address |
501 Rewa Chambers, 31 Sir V. Thackersey Marg, Mumbai 400020 |
Jolly Board Registrar and Transfer Agent address and contact details |
Link Intime India Private Limited, C-101 247 Park, LBS Marg, Vikroli West, Mumbai 400083 Tel: 022-4918619 |
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Fibreboard |
20213 |
58.65% |
|
Real Estate activities |
70109 |
41.35% |
Arvind Jolly (Chairman and Managing Director)
Rashmi Jolly (Vice-Chairperson and Executive Director)
Arjun Jolly (Joint Managing Director)
Jimmy Pochkhanawalla (Independent Director)
Dr.Kewal K. Nohria (Independent Director)
Ashish Vaid (Independent Director)
P.K. Dasgupta (Director)
Anil Shinde (Whole Time Director)
|
Name of the Company |
% of shares held |
|
Jolly Exports Private Limited |
50.099% |
|
S. No. |
Shareholder’s Name |
Number of shares |
% of total Shares of the company |
|
1 |
Jolly Exports Private Limited (Promoter) |
2,27,788 |
50.0996% |
|
2 |
Arvind Govindram Jolly (Promoter) |
66,625 |
14.6535% |
|
3 |
Arjun Arvind Jolly (Promoter) |
56,707 |
12.4721% |
|
4 |
Other Promoters |
79,883 |
17.5700% |
|
5 |
Public Shareholding |
23,667 |
5.2053% |
|
|
Total |
4,54,670 |
100% |
The Indian particle board market was worth over USD 720 million in 2020, and the market is projected to register more than 11.5% CAGR during the forecast period (2021-2026).
COVID-19 impact on the furniture industry was severe. From January 2020 - September 2020, the gross absorption of commercial office fell by 46% year on year to 22.5 million sq. ft due to lockdown in the country, thus impact the furniture market in the commercial sector.
Due to the nationwide lockdown, construction work in the country has come to a standstill to combat the COVID-19 pandemic kicking in, triggering concerns that the companies would hurt revenues and may even incur losses in some projects. However, the condition is expected to recover in the coming year, thereby restoring the growth trajectory of the market studied.
After growing at a CAGR of 9.1% during 2020-2025, Ceiling Tiles Market is forecast to reach $8.60 billion by 2025. The ceiling tiles market is driven by extensive building and construction activities. The other megatrend which is transforming the building and construction industry is the population outbreak in the urban areas that need affordable housing.
In the long term, the factor driving the market studied is the increasing demand for furniture in the office space and hospitality sectors. International hotels are expanding their presence in the country and are likely to account for around 47% of the Indian tourism and hospitality sector.
