Jyoti CNC Automation Limited: Company Profile

Background

Overview

Established in 1991, Jyoti CNC Automation Limited is a leading manufacturer and supplier of computer numerical control (CNC) machines, headquartered in Rajkot, Gujarat, India. The company specializes in a diverse range of CNC machinery, including turning centers, turn-mill centers, vertical and horizontal machining centers, 5-axis machining centers, and multi-tasking machines. With a mission to "Propel Technology, Prosper Life," Jyoti CNC Automation is committed to advancing technology in the machine tool industry, contributing to economic and cultural development, and enhancing the quality of life through innovation.

Mission and Vision

Mission: To advance technology in the machine tool arena, contributing to the comfort and enhancement of human life.

Vision: To provide high-quality, cost-effective, and user-friendly products that integrate technology and innovation, positioning Jyoti as a trusted and recognized manufacturing solution provider globally by 2025.

Industry Significance

Jyoti CNC Automation holds a significant position in the CNC machine manufacturing industry, both domestically and internationally. The company has installed over 135,000 machines across more than 60 countries, serving a diverse clientele that includes sectors such as aerospace, automotive, electronics, and general engineering.

Key Strategic Focus

Core Objectives

To lead technological advancements in the CNC machine tool industry.

To provide customized, high-quality, and cost-effective solutions to a global customer base.

To expand market presence in major engineering hubs worldwide.

Areas of Specialization

Design and manufacturing of CNC turning centers, turn-mill centers, vertical and horizontal machining centers, 5-axis machining centers, and multi-tasking machines.

Integration of Industry 4.0 and Artificial Intelligence (AI) solutions into CNC machines for enhanced productivity and efficiency.

Key Technologies Utilized

Advanced CNC technology for precision machining.

Industry 4.0 solutions for real-time monitoring and automation.

AI-driven systems for predictive maintenance and collision prevention.

Primary Markets Targeted

Aerospace and defense.

Automotive and auto components.

General engineering.

Electronics manufacturing services.

Die and mold industries.

Financials and Funding

Funding History

In January 2024, Jyoti CNC Automation Limited raised ₹1,000 crore through an initial public offering (IPO) of 30,218,649 equity shares, each with a face value of ₹2. The entire issue constituted a fresh issue of shares.

Utilization of Capital

The funds raised from the IPO are intended to:

Repay existing debt, thereby reducing interest expenses and improving profitability.

Support expansion plans, including increasing manufacturing capacity and establishing new technology centers.

Pipeline Development

Key Pipeline Candidates

VST 160: A Vertical Shaft Turning Machine designed for electric vehicle manufacturing, featuring an integrated auto loading and unloading system.

ZEBRA CNC Chucker: A compact CNC chucker machine engineered for high productivity and precision in turning small to medium-sized components.

HP Series CNC Horizontal Machining Centers: Next-generation horizontal machining centers focusing on rigidity, accuracy, and high dynamics for optimal machining results.

Stages of Development

These products are in the final stages of development, with market introductions planned in the near future.

Target Conditions

The products are targeted at industries such as electric vehicle manufacturing, precision turning applications, and general engineering sectors.

Anticipated Milestones

VST 160: Expected to be launched in the electric vehicle manufacturing sector in 2022.

ZEBRA CNC Chucker: Market introduction anticipated in 2023.

HP Series CNC Horizontal Machining Centers: Scheduled for release in 2023.

Technological Platform and Innovation

Proprietary Technologies

7th Sense: An intelligent digital suite for real-time monitoring of machine health, tool life, and productivity.

PreciProtect: An AI-driven system designed to prevent machine collisions, enhancing operational safety and efficiency.

Significant Scientific Methods

Integration of Industry 4.0 solutions for automation and real-time monitoring.

Application of AI algorithms for predictive maintenance and process optimization.

Leadership Team

Key Executives

Parakramsinh Ghanshyamsinh Jadeja: Managing Director. A first-generation entrepreneur with over two decades of experience in the machine tool industry, instrumental in the development of new products and technological advancements.

Vikramsinh Raghuvirsinh Rana: Whole-Time Director. Serves as a director on the board of Jyoti CNC Automation Limited.

Sahadevsingh Lalubha Jadeja: Whole-Time Director. Serves as a director on the board of Jyoti CNC Automation Limited.

Leadership Changes

No significant leadership changes have been reported recently.

Competitor Profile

Market Insights and Dynamics

The global CNC machine market is highly fragmented, with numerous small, medium, and large suppliers. The top 10 global suppliers account for approximately 38.3% of the market share, with the 10th largest manufacturer holding about 2.5%. In India, the top 5 manufacturers account for 45.0% of the market share, with the 5th largest holding around 3%.

Competitor Analysis

Haas Automation: A leading global manufacturer of CNC equipment, known for a wide range of products and strong market presence.

DMG Mori: A prominent player in the CNC machine industry, offering advanced machining solutions and holding a significant market share.

HMT Machine Tools: An Indian manufacturer of CNC machines, competing in the domestic market with a diverse product range.

Strategic Collaborations and Partnerships

Huron Graffenstaden SAS: Acquired in 2007, this French company is a pioneer in 5-axis machining technology, enhancing Jyoti CNC Automation's technological capabilities and global reach.

Operational Insights

Jyoti CNC Automation's vertically integrated operations, including in-house foundry, machine shops, sheet metal, paint shop, and assembly lines, enable customization and production efficiencies, providing a competitive edge in the market.

Strategic Opportunities and Future Directions

Expansion into Electric Vehicle Manufacturing: With products like the VST 160, Jyoti CNC Automation aims to tap into the growing electric vehicle market.

Advancement in AI and Industry 4.0 Solutions: Continued development of AI-driven systems and Industry 4.0 solutions positions the company to lead in smart manufacturing technologies.