What we do Jay Jalaram Technologies Ltd operates a nationwide retail chain offering multi-brand smartphones, consumer electronics, and electric bikes, serving diverse Indian markets with top global brands. |
Founded in 2,012 |
Market share Leading mobile retail chain in India with over 180 stores; growing presence in consumer durables and electric vehicle segments. |
Problem solved Provides accessible, reliable retail channels for consumers to purchase smartphones, electronics, and eco-friendly electric bikes with wide brand choice. |
Top clients or who we serve B2C customers across India in urban and semi-urban areas seeking premium smartphone and electronics brands plus electric mobility solutions. |
Key management Kamlesh Varjivandas Thakkar (Chairman & Managing Director) and Mukeshkumar Navnitray Bhatt (Executive Director), seasoned leaders in retail operations. |
Our journey and innovations Started as a private company in 2012; converted to public in 2022; IPO raised Rs 10.8 Cr; expanded into electric vehicles and consumer durables; expanded subsidiaries in tech services. |
Where we operate Operates retail outlets primarily in Gujarat, Uttar Pradesh, Delhi, Haryana, Rajasthan, Maharashtra; electric bike sales concentrated in Ahmedabad region. |
Top products or what we offer Smartphones from Apple, Samsung, Xiaomi; consumer electronics like TVs, ACs; Revolt electric bikes; branded accessories under KORE and EROK labels. |
Top brands KORE and EROK retail brands; multi-brand offerings including Apple, Samsung, Oppo, Vivo, TCL, Haier; Revolt electric bikes as exclusive dealer. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely cyclical with high volume sales during festive seasons; recurring dealer-network income minimal. |
Our industry position Among top organized multi-brand mobile and electronics retailers in India with growing EV market niche. |
Financial highlights FY2024-25 revenue Rs 667 Cr, 24% YoY growth; net profit Rs 6.25 Cr, 39% growth; expanding capital base via preferential issuances. |
Geographical revenue split Revenue mainly from Indian regions: Gujarat, Uttar Pradesh, Delhi NCR, Rajasthan, Maharashtra. |
Order book - |
Whats driving growth Rising smartphone demand, expansion of retail footprint, diversification into consumer durables and electric vehicles, investment in new stores. |
Our future plans Opening new stores across key states; leveraging subsidiaries for tech integration; expanding EV dealership footprint and consumer product lines. |
Our green promise Distributor of electric vehicles promoting sustainable mobility; has EPR registrations for waste electronics and battery disposal. |
Our people and values Operating with a professional management team; emphasis on compliance, corporate governance, and employee welfare. |
Key challenges ahead Supply chain constraints, competition from online retailers, scaling EV sales beyond Ahmedabad, and maintaining margin in consumer electronics. |
Interesting facts First mover in linking smartphone retail with exclusive electric bike dealership in Gujarat; IPO in 2022 raised Rs 10.8 Cr. |
Risks and strategy Mitigating market volatility via diversified product portfolio; strengthening supplier ties; focused regional expansion; governance enhancements. |
