in partial fulfillment of the requirements for the degree of MASTERS OF BUSINESS ADMINISTRATION FROM CHRIST UNIVERSITY
SUBMITTED BY KIRTI KRISHNA SRIVASTAVA
ORGANISATION PROFILE The Company was incorporated as a private company on October 24, 1924 and acquired the running business of a partnership firm, namely M/s Juggilal Kamlapat Cotton spinning & Weaving Mills at Kanpur which was established in 1921. The Company was manufacturing cotton yarn. Gradually it started manufacturing of cotton fabrics and installed a full fledged process house. THE BEGINNING The J.K. Cotton Spinning & Weaving Mills was the harbinger of success for the J.K. Organisation. It was the forerunner of many subsequent businesses. It was the first textile mil set up by an Indian entrepreneur in Kanpur. The mill began operations in the year 1921 and was registered as a Private Limited Company, under the Joint Stock Company act in the year 1923. The mill operated continually for 68 years, until mass agitations against the KK Pandey Committee recommendations (on the rationalization of wages and workload norms) brought its operations to a standstill. Prior to the agitation, there were nearly 60,000 people working in the eight textile mills located in Kanpur. The workers were goaded into taking an agitation based approach on the recommendation of the Trade Unions and certain people with vested interests. The workers staged a Rail Roko (agitation by disruption of rail traffic). Workers and their family members squatted on the rail tracks for eight continuous days, bringing traffic on the Delhi-Howrah line to a complete halt. These workers rotated their sit-in duties every eight hours to ensure a round the clock disruption of traffic. Absolute anarchy ruled and the whole of the north and the east of the country suffered disruption in supplies. In the end, the workers won a pyrrhic victory. While the government was forced to revoke the recommendations on pay and work load, mill after mill downed shutters and a gradual decay seeped into the once thriving city. The textile mill sector was the worst hit. J.K. Cotton Spinning & Weaving Mills was forced to shut down operations on 15th May, 1989. Its few thousand employees were left jobless, signaling an era of almost permanent decline for the textile industry of Kanpur. THE NEW BEGNING Mr. Yadupati Singhania, the Director in charge of the mill, was determined to restart operations and made relentless efforts in that direction. He ensured that all relevant regulatory approvals were obtained. His efforts finally succeeded and, on 19th January, 2009, the mil reopened after an interval of 20 years!This was not just another reopening though; it was the rejuvenation of the mother unit and the one time flagship enterprise of the J.K. Organization. This is an unparalleled event as it is not often that a private company restarts operations with its old employees and machinery, after remaining locked out for 20 years! The reopening will ensure added employment and increased business in the city of Kanpur and help in furthering the citys development. The reopening of the J.K. Cotton Spinning & Weaving Mills is of significance because it marks the resurrection of the first industrial edifice established by the family. It has therefore, ensured that Lala Kamlapats legacy is once again a living entity, reminding us all of the deathless nature of enterprise and the enduring spirit of the entrepreneur who breathes life into it. Mr. Abhishek Singhania, young icon of Singhania family, is personally driving the growth & transformation of JK Cotton Spinning & Weaving Mills into one of Indias most technology advanced textile and garmenting company. He is also the Managing Director of JK Technosoft Ltd.
PRODUCTS- Initially the Company was manufacturing cotton yarn. Gradually it started manufacturing of cotton fabrics and installed a full fledged process house. To keep in line with market demand, the Company started manufacture of terycot (polyester blends) fabrics from 1970 and gradually more cotton looms were converted to manufacture of terycot fabrics. By Ninetees, the Company completely switched over to manufacture of Polyester/Viscose Blended fabrics consisting of Shirting, Suiting, Sheeting etc. and the same were sold under the brand name of Jaykaylon.
Yarn Dyed Shirting
Causal Line Formal Line Bi Stretch fabric for Sports line
BOARD OF DIRECTORS Dr. Gaur Hari Singhania Chairman cum Managing Director Mr. Yadupati Singhania Vice Chairman Mr. Anil Gupta Nominee of BIFR Mr. S.K.Kedia CFO,Company Secretary & Compliance Officer Mr. K.C.Agarwal Nominee of AFL Mr. Abhishek Singhania Chief Executive Officer