About JNK India Limited

JNK India Limited, incorporated on June 14, 2010, is a combustion equipment company offering end-to-end capabilities in thermal design, engineering, manufacturing, supply, installation and commissioning of process-fired heaters, reformers and cracking furnaces. The Company is expanding into waste gas handling systems (flares and incinerators), renewable energy solutions including hydrogen production and distribution systems, solar PV EPC, and process plant development . It serves oil and gas refineries, petrochemical complexes, fertiliser plants and other chemical plants, working directly with asset owners as well as EPC contractors.

Headquartered in Thane, Maharashtra, the Company operates across India and serves markets in five countries. During FY 2024-25, it entered new international markets, including the USA and Malaysia, while earlier securing its first flare systems order in Nigeria  . JNK India has a manufacturing facility at Mundra, Gujarat.

The Company has two subsidiaries (one foreign and one in India) as on March 31, 2025 .

JNK India Limited Key milestones:

• 2022: Order book crossed Rs 500 crore; first purchase order for flare systems in Nigeria.
• 2024: Successful listing with IPO size of Rs 649 crore.
• 2024-25: First major cracking furnace order for Reliance; order book crossed Rs 1,000 crore; highest-ever annual order inflow of Rs 932.7 crore.

JNK India Limited Business Segments

Revenue by geography: Exports contributed 14.2% of turnover in FY 2024-25 (domestic constituted the balance).

JNK India Limited Key Management

• Arvind Kamath – Chairperson and Whole-Time Director
• Dipak Kacharulal Bharuka – Whole-Time Director & Chief Executive Officer .
• Goutam Rampelli – Whole-Time Director
• Pravin Vyankatesh Sathe – Chief Financial Officer
• Ashish Soni – Company Secretary & Compliance Officer

Latest Updates on JNK India Limited

• In a landmark year, JNK India completed its IPO and listing, strengthening its ability to pursue larger orders. 
• The Company reported record order inflow of Rs 932.7 crore and a robust order book of Rs 1,081.9 crore as of March 31, 2025, reflecting strong demand across petrochemicals and refining. 
• It won its first significant cracking furnace project for Reliance, broadened its combustion technology portfolio with important orders for flares and incinerators, and entered a pilot process plant EPC with HPCL . Internationally, JNK India expanded into the USA and Malaysia, adding to its five-country footprint .
• Credit quality improved during the year: CRISIL upgraded the long-term rating to A- from BBB+, and the short-term rating to A2+ from A2. The Company’s bank facilities carried ratings of CRISIL A-/Stable and A2+ during FY 2024-25.