National Jute Manufactures Corporation Limited Business Operations and Products

The National Jute Manufactures Corporation Limited is a prominent player in the jute industry, and its business operations are a testament to its commitment to excellence. The company operates multiple units across the country, including its main unit at Narayanganj.

The corporation's main products include hessian cloth, jute yarn, and jute bag, all of which are made from raw jute. These products are used in various industries, including packaging, textiles, and construction.

The company's jute products are known for their durability and versatility, making them a popular choice among customers. The corporation's focus on quality has earned it a reputation as a reliable supplier in the market.

National Jute Manufactures Corporation Limited's business operations are designed to meet the growing demand for jute products, and its products are widely used in various sectors of the economy.

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National Jute Manufactures Corporation Limited produces a wide range of products from gunny bags to home decor items.

Their product line includes B Twill sacking cloth, which is a type of durable fabric used for various applications.

Floor mats and carpets are also manufactured by the corporation, making them a one-stop solution for interior decorating needs.

Their products also cater to the packaging industry with items like Tiffin Bags and Bottle Bags.

In addition to these, they also produce Ring Bags and 3 Fold Purses, showcasing their versatility in product design.

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The National Jute Manufacturing Corporation (NJMC) has a presence in several jute mills across the country.

National Company Limited, one of the mills under NJMC, has unfortunately been closed.

Alexandra Jute Mills Limited is another mill that has also been closed.

Union Jute Company Limited and Khardah Company Limited have also fallen under the NJMC umbrella, and both are currently closed.

The Kinnison Jute Mills Company Limited and RBHM Jute Mills Private Limited are the last two mills under NJMC, and they too have been closed.

Here is a list of the mills under NJMC:

Jute products are incredibly diverse, ranging from everyday essentials to decorative items.

Gunny bags, a classic example of jute products, are still widely used today for packaging and storage.

B Twill sacking cloth is another popular product made from jute, known for its durability and water resistance.

Water repellent geo-textiles are a more modern application of jute, used in construction and landscaping to prevent soil erosion.

Floor mats and carpets are also made from jute, adding a touch of natural elegance to any room.

Tiffin bags and bottle bags are practical products made from jute, perfect for packing lunches and snacks on the go.

The 3 Fold Purse is a stylish example of jute's potential in fashion and accessories.

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National Jute Manufactures Corporation Limited has seen significant growth in revenue, with a 1724.94% increase in 2023 compared to the previous year.

The company's financial performance has been impressive, with a substantial improvement in profitability and net worth. In 2023, the company's profit increased by 979.68%.

National Jute Manufactures Corporation Limited has taken several initiatives to improve its financial performance, including the adoption of a modernization scheme and the introduction of production contracts in place of labor contracts.

The implementation of these initiatives has led to encouraging results, with all three operating mills restarting production regularly under the new production-based contract.

Here are some key metrics from the company's financial performance in 2023:

The company's net worth has also seen an impressive increase, with a 13.59% growth in 2023 compared to the previous year.

National Jute Manufactures Corporation Limited is a company that is almost entirely owned by its promoter, with a holding of 100.00% as of 2023.

The company's ownership structure is quite straightforward, with no other major shareholders or investors.

In fact, the company's promoter holding is the only significant stakeholder, giving them complete control over the company's operations and decision-making processes.

As we explore the government and ownership structure, let's take a closer look at the current directors of the company.

Dhirendra Kumar is a Nominee Director, appointed on November 1, 2024, and is currently in office.

Moloy Chandan Chakrabortty serves as the Managing Director, appointed on December 17, 2019, and is still active.

Padmini Singla is also a Nominee Director, appointed on May 2, 2025, and is currently a part of the team.

Here's a brief overview of the current directors:

Pramod Abcsdd has held various positions at the company, including Whole-Time Director, Nominee Director, and Managing Director.

He was a Whole-Time Director from 31 May 2013 to 16 Jan 2015.

Pramod Abcsdd's tenure as Managing Director ended on 23 Jan 2015.

Here are the details of his roles and their cessation dates:

Pramod Abcsdd was also a Nominee Director from 26 May 2008 to 16 Dec 2020.

The Government Departments in Kolkata, West Bengal, have various tender opportunities.

Bids are invited for manpower outsourcing services, with requirements for administrative operators, office assistants, and office peons.

The National Jute Manufactures Corporation Limited, a government of India undertaking, has tendered for civil works such as repairing boundary walls at different jute mills.

A proposal for estimated bill of quantity for damaged boundary wall repairing work has been put forth by the corporation.

The corporation also needs an insurer for insurance coverage of plant and machinery, buildings, furniture, and fixtures.

A tender for engagement of a stock auditor has been issued by the corporation.

The corporation requires a valuer for physical verification and valuation of plant and machinery and buildings.

The corporation has issued a tender for engagement of a valuer for the same purpose.

The corporation needs an insurer for insurance coverage of plant and machinery, buildings, furniture, and fixtures for six of its jute mills.

The corporation has issued a similar tender for the same purpose.

The corporation has a requirement for a valuer to physically verify and value plant and machinery and buildings.

The corporation has issued a tender for a valuer to do the same.

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The ownership structure of a company can be a complex web of relationships, but sometimes it's surprisingly straightforward. National Jute Manufactures Corporation had a promoter holding of 100.00% in 2023.

This means that the company's ownership is highly concentrated in the hands of a single entity or group. The company had 1 subsidiary, which is a separate entity that is controlled by the parent company.

Having a single promoter holding can make decision-making easier, but it also means that the company is heavily reliant on that one entity for direction and resources.

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The Union Cabinet has approved the closure of National Jute Manufactures Corporation Ltd (NJMC) and its subsidiary Birds Jute and Exports Ltd (BJEL). This decision was made after years of struggling to keep the companies afloat.

NJMC has been incurring losses for several years and was under reference to the Board for Industrial and Financial Reconstruction (BIFR) since 1993. The company's primary product was hessian jute bags, which have seen a significant decline in demand over the years.

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The government has decided to shut down these two companies due to their commercial unviability. The land available with both the companies will be put to public use or other government use for the overall development of society.

NJMC has no staff or workers on its rolls, making the closure less impactful. BJEL also has no staff and its factory is not in operation, so the closure does not have any adverse implications.

The proposal aims to close loss-making companies and release valuable assets for productive use or to generate financial resources for developmental progress.

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