Jasch Industries Acquires US Based Indev Gauging Systems
Jasch Industries Limited has acquired US based Indev Gauging Systems Inc through its wholly owned subsidiary Jasch North America Co.
Formed in 1969, Indev is a web gauge measurement which measure important process variables such as thickness, weight and moisture content. It serves various industries including plastics, coatings, building products, non woven and textiles industries among others.
In early 1980s, Indev was acquired by Barbara-Coleman and later in 1991, The Numina Group acquired the company.
Delhi based Jasch Industries specialize in on-line measurement and control systems for flat sheet products, which include instruments such as thickness gauge, coating thickness gauge, paint thickness gauge, and basis weight/ash/moisture measurement gauges for industries, such as paper, plastic films, and steel. JIL’s manufacturing unit is located in Sonepat (Haryana).
Jasch started manufacturing PU/PVC coated fabric in 1994. The electronic gauge system segment became operational in 2002-03.The other group activities are in synthetic leather, non-woven, chemicals etc.
The company posted total revenue of Rs.19.9Cr with PAT of Rs.1.14 Cr for June 2011, while for FY2011 Total Revenue was Rs.75.567 Cr and PAT was Rs.3.02 Cr.
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|Jasch Industries Limited||
Jai Kishan Garg
|43/5 Bahalgarh Road||http://www.jasch.biz|
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