In Conversation With, Mukeshkumar Navnitray Bhatt, Promoter and Executive Director, Jay Jalaram Technologies Limited
Having recently been listed on NSE Emerge, Jay Jalaram Technologies Limited is quite enthused about its future growth plans, reveals Promoter and Executive Director Mukeshkumar Navnitray Bhatt
Mukeshkumar Navnitray Bhatt
Promoter and Executive Director, Jay Jalaram Technologies Limited
“We are The Most Trusted Retail Chain of Gujarat”
Having recently been listed on NSE Emerge, Jay Jalaram Technologies Limited is quite enthused about its future growth plans, reveals Promoter and Executive Director Mukeshkumar Navnitray Bhatt
How has been your experience of SME listing and how has it helped you?
We are thankful to NSE Emerge for providing us this SME platform for launching our SME IPO. The SME IPO has been oversubscribed by 12.23 times, which was much higher than our expectations. With this we have made our presence across the world. Our company got listed on NSE Emerge on September 8, 2022 and in its wake an increasing number of investors from the securities market are reaching out to us by dealing in our shares. From the date of listing of our shares, investors are getting good returns and that speaks volumes about our performance.
What are your internal growth targets in terms of revenue and profits?
We are setting our growth targets on a quarter-to-quarter basis taking into consideration our retail stores that are in operation or will become operational in Gujarat and Uttar Pradesh.
What are your growth triggers?
We have on board well-experienced and knowledgeable directors, senior management personnel and a strong sales and marketing team and this has helped us in our journey of growth. We are the most trusted retail chain of Gujarat and our retail stores offer discounts, incentives, schemes, etc. from time to time to increase revenue and profitability. We operate our business through a variety of models to create win-win situations for the company as well as our franchise partners. The increasing use of internet and mobile usage is our biggest growth trigger.
What are your top three strategic priorities?
Our top three strategic priorities are:
■ Find out areas of improvement in the existing business for further growth in order to remain competitive in the market.
■ Explore a new customer base to be able to expand our business.
■ Retain and engage a qualified and experienced team to take the company to higher levels in terms of revenue, profitability, governance, market share, etc.
What are your business activities?
KORE Mobile, owned by Jay Jalaram Technologies Private Limited, is primarily engaged in the business of retailing electronic goods and accessories. It was incorporated in 2012 and majorly operates in Gujarat. Till April 31, 2022, the total store count was 82, out of which 10 were retail-owned and 65 were franchise based, as the company is following the franchise model for expansion. Our company is also engaged in electric bike retailing and its accessories under the brand name “Revolt” and has two stores as of now.