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Deep research dossier

Jakson Limited

Jakson Group (gensets, solar modules, BESS, electrolysers, EPC): ₹7,150 Cr FY25 audited Jakson Ltd; connection is a junior genset salesperson in Patna. LOW; route to Phaltan and Greater Noida plant leaders.

3/10 ICP fit
MSEDCL DISCOM
ISO 50001 ✓ Energy mgmt
LinkedIn network — LOW Referral & OEM network
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Bill band

₹194 Cr; EBITDA ₹424 Cr | MCA via TheCompanyCheck |

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Entry angle

a warm internal forward from Amar to Vinayak Lakare at Phaltan, pitched as press-shop and powder-coat demand stacking on the MSEDCL meter, with no mention of solar or BESS (Jakson sells those).

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Top flag

Confirm bill band on first call

Primary champion Amar Kumar Assistant Manager (Sales), Jakson Limited, Patna

Depth bar: LOW / network profile. Use [~] for estimates and [!] for unverified claims.

1. Company overview & snapshot

1.0 The connection — Amar Kumar

  • Current title: Assistant Manager (Sales), Jakson Limited / Jakson Group, Patna, Bihar (LinkedIn: ~1 yr 4 mo as AM as of Dec 2025; 11+ yrs total experience).
  • History: 5 yrs 3 mo as Sr. Sales Executive posted in Nepal (western and eastern Nepal), selling silent diesel generator sets through dealers and direct to factories, hotels, hospitals and petrol pumps. Earlier: BDM at GSP Group, intern at Aircel.
  • Authority: none over plant energy or capex. He is a territory salesperson in the Distributed Energy (genset) business.
  • Connection status: 1st-degree.
  • How to use him: (1) internal forward to the Phaltan plant head, who sits in the same business unit; (2) market intel on Bihar/Nepal factories that buy big DG sets because grid power is unreliable or expensive. Do not pitch him.
  • Name-collision note: an unrelated “Amar Kumar Singh” is a Manager at Jakson Infra in Bihar (civil/hydro, ex-KEC). Do not confuse the two.
  • Jakson Limited, CIN U74899DL1997PLC088808, unlisted public company, incorporated 13 Jul 1997, registered office 626, 6th Floor, DLF Tower-A, Jasola, New Delhi 110025. HQ A-43, Phase II Extn., Noida 201305.
  • Group entities: Jakson Engineers Ltd (solar modules/cells; MD Ivan Saha from Aug 2026), Jakson Green Pvt Ltd (66% subsidiary of Jakson Ltd; renewable EPC/IPP; CRISIL A+/Stable), Jakson Infra, Jakson Biofuels.
  • Restructuring in progress: NCLT Delhi allowed first motions in 2026 for (a) demerger of businesses into Jakson Infra Projects Ltd and (b) demerger into Jakson Powergen Ltd (board approvals 18 May / 2 Jun 2026; appointed date 1 Apr 2026). Jakson Ltd has 8 equity shareholders, 10 secured and 4,282 unsecured creditors. Expect the genset business to sit in a new legal entity during FY27.
  • Promoters: Gupta family. Sameer Gupta (Chairman), Sundeep Gupta (Vice Chairman), fourth generation Raghav Gupta (MD Jakson Infra), Siddhant Gupta (Director, Biofuels), Bharat Gupta (Director, Solar Modules & Cells). Bikesh Ogra is Vice-Chairman & CEO, Jakson Green (professional, ex-Sterling & Wilson Solar), not a promoter.
  • Credit: CRISIL AA-/Stable / A1+ on Jakson Ltd (Feb 2025).

1.2 What they make & where money comes from

Gensets 5–3,750 kVA (Cummins GOEM since 1982), solar PV modules (TOPCon/PERC, up to ~23% efficiency), BESS (3 kW to MW), alkaline/PEM electrolysers, 1G ethanol, plus EPC (T&D up to 765 kV, metro electrification, water, civil, solar EPC 6.5+ GWp). Distributed Energy contributed ~₹2,300 Cr of FY26 group revenue (Business Standard). CRISIL put DG segment turnover at ₹1,800–1,900 Cr in FY25.

1.2a Scale, MSME status & trade

FieldValueConfidence
Revenue (latest FY)Group ₹9,000+ Cr FY26 (self-reported); Jakson Ltd ₹7,150 Cr FY25FY26 PR / FY25 MCA
MSME classnot MSME (large)high
Employees~3,500 (group, 2026)company
Import intensityHigh for modules (cells, glass, frames)[~]
Export shareInternational offices in 12 countries; Cummins distributor in Bangladeshcompany

Revenue table

FYEntity / basisFigureSource
FY26Jakson Group, self-reported₹9,000+ Cr (+13%)Jakson press release 13 Apr 2026; Business Standard
FY25Jakson Group, self-reported₹8,000 CrJakson CSR Annual Report 2025
FY25Jakson Limited, filed₹7,150 Cr (+43%); PAT ₹194 Cr; EBITDA ₹424 CrMCA via TheCompanyCheck
FY25Jakson Ltd, rating estimate₹6,000–6,500 CrCRISIL rationale, Feb 2025
FY25Jakson Green Pvt Ltd₹3,022 Cr (FY26 est. ₹4,300–4,500 Cr)CRISIL, Aug 2025
FY25DG segment₹1,800–1,900 Cr est.CRISIL

Working revenue range: ₹7,000–9,000 Cr group, FY25–FY26 · confidence medium. The user’s “₹9,000+ cr” matches the self-reported FY26 number; FY26 audited accounts not yet seen. Note Jakson Green is a subsidiary, so do not add its revenue on top of Jakson Ltd.

1.3 Plants, addresses & footprint

SiteRoleNotes
Greater Noida, UP1.2 GW solar module plant, ~10 acres, fully automated, 2 × 600 MW linesStreet address not confirmed. A directory lists “A-43, Phase II, Surajpur, Greater Noida”, which looks like a mash-up with the Noida HQ address [!]
Noida, UPBESS (250 sets/yr) + 300 MW electrolyser plantNear HQ, A-43 Phase II Extn.
Phaltan, MaharashtraGenset plant: 12,500 gensets + 35,000 enclosures/yr, 17 acresLargest genset site
Kalsar, GujaratGenset plant: 2,500 gensets + 4,400 enclosures/yr, 7 acresOlder decks labelled this as Phaltan; treat Kalsar as the 2,500-unit site
Balaghat, MP150 KLPD grain ethanol, 27+ acres (2024)Steam/boiler heavy
Maksi, MP3 GW modules + 3 GW cells, under constructionCell lines are very power-intensive

The user listed five plants; the group says six manufacturing plants and names the five above plus Maksi as upcoming. Recommended pilot site if this ever opens: Phaltan (one MSEDCL meter, fabrication + paint + load test) or the Greater Noida module plant.

1.4 Leadership & CRM map

NameRolePlantLinkedInEmailWhy they matter
Amar KumarAM SalesPatna/in/amar-kumar-06219288amar.kumar@jakson.com (inferred)Connection; forwarder
Sameer GuptaChairmanGroupsearchunknownPromoter
Sundeep GuptaVice ChairmanGroupsearchunknownPromoter
Bahadur DastoorED & CFOGroupsearchinferred first.lastCommercial sign-off on group-wide tools
Sudhanshu PokhriyalCEO, Distributed EnergyGensets/BESSsearchinferredBU owner of Phaltan/Kalsar
Saurabh GargCOO, Distributed EnergyGensets/BESSsearchinferredLean/TPM background; ops sponsor
Vinayak LakarePlant Head, PhaltanPhaltan/in/vinayak-lakare-74954113inferredFull site P&L (ex-Mahindra Powerol)
Sachin MahalleHead of ProductionPhaltan/in/sachin-mahalle-a1a69b24ainferredLine owner, load-test schedule
Ivan SahaMD, Jakson EngineersSolar mfgsearchinferredOwner of module + Maksi cell capex
Sai Kumar VallampatiEVP Operations, SolarNoida/Gr. Noida/in/sai-kumar-vallampati-74a826312inferredEx-Subros, Sumitomo; ops sponsor
Durgesh VermaHead of Production, modulesGreater Noida/in/durgesh-verma-0721b567inferredLine owner
Gagan Deep ChananaCEO / MEO Growth ProjectsGroupsearchinferredBuilt BESS and solar rooftop businesses
Maintenance / E&I head (each plant)——name TBD — search—Would execute any Rx
Energy / utilities manager——name TBD — search—Likely not a named role

Decision path: Plant head (Lakare at Phaltan) or Solar EVP Ops proposes → BU CEO approves a small proof → group CFO only for multi-site. Amar has no place on this path.

1.5 Recent news & timing

  • Apr 2026: FY26 ₹9,000 Cr claim; five product launches (Genset Xtra, BESS, Solar Kit, mobile light tower, e-3W).
  • Aug 2026: Ivan Saha appointed MD, Jakson Engineers. New leaders often look for quick cost wins.
  • 2026: two demerger schemes at NCLT. Org charts will move; wait until the genset entity settles before pitching group-level.

2. Energy profile

DISCOM / supply: Phaltan → MSEDCL (HT industrial). Noida HQ / BESS / electrolyser plant → PVVNL. Greater Noida module plant → Noida Power Company Ltd (NPCL), the private licensee for Greater Noida [~] (confirm on bill).

2.1 Bill band, tariff & demand

  • Greater Noida module plant: ₹50 lakh–1.5 Cr/month [~]. Reasoning: two automated 600 MW lines (stringers, laminators, cleanroom HVAC, compressed air) at partial utilisation; wide band because utilisation is unknown.
  • Phaltan genset plant: ₹15–35 lakh/month [~] grid power. Fabrication, powder coating ovens, compressors; genset load testing burns diesel, not grid power.
  • Maksi cell plant (future): could exceed ₹5 Cr/month once cells run [~].

2.2 Generation, fuel & renewables

Own rooftop solar likely on module plant [~]; group has ~1.3 GWp IPP portfolio. Load-test diesel at genset plants. Ethanol plant needs a steam boiler.

2.3 EnMS, PAT, ISO, BRSR

ISO 9001/14001/45001 (OHSAS 18000 cited) on module plant. No ISO 50001 found. Unlisted, so no BRSR. Group ESG page lists “Energy Management” generically.

2.4 Likely ₹ leak categories

Module plant: laminator heat-up stacking at shift start, compressed air leakage, cleanroom HVAC running through idle shifts. Phaltan: powder-coat oven idle hold, welding/compressor stacking, contract demand set above actual peak.

3. Operations, equipment & digital stack

3.1 Process flow & critical loads

Modules: cell stringing → layup → lamination → framing → IV test. Gensets: sheet-metal canopy and base-plate fabrication → paint/powder coat → engine-alternator assembly (Cummins engines) → load test → PDI → pack.

3.1a Machine inventory

ClassPresent?Count / size if publicOEM / brand if namedNotes
Press / stamping, sheet metalYes35,000 enclosures/yr at Phaltanunknowncanopy fab
Paint / powder coatLikely [~]unknownunknownPhaltan
Module lines (stringer/laminator)Yes2 × 600 MWJinchen team referenced on Durgesh Verma profile [!]Greater Noida
Load-test banksYesunknownunknowndiesel
Compressors / HVACYesunknownunknownutility

3.2 Shifts & pattern

Gensets: two-shift fabrication, seasonal demand peaks before monsoon and with CPCB IV+ transitions. Modules: continuous where orders allow.

3.3 Automation, metering, SCADA/EMS

Group CIO Tarun Anand (SAP background). No public EMS vendor. Module lines will have line PLC/MES data; Path A (existing meters + MES) likely workable.

3.4 Capex

6 GW Maksi plant; 300 MW electrolyser line; new genset products. Energy proof could ride on Maksi commissioning later.

4. Stamped Energy fit analysis

4.1 ICP scorecard

GateResult
Bill ≥ ₹30L/moLikely pass at Greater Noida; borderline at Phaltan
GeographyGreater Noida passes (North India); Phaltan outside core belt
VerticalElectrical equipment / solar manufacturing: adjacent
Champion via connectionFail: junior sales, wrong function
ConflictJakson sells solar, BESS and DG sets to the same factories Stamped targets. Partly a competitor for “energy cost” mindshare, partly a channel

4.2 Fit score rationale

3/10. Real plant loads exist, but the connection has no path to them except a polite internal forward, and Jakson’s own energy businesses make it a mixed partner/competitor.

4.3 Wedge

The strongest wedge is: a warm internal forward from Amar to Vinayak Lakare at Phaltan, pitched as press-shop and powder-coat demand stacking on the MSEDCL meter, with no mention of solar or BESS (Jakson sells those).

4.4 Objections & competitors

“We sell energy solutions ourselves” → Stamped is decision software on top of meters; it can make Jakson’s BESS/solar sizing more credible for their customers (partner angle). “Group IT handles software” → plant-level proof first.

4.5 Pilot design

One Phaltan HT meter, 60-Day Proof, success = one evidence-verified ₹ line on demand or oven idle. Kill if no interval data.

4.6 Concern scores

ConcernScoreWho owns itWhy this score
Energy / electricity bill4Plant Head PhaltanAssembly-led site; bill moderate
Maintenance / uptime / utilities5Maintenance (TBD)Compressors, ovens
Production line / OEE / dispatch7Sachin MahalleSeasonal genset volume
Overall plant efficiency6Vinayak LakareSix Sigma push visible on LinkedIn

4.7 Pitch sketches

  1. P&L: One Phaltan meter, rupee value of demand stacking at shift start, 60-Day Proof, verified with evidence.
  2. Maintenance: Oven idle and compressor leaks as WhatsApp tasks, not another dashboard.
  3. Production: Never touch the load-test schedule; only shift non-critical loads.

5. Before you reach out

5.1 Discovery checklist

  • Which legal entity will own Phaltan after the Jakson Powergen demerger?
  • Phaltan sanctioned load, MSEDCL consumer type, recent MD vs contract demand
  • Does the Greater Noida module plant sit on NPCL or a captive feeder?
  • Is there any plant energy manager at either site?
  • Does Amar’s Bihar customer list include large HT factories (rice mills, cement grinding, steel re-rolling)?
  • Would Jakson want a channel partnership (Stamped as Rx layer bundled with their BESS sales)?
  • Status of Maksi cell plant commissioning date

5.2 Do not lead with

  • Do not lead with solar, BESS or DG replacement; Jakson sells all three.
  • Do not ask Amar for a meeting with the Chairman.

5.3 Opening hooks

“Your Phaltan press shop and paint line probably set the month’s MSEDCL peak in the first hour of the shift. We can show which machine, read-only.”

6. Risks, flags, controversies & sources

6.1 Integrity / controversy / regulatory

  • Two NCLT demerger schemes (2026) will reshuffle legal entities and possibly leadership; outreach targets may change roles.
  • Jakson Ltd was the operational creditor that pushed Three C Universal Developers into insolvency (2019); related NCLT orders discuss a ₹413 Cr loan claim and alleged fraudulent land deals by Three C’s suspended directors. Jakson is the claimant there, not the accused.
  • Customer review (Dec 2025) complains of slow service on Jakson poly modules; one-off, low weight.
  • Searched “Jakson Limited controversy / raid / penalty / lawsuit / NCLT 2025 2026”: no regulatory penalties or raids found.

6.2 Data quality flags

  • Greater Noida plant street address unverified.
  • Kalsar vs Phaltan capacity labels swapped across deck versions.
  • FY26 ₹9,000 Cr is self-reported; FY25 ₹7,150 Cr is the only filed figure seen.

6.3 Sources consulted