About Jindal Poly Investment & Finance Company Ltd
Jindal Poly Investment and Finance Company Limited, established in 2012, operates primarily as an investment holding company, focusing on investments within its group companies. A significant development occurred in 2017 when Jindal India Powertech Limited became a subsidiary, which led to several companies becoming step-down subsidiaries. However, Jindal India Thermal Power Limited and its associated entities ceased to be subsidiaries in 2017 and 2018 due to organizational restructuring.
In 2021, Jindal India Powertech Limited increased its stake in Jindal India Thermal Power Limited to 28.07%, thereby reclassifying it as an associate company. Subsequently, Jindal India Thermal Power Limited returned as a subsidiary after resolving financial obligations and regaining pledged shares. Additionally, Jindal India RE Limited was incorporated as a subsidiary of Jindal India Powertech Limited in November 2021. These strategic investments and organizational changes reflect Jindal Poly Investment and Finance's dynamic approach to managing its portfolio and enhancing its corporate structure.
