Jyoti CNC Automation IPO

Jyoti CNC Automation is a metal cutting CNC (computer numerical control) machine manufacturer. It was founded in 1991 and holds the third-largest market share in India as of Fiscal 2023. The company manufactures a range of 5-axis CNC machines, including CNC Turning Centers, CNC Turn Mill Centers, CNC Vertical Machining Centers, and CNC Horizontal Machining Centers. Jyoti CNC Automation’s customers are spread across industries like aerospace, defense, auto, general engineering industries, among others. Their '7th Sense' solution aligns with 'Industry 4.0,' automating diagnostic and analytical functions for CNC machines. With its vertically integrated processes, the company is able to deliver technologically pertinent and customized solutions. This helped them gain international clients, and now it caters to global clients like the Space Applications Centre – ISRO and Turkish Aerospace. The company has three manufacturing facilities: two in Rajkot, Gujarat (Indian Manufacturing Facilities), and one in Strasbourg, France. These facilities are equipped for the design, development, and manufacturing of their product range.;