This article is part of a series by Aric Olson, President of Jain Irrigation, Inc., on how Jain Irrigation built its global AgTech platform in a short period of 5 years. Look out for Part II and Part III releasing in coming weeks.
Jain Irrigation, Inc (“JII”) is a wholly owned subsidiary of Jain Irrigation Systems Limited (“JISL”) based in Jalgaon, India. In 2015 JII developed a strategic plan to create a leading AgTech irrigation company with a billion dollar target valuation. At around the same time, Mandala Capital invested a total of USD 120 million across the Jain group.
From 2015 to 2019 the company acquired Puresense Environmental, Observant, Pty. Ltd., and ETwater Inc.. Also, JISL’s sister company, NaanDanJain, acquired Gavish Control System (a leading nursery and greenhouse controls company) in 2014. JISL also formed a partnership with Agralogics.
Post the Mandala investment, JII had managed to bring together leading start-ups in remote sensing and irrigation automation and integrated the different technologies and supported their developmental roadmaps. At the same time, JISL, through the funds from Mandala Capital, made significant internal investments for the development of irrigation controllers, solar power controls and pumps, and fertigation pumps and controls.
By incorporating acquisitions as an integral part of the strategy, JISL could provide all of the leading agronomic monitoring tools and capabilities to its customers, as well as develop the ability to control irrigation systems, all in a short period of time.
In Part II of this series, we discuss the challenges faced and strategies for implementation.
CAIS, CID, MBA, CSSBB, CPIM, CSCP
President | Jain Irrigation, Inc.