Murali Lal Lohia is the Emirates Chairman of the company Jupiter Wagons. Currently, the market capitalization of the company is more than Rs 13,300 crore. Reports suggest that his net worth is approximately Rs 7,900 crore.
New Delhi: Murari Lal Lohia, a rich Indian industrialist has secured a place in the Hurun India Rich List 2023. He is the Emirates Chairman the company Jupiter Wagons, a private manufacturing company of wagons and railway equipment. In the last 11 months, the establishment made returns of more than 253 percent.
In the year 2006, he launched the company in collaboration with his son Vivek Lohia. Currently, the market capitalization of the company is more than Rs 13,300 crore. Reports suggest that his net worth is approximately Rs 7,900 crore.
Jupiter Wagons
Murali Lal Lohia’s son Vivek Lohia serves as the Managing Director of Jupiter Wagons. The company manufactures not only railway wagons but also commercial electric vehicles under the subsidiary Jupiter Electric Mobility. The company gives a strong competition to Tata Motors and Mahindra & Mahindra. The company’s headquarters are in Kolkata.
Passenger coaches
As stated in the company’s website, Jupiter Wagons is set to introduce passenger coaches. In addition to manufacturing application-based commercial vehicles, marine containers, truck-mounted containers, and railway track solutions, the company is involved in manufacturing disc brakes. Additionally, the company launched two new vehicles at the Auto Expo 2023.
Company’s shares
In the financial year 2021-22, the share of rail wagons amounted to approximately 70 percent, while commercial vehicles now account for 24 percent. The acquisition of Commercial Engineers and Body Builders Company Limited (CEBBGO) in 2019 further contributed to the company’s portfolio.
BSE rankings
In the year 2022, Jupiter Wagons was listed in BSE. The company operates manufacturing plants in Kolkata, Jamshedpur, Indore, Jabalpur, and Baddi. The company manufactures 8000 railway wagons in a year. Jupiter Wagons has joint ventures with Tatravagonka, DAKOCZ and CAF, with global business players.
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