Jain Family Honoured with Barclays-Hurun Award for Pioneering Global Impact

Team FS

    25/Oct/2024

What's Covered Under the Article:

  • The Jain family of Jain Irrigation Systems Ltd. wins the prestigious Barclays-Hurun India Award.
  • Recognition for their global impact on agriculture, sustainability, and rural prosperity.
  • Other family businesses like Bajaj and Piramal also acknowledged for contributions.

On October 23, 2024, at the prestigious Four Seasons Hotel in Mumbai, the Jain family received the Barclays-Hurun India Family Business Award for Pioneering Global Impact. This recognition, part of the Hurun India Most Valuable Family Business Awards, underscores the Jain family's unwavering commitment to agriculture, innovation, and sustainable development through their company, Jain Irrigation Systems Ltd. (JISL). The award was accepted by Ashok Jain, Chairman of JISL, and Atul Jain, Joint Managing Director, alongside their family, cementing their legacy of excellence and transformative impact in rural India and beyond.

This honour is part of the prestigious Barclays-Hurun India Family Business List, which recognises leading family-owned businesses known for their commitment to innovation, business continuity across generations, and ethical wealth creation. The Jain family’s efforts have propelled JISL to unprecedented global success, bringing modern farming techniques and sustainable irrigation solutions to 126 countries worldwide. Other prominent family businesses on the list included the Bajaj family (Bajaj Group), Shroff family (UPL Group), Piramal family (Piramal Group), and Chauhan family (Parle Products), among others.

Legacy of Excellence and Innovation

Founded by Padma Shri Dr. Bhavarlal H. Jain in 1986, JISL began with a modest vision to make a difference in Indian agriculture. Dr. Jain, a dedicated Gandhian and philanthropist, laid the foundation of a company that would not only provide innovative irrigation solutions but also uplift rural communities across India. Today, his sons Ashok, Anil, Ajit, and Atul Jain carry forward his vision, each contributing to expanding JISL's footprint globally, from small Indian villages to international markets.

Over the past 40 years, the Jain family has committed themselves to empowering farmers by providing them with cutting-edge technology and sustainable farming practices. This journey of constant innovation and resilience has seen JISL become one of India's foremost agricultural corporations, celebrated for its integrated product and service offerings that benefit farmers, stakeholders, and the planet at large.

Commitment to Social and Environmental Impact

The Jain family remains steadfast in their mission to improve the lives of farmers and rural communities. Through JISL, they have created sustainable solutions that not only enhance productivity but also uplift entire communities by reducing poverty and debt cycles. With their ongoing commitment to serving the rural youth and farmers, they are making strides in shaping the future of agriculture and supporting food security. This dedication has positioned the Jain family as leaders in social impact and sustainability, setting a benchmark for other family-owned businesses across India.

Celebrating Family Legacy in Business

The Barclays-Hurun award ceremony celebrated families that have shown resilience and adaptability while remaining true to their core values. Each family was recognised for their ability to uphold traditions while achieving business continuity across generations. The Jain family’s recognition stands as a testament to their enduring legacy of integrity, innovation, and commitment to social change.

In honouring the Jain family, Hurun India acknowledged their global impact and transformational role in agriculture. The award recognises their pioneering work in sustainable practices, with JISL leading the way in the agricultural industry by transforming conventional farming and setting a global example in sustainable practices.

The Barclays-Hurun India Family Business List continues to be a beacon, shining a light on India's most valuable family-owned enterprises that contribute not only to the economy but to society as a whole. By receiving this award, the Jain family reinforces their position among India's top family-owned enterprises, inspiring future generations to combine business acumen with social responsibility.

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