JSL Lifestyle, a subsidiary of Ratan Jindal promoted Jindal Stainless, is eyeing a Rs 3,000 crore turnover by 2025, a seven-fold rise from the present. It is also planning to list on the bourses.

JSLL, which manufactures stainless steel products such as window frames, bullet proof jackets, metro coaches and kitchen sinks, hopes to cash in on the ongoing capacity expansion to capture the market.

While it is expecting to close the year with a turnover of Rs 450 crore, a jump of over 60 per cent from the previous one, the big uptick may come three years down the line.

Rajesh Mohata, chief executive officer and executive director of JSLL, said the company is in the process of enhancing capacity and diversification, allowing it to capture a larger pie of the stainless steel application market. An investment of Rs 100 crore over three years is planned.

‘We are also exploring possibilities to take up idle capacity of other outfits or even acquisition, which will allow us to capture bigger pie quicker. There is no point reinventing the wheel,” Mohata said.

The biggest opportunity is going to come from the infrastructure segment.

The company, like its parent, is undergoing restructuring of business. Jindal Stainless and Jindal Stainless (Hisar), the two listed companies under Ratan Jindal’s stainless steel portfolio, are being merged after they emerged from their financial woes. The railway business of JSLL will be carved out even as the business from metro coaches will remain with the subsidiary.

“Our ambition is to be a separately listed company. There is a huge potential for growth. With lesser investment we can expand the market multifold. If we go at the right time to market, it will be attractive to new investors... However, I don’t see it happening earlier than 2023,” he said.