CARE Ratings has assigned credit ratings to the bank facilities of JK Maini Precision Technology Limited and JK Maini Global Aerospace Limited, subsidiaries of Raymond Limited. The ratings, issued on December 31, 2025, cover various short and long-term facilities. The announcement highlights Raymond’s commitment to supporting its subsidiaries’ financial stability.
Credit Rating Details for JK Maini Precision Technology Limited
CARE Ratings assigned the following ratings to JK Maini Precision Technology Limited:
- Long Term Bank Facilities: CARE A+; Stable for ₹500.00 crore
- Long Term / Short Term Bank Facilities: CARE A+; Stable / CARE A1+ for ₹300.00 crore
- Short Term Bank Facilities: CARE A1+ for ₹150.00 crore
Credit Rating Details for JK Maini Global Aerospace Limited
CARE Ratings assigned the following ratings to JK Maini Global Aerospace Limited:
- Long Term Bank Facilities: CARE A; Stable for ₹265.00 crore
- Long Term / Short Term Bank Facilities: CARE A; Stable / CARE A1 for ₹170.00 crore
- Short Term Bank Facilities: CARE A1 for ₹65.00 crore
Details of Rated Facilities for JK Maini Precision Technology Limited
Long Term Facilities : ₹500.00 crore
Term Loans:
- Bank of Maharashtra: ₹300.00 crore (Last date of repayment: June 30, 2030)
- Axis Bank Ltd.: ₹120.00 crore (Last date of repayment: July 31, 2031)
- IDFC First Bank Ltd.: ₹65.00 crore (Last date of repayment: July 09, 2029)
- HDFC Bank Ltd.: ₹11.80 crore (Last date of repayment: August 08, 2029)
- Proposed: ₹3.20 crore
Short Term Facilities : ₹150.00 crore
Non-Fund Based Limits:
- HDFC Bank Ltd.: ₹50.00 crore
- State Bank of India: ₹35.00 crore
- Axis Bank Ltd.: ₹15.00 crore
- Proposed: ₹50.00 crore
Long Term / Short Term Facilities : ₹300.00 crore
Fund Based / Non Fund Based Limits:
- HDFC Bank Ltd.: ₹100.00 crore
- State Bank of India: ₹100.00 crore
- Axis Bank Ltd.: ₹80.00 crore
- Proposed: ₹20.00 crore
Details of Rated Facilities for JK Maini Global Aerospace Limited
Long Term Facilities : ₹265.00 crore
Term Loans:
- Axis Bank Ltd.: ₹130.00 crore (Last date of repayment: July 31, 2031)
- IDFC First Bank Ltd.: ₹35.00 crore (Last date of repayment: July 9, 2029)
- Proposed: ₹100.00 crore
Short Term Facilities : ₹65.00 crore
Non-Fund Based Limits:
- HDFC Bank Ltd.: ₹50.00 crore
- Axis Bank Ltd.: ₹15.00 crore
Long Term / Short Term Facilities : ₹170.00 crore
Fund Based / Non Fund Based Limits:
- Axis Bank Ltd.: ₹70,00 crore
- Kotak Mahindra Bank Ltd.: ₹50.00 crore
- HDFC Bank Ltd.: ₹50.00 crore
Source: BSE
