JCB’s chairman Lord Bamford, 72, unveiled the Staffordshire firm’s first electric excavator in March this year — the 1.9-ton digger produces zero emissions and is the company’s quietest machine yet. The business also recruited 600 new employees in the first half of the year, citing “unprecedented global demand” for its machines. Profits rose 36% to £221m in 2016, boosted by a new factory opened in Jaipur in 2014. The company first began operating in India in 1979 and the country now accounts for about 20% of JCB’s revenue.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2018
Rank17
CompanyJCB
ActivityConstruction machinery manufacturer
LocationStaffordshire
Sales £m2,621
Profit £m221
Year endDec 16
Principal shareholdersBamford family interests (100%)
Staff9,334
Founded1945
Websitewww.jcb.com

If applicable:

* Supplied by company † Annualised figure