Incorporated in Jan.'87 as Zodiac Leasing Pvt Ltd in Bombay and promoted by Parag Parekh and Manish Parekh, Zodiac-JRD-MKJ's (ZJML's) name was changed to Zodiac-JRD-MKJ Pvt Ltd in Sep.'92. It was converted into a public limited company in Oct.'92. The Jhaveri family, better widely referred to as the JRD group, assumed full control of the company in Apr.'92. The existing unit is located on a lease-hold land at Dahisar, Bombay, to produce cut and polished diamonds (inst. cap. : 20,000 carats pa), and the installation of a further capacity of 5000 carats is in progress.

Originally engaged in leasing, finance and investment, ZJML now manufactures cut and polished diamonds. The company commenced manufacturing cut and polished diamonds after the takeover of the business by the firm, JRD Diamonds, in Apr.'92.

ZJML came out with an issue in Jun.'94 to part-finance the capacity expansion of cut and polished diamonds from 25,000 carats to 45,000 carats pa.