Jabil Inc. is a US-based global manufacturing leader that provides end-to-end design, engineering, and production for electronic components, systems, and finished goods.

Jabil Circuit India Pvt Ltd, Apple's key supplier Jabil's arm, has leased a warehousing facility of 4.1 lakh sq ft. The facility is located in Ranjangaon, Pune district and is leased for a period of ten years at a monthly rent of ₹94.84 lakh, as per the property registration documents.

• The built-up area of the warehouse facility is approximately 3.17 lakh sq ft, whereas the chargeable area is 4.13 lakh sq ft.
• As per the transaction, there will be a lock-in period of five years from January 12, 2026 to January 11, 2031.
• The document includes a 10% rent escalation every two years from the lease commencement date which will be calculated on the last rent paid.
• According to the documents, Jabil Circuit has paid a security deposit of ₹5.69 crore.

Ranjangaon MIDC (Maharashtra Industrial Development Corporation), situated 50 km from Pune in Maharashtra, is a significant industrial hub, housing major manufacturing companies such as electronics, automotive and engineering sectors.

The warehouse in Ranjangaon is located on the Pune-Ahilyanagar Highway, providing connectivity and operational advantages. The documents further stated that the property has been sub-leased to Jabil by KVR Industrial Park Private Limited and owned by MIDC.

1. Mahindra Logistics Limited

In 2025, Mahindra Logistics Ltd had leased an industrial space of 2.97 lakh sq ft for a five-year tenure at a monthly rent of ₹71.37 lakh. Located near Pune at Sudhawadi on the Talegaon-Chakan Highway, the property is owned by Gauri Vijaya Induslog Park, as per the documents.

Another transaction took place by the company in 2025, wherein it leased a space from Karanje Emerald Logistics Park Pvt. Ltd. in Khed, near Pune. Registered on January 20, 2025, the transaction included a security deposit of ₹3.45 crore, registration fee of ₹1,000 and stamp duty payment of more than ₹18 lakh.

2. Steelcase Asia Pacific Holdings

Last year, the manufacturing company, Steelcase Asia Pacific Holdings, leased a warehousing space of 1.27 at a monthly rent of ₹46.42 lakh. Located in Indospace Industrial Park, the company leased two units at ₹36.37 per sq ft per month for five years. According to the documents, the lease commenced on January 29, 2025 and a six-month deposit of ₹2.78 crore was paid by the company.

3. Welspun One

In December 2025, Welspun One announced it would develop a 1.2 million sq ft Grade A logistics park by investing ₹550 crore. Located in Pune, in the Talegaon-Chakan belt, the company was allotted a MIDC-notified land parcel of 46 acres. The aim of this logistics asset was to connect factories to fulfilment and distribution networks, according to the company.

Jabil Circuit India's lease of a warehouse facility for a period of ten years at a monthly rent of ₹94.84 lakh in Pune's Ranjangaon MIDC highlights the area's growing importance as a manufacturing and logistics center for tech companies like Apple.

This move places Jabil within a developing ecosystem that includes other major players such as Mahindra Logistics, Steelcase, and Welspun One, signaling confidence in Pune's connectivity and its role in India's manufacturing strategy.