It came into existence due to the inception of JK Paper Mills in the early 1960s, which is now a publicly traded company.
The company is publicly listed on popular stock exchanges (Nifty 50 and Sensex) in India.
However, today a few other private limited companies and small-scale businesses around the town are also contributing towards the development of areas beyond Jaykaypur.
Children who grew up here achieved tremendous success in their careers and have fanned out to all corners of the globe.
For higher education, especially for engineering, students can go to GIET University, which is approximately 60 kilometers from Jaykaypur.