Jyoti Automation, a company in India, expects to be debt-free by 2025, according to its chairman and managing director, Parakramsinh Jadeja. After using the proceeds from its recent IPO to pay down debts, Jadeja predicts that the company’s interest expenses will decrease substantially. The company’s debt-to-equity ratio has already decreased from 10.2 times at the end of FY24 to 3.2 times at the end of the first half of the current financial year.