Seattle Daily Star

Rajeev Jhawar is the son of Brij Kishore Jhawar, one of the two factions of the Jhawar family, who owns Usha Martin Limited. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. He graduated from London Business School and completed Management Development Course at the University of Pennsylvania. Rajeev Jhawar received his undergraduate degree from St. Xavier’s College. Rajeev Jhawar has been Vice Chairman of Usha Martin Education & Solutions Limited since September 2010. Rajeev Jhawar Usha Martin “We believe that we are at an inflection point. Having been able to stabilise our business, we are truly on our way to strengthen our operations and push the boundaries”, Rajeev Jhawar said on the expansion of the company in terms of capacities and increasing the business into new geographies. The strategic move of Rajeev Jhawar to sell Usha Martin’s steel business to Tata Steel had enabled them to...

 Usha Martin Limited expects to gain momentum in their international business as most countries where they are present have returned to near normalcy. Talking about exports, Rajeev Jhawar said the demand for wire rope has been ‘fairly decent’, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia. Exports account for close to 40 per cent of the company’s consolidated turnover, which stood at around ₹2,154 crore for the year ended March 31, 2020. Usha Martin, which sold its one-million-tonne integrated steel plant at Jamshedpur to Tata Steel for ₹4,200–4,600 crore, completed the first full year of operations of its wire rope business in FY20. Through the strategic move of selling UML’s steel division to Tata Steel, Rajeev Jhawar helped the company in enabling them to significantly de-leverage their balance sheet and free up critical cash pool, which they could invest in their profitable and sustainable wire rope business. The result of suc...

 Rajeev Jhawar, an Indian industrialist with over three decades of experience in strategic management is the managing director of Usha martin. He is an alumnus of Ranchi University and London Business School. He started his journey as Sr. Vice President (Commercial) and became the Managing Director of Usha Martin Limited in 1998. In the three decades that he has been at the helm of the Usha Martin Group, Rajeev Jhawar has accelerated growth, built a meritocracy and enhanced stakeholder value. Speaking about new research and development going on in Usha Martin Limited, Rajeev Jhawar confirms that global R&D centre of UML located in Italy is actively engaged in designing wire ropes and uses proprietary design software to develop products that are the best in class. Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. The wire ropes produced by UML have long-standing application in diverse sectors like Oil & Offshore, Mining, C...