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Rajeev Jhawar is hopeful that this will be a boon to Usha Martin Limited
Rajeev Jhawar, Managing Director at Usha Martin Limited is the son of Brij Kishore Jhawar. He has been the MD of Usha Martin since May 19, 2008. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd. The company has a global base of wire rope manufacturing, with facilities located in India, the UK, Dubai and Bangkok.
Rajeev Jhawar Usha Martin Cautions all to Remain Agile and Responsive
Rajeev Jhawar, and Indian Industrialist and son of Brij Kishore Jhawar is the Managing Director of Usha Martin Limited. He started his journey as the vice president (commercial) and became the Managing Director of the company in 1998. Established in the year 1960, Usha Martin Limited is a multi-unit and multi-product organization in the wire rope business. They are one of the world's leading manufacturers of wire rope. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.
Usha Martin, Working Towards Strengthening its Rope Business Rajeev Jhawar
Usha Martin Rajeev Jhawar Limited is one of the world's leading manufacturers of wire rope. Rajeev Jhawar, the son of Brij Kishore Jhawar, is the managing director of Usha Martin Limited. He has been at the helm of the Usha Martin Group for three decades. He is also the Director of Neutral Publishing House Ltd.
Rajeev Jhawar Usha Martin Focussing on Enrichment of Product Mix
Usha Martin Limited is one of the world's leading manufacturers of wire rope. With over six decades of experience, Usha Martin have established themselves as a globally recognised multi-unit and multi-product organisation through consistent delivery of superior quality products and services. Rajeev Jhawar, the son of Brij Kishore Jhawar, is the managing director of Usha Martin Limited. He has been at the helm of the Usha Martin Group for three decades. He is also the Director of Neutral Publishing House Ltd.
Rajeev Jhawar Usha Martin Feels that Going to be a Debt-Free Company
Usha Martin under Rajeev Jhawar is on a new start. After all that had happened in the recent past, the company is in the path for a new start. And it has already taken sprout under the leadership of Rajeev Jhawar Usha Martin. The company's global R&D centre in Italy is actively engaged in the design of wire ropes and uses property design software to develop products. The company also has a comprehensive R&D facility in its manufacturing unit at Ranchi. "Product innovation that meets the customers' needs is a continuous process for us. We are a major supplier of several OEMs," explains Devadip Bhowmik, director, sales & marketing, UML.
"Working Towards Build Up its Rope Business" - Rajeev Jhawar Usha Martin
Usha Martin Limited is one of the world's leading manufacturers of wire rope. Rajeev Jhawar, the son of Brij Kishore Jhawar, is the managing director of Usha Martin Limited. He has been at the helm of the Usha Martin Group for three decades. He is also the Director of Neutral Publishing House Ltd.
"We expect post monsoon things should be better",Rajeev Jhawar Usha Martin
Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited since May 19, 2008. Established in the year 1960, Usha Martin is a multi-unit and multi-product organization in the wire rope business. Usha Martin is one of the world's leading manufacturers of wire rope. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd. He is also a Member of The Institute of Chartered Accountants of India and Member of The Institute of Cost & Works Accountants of India and on the board of 17 other companies.
Rajeev Jhawar Strives to Upbring Usha Martin to Greater Heights
Rajeev Jhawar is an Indian industrialist and son of Brij Kishore Jhawar. He is the Managing Director of Usha Martin Limited. He started his journey as the vice president (commercial) and became the Managing Director of the company in 1998. Established in the year 1960, Usha Martin Limited is a multi-unit and multi-product organization in the wire rope business. They are one of the world's leading manufacturers of wire rope. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.
Rajeev Jhawar Establish Usha Martin as a Global Player
Usha Martin is a leading manufacturing company known for making a wide range of wire rope products, which have applications across the world. The ropes manufactured by Usha Martin serve in some of the most critical applications across diversified industrial segments. Today Usha Martin is a multi-unit and multi-product organisation attaining greater heights under Managing Director, Rajeev Jhawar. He is also the Director of Neutral Publishing House Ltd.
"Cost Reduction is a Continuous Journey of Usha Martin" says Rajeev Jhawar
Usha Martin Limited is one of the world's leading manufacturers of wire rope. With over six decades of experience, Usha Martin have established themselves as a globally recognized multi-unit and multi-product organization through consistent delivery of superior quality products and services. Rajeev Jhawar, the son of Brij Kishore Jhawar, is the managing director of Usha Martin Limited. He has been at the helm of the Usha Martin Group for three decades. He is also the Director of Neutral Publishing House Ltd.
Managing Director at Usha Martin-Rajeev Jhawar
Usha Martin is a leading manufacturing company known for making a wide range of wire rope products, which have applications across the world. The ropes manufactured by Usha Martin serve in some of the most critical applications across diversified industrial segments. Today Usha Martin is a multi-unit and multi-product organisation attaining greater heights under Managing Director, Rajeev Jhawar. He is also the Director of Neutral Publishing House Ltd.
Usha Martin's Growth Under Rajeev Jhawar
Rajeev Jhawar, Managing Director at Usha Martin Limited is the son of Brij Kishore Jhawar. He has been the MD of Usha Martin since May 19, 2008. Usha Martin Limited had gone through mayhem with a huge debt burden and a family dispute for several years. After hoarding off its steel division to Tata in 2019, Rajeev Jhawar cleared most of the debts of the company and uplifted Usha Martin to its current healthy position. The current debt of the company reduced to Rs.582 crore from Rs.4,600 crore as of 2018-19. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd.
Post Covid Expansion of Production Views by Rajeev Jhawar Usha Martin
Rajeev Jhawar is the Managing Director of Usha Martin Limited and has been the Head of Usha Martin Group for over three decades. His leadership qualities, sharp business acumen, deep understanding of business administration and strategic decisions led the group to a high growth trajectory as a whole. The pandemic outbreak of the corona virus globally and in India has led to significant economic unrest and slowdown. Rajeev Jhawar shares his observation about the industry post covid.
Leadership of Rajeev Jhawar Leads Usha Martin Success
Established in the year 1960, Usha Martin Limited is a multi-unit and multi-product organization in the wire rope business. They are one of the world's leading manufacturers of wire rope. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Usha Martin produces one of the widest ranges of wire ropes in the world. Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited. Usha Martin Limited is all set to start a new chapter in the new financial year. Rajeev Jhawar expects domestic demand for wire ropes to rise post-monsoon.
Rajeev Jhawar ,"The demand from said sector shall sustain in the next fiscal"
Rajeev Jhawar always strives to upbring Usha Martin to greater heights. The stock of the wire rope manufacturer Usha Martin has zoomed 54 per cent in the past one month as compared to a 4 per cent rise on the S&P BSE Sensex. The stock traded at its highest level since January 2008, when it hit a record high of Rs 154.Shares of Usha Martin hit an over 14-year high of Rs 134.40, on soaring 8 per cent on the BSE in intra-day trade extending its month-long rally. Meanwhile, for the first nine months ended (April to December) of financial year 2021-22, Usha Martin had reported a strong 119 per cent year-on-year (YoY) growth in its consolidated net profit at Rs 182.70 crore.
Usha Martin all set for a new start under the Guidance of Rajeev Jhawar
Rajeev Jhawar has also cautioned all to remain agile and responsive to the changing market needs and focus on increasing market share in high contributory products. Rajeev is bullish about the segment and expects oil & gas, ports and shipping to be the growth drivers. On a consolidated basis, 35-40 per cent of Usha Martin's revenue is from exports to Europe, South East Asia, the US and the Scandinavian countries.
Usha Martin's Upgradation of Business Under Rajeev Jhawar
Rajeev Jhawar shares his observation about the industry post covid. After the coronavirus, the industry witnessed a pandemic and subsequent lockdown disrupted overall economic activity. The Indian steel industry struggled to keep pace with the sharp fall in steel demand. Adverse market conditions forced steelmakers to cut their operations by up to 50% by the end of 2019-20 and early 2020-21. Further, Rajeev Jhawar Usha Martin also makes his views on the various stimulus measure taken by the government to enhance the growth of the economy.Rajeev Jhawar Usha martin limited, said the various measures announced by the central government to stimulate the economy are likely to bear fruit after the monsoon. While the pandemic has not yet been eradicated, the growth is likely to occur as all the industries had learnt to live together with the pandemic. Further Rajeev Jhawar also states that with steady infrastructure spending by the government, speciality products used in construction and infrastructural sector may be growth drivers for the company in the years to come.
Rajeev Jhawar Focuses on Expanding Usha Martin's Market Reach for Profit
Founded in 1986 as Usha Beltron Ltd, Usha Martin, led by Rajeev Jhawar, saw rapid expansion. Jhawar serves as MD and Executive Director and holds key roles in other firms. With a London Business School degree, he's an accomplished leader. UML made its first wire rope in 1962 and had a 300% oversubscribed IPO in 1961. They paid their first dividend in 1963 and tripled production in just 2.5 years. After exiting the steel business, Usha Martin is focused on growth and competitiveness. They are planning for sustainable growth, with manufacturing facilities worldwide. Usha Martin produces a wide range of wire ropes, wires, and strands in India and abroad.
"We had a Pivotal Year at Usha Martin"-Rajeev Jhawar
Rajeev Jhawar led Usha Martin currently focuses on expanding their capacities. "We have had a pivotal year at Usha Martin, as we moved into a phase of growth after significantly deleveraging our balance sheet over the past three years. We are now poised for expansion - enhancing our product mix, focusing on building share in international markets and investing in capacity increase", Rajeev Jhawar says. The second and third waves of the pandemic during the previous year continued to pose a serious challenge to the day-to-day working of the firm. But as a responsible organization, Usha Martin continued to prioritize the health and safety of its employees and their families, other stakeholders and the community at large.
"Economy will start Yielding Results Post-Monsoon", Rajeev Jhawar Usha Martin
The economy was badly struck by the pandemic and the subsequent lockdown. But the stimulus package by the government and the lifting of restrictions post lockdown showed signs of fresh growth. There should be a pick-up in demand during the festival season post-September-October, by which time they hope that the Covid situation would also be brought slightly under control. "While the demand for wire rope has been "fairly decent" in international markets, the domestic demand across various sectors has been very low due to the lockdown in the wake of the Covid-19 pandemic", Rajeev Jhawar added.
The Setback Head for Usha Martin - MD Rajeev Jhawar
Usha Martin is known for making a wide range of wire rope products, which have applications across the world. The ropes manufactured by Usha Martin serve in some of the most critical applications across diversified industrial segments, which include oil & offshore, cranes, mining, elevators, aerials, fishing, conveyor belts and general engineering. The outbreak of the corona virus pandemic globally and in India has caused significant disturbance and slowdown of economic activities.
Rajeev Jhawar- Usha Martin's MD
The commencement of the fiscal year 2021-2022 marked the onset of the second wave of the pandemic in India. The economy continued on its path of recovery underlined by a marked increase in public sector capex spending, especially infrastructure, robust exports, services sector rebound and improved consumption levels. According to Mr. Rajeev, quickly anticipating these challenges posed by the pandemic was the most important step that helped the company remain resilient in the previous financial year.
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Tata Steel to pare debt by $1 billion a year, expansion to be India centric
Tata Steel Ltd will continue to reduce debt by around $ 1 billion a year but the company does not aim to reduce it to net debt zero levels given its expansion plans, Chairman N Chandrasekaran told shareholders at the company's 115th Annual General Meeting on June 28.