Business Point Today

Rajeev Jhawar Usha Martin , Managing Director of Usha Martin Limited, expects that the domestic demand for Usha Martin’s products, particularly in the construction and auto sectors will start picking up after the monsoon season. According to Rajeev Jhawar, “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”. There should be a pick-up in demand during the festival season post-September-October, by which time the company hope that the Covid situation would also be brought slightly under control. He also forecasts his views on the various stimulus measures taken by the government to enhance the growth of the economy. UML’s wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. “The demand from construction, auto and oil sectors is down. Rajeev Jhawar also expects that additional infusion of government funds...

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, which include oil & offshore, cranes, mining, elevators, aerials, fishing, conveyor belts and general engineering. Rajeev Jhawar Usha Martin is the Managing Director at Usha Martin Limited. He is the son of Brij Kishore Jhawar. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd. Rajeev Jhawar has been the guiding light of Usha Martin since its early days. Basant Kumar Jhawar, his brother Brij Kishore Jhawar and his son Prasant Jhawar along with the company's MD and his Nephew Rajeev Jhawar, took the company to great heights. While the family jointly held 51% of the stake, the rest of the retailers held only 49% of the stake. The two factions, both promoters of the wire and wire rope maker, had ...

Previous year proved to be most challenging in living memory as COVID-19 brought economies and businesses to a grinding halt. India was hit hard by the pandemic. Usha Martin Limited expects the Indian economy to rebound on the back of pent-up demand across sectors. Rajeev Jhawar , Managing Director of Usha Martin Limited hopes that Reserve Bank of India’s (RBI) monetary stimulus and the Government of India’s fiscal measures will bring the economy back to a sustainable positive territory. He believes that the substantial budgetary outlay on infrastructure by Government of India will augur well for their business. Rajeev Jhawar expects that the domestic demand for their products, particularly in the construction and auto sectors will start picking up after the monsoon season. “The various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon”, Rajeev Jhawar said. There should be a pick-up in demand during the festival seaso...

  Rajeev Jhawar , the son of Brij Kishore Jhawar, is an Indian industrialist with over three decades of experience in strategic management. 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. He has been the Managing Director at Usha Martin Limited since May 19, 2008, and in the three decades that he has been at the helm of the Usha Martin Group, he has accelerated growth, built a meritocracy and enhanced stakeholder value. Usha Martin started its business as a wire rope manufacturing company. The group has set new standards in the manufacture of wire rods, bright bars, steel wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. The company is also in the business activities of Steel, Wire & Wire Ropes.   Rajeev Jhawar is the Managing  Director of Usha Martin Limited   Rajeev Jhawar is th...

  Usha Martin is one of the world’s leading manufacturers of wire rope. Established in the year 1960, today Usha Martin is a multi-unit and multi-product organization. The wire rope manufacturing facilities located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK produce one of the widest ranges of wire ropes in the world. The infrastructural facilities are equipped with the latest state-of-the-art high-capacity machines to manufacture world-class products. Our Global R&D centre located in Italy is actively engaged in designing wire ropes and uses proprietary design software to develop products that are the best in class. Rajeev Jhawar has been the Managing Director of Usha Martin Limited since May 19, 2008.   Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Long-standing application in diverse sectors like Oil & Offshore, Mining, Crane, Elevator, Infrastructure etc. is the testimony of their expertise in manufac...

  Tata Steel manufacturing under Usha Martin which has a debt of over 4600 dot core-based is selling its steel business to Tata Steel for a total cost of close to around 4600 crore rupees which will help it wipe off its entire debt. Therefore, strengthening their balance sheet to remain focused on the mainstay business of wire rope business. it’s a good transaction but many things need to be understood. The deal is not yet a done deal because it requires the shareholder’s permission as well. As far as Usha Martin is concerned remember there’s another faction of the promoter group for twenty-five and a half per cent stake which has raised certain questions about this particular transaction where 75% of the total shareholders vote Rajeev Jhawar is the Managing Director at Usha Martin According to Rajeev Jhawar, the total debt is around 4500 to 4600 crores including the long term as well as all the working capital. With the transaction with TATA steel, the company is expected to rep...

  Mr. Rajeev Jhawar Managing Director  of Usha Martin    Rajeev Jhawar has been the Managing Director of Usha Martin  Limited since May 19, 2008.   He is also a director of Neutral Publishing House Limited.   Rajeev Jhawar has been the Vice Chairman of Usha Martin Education and Solutions Limited since September 2010.   The company has been bringing rich experience in the management of industrial enterprises for more than a decade.   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. 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 operatio...