Rajeev Jhawar is the Managing Director of Usha Martin Limited. He has been the Vice Chairman of Usha Martin Education and Solutions Limited since September 2010. Rajeev Jhawar is also a director of Neutral Publishing House Limited. Established in 1960, Usha Martin was one of the leading steel producers and wire rope manufacturers in the country for a long time.
Established in 1960, Usha Martin was one of the leading steel producers and wire rope manufacturers in the country for a long time. The company underwent the incorporation process in the year 1986 under the name Usha Beltron Ltd. Wire rope manufacturer Usha Martin Ltd is driven by the aspiration to consistently grow their global scale and scope. Their focus and proactive investments and measures have enabled them to emerge as one of the most trusted companies in the field.
Rajeev Jhawar, MD of Usha Martin Limited focus on solidifying the leadership position of the company through the delivery of industry-leading quality products across our state-of-the-art manufacturing facilities. He also makes sure to leverage the capabilities of the R&D facilities of the company in Italy and India. Rajeev Jhawar and his team at Usha Martin is constantly striving to enhance manufacturing efficiencies and quality of their products.
To closely cater to the customers in other continents, Usha Martin has a wide network of offices in USA, Europe, UAE, South East Asia and Australia. They continue to engage with the customers to deepen relationships with them and build the brand recall and respect of the company. Rajeev Jhawar endeavours that the company have a close relationship with the customers to have a better understanding of their requirements.
Rajeev Jhawar also points out that 60% of their revenues are going in terms of EBITDA. The steel cycle has improved and over the last 2 quarters, the company has had a turnaround. It has been able to improve its bottom line both in the steel and wire rope business. Rajeev, Jhawar thought that it would be a good opportunity to sell the steel business at these levels so that they can get a better valuation. The wire rope will have a very strong residual company with a very strong balance sheet with an annual profit between 250 to 300 crores on a consolidated basis.
Rajeev Jhawar wishes a growth of at least 15 to 20% per year. It took them a year to build up the capacities in these areas. Now he is sure, that it is continuing in an ongoing basis. They can expand and grow at this rate over the next few years. Usha Martin, at large, will invest in the domestic market. It is also expecting a decent profitability growth in the following three years.