Rajeev Jhawar is the managing director of Usha Martin Limited, and in the three decades that he has been at the helm of the Usha Martin Group. His leadership qualities, sharp business acumen, in-depth understanding of business administration and strategic decision making has taken the Group to an altogether higher growth trajectory.
The Jhawar Family owns the Neutral Publishing House Limited, through many of its companies.
Usha Martin was founded by Basant Jhawar, a commerce graduate, in 1960, at Ranchi, in collaboration with Martin Black of the UK. He was later joined by his younger brother Brij K Jhawar, a mechanical engineer. The first wire rope reel rolled out of the company in 1962. Its public issue in 1961 was oversubscribed by more than 300 per cent.
In 1963, the company paid its maiden dividend and doubled the production from 3,600 tonnes to 7,200 tonnes in just two-and-a-half years. It soon became one of the largest manufacturers of wire ropes in the world and the leading speciality steel manufacturer in India. The steel division was recently sold to Tata Steel’s arm Tata Sponge, which was later renamed Tata Steel Long Products.
With a history of over 60 years, the company now has manufacturing bases of wire rope in India, the UK, Dubai and Bangkok.
Both Basant and Brij have grown the business into a large wire rope conglomerate in the country. Later on, their sons joined the business.
Rajeev Jhawar, the son of Brij Kishore Jhawar, was involved in the manufacturing of products. And he does his part perfectly. Rajeev then took charge of the company, which later acquired some wire rope companies in Europe and turned the business profitable.
Rajeev Jhawar is an industrialist with over three decades of experience in strategic management. He is an alumnus of Ranchi University and London Business School and completed Management Development Course at the University of Pennsylvania. Thus, he is a well-qualified person with vast experience in the fields of strategic management.
He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. He Rajeev Jhawar has been Vice Chairman of Usha Martin Education & Solutions Limited since September 2010. Mr Rajeev has been associated with the company for more than a decade and brings with him rich experience in the administration of industrial enterprises, the company said in a regulatory filing. 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.