Usha Martin Limited is the world's leading manufacturer of Wire, Wire Rope, Strand, Cable, Machinery and Pre-stressing Accessories. The company was established in the year 1960.
Today Usha Martin is a multi-unit and multi-product organisation attaining greater heights under Mr. Rajeev Jhawar. Rajeev Jhawar is the Managing Director at Usha Martin Limited and is the backbone of the company. He has been the MD of Usha Martin since May 19, 2008.
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 organisation. The wire rope manufacturing facilities of the company are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Usha Martin’s facility at Ranchi is one of the world’s largest wire rope manufacturing facilities under one roof. This unit at Ranchi manufactures LRPC strands, customised to have diversified application in Infrastructure, Renewable energy installations, Bridges etc. in addition to wire ropes. Usha Martin has enriched experience in manufacturing & supply of pre-stressing machines & accessories, backed-up by expert installation teams for Pre-stressing job.
The company was incorporated on 22nd May, and obtained the Certificate of Commencement of Business on 17th July, 1986. It was promoted jointly by Usha Martin Industries Ltd. (UMI) and Bihar State Electronic Development Corporation Ltd. (BSEDC).
Rajeev Jhawar has been the MD of Usha Martin since May 19, 2008. Rajeev Jhawar and his family hold 30 per cent of the total promoters’ stake of the company while the balance is with Prashant Jhawar and family.
Rajeev Jhawar headed Usha Martin Limited while the company was going through the turmoil. His dedication and willpower saved the company from the mayhem it went through for years. It was the commitment of Rajeev Jhawar that helped Usha Martin deleverage its balance sheet and reduce the debt from Rs.4600 crores as of 2018-19 to its current debt of Rs. 582 crores. Mr Rajeev Jhawar with over three decades of experience in strategic management was the right man for the moment. His leadership qualities, sharp business acumen, in-depth understanding of business administration and strategic decision making has taken Usha Martin Limited to an altogether higher growth trajectory which was the exact need of the moment. His strong willpower was seen in this turnaround by Usha Martin.