#RajeevJhawar

[rajeevjhawarushamartin]

Highlights from the conference call for Usha Martin's FY2023 profits

With a rich legacy spanning over six decades, Usha Martin stands as a global leader in the production of specialized steel wire ropes. The company boasts a diverse portfolio, offering an array of products including specialty wire ropes, premium wires, LRPC, custom-made end-fitments, accessories, and associated services. These offerings find applications in an array of industries such as oil and gas, ports, cranes, lifts, mining, fishing, renewable energy, construction, infrastructure, and general engineering.

In a bid to strengthen its commercial relationships, the company recently conducted a conference call to discuss its FY2023 earnings with analysts and investors. Rajeev Jhawar,Usha Martin Managing Director., expressed the company's commitment to holding such forums regularly, aiming to enhance transparency and cultivate stronger relationships within the investor and analyst community.

Usha Martin operates production facilities in India and overseas, with a presence in Thailand, the United Arab Emirates, and the United Kingdom. The company's strategic approach involves stocking and distributing through its network of distribution hubs in Southeast Asia, Australia, Europe, the United States, and the UAE, complemented by direct sales from its facilities. UML also operates specialized service centers, providing value-added services such as cutting, socketing, testing, inspection, and more. Additionally, the company runs a global R&D facility in Italy, dedicated to developing proprietary software for wire rope design.

Rajeev Jhawar shared insights into Usha Martin's successful debt reduction strategy. Formerly engaged in steel manufacturing, the company faced challenges due to industry downturns and high levels of borrowing. To address these issues, Usha Martin divested its steel business through a slump sale, significantly reducing its debt burden and enhancing its financial and operational standing. This strategic move marked a transformation from a commodity-oriented firm to a value-added, high-return-on-capital (ROC) enterprise, yielding improved margins and profitability, even amidst fluctuating raw material prices.

Furthermore, Jhawar emphasized the high barriers to entry in the wire rope industry, characterized by stringent client approval processes and complex applications. Usha Martin has taken deliberate steps to bolster its wire rope production capacity, diversify its product range, optimize costs, secure raw material sources, and fortify its financial position, aligning with its increased focus on specialized wire ropes.

Following its resurgence and stabilization, Usha Martin introduced a new dividend policy in FY22. Rajeev Jhawar proudly announced a recommended dividend of Rs. 2.5 per share for FY23, totaling Rs. 76.2 crore in cash flow after taxes. The company's commitment to shareholders remains unwavering, striking a balance between investing in growth opportunities and rewarding shareholders through dividends.

Jhawar concluded by affirming Usha Martin's triumph over past challenges and its significant strides over the last three years. He expressed optimism regarding the company's exciting prospects, poised to leverage the sector's substantial growth potential. Rajeev Jhawar anticipates continued support from the community and investors as Usha Martin embarks on a journey to create enduring, sustainable value for all stakeholders.

The session continued with Mr. Anirban Sanyal, Usha Martin's CFO, providing insights into the operational and financial highlights for the quarter ended March 31, 2023.

[wiseedition]

Rajeev Jhawar Intimated As Managing Director For The Following 5 Years By The Board Of Directors:

In the latest Intimation of change in the composition of Board in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rajeev Jhawar who have been the Managing Director of Usha Martin till date have been reappointed for the next 5 years. The re-appointment of Mr. Rajeev Jhawar [DIN: 00086164] as Managing Director is for a term of five years effective from 19th May 2023 and is subject to requisite approvals under applicable laws.

[daily-media]

Rajeev Jhawar’s hard work on UML towards sustainable growth sees results: "Certificate of Achievement" and "Award of Honour” for Usha Martin’s facilities

 Leading manufacturer Usha Martin is well-known for producing a variety of wire rope goods that are used all over the world. The Usha Martin ropes are used in some of the most crucial applications in a variety of industrial sectors. All ofthe company’s infrastructural facilities are equipped with the latest state-of-the-art high-capacity machines to manufacture world-class products.

Rajeev Jhawar Usha Martin obtained the first BIS license in Feb'1964 on IS-1855 for the Winding Rope. Under the leadership of Rajeev Jhawar, currently UML holds 19 different licenses with BIS, and on this journey, they have gradually developed many standardized and sustainable products for the customers.

On World Standards Day, the Bureau of Indian Standards (BIS) presented the "Certificate of Achievement" to UML's Ranchi, India, manufacturing facility for creating numerous standards that apply to steel wires and wire ropes over the previous 60 years. The Bureau of Indian Standards also gave Usha Martin's manufacturing facility in Hoshiarpur a "Award of Honor”.

The Bureau of Indian Standards (BIS) presented Usha Martin's production facility in Hoshiarpur, northern India, with the "Award of Honor" for being the first BIS licensee of IS 9962-1981 in the nation for producing steel wires for needles. This also was given on the World Standards Day.

The award makes Rajeev Jhawar and his colleagues incredibly happy. All the stakeholders in the organization who are striving towards sustainable development will reach a new milestone thanks to this renowned award. Rajeev Jhawar is looking forward to collaborating more closely with BIS and enhancing the industry's users, regulators, and other stakeholders by providing goods and services that meet the highest international standards.

This will help the industry create sustainability. Usha Martin and the team, led by Rajeev Jhawar, are thrilled to receive this distinguished award from the Bureau of Indian Standards for this great accomplishment for the company.Many more senior executives from many businesses attended this seminar.

They talked about BIS's function, contribution, and beneficial partnership in promoting sustainability by standardizing goods and services. This honorable accolade, according to Rajeev Jhawar, further solidifies their dedication to sustainable development.

[buglecourier]

ROCE trends and its reflection on Usha Martin’s performance following Rajeev Jhawar’s high skilled strategies

Usha Martin Limited is one of the world’s leading wire rope makers. Usha Martin Group is a dynamic organisation that is a global pioneer in developing innovative solutions to industry-wide problems. According to the most recent data on Usha Martin returns, the profit generating strategies implemented by Rajeev Jhawar, Managing Director of Usha Martin Ltd., have begun to bear fruit. Rajeev Jhawar Usha Martin is an industrialist with over three decades of strategic management expertise.

In an ideal scenario, we’d like to see a corporation pouring more capital into its operations while also boosting the returns on that capital. Simply put, these companies are compounding machines, which means they are constantly reinvesting their profits at ever-increasing rates of return. So, Usha Martin and its ROCE trend based on Rajeev Jhawar’s techniques are amazing.

ROCE trends and its reflection on Usha Martin’s performance following Rajeev Jhawar’s high skilled strategies

ROCE is a statistic used to assess how much pre-tax income (in percentage terms) a company earns on capital invested in its operations. Usha Martin has a 19% ROCE. That is a typical return on its own, but it is significantly more than the 15% provided by the Metals & Mining industry. In terms of ROCE growth, Usha Martin has not disappointed Rajeev Jhawar. According to the data, returns on capital have climbed by 569% in the last five years.

The company is now making 0.2 rupees on every dollar invested. In terms of capital utilised, the company is actually using 44% less than it was five years ago, which can be suggestive of a corporation that is becoming more efficient. This is the consequence of Rajeev Jhawar Usha Martin dedication and strategic methods in taking the company to new heights.

On a related note, the company’s current liabilities to total assets ratio have dropped to 26%, reducing its reliance on short-term creditors or suppliers for finance. As a result, Rajeev Jhawar is glad to inform shareholders that the increase in returns has been driven mostly by underlying company performance.

In a nutshell, we’re thrilled to see Usha Martin deliver more results with less capital. And, with the company performing very well over the last five years under Rajeev Jhawar’s leadership, investors are taking these tendencies into account.

[businessnewsupdates]

Rajeev Jhawar Usha Martin, Affirms That The Overseas Operations of UML Provide a Significant Synergy And Support To The Overall Business Performance

Rajeev Jhawar Usha Martin, Affirms That The Overseas Operations of UML Provide a Significant Synergy And Support To The Overall Business Performance

Rajeev Jhawar’s Usha Martin is one of the leading wire rope manufacturers in the country. Rajeev Jhawar also the Director of Neutral Publishing House Ltd. Usha Martin underwent the incorporation process in the year 1986 under the name Usha Beltron Ltd. Since its inception, the company had been seeing immense growth and was elegantly walking up the ladder for the past 50 years. Some of its…

[trustednewstribune]

Rajeev Jhawar Affirms That The Overseas Operations Of Usha Martin Provide a Significant Synergy And Support To The Overall Business Performance

Usha Martin is one of the leading wire rope manufacturers in the country. Rajeev Jhawar, the son of Brij Kishore Jhawar, is the managing director of Usha Martin Limited. He is also the Director of Neutral Publishing House Ltd. Usha Martin underwent the incorporation process in the year 1986 under the name Usha Beltron Ltd. Since its inception, the company had been seeing immense growth and was elegantly walking up the ladder for the past 50 years. Some of its manufacturing units are set up in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.

Product innovation that meets the customers’ needs is a continuous process for Usha Martin. They are a major supplier of several OEMs. The market leader in India in wire ropes, Usha Martin has the capacity to produce a wide range — from 4.8 mm to 130 mm in diameter — of wire ropes. USP of Usha Martin is diverse quality products that cater to large customers. It is the concept of a ‘super market’, where one can pick up everything under one roof. Describing the advantages of the overseas operations, Rajeev Jhawar Usha Martin affirms that these operations provide a significant synergy and support to the overall business performance. It also helps us to spread the offerings across the globe.

The Covid pandemic had adversely impacted UML’s demand but the international market has opened up slowly. Rajeev Jhawar thinks that in the next five years, the segment will see good demand. Mr. 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 Limited also has an enviable track record in manufacturing & supply of pre-stressing machines and accessories, backed by expert installation teams for Pre-stressing jobs. The facility in Ranchi also has an additional set-up for manufacturing high quality conveyor cords. Usha Martin Limited is currently gearing itself up to deal with all possible opportunities and adversaries during these uncertain times. According to Rajeev Jhawar, one of the key focus areas for growth of the company shall be enrichment of product mix by reducing low contributory items and focusing more on high value-added products, with the aim to shift the focus from volume to value.

In addition to enriching the product mix and expanding footprint in new geographies, Usha Martin will also continue to focus on areas like enlarging product basket and deliverables, moving up the value chain through service networks, strengthening network and market reach through digital platforms, strategic brand positioning and imbibing environmental, social and governance aspects in their business practices. With these plans in hand, Rajeev Jhawar and Usha Martin Limited remains confident of making deeper inroads into international markets with high contributory products.

The Global R&D center of Usha Martin located in Italy is actively engaged in designing of wire ropes and uses proprietary design software to develop products that are the best in class. Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Usha Martin’s facility in Ranchi is one of the world’s largest wire rope manufacturing units. Other than wire rope, this unit also manufactures LRPC strands, customized for diversified applications in Infrastructural development works, Renewable energy installations, Construction and Maintenance of Bridges etc.

[online-journalist]

Rajeev Jhawar’s Usha Martin Is All set for A Major Expansion In This Financial Year Including Enhancing Product Mix And Capacity Increase

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. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is also the Director of Neutral Publishing House Ltd. COVID-19 created significant supply chain disruptions resulting in high cost of logistics. Prices of many of the key raw materials of Usha Martin Limited were also at record highs. Quickly anticipating these challenges posed by the pandemic was the most important step that helped the company remain resilient in the previous financial year, says Managing Director  RajeevJhawar UshaMartin.

“We, as an organisation, were quick to anticipate these challenges and undertook several mitigation measures to ensure our businesses remained resilient. We were successful in maintaining our margins and profitability by enriching our product mix to highvalue products, and also by increasing our penetration in newer geographies like Australia and South Africa”, he said. Speaking about the increase in exports of Usha Martin’s products, he explained, “our focus on increasing exports by increasing market penetration in newer geographies bore dividends, as our revenue from exports on consolidated basis grew from Rs.1034.26 Crore in the previous year, to Rs.1366.24 Crore during the year under review, an increase of 32.10%”.

Usha Martin Limited, under the exemplary management of Rajeev Jhawar is all poised for expansion. This includes enhancing their product mix, focusing on building share in international markets and investing in capacity increase. “We are in the process of expanding our capacities for rope production, focusing on high-end ropes, specialised wires and also LRPC. We have capital expenditure planned to the tune of approximately Rs.285 Crore and expect to complete our expansion programme over the next 12–15 months”, Rajeev Jhawar, MD Usha Martin said.

[unique-live]

Usha Martin Establishes Themselves As a Global Player Under Rajeev Jhawar’s Leadership

Rajeev Jhawar's 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. 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.

Usha Martin is one of the world’s leading manufacturers of wire rope. Long standing application of Usha Martin’s products in diverse sectors like Oil & Offshore, Mining, Crane, Elevator, Infrastructure etc. is the testimony of the company’s expertise in manufacturing high quality wire rope products. As a business entity, Usha Martin Limited have always focused on delivering value added products and services. To ensure that our commitment to quality percolates through every sphere of our operations, the company has built a robust network of capabilities spread across the globe. The distribution centers of Usha Martin are located in the United Kingdom, North America, South America, The Netherlands, Australia, Russia, Singapore, South Africa, Indonesia, Vietnam, China, Kazakhstan, Iran etc.

Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited. Rajeev Jhawar is the backbone of Usha Martin Limited. He has stood with the company through its thick and thin times and turned around the company back to the track of success. The strategic move of Usha Martin and its Managing Director, Rajeev Jhawar to sell off their steel business to Tata Steel had enabled them to significantly deleverage the balance sheet and focus on the firm’s core competencies. This has already started yielding results and has placed them in a position of strength.

Usha Martin Limited, under the management of Rajeev Jhawar is all ready for expansion. “We are in the process of expanding our capacities for rope production, focusing on high-end ropes, specialised wires and also LRPC. We have capital expenditure planned to the tune of approximately Rs.285 Crore and expect to complete our expansion programme over the next 12-15 months”, Rajeev Jhawar said. Under the dedicated leadership of Rajeev Jhawar Usha Martin have been able to establish themselves as a global player and currently have presence in more than 50 countries.

Usha Martin Limited also has an enviable track record in manufacturing & supply of pre-stressing machines and accessories, backed by expert installation teams for Pre-stressing job. The facility in Ranchi also has an additional set-up for manufacturing high quality conveyor cords. The group’s cable business unit, UM Cables Ltd., at Silvassa in India, manufactures Optical Fibre Cables, Copper cables, FRP rods etc. of the highest quality. For a few specific products, Usha Martin works in collaboration with globally renowned companies like Joh Pengg of Austria and TESAC wire rope of Japan.

[journalsmente]

Usha Martin wire ropes are supported with an extensive global network – 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. 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 makes sure that Usha Martin wire ropes are supported with an extensive global network so that it can offer expert advice to both crane manufacturers and end users.

Usha Martin is one of the world’s leading manufacturers of wire ropes. Established in the year 1960, today Usha Martin is a multi-unit and multi-product organization. Their manufacturing facility at Ranchi in India is one of the largest in the world. Apart from this, the other manufacturing plants located at Hoshiarpur in India, Dubai, Bangkok, and UK offers a wide range of products and services.…

[rajeevjhawarushamartin]

Usha Martin Ltd reappoints Rajeev Jhawar as MD for the next 5 years

Shampa Ghosh Ray, Company Secretary of Usha Martin Limited intimated The Secretary of The BSE Limited, The Secretary of National Stock Exchange of India Ltd and Societe de la Bourse de, Luxembourg about the change in the composition of Board of Directors of Usha Martin Limited pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (‘Listing Regulations’). In this latest Intimation of change in the composition of Board in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Rajeev Jhawar who have been the Managing Director of Usha Martin till date have been reappointed for the next 5 years.

Having worked in strategic management for more than 30 years, Rajeev Jhawar is an Indian industrialist. Prior to being named managing director of Usha Martin Limited in 1998, he started his career as a Senior Vice President (Commercial). He graduated from London Business School after attending Ranchi University. In the three decades he has been in charge of the Usha Martin Group, he has accelerated growth, built a meritocracy, and raised stakeholder value. Because of Rajeev Jhawar's perseverance and commitment to the company, Usha Martin Limited has been successful. Under Rajeev Jhawar's direction, the company is poised for tremendous growth going forward and appears to have a bright future as a global leader in the wire rope industry.

Rajeev Jhawar is on the Boards of various corporates including Orient Cement Limited (part of CK Birla group companies) and Neutral Publishing House Limited which has a leading regional newspaper under the flagship title ‘Prabhat Khabar’ published in the Indian cities of Patna, Dhanbad, Ranchi, Jamshedpur & Kolkata. He is also a director on the boards of Usha Martin’s overseas subsidiaries, i.e Usha Martin International Limited at UK, Usha Siam Industries Public Company Limited at Thailand and Brunton Wire Ropes FZCo at Dubai.

[dailyhogwartsgazette]

Organisation Through Consistent Delivery of Superior Quality Products-Rajeev Jhawar Usha Martin

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.

Usha Martin is one of the leading wire rope manufacturers in the country. The company underwent the incorporation process in the year 1986 under the name Usha Beltron Ltd. Since its inception, the company had been seeing immense growth and was elegantly walking up the ladder for the past 50 years. Some of its manufacturing units are set up in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.

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. Despite hard work, it was also the joint effort of the family that brought the company to the top. 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.

Usha Martin had a huge load of debt on its balance sheets. As of 2018, the company’s debt stood at 4650 crores. The company’s MD Rajeev Jhawar, along with other board members, worked towards bringing down the debt of the company. The company was planning to sell its steel business in a bid to pay off its debts. What seemed to be a notable step in the history of the company, came to an end when the Tatas were given the deal under a 5-year contract. Tata Steel through Tata Sponge, which is a subsidiary unit, was to take over the unit presiding in Jamshedpur for a cost of 4600 crores.

As per the MD of Usha Martin, Rajeev Jhawar, following the sale Usha Martin will divert its major focus towards strengthening its business. The company will be working towards strengthening its rope business, as a result of which the company is hoping to secure a place among the top three wire rope players. The slowdown followed by the COVID-19 pandemic has surely affected the top line of Usha Martin. However, currently the company is preparing to ramp up its capacities and Rajeev Jhawar seems to be confident and optimistic about the days to come. Usha Martin is also preparing to invest in the domestic market at large. It is also expecting a decent profitability growth in the following three years.

[thegoldenstar]

According to Rajeev Jhawar , Usha Martin with its Deleveraged Balance Sheet Post the Sale of its Steel Business to Tata Steel

Established in 1960, Usha Martin is 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. Since its inception, the company had been seeing immense growth and was elegantly walking up the ladder for the past 50 years. Some of its manufacturing units are set up in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Rajeev Jhawar is the Managing Director of Usha Martin Limited.

Rajeev Jhawar Usha Martin Ltd (UML) recently focuses on consolidating and strengthening its wire rope business over the next three quarters before embarking on organic and inorganic growth opportunities once demand revives. According to Rajeev Jhawar, Managing Director, UML, the company with its deleveraged balance sheet post the sale of its steel business to Tata Steel and with healthy cash flows will look to strengthen its position among the top three wire rope players globally.

Usha Martin Ltd claims to be among the top five wire rope players globally. “With the deleveraged balance sheet and healthy cash flows expected out of the business, we hope to grow both organically and inorganically over 3-5 years and rank among the top three players globally,” Rajeev Jhawar said. However, clarified that any growth — organic or inorganic will be funded largely through internal accruals. “I would never like to grow on the strength of taking debt. It would be more on internal accruals and a very conservative financial commitment,” he said.

UML’s standalone turnover was close to ₹1,700 crore, while on a consolidated basis it was around ₹2,500 crore. The EBITDA on a consolidated basis was around ₹250-300 crore as on March 31, 2019. The current slowdown, both in the domestic and international markets, might impact UML’s topline this year. However, once demand revives, the company expects to be able to clock 10-15 per cent topline growth and a decent growth in profitability in about three years.

UML’s standalone turnover was close to ₹1,700 crore, while on a consolidated basis it was around ₹2,500 crore. The EBITDA on a consolidated basis was around ₹250-300 crore as on March 31, 2019. The current slowdown, both in the domestic and international markets, might impact UML’s topline this year. However, once demand revives, the company expects to be able to clock 10-15 per cent topline growth and a decent growth in profitability in about three years. Imports account for about 40 per cent of turnover, and the aim of Rajeev Jhawar Usha Martin is to take it to 50 per cent.

[dailymailsky]

The Ropes Manufactured by Usha Martin Serve in Some of the Most Critical Applications - Rajeev Jhawar

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 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 manufacturing high-quality wire rope products. As a business entity, they have always focused on delivering value-added products and services to the customers. To ensure the commitment to quality percolates through every sphere of their operations, they have built a robust network of capabilities spread across the globe. The distribution centers are located in the UK, North America, South America, Netherlands, Australia, Russia, Singapore, South Africa, Indonesia, Vietnam, China, Kazakhstan and Iran. Usha Martin’s facility at Ranchi is one of the world’s largest wire rope manufacturing facilities under one roof. Other than wire rope, this unit manufactures LRPC strands, customized to have diversified applications in Infrastructure, Renewable energy installations, Bridges etc. Usha Martin has enriched experience in manufacturing & supply of pre-stressing machines & accessories, backed up by expert installation teams for Pre-stressing jobs.

Rajeev Jhawar is an Indian industrialist with over three decades of experience in strategic management is the managing director of Usha martin. 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. In the three decades that he has been at the helm of the Usha Martin Group, Rajeev Jhawar has accelerated growth, built a meritocracy and enhanced stakeholder value. 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.

Rajeev Jhawar is on the Boards of various corporates including Orient Cement Limited (part of CK Birla group companies) and Neutral Publishing House Limited which has a leading regional newspaper under the flagship title ‘Prabhat Khabar’ published in the Indian cities of Patna, Dhanbad, Ranchi, Jamshedpur & Kolkata. He is also a director on the boards of Usha Martin’s overseas subsidiaries, i.e Usha Martin International Limited inthe UK, Usha Siam Industries Public Company Limited in Thailand and Brunton Wire Ropes FZCo in Dubai.

Rajeev Jhawar has been the Managing Director of Usha Martin Limited since May 19, 2008.  He is a director of Neutral Publishing House Limited.  MD 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, 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.

[businessnewsupdates]

Usha Martin Limited Currently Focuses On Expanding Footprint In New Geographies - Rajeev Jhawar Usha Martin MD

Rajeev Jhawar’s Usha Martin is one of the leading wire rope manufacturers in the country. Rajeev Jhawar also the Director of Neutral Publishing House Ltd. Usha Martin underwent the incorporation process in the year 1986 under the name Usha Beltron Ltd. Since its inception, the company had been seeing immense growth and was elegantly walking up the ladder for the past 50 years. Some of its manufacturing units are set up in Ranchi, Hoshiarpur, Dubai, Bangkok and UK.

Product innovation that meets the customers’ needs is a continuous process for Usha Martin. They are a major supplier of several OEMs. The market leader in India in wire ropes, Usha Martin has the capacity to produce a wide range — from 4.8 mm to 130 mm in diameter — of wire ropes. USP of Usha Martin is diverse quality products that cater to large customers. It is the concept of a ‘super market’, where one can pick up everything under one roof. Describing the advantages of the overseas operations, Rajeev Jhawar, Usha Martin affirms that these operations provide a significant synergy and support to the overall business performance. It also helps us to spread the offerings across the globe.

The Covid pandemic had adversely impacted UML’s demand but the international market has opened up slowly. Rajeev Jhawar thinks that in the next five years, the segment will see good demand. Mr. 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 Limited also has an enviable track record in manufacturing & supply of pre-stressing machines and accessories, backed by expert installation teams for Pre-stressing jobs. The facility in Ranchi also has an additional set-up for manufacturing high quality conveyor cords. Usha Martin Limited is currently gearing itself up to deal with all possible opportunities and adversaries during these uncertain times. According to Rajeev Jhawar, one of the key focus areas for growth of the company shall be enrichment of product mix by reducing low contributory items and focusing more on high value-added products, with the aim to shift the focus from volume to value.

In addition to enriching the product mix and expanding footprint in new geographies, Rajeev Jhawar Usha Martin will also continue to focus on areas like enlarging product basket and deliverables, moving up the value chain through service networks, strengthening network and market reach through digital platforms, strategic brand positioning and imbibing environmental, social and governance aspects in their business practices. With these plans in hand, Rajeev Jhawar and Usha Martin Limited remains confident of making deeper inroads into international markets with high contributory products.

The Global R&D center of Usha Martin located in Italy is actively engaged in designing of wire ropes and uses proprietary design software to develop products that are the best in class. Usha Martin also has a comprehensive R&D facility in their manufacturing unit at Ranchi in India. Usha Martin’s facility in Ranchi is one of the world’s largest wire rope manufacturing units. Other than wire rope, this unit also manufactures LRPC strands, customized for diversified applications in Infrastructural development works, Renewable energy installations, Construction and Maintenance of Bridges etc.

[livewellnews]

Rajeev Jhawar Usha Martin -‘Wire Ropes have a Solid Demand in International Market’

Rajeev Jhawar, the son of Brij Jhawar, is the managing director of Usha Martin Limited since May 19, 2018. 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. 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. According to Rajeev Jhawar, the various measures announced by the Central government to boost the economy are likely to start yielding results post-monsoon of 2020.

Wire rope manufacturer Usha Martin Ltd (UML) 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, Managing Director of Usha Martin Limited said.

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.

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 for wire rope was reduced by the reverse migration of labourers particularly in the western and northern regions of the country which had affected industries such as construction. The demand from the construction, auto and oil sectors is down, says Rajeev Jhawar Usha Martin. Their plant has therefore reduced its manufacturing quantity and is currently operating at 50-55 per cent of the installed capacity. The export demand is, however, good and the rupee depreciation is supporting Usha Martin Limited.

Once the Covid situation is brought under control and the domestic demand picks up, the company hopes that they can ramp up the capacities of the plant, which they expect to happen by the second half of this fiscal year. Usha Martin Limited has a manufacturing capacity of around 2,30,000 tonnes per annum across its two facilities in India — at Ranchi and Hoshiarpur and three overseas units in the UK, Thailand and Dubai. “The demand for wire rope has been ‘fairly decent’, if not strong, from markets such as Europe, the US, South America, Australia and South-East Asia”, Rajeev Jhawar said quoting the export business of the company.

[wordexpress]

Leadership Qualities, Sharp Business Acumen, Deep Understanding of Business Administration and Strategic Decisions led Usha Martin to a high Growth Trajectory - Rajeev Jhawar

Rajeev Jhawar has been the Managing Director of Usha Martin Limited since May 19, 2008.  He is also a director of the 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 corona virus the industry witnessed a pandemic and subsequent lockdowns 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 he also makes his views on the various stimulus measure taken by the government to enhance the growth of the economy.

Rajeev Jhawar managing director UML , 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 eradicated completely, the growth is likely to occur as all the industries had learnt to live together with the pandemic.

Rajeev said while the demand for wire rope in the international market was very modest, domestic demand in various sectors was very low due to the lockdown in the wake of the Covid-19 pandemic. Rajeev Jhawar Usha Martin MD says that their plant is currently operating at 50-55% of the installed capacity.  However, export demand is good and we are supported by the depreciation of the rupee, he said. The company expects capacity to increase by the second half of this financial year once the covid situation is brought under control and domestic demand picks up.