#jhawar

[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.

[citizenrecord]

Rajeev Jhawar Usha Martin and His Views on Post Covid Expansion of Production

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 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.

[citizenrecord]

Rajeev Jhawar Usha Martin is on its path to achieve a resilient and sustainable growth

Ever since the inception of Usha Martin Limited, Rajeev Jhawar and his team have been working for the overall development of the community in the areas of resource management, health and sanitation, education, women empowerment and sustainable livelihood. The parallel development of the company and the community has helped Usha Martin achieve a sustainable and resilient growth. The company’s commitment to its responsibilities towards society over the years has never been confined to the requirements of any statute.

Usha Martin Limited has taken appropriate initiatives to address global environmental issues, climate change, global warming by use of liquefied petroleum gas and biomass briquette as greener source of energy and also usage of energy efficient LED bulbs and motors. Rajeev Jhawar focuses on the continual development of the company by building a sustainable value-accretive business.

Usha Martin is on its way to become the global leader in wire rope manufacturing industry. According to Rajeev Jhawar Usha Martin, enrichment of product mix will continue to be one of the key drivers by making Usha Martin exit from low contributory items gradually and focusing more on high value-added products, with the aim to shift the focus from Volume to Value. As per Rajeev Jhawar’s view, raw material sourcing is likely to remain a major challenge in FY 2021-22 and beyond. So, expanding the raw material supplier base – both nationally and internationally should be on the fast track, he added.

Business through service-oriented projects and import substitution is already on the rise for Usha Martin and expected to grow further in this fiscal. Rajeev Jhawar also hopes that the ‘Make in India’ policy of the Government of India adds impetus on this further. In the new world order post-pandemic, Digital Marketing is likely to become the tool for future growth and the degree of Digital Transformation that a company undergoes will become the key business differentiator.

Therefore, Rajeev Jhawar Usha Martin aims to establish highly interactive digital marketing channels in Usha Martin using advanced tools & techniques. He expects that this will help to aggressively increase customer engagement, develop interest and awareness among referral communities/ B2B decision makers, generate online leads, build online reputation and ultimately enhance brand value.

[citizenrecord]

Rajeev Jhawar Usha Martin focus on consolidating and strengthening the wire rope business of Usha Martin over the next years

Rajeev Jhawar Usha Martin 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 higher growth trajectory.

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 operations by up to 50% by the end of 2019-20 and early 2020-21. 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.

Further, Rajeev Jhawar, Managing Director of UML made his views on the various stimulus measures taken by the government to enhance the growth of the economy. Rajeev Jhawar also said that 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 been eradicated, the growth is likely to occur as all the industries had learnt to live together with the pandemic.

Usha Martin Limited is currently gearing itself up to deal with all possible opportunities and adversaries during these uncertain times. Rajeev Jhawar identifies that the future is highly dependent on ability and success of the policy makers across the globe to implement reforms for equitable and sustainable economic growth. In a bid to improve profitability in the current environment, Usha Martin and Rajeev Jhawar have been focussing on enrichment of the product mix through rejigging of the sales mix, new product development and new market development.

Usha Martin Limited always strives to improve the quality of their products to enhance value for customers. Leveraging the capabilities of R&D facilities in Italy and India and modifying the designs of their products based on geographies and needs of the customers are carried out for this purpose. Rajeev Jhawar also ensures that the company work closely with their R&D centres to enhance daily manufacturing efficiencies.

[thegoldenstar]

According to Rajeev Jhawar Usha Martin , Global Demand for the Oil and Offshore Market Boosted the Demand for Rope Products

Rajeev Jhawar Usha Martin is one of the largest manufacturers of wire ropes in the world and has the capacity to produce 300,050 tonnes of it per annum. The company has a global base of wire rope manufacturing, with facilities located in India, UK, Dubai and Bangkok. For specific products, Usha Martin has collaborated with globally reputed companies like Gustav wolf of Germany, Joh. Pengg AG of Austria and Tesac wire ropes of Japan. Usha Martin is known for making a wide range of wire rope products, which have applications across the world.

The performance of Usha Martin Limited recently was pretty impressive and Managing Director Rajeev Jhawar deserves a mention for his role in it. He primarily focuses on the future company strategy and has done a decent job to uplift Usha Martin Limited. Usha Martin Limited has seen its earnings per share (EPS) increase by 50% a year over the past three years. In the last year, its revenue is up 19%. Overall, this is a positive result for shareholders, showing that the company has improved in recent years. This sort of respectable year-on-year revenue growth is often seen in a healthy, growing business. 

Rajeev Jhawar with the company’s shareholders is primarily interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential. According to Rajeev Jhawar, global demand for the oil and offshore market saw improvement during the FY20-21 which in turn boosted the demand for speciality rope products of the company catering to the said sector. He mentioned that the demand from the said sector shall sustain in the next fiscal and is expected to provide business opportunities to the company.

Rajeev Jhawar also 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 been eradicated, the growth is likely to occur as all the industries had learnt to live together with the pandemic. Further Rajeev Jhawar also stated that with steady infrastructure spending by the government, speciality products used in construction and infrastructural sector may be growth drivers for the company in the following years. The slowdown followed by the COVID-19 pandemic earlier affected the top line of Usha Martin. But now the top-line has started to see a steady growth from the last financial year and Rajeev Jhawar seems to be confident and optimistic about the days to come.

[thegoldenstar]

Rajeev Jhawar - In depth understanding of business administration and strategic decision helps Usha Martin in Sucess Path

Rajeev Jhawar Usha Martin Limited, together with its subsidiaries, manufactures and sells wires, wire ropes, and strands products in India and internationally. The company offers wire ropes, including oil and offshore, crane, mining, elevator, fishing, aerial, and general engineering ropes, as well as ropes for conveyor cords and structural systems. It also manufactures a range of industrial machines, including wire drawing machines, stranding machines, wire rope closing machines, steel plant equipment, cable machines, and material handling equipment; machines for manufacturing bright bars; machines for armoring and rewinding; and copper coating lines for CO2 welding wire manufacture.

Rajeev Jhawar, an Indian Industrialist and son of Brij Kishore Jhawar is the Managing Director of Usha Martin Limited. He is an aluminous of Ranchi University and London Business School. He started his journey as the vice president (commercial) and became the Managing Director of the company in 1998. In the three decades, being at the helm of the 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 course.

Rajeev Jhawar Usha Martin is working relentlessly for the welfare of the company. At Usha Martin employees are made to work hard on cost reduction through multiple initiatives and have managed to be successful in many areas through improvement in efficiencies of the plant and equipment and reduction in overheads. Cost reduction is a continuous journey that Rajeev Jhawar and Usha Martin has undertaken and they continue our march on this path in this difficult environment. Usha Martin is continuously engaged in the process of improving their EBITDA per tonne and have several cost-optimization and process improvement initiatives in place. Rajeev Jhawar has a dedicated team at Usha Martin Limited that constantly monitors fixed costs, without compromising on quality.

Some of the products of Usha Martin Limited are pre-stressing products and services comprising anchorage, sheathing, multiple and single pulling hydraulic jacks and pumps, and grout pumps and agitator sand grips; wire jacks, and hand and power-operated pumps, as well as installation services. It also provides aerial copper, underground optical fiber, optical fiber, and armored/duct jelly filled copper cables. The company was founded in 1960 and is based in Kolkata, India.

[citizenrecord]

Usha Martin tracks back to the path of success with the leadership of Rajeev Jhawar

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 nearly equal number of shares in the company. Rajeev Jhawar cornered a slender edge over his warring cousin Prashant Jhawar in the battle of ownership for Usha Martin Ltd. Rajeev Jhawar, the managing director of UML, had been scooping up shares nearly in equal measures from the bourses to bolster his holding. Companies and individuals linked to Rajeev Jhawar and his father Brij Kishore Jhawar have bought around 32 lakh shares in 2019-20. However, Prashant Jhawar, who stepped down from the board as the non-executive director, had been offloading shares in the market at regular intervals. Companies and individuals linked to Prashant Jhawar and his father Basant Kumar Jhawar have sold around 38-39 lakh shares since April 2019.

Many in the industry felt that Rajeev Jhawar had influenced the board to remove his uncle and cousin, as the relationship between them had soured over the control of the company. But this was not the truth. Understanding his innocence, in February 2018, the Usha Martin board reappointed Rajeev as the managing director, despite opposition from Prashant and Basant Jhawar. All the other board members, including the six independent directors and the nominee director of the State Bank of India, had voted in Rajeev’s favour.

Rajeev Jhawarstayed with Usha Martin throughout its tough times and worked hard to help it recover from debt. Rajeev Jhawar Usha Martin said the company’s net debt after selling off its steel division to Tata Sponge for Rs 4,600 crore (with working capital) is Rs 600 crore. There is a Rs 160-crore holdback amount from pending transfer of land. The strong determination of Rajeev Jhawar and his commitment towards Usha Martin Limited was the reason for the turnover of company to its success.  As a global giant in the wire rope industry, the company’s future remains promising in the hands of Rajeev Jhawar and it is poised for a substantial rerating from here.