#mdrajeevjhawar

[rajeevjhawarushamartin]

Here are some pics of Usha Martin's Managing Director, Rajeev Jhawar!

Here are some pics of Usha Martin's Managing Director, Rajeev Jhawar!

[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.

[dailyhogwartsgazette]

Rajeev Jhawar Usha Martin, the HR Processes at UML Find High-Potential Performers

Rajeev Jhawar Usha Martin, and Indian Industrialist and son of Brij Kishore Jhawar is the Managing Director of Usha Martin Limited. He started his journey as the vice president (commercial) and became the Managing Director of the company in 1998. Established in the year 1960, Usha Martin Limited is a multi-unit and multi-product organization in the wire rope business. They are 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 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, the UK, Dubai and Bangkok. For specific products, the company 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.

Usha Martin under Rajeev Jhawar is on a new start. After all that had happened in the recent past, the company is in the path for a new start. And it has already taken sprout under the leadership of Rajeev Jhawar. The company’s global R&D centre in Italy is actively engaged in the design of wire ropes and uses property design software to develop products. The company also has a comprehensive R&D facility in its manufacturing unit at Ranchi.

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 is expected to open up, though 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.

UML’s products are on par with the imported ropes. Even though the quality is good, there is a need to improve the services, says Rajeev Jhawar. Usha Martin enjoys strong brand recall in the segment. Usha Martin is now in the process of strengthening their projects and services under the leadership of Rajeev. The adopted HR policy of the company identifies future leaders. According to Rajeev Jhawar, the HR processes at UML find high-potential performers. UML nurture them internally through training and development, as part of a succession planning process, so that future leaders can be developed within the organisation.

[currentmediasstuff]

Rajeev Jhawar has been at the Helm of the Usha Martin Group, he has Accelerated Growth

Rajeev Jhawar Usha Martin, the son of Brij Jhawar, is the managing director of Usha Martin Limited since May 19, 2008. 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. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd. He has been the Vice Chairman of Usha Martin Education and Solutions Limited since September 2010.

Rajeev Jhawar Usha Martin is the son of Brij Kishore Jhawar, one of the two factions of the Jhawar family, who owns Usha Martin Limited. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. He graduated from London Business School and completed Management Development Course at the University of Pennsylvania.

Rajeev Jhawar has been Vice Chairman of Usha Martin Education & Solutions Limited since September 2010. He has been an Independent Non-Executive Director of Orient Cement Limited since August 09, 2014. Rajeev Jhawar Usha Martin also serves as an Executive Director of Usha Martin Limited. He serves as Director of Usha Martin International Ltd., Usha Siam Steel Industries Public Company Ltd., Thailand, Brunton Wolf Wire Ropes FZCO, Dubai, Usha Breco Ltd, Usha Breco Realty Ltd, KGVK Rural Enterprises Ltd, KGVK Social Enterprises Ltd, Redtech Networks India (P) Ltd, PARS Consultancy & Services Pvt. Ltd. and Jhawar Venture Management Pvt. Ltd. Rajeev Jhawar has been a Non-Executive Director at Usha Martin Education & Solutions Limited since March 4, 2000. He has been Director of Usha Breco Limited since March 30, 2010.

The Jhawar Family owns the Neutral Publishing House Limited, through many of its companies. The family consists of two octogenarian brothers – Brij Kishore Jhawar and Basant Kumar Jhawar. Prashant Jhawar is the son of Basant Jhawar and Rajeev Jhawar is the son of Brij Jhawar. Rajeev Jhawar Usha Martin has three daughters – Stuti Jhawar, Shreya Jhawar and Amisha Jhawar.

The brothers Brij Kishore Jhawar and Basant Kumar Jhawar had been in the midst of a family feud over the control of Usha Martin Limited for many years. The feud is between the two factions, supported by their respective sons. The father-son duos of Basant-Prashant Jhawar and Brij-Rajeev Jhawar Usha Martin held 25.5% respectively in the company. Jhawar Family owns 95.47% shares of Neutral Publishing House Limited, company which publishes Prabhat Khabar. The family members hold different positions in many of the Group companies.

Brij Kishore Jhawar is the Founder of Usha Martin Limited. In April 2017, the board had passed a resolution, moved by the SBI nominee, to strip Prashant Jhawar of his post as the non-executive chairman and also trim the power of Basant Jhawar, 83, as chairman emeritus. Many in the industry feel that Rajeev Jhawar Usha Martin had influenced the board to remove his uncle and cousin, as the relationship between them had soured over the control of the company. But the truth is different.

Meanwhile, in February 2018, the Usha Martin board reappointed Rajeev as the managing director. 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 Jhawar Usha Martin, the managing director of Usha Martin Limited, is firmly in control of the affairs of the company. His father Brij Kishore Jhawar, brother of Basant, also stepped down from the board later, leaving only Rajeev Jhawar as the promoter family representative on the board.

By hiving off its steel division to Tata in 2019, Rajeev Jhawar Usha Martin cleared most of the debts of Usha Martin Limited and led the company to a reasonably healthy position. In the three decades that Rajeev Jhawar has been at the helm of the Usha Martin Group, he has accelerated growth. 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 which was much needed at that very instance. The promoter Rajeev Jhawar’s holding in Usha Martin Limited stood at 50.66 per cent as on March 31, 2019.

Usha Martin had deleveraged its balance sheet by selling its steel business, and took a turnaround under Rajeev Jhawar Usha Martin. As a global giant in the wire rope industry, the company’s future remains promising and it is poised for a significant rerating from here. Usha Martin Limited has turned profitable post debt reduction, billed as one of the most successful turnarounds of stressed assets, all thanks to the strong willpower of Rajeev Jhawar.

[gazetteweekly]

Usha Martin’s steel plant, set up in 1971 near Jamshedpur-Rajeev Jhawar

Rajeev Jhawar Usha Martin Limited signed a technical assistance agreement with Aichi Steel Corporation (ASC), leading specialty steel and forging company of Japan. With technical assistance from Aichi Steel, Usha Martin aims to achieve operational excellence and enhance quality level of its steel products to the best in the class.

Usha Martin’s steel plant, set up in 1971 near Jamshedpur, is a vertically integrated plant with major raw materials coming from its captive coal mines and iron ore mines. “By joining hands with Aichi Steel, Usha Martin aims to improve its production efficiencies and utilize its facilities to produce higher value steel products. In addition, support from Aichi Steel, a Toyota group company, will help Usha Martin to have a larger presence in passenger vehicle market.” Rajeev Jhawar, Managing Director of Usha Martin said.

Usha Martin is amongst the world’s leading wire-rope companies and a leading specialty steel producer in India in long products segment. The capacity of its specialty steel plant has been recently expanded. In FY 2012-13, the steel production was 0.6 million tons, an increase of 14% compared to last year.

Rajeev Jhawar said, “Aichi Steel is globally known for its unwavering commitment to quality. Partnership with Aichi Steel will help Usha Martin to further enhance its quality levels.” Aichi Steel has specialty steel, stainless steel, forgings and electromagnetic products as its main products.

Established in 1940, ASC’s steel plant at Chita, Japan has state-of-the-art steel making, rolling and inspection facilities. It is one of the largest producers in Japan for straight length specialty steel products. In FY 2012-13, ASC’s production of specialty steel and forgings was 1.2 million tons. Aichi Steel has significant international presence in business of forged products.

Business Locations:

With head office in Tokai City, Aichi Prefecture, Japan Aichi Steel Corporation has nine subsidiaries in Japan and 9 overseas subsidiaries.

Japanese Subsidiaries :

• Aiko Corporation

• Aichi Ceratec Corporation

• Omi Mining Co., Ltd

• Aichi Techno Metal Fukaumi Company

• Aichi Steel Logistics Co., Ltd

• Aichi information System Company

• Aiko Service Co., Ltd

• Aichi Micro Intelligent Corporation

• Asdex Corporation

Overseas Subsidiaries:

• Aichi Forge USA, Inc.

• Aichi Forging Company of Asia, Inc.

• Shanghai Aichi Forging Co., Ltd.

• Aichi International (Thailand) Co., Ltd.

• P.T. Aichi Forging Indonesia

• Aichi Europe GmbH

• Aichi Magfine Czech s.r.o

• AMIT Inc.

• AICHI Korea Corporation

Usha Martin headquartered in Kolkata, one of the largest wire rope manufacturers globally, has its steel plant in Jamshedpur; iron ore mine in Barajamda; coal mine in Daltonganj; wire/wire rope plants in Ranchi & Hoshiarpur in India Thailand, UK & Dubai; bright bar plant in Ranchi & Chennai and distribution & marketing network in United States, Europe, Middle East, South East Asia, Australia and China.

[rajeevjhawarushamartin]

Rajeev Jhawar and his team at Usha Martin is constantly striving to enhance manufacturing efficiencies and quality

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.

[rajeevjhawarushamartin]

Top-line growth of Rajeev Jhawar’s Usha Martin indicates that growth of the company is sustainable

Usha Martin is a leading manufacturing company known for making a wide range of wire rope products, which have applications across the world. The company was established in the year 1960. Rajeev Jhawar is the Managing Director at Usha Martin Limited. He is the son of Brij Kishore Jhawar. Today Usha Martin is a multi-unit and multi-product organisation attaining greater heights under Rajeev Jhawar. He is also the Director of Neutral Publishing House Ltd.

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.

As a tree reaches steadily for the sky, Usha Martin’s EPS has grown 23% each year, compound, over the last three years. Top-line growth of Usha Martin can be seen as an indication that growth of the company is sustainable. As a general rule, we can say that if a company can keep up that sort of growth, shareholders will be smiling. All of this is possible, thanks to Managing Director Rajeev Jhawar, the backbone of Usha Martin.

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. Rajeev Jhawar directly owns ₹365m worth of shares in the company, showing that he is deeply invested in the company’s success. His major focus is on the future growth potential of the company and developing business strategies to achieve it.

Usha Martin has been giving good news of its growth, after the company was made debt-free under Rajeev Jhawar’s leadership. Usha Martin is growing revenues, and EBIT margins improved by 3.9 percentage points to 12%, over the last year. Achieving these two feats can be considered as a good sign of growth. Usha Martin’s stock has also increased significantly by 51% over the past month. On comparing with the industry net income growth, Usha Martin’s growth is quite high when compared to the industry average growth of 19% in the same period, which is great when equated to the recent past.

Usha Martin has a decent Return on Equity. Further, the company’s ROE is similar to the industry average of 15%. This probably goes some way in explaining Usha Martin’s significant 56% net income growth over the past five years amongst other factors. The management of Rajeev Jhawar and his strong determination is another aspect that is positively influencing the company’s earnings growth. The company’s management also has made some good strategic decisions over the last financial years and the company also has a low payout ratio.

[freepressjournals]

Clarify the growth — organic or inorganic will be funded largely through internal accruals, Rajeev Jhawar Usha Martin

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. Usha Martin Limited focus on consolidating and strengthening its wire rope business over the next years.

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.

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. Jhawar, 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 wire rope business manufactures wire, strands, LRPC and wire ropes, which cater to various industries, including steel, infrastructure, construction and auto. Speaking on this matter Rajeev Jhawar said, “This year, steel and the other sectors are going through a slowdown; it will affect our topline. But we are trying to push volume growth through exports and with various cost-cutting measures, we hope to achieve ₹250-300 crore EBITDA this year”. Exports account for about 40 per cent of turnover, and the aim of Usha Martin is to take it to 50 per cent.