Reporter Raquel Camila

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 company is known for making a wide range of wire rope products, which have applications across the world. Rajeev Jhawar is the Managing Director of Usha Martin Limited. Ever since the inception of Usha Martin Limited, Rajeev Jhawar and his team have been working for the overall development of the company and the community which has helped Usha Martin to achieve a 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...

KOLKATA, 9 NOV: Kolkata-based Usha Martin is expanding its activities in China in a big way. Speaking to reporters here today, Rajeev Jhawar , managing director of the company, said that Usha Martin China has been established for the purpose. Asked if the company was facing any competition there from domestic manufacturers, he said that the products distributed in China were of very specialised nature and most of these are not manufactured by the domestic units. Rajeev Jhawar Usha Martin Within the next two years, the company was expecting to sell 2,000 tons of speciality wire ropes in China, he said. Usha Martin’s joint venture was progressing well in Thailand, Rajeev Jhawar said, adding that it is expected to run in full swing by March-April 2014. Announcing the company’s financial results after its board meeting during the day, he said that for the first half of the financial year 2013-14 the company’s net sales increased to Rs 1,855.89 crore from Rs 1,785.07 crore in...

  The Board of Directors of Usha Martin Limited (“the Company”) present the … Mr Rajeev Jhawar was appointed as a member of the Committee Usha Martin is a leading manufacturing company known for making a wide range of wire rope products, which have applications across the world.  Rajeev Jhawar 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. Cost reduction is a continuous journey that Rajeev Jhawar and Usha Martin has undertaken and they continue their march on this path in this difficult environment. 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 ...

  Managing Director at Usha Martin-Rajeev Jhawar Usha Martin Limited is one of the world’s leading manufacturers of wire rope. With over six decades of experience, Usha Martin have established themselves as a globally recognized multi-unit and multi-product organisation through consistent delivery of superior quality products and services. 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 Limited is one of the world’s leading manufacturers of wire rope. 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. Their wire rope manufacturing facilities are located in Ranchi, Hoshiarpur, Dubai, Bangkok and UK. Rajeev Jhawar, the son of Brij Kishore Jh...

  Rajeev Jhawar Managing Director of Usha Martin 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. 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 Usha Martin is the Managing Director of Usha Martin Limited and is the son of Brij Kishore Jhawar. Despite hard work, it was also the joint effort of the Jhawar 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.  ...

  Managing Director at Usha Martin-Rajeev Jhawar Rajeev Jhawar is the son of Brij Kishore Jhawar. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. Usha Martin is 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 is the son of Brij Kishore Jhawar. He has been the Managing Director at Usha Martin Limited since May 19, 2008. Usha Martin is 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, el...

  Managing Director at Usha Martin-Rajeev Jhawar 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...

  This agreement is being viewed as part of the transaction that would take place while Tata Steel will complete the acquisition in six-eight months. Soon after signing a deal for taking over Usha Martin’s steel business for Rs 4,300-4,700 crore, Tata Steel has signed a five-year agreement to supply steel to Usha Martin’s wire rope business at market-driven prices. This agreement is being viewed as part of the transaction that would take place while Tata Steel will complete the acquisition in six-eight months. Rajeev Jhawar, Usha Martin ’s managing director, told FE that Tata Steel has signed the agreement to supply 1,60,00 tonne per annum and we will take it at a market-driven price. “Our steel division has always supplied steel to our wire rope business at market-driven prices and so sourcing it from the Tatas won’t affect our cost of wire rope production,” Jhawar said. Although the steel will mainly go to Usha Martin’s Ranchi, Hoshairpur and Bangkok facilities, the operations in...

KOLKATA: A clutch of steel giants has entered into non-disclosure agreement with Usha Martin , one of the largest wire rope manufacturers globally, for taking over its steel business. The steel majors in the fray include Vedanta, JSW, Liberty, Tata Steel and Kalyani Group. Usha Martin - Rajeev Jhawar Following the annual general meeting on Tuesday, Usha Martin MD Rajeev Jhawar said he is hopeful of getting offers from steel giants by the end of this month. Usha Martin, which is reeling under a debt burden, had decided to look for buyers for its steel business in June this year. Jhawar added that all of them are doing due diligence of the steel businesses. Jhawar pointed out that besides these five steel giants, HEG had also showed interest initially but later on didn’t sign the non-disclosure agreement. He also made it clear that reviving the company is the priority of the management. “We hope to be in dividend list next year,” he added. Usha Martin has not declared a dividend for th...

Usha Martin is 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. The outbreak of the corona virus pandemic globally and in India has caused significant disturbance and slowdown of economic activities. Rajeev Jhawar Managing Director of Usha Martin The outbreak of the corona virus pandemic globally and in India has caused significant disturbance and slowdown of economic activities. Usha Martin also had faced some serious concerns that too after all the turmoil. The company’s operations and revenue during the period have also been impacted. Usha Martin’s revenues stood at Rs2,130.60 crore in 2020-21, as against Rs2,207.17 crore in 2019-20. The net profit for 2020-21 is Rs150 crore, compared to Rs...