#jhawar

[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.

[typoeastnews]

Shares Of Usha Martin Hit Their One Year High – Rajeev Jhawar’s Hard Work Pays Off

Usha Martin shares jump 15% to hit 52-week high

Rajeev Jhawar Usha Martin is a leading global manufacturer of wire ropes and is also engaged in the manufacturing of wires, LRPC strands, prestressing machines, accessories and optical fiber cables. According to its website, Usha Martin's wire rope manufacturing facilities in Ranchi, Hoshiarpur, Dubai, Bangkok, and the UK produce widest range of wire ropes that find application in various industries across the world.

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.

Usha Martin share price: The scrip has surged 9.66 per cent in the last five sessions. Usha Martin ended the previous year with 103.81 per cent gains. In response to an exchange query on significant movement in share price, Usha Martin, on December 30, 2022, clarified that "there is no material event and/ or information which is not in the public domain, which could have a bearing on the price and volume behavior of our traded scrip."

As a result of the hard work of Rajeev Jhawar and his team, Shares of Usha Martin rose sharply to hit their one-year high level in early trade on Monday. The stock jumped 14.76 per cent to touch its 52-week high of Rs 197.45 over its previous close of Rs 172.05. A total of 1.61 lakh shares changed hands today. The turnover on the counter stood at Rs 3.04 crore. The company commanded a market capitalization (m-cap) of Rs 5,849.52 crore. On the earnings front, the wire ropes manufacturer posted an over 7 per cent growth in its standalone net profit to Rs 45.09 crore during the quarter that ended September 2022. The company had clocked a net profit of Rs 42.05 crore in the same period a year ago.

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, specialized 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 Usha Martin said.

[news-venue]

Innovation, Expansion, and Sustainability - The Story of Usha Martin Limited

Usha Martin Limited stands as a testament to global unity, relentless pursuit of excellence, and consistent upward growth. By harnessing their core strengths, focusing on sustainable practices, expanding internationally, making strategic capital investments, and embracing digital transformation, they have carved a niche in the wire rope industry.

Diverse and Advanced Manufacturing

Their manufacturing footprint spans India, Dubai, Thailand, and the United Kingdom, producing a wide array of steel wire and wire ropes. These efforts are bolstered by cutting-edge R&D centres in Italy and India, where their dedicated team relentlessly works on product and process innovations. Their in-house software and process optimisation techniques ensure that their products meet the highest global standards. With a presence in over 70 countries and international sales contributing to more than half of their revenue, Usha Martin has emerged as a world leader in steel wire ropes.

Commitment to Customer Satisfaction

Customer satisfaction is at the heart of their operations, supported by a robust global network of over 250 distribution centres and channel partners. Their “Globally Local” philosophy underscores their commitment to delivering top-quality products and services worldwide. Rajeev Jhawar, the driving force behind Usha Martin’s success, has been instrumental in propelling the company to global prominence. His strategic vision aims to make Usha Martin a leader in the wire rope industry by leveraging modern technology and ensuring sustainable, inclusive growth for all stakeholders.

Reflecting on the company’s recent achievements, Rajeev Jhawar shared his insights with shareholders: “Dear Shareholders, I am thrilled to present their Annual Report for FY 2022–23. This year marks a significant milestone, placing Usha Martin on the brink of a new growth phase and steering us toward a sustainable future. With a strong foundation, they are now well-positioned to unlock their full potential and deliver greater value to all stakeholders.”

Strategic Initiatives for Sustained Growth

Rajeev Jhawar’s leadership has driven several key initiatives that have been crucial in maximizing the company’s resources and enhancing its global performance. He has focused on strengthening the global teams and organizational structure, which has improved synergies through closer integration of overseas subsidiaries with the India operations. This integration has bolstered Usha Martin’s global performance, creating a more cohesive and efficient operation.

Furthermore, Rajeev Jhawar has emphasized high-value product segments by establishing cross-functional teams dedicated to critical growth sectors such as ports, mining, elevators, oil, and offshore. This focus has allotheyd Usha Martin to increase its profit margins and better serve these high-demand industries. Additionally, expanding the international services business has been a strategic move to add further value to Usha Martin’s products, thereby increasing the company’s market share and enhancing customer satisfaction globally.

Rajeev Jhawar’s leadership has been the cornerstone of Usha Martin’s transformation into a global industry leader. His vision and strategic direction have set a solid foundation for sustainable growth and innovation. By maintaining a steadfast commitment to quality, customer satisfaction, and technological advancement, Usha Martin continues to scale new heights. Under the astute guidance of Rajeev Jhawar, Usha Martin is theyll on its way to achieving unparalleled success and setting new benchmarks in the wire rope industry.

[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.

[wordexpress]

Usha Martin's Remarkable Journey under Rajeev Jhawar's Guidance

Usha Martin stands as a prominent manufacturing entity renowned for its extensive array of wire rope offerings, which find diverse applications on a global scale. The wire ropes produced by Usha Martin are integral to critical functions across a wide spectrum of industrial domains. At present, Usha Martin operates as a multifaceted and diversified organization, achieving unprecedented accomplishments under the astute leadership of Managing Director, Rajeev Jhawar, who also holds the position of Director at Neutral Publishing House Ltd.

On the occasion of World Standards Day, Usha Martin’s manufacturing facility located in Ranchi, India, was bestowed with the esteemed “Certificate of Achievement” by the Bureau of Indian Standards (BIS). This recognition acknowledges the facility’s commendable efforts in formulating a range of standards pertinent to steel wires and wire ropes over the past six decades. Rajeev Jhawar Usha Martin , and his accomplished team take immense pride in being recipients of this distinction. This prestigious accolade establishes a significant milestone for all stakeholders within the organization, collectively committed to the pursuit of sustainable development.

Furthermore, Usha Martin’s manufacturing unit situated in Hoshiarpur, in the northern region of India, was honored with the “Award of Honour” by the Bureau of Indian Standards, also on the occasion of World Standards Day. This recognition was extended to acknowledge the unit’s distinction as the foremost holder of BIS license for IS 9962–1981 in the nation, specifically for the production of steel wires employed in needles.

Usha Martin’s journey with the Bureau of Indian Standards commenced in February 1964, with the acquisition of the first BIS license for IS-1855, pertaining to Winding Rope. Currently, the company boasts a portfolio encompassing 19 distinct licenses issued by BIS. This progression has been marked by the gradual development of standardized and sustainable product offerings, tailored to cater to the discerning needs of customers. Rajeev Jhawar expresses keen anticipation for fostering an enhanced collaborative partnership with BIS, with the shared objective of enhancing industry stakeholders, regulatory bodies, and other relevant entities through the provision of products and services aligned with the loftiest international standards. This remarkable feat stands as a testament to the organization’s accomplishments, and Usha Martin, under the adept guidance of Rajeev Jhawar, takes profound satisfaction in garnering this exceptional acknowledgment from the Bureau of Indian Standards.

The event witnessed the presence of distinguished figures from various sectors, congregating to deliberate on the pivotal role and contribution of BIS, as well as the invaluable collaborative associations that actively contribute to fostering sustainability through the standardization of products and services. Rajeev Jhawar underscores that this prestigious recognition serves to fortify their unwavering commitment to the cause of sustainable development.

[businessnewsupdates]

Continual Profit Generation by Usha Martin: A Testament to Rajeev Jhawar's Leadership

Under the guidance of Rajeev Jhawar, Usha Martin achieves unprecedented profit levels. Many investors seek companies that deliver both revenues and profits, like Usha Martin. Investors share the consensus that Usha Martin is positioned to consistently generate long-term shareholder value, maintaining its market-appropriate valuation. This steadfast profit creation defines Usha Martin’s path forward.

Since May 19, 2008, Rajeev Jhawar has held the role of Managing Director at Usha Martin Limited. Reflecting on Usha Martin’s expansion and diversification across different regions, Rajeev Jhawar emphasizes this strategy as a means to secure enhanced profits in the years ahead. He states, ‘We believe we stand at a turning point. With our business stabilized, we are well-equipped to fortify operations and expand horizons.’

Usha Martin Limited, along with its subsidiaries, operates in India and internationally, specializing in wires, wire ropes, and strands. Their product range encompasses wire ropes for conveyor belts, structural systems, oil and offshore applications, cranes, mining, lifting, fishing, aerial work, and general engineering needs. Additionally, they manufacture industrial machinery including material handling equipment, steel plant machinery, cable machines, wire drawing machines, wire stranding machines, and wire rope closure machines.

Rajeev Jhawar holds the pivotal roles of Managing Director and Executive Director at Usha Martin Limited. He also serves as the Chief Financial and Compliance Officer for GJ Steel Public Co., Ltd., and G Steel Public Co., Ltd. In his capacity, Mr. Jhawar holds directorial positions on the boards of 17 other companies. He is a proud member of the Institute of Chartered Accountants of India and the Institute of Cost & Works Accountants of India.

Prior to his current role, Rajeev Jhawar has held esteemed positions including Managing Director at Usha Martin Industries Ltd., Director-Finance & Commercial at SBQ Steels Ltd., and Director-Finance & Commercial at Tropical Agrosystem India Ltd. Mr. Jhawar earned his undergraduate degree from St. Xavier’s College and a graduate degree from the London Business School.

[buglecourier]

‘The company's new top priority is expanding the market for Usha Martin's goods in newer geographical areas’ – Rajeev Jhawar

Usha Martin Limited was founded in 1986 as Usha Beltron Ltd. The business had experienced rapid expansion under Rajeev Jhawar’s Usha Martin leadership from the start and had been gracefully moving up the ladder in recent years. Rajeev Jhawar serves as Usha Martin Ltd.’s managing director and executive director as well as the GJ Steel Public Co., Ltd. and G Steel Public Co. Ltd.’s chief financial and compliance officer. He also sits on the boards of 17 other companies in addition to being a member of the Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India.

Rajeev Jhawar has previously held the positions of Managing Director at Usha Martin Industries Ltd., Director-Finance & Commercial at SBQ Steels Ltd., and Director-Finance & Commercial at Tropical Agrosystem India Ltd. Rajeev Jhawar earned degrees from London Business School and St. Xavier’s College. UML produced the very first wire rope in 1962. It received a more than 300 percent oversubscription for its public offering in 1961. Usha Martin Limited paid out its first dividend in 1963, and in just two and a half years, it tripled production from 3,600 tonnes to 7,200 tonnes.

Following the termination of its steel business venture, Usha Martin has refocused on capability growth, removing barriers, and boosting core product productivity in order to maintain flexibility and competitiveness. Rajeev Jhawar and Usha Martin are formulating plans for capacity and competency growth in order to be sustainable, resilient, and future-ready.

One of the biggest producers of wire ropes in the world, Usha Martin Limited, rose to prominence swiftly. They have manufacturing facilities for wire rope in Ranchi, Hoshiarpur, Dubai, Bangkok, and the UK. One of the broadest selections of wire ropes in the world is produced by Usha Martin. In India and other countries, Usha Martin Limited and its affiliates produce and market wires, wire ropes, and strands.

[brazilnews]

Intimation of change in the composition of Board of Usha Martin – Rajeev Jhawar reappointed as Managing Director

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.

[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.

[trustednewstribune]

Rajeev Jhawar - Propelling Usha Martin to Global Industry Leadership

Usha Martin Limited, pride themselves on being a unified global business entity, unwavering in their pursuit of excellence, and constantly on an upward growth trajectory. This commitment is driven by leveraging their core competencies, focusing on sustainable growth, expanding their global presence, making value-accretive capital expenditures, and embracing innovation and digitalisation.

A Global Manufacturing Leader

Usha Martin’s manufacturing facilities, spread across India, Dubai, Thailand, and the United Kingdom, produce a diverse range of steel wire and wire ropes. Supported by two state-of-the-art R&D centres in Italy and India, their dedicated team of professionals strives for continuous innovation and improvement in their products and processes.

Their commitment to quality is reflected in their in-house software and process optimisation, ensuring their products meet global standards. With a strong global presence in over 70 countries and international sales contributing to more than half of their turnover, they have established as a leading manufacturer of steel wire ropes worldwide.

Usha Martin’s focus on customer satisfaction is evident through their quality service and global network of over 250 group distribution centres and channel partners. They are dedicated to the concept of “Globally Local,” providing their products and services to customers worldwide.

Rajeev Jhawar, Usha Martin Managing Director, has been instrumental in driving the company towards becoming a global leader in the wire rope industry. His vision focuses on delivering complete solutions, adopting modern technology, and ensuring sustainable and inclusive growth for all stakeholders.

In his message to shareholders, Rajeev Jhawar reflects on a transformative year for Usha Martin. According to him, the year that has not only brought Usha Martin on the cusp of a new growth era but has put them on a steady path to a sustainable future. They believe Usha Martin is now on a strong foundation to perform to its potential and deliver enhanced value to all stakeholders.

Strategic Initiatives Under Rajeev Jhawar

Rajeev Jhawar’s strategic initiatives have been pivotal in leveraging the company’s existing resources to their full potential. These initiatives include:

1. Strengthening International Teams and Organizational Structure: By improving synergies through closer integration of overseas subsidiaries with the India business, Usha Martin has enhanced its global operations.

2. Focusing on High-Value Products: Cross-functional groups for key growth segments such as ports, mining, elevators, oil, and offshore have been established to increase focus on high-value products and improve margins.

3. Enhancing Services Business Internationally: Expanding the services business internationally adds further value to their products and increases market share.

Under Rajeev Jhawar leadership, Usha Martin Limited has built a strong foundation for sustainable growth and innovation. His vision and strategic direction have not only positioned the company for future success but have also ensured that Usha Martin remains a global leader in the wire rope industry. With a steadfast focus on quality, customer satisfaction, and technological advancement, Usha Martin continues to reach new heights, driven by the unwavering leadership of Rajeev Jhawar.

[india-times]

Usha Martin announces changes in composition of Board: Rajeev Jhawar reappointed as Manging Director

Usha Martin Limited notifies the changes to the board’s composition that were approved by the company’s board of directors at their meeting on Thursday, April 27, 2023, in accordance with Listing Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (the “Listing Regulations”). These changes were based on the recommendation of the company’s Nomination and Remuneration Committee. A brief profile of the appointees was also enclosed with the intimation for recording purposes. The notification is made by Usha Martin Limited for the note of The Secretary of The BSE Limited, The Secretary of National Stock Exchange of India Ltd and Societe de la Bourse de, Luxembourg.

The intimation reports changes in the composition of the board, such as

· Re-appointment of Mr. Rajeev Jhawar [DIN: 00086164] as managing director is for a term of five years beginning on May 19, 2023

· Re-appointment of Mr. Vijay Singh Bapna [DIN: 02599024] as Independent Director (Non-Executive) for a second term of five consecutive years effective from 27th May 2023. He shall also continue to be Non Executive Chairman of the Company.

· Appointment of Mr. Sumit Kumar Modak [DIN: 00983527] as Whole Time Director for term of five years effective from 27th April 2023

· Appointment of Mr. Tapas Gangopadhyay [DIN: 10122397] as Non-Executive Director effective from 27th April 2023

· Acceptance of resignation of Mr. Devadip Bhowmik [DIN: 08656505] from the office of Whole-Time Director due to personal reasons with immediate effect

The report suggests the changes that were made by Rajeev Jhawar Usha Martin Limited which can make significant variations in the upcoming administration of the company. The industry and the company expect that these changes would bring out growth potential in the upcoming years.

[wiseedition]

Usha Martin’s FY2023 Earnings Conference Call – Rajeev Jhawar Speaks To Investors And Analyst Community

Usha Martin is one of the world's leading manufacturers of specialty steel wire ropes with over 60 years of experience. The Company offers a wide range of products including specialty wire ropes, high quality wires, LRPC, customized end-fitments, accessories, and related services. These products are used in industries such as oil and gas, ports, cranes, elevator, mining, fishing, renewable energy, construction and infrastructure and general engineering, among others.

The company conducts FY2023 earnings conference call for the investors and analyst community for the betterment of their business relations. “Our goal is to hold such forums regularly in the future with the aim of increasing transparency and building a stronger relationship with the investors and analyst community”, said Rajeev Jhawar Usha Martin, MD

Usha Martin has manufacturing facilities in India along with plants overseas in Thailand, UAE and the United Kingdom. The business model is primarily to stock and sell through their own distribution centers worldwide in Southeast Asia, Australia, Europe, US, UAE and also do some direct sales from the plant. UML have dedicated service centers where they provide value additions such as cutting, socketing, testing, inspection and so on. The Company also has a global R&D center located in Italy, where it designs wire ropes using proprietary software.

Rajeev Jhawar also shared details about how Usha Martin deleveraged their business, “In the past, Usha Martin was involved in the steel making business which was impacted due to the severe downturn in the industry and high leverage of the Company. To overcome these challenges, we undertook divestment of the steel business by way of a slump sale. It is important to note that the Company never defaulted, did not go for debt restructuring and there was no haircut by any of the lenders. This exercise enabled the Company to significantly deleverage and turnaround our financial and operational position. While it was a tough decision at that time, this helped us transform from a commodity business to a value-added high ROC business”.

According to Rajeev Jhawar, MD, Usha Martin through this:

Was able to grow their margins and profitability despite the volatility in commodity prices that is their raw material, basically the steel.

The barrier to entry in the industry are high because of the long customer approval cycle and critical applications. As some of you know, wire ropes are highly engineered products that need to meet the highest standards of reliability and performance. Now, with the renewed focus on the specialty wire rope business, Usha Martin has undertaken strategic initiatives to enhance its production capacity for wire ropes, diversify its product range, restructure its cost, secure its raw material sources, and strengthen its financial position.

Post the turnaround and stabilization of the business, Usha Martin adopted a new dividend policy in FY22. “I am delighted to share that the Board has recommended a healthy dividend of Rs. 2.5 per share for FY23, amounting to a total cash flow of Rs. 76.2 crore after taxes. Our commitment to all shareholders remains strong, and our Board will continue to prioritize a balance between investing in the business to pursue growth opportunities and rewarding shareholders through dividends”, Rajeev Jhawar Usha Martin , MD explained.

He concluded by saying that Usha Martin has successfully navigated its past challenges and has made substantial progress in the last 3 years. Today, he strongly believes that Usha Martin is in a very exciting phase. Rajeev Jhawar is confident that the company is well placed to capitalize on the significant growth opportunities which the industry has to offer. He looks forward to for the continuing support from the investors and the community in their journey where they will create long-term sustainable value for all the stakeholders.

The session was carried on by Mr. Anirban Sanyal, CFO of Usha Martin, who then explained through the operational and financial highlights for the quarter ended 31st March 2023.

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Rajeev Jhawar, the Iron Man Whose Commitment Framed the Crown for Usha Martin

UML seems to return high profits in FY 2022-23: Results gained for Rajeev Jhawar’s innovative business practices

Over the last 60 years, Usha Martin have been able to establish themselves as one of the world’s leading manufacturers of wire rope. Their multi-units and diversified portfolio of products, coupled with superior quality products and services have enabled them to emerge as a globally trusted brand. For Usha Martin, the path to sustainable growth was long. The management with the exemplary support of Rajeev Jhawar Usha Martin constantly tried out innovative business practices. Rajeev Jhawar took initiatives to diversify the customer base of Usha Martin by venturing into the international markets, moving up the value chain and fully integrating its business process to maximize stakeholder value.

Speaking about the increase in exports of Usha Martin’s products, Rajeev Jhawar 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 to Rs.1366.24 Crore in the last financial year, an increase of 32.10%”. The net standalone profit of UML also saw over 7 per cent growth to Rs 45.09 crore during the quarter that ended September 2022. The company had clocked a net profit of Rs 42.05 crore in the same period a year ago.

Rajeev Jhawar and his team at Usha Martin Limited is planning on the expansion of the company into newer geographies and also on rate of their capacity building to increase revenue generation. The strong foundation built by Rajeev Jhawar is where Usha Martin grows to become a huge tree. “We are in the process of expanding our capacities for rope production, focusing on high-end ropes, specialized 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 Usha Martin had said.

Started in 1961 in Ranchi, Jharkhand as a wire rope manufacturing company, today the Usha Martin Group is a Rs. 3000 crore conglomerates with a global presence. The group has set new standards in the manufacture of wire rods, bright bars, steel wires, specialty wires, wire ropes, strand, conveyor cord, wire drawing and cable machinery. With continuous growth in both the domestic and international markets, Usha Martin, the Group’s flagship company has emerged as India’s largest and the world’s Second largest steel wire rope manufacturer.

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Evaluating Usha Martin's Performance Through ROCE Trends and Rajeev Jhawar's Profound Strategies

Usha Martin Limited stands as a premier global manufacturer of wire rope, with its innovative approach to industry challenges spearheaded by the dynamic Usha Martin Group. At the helm of this visionary endeavor is Rajeev Jhawar Usha Martin Ltd The managing Director., whose strategic acumen spanning over three decades has culminated in remarkable profit-generation methods. Recent data attests to the fruition of these strategies, showcasing the promising returns achieved by Usha Martin under Rajeev Jhawar’s stewardship.

In an ideal landscape, businesses would augment both their operational investments and their returns on these investments in tandem. This paradigm envisions enterprises perpetually reinvesting profits at escalating rates of return, evolving into compounding powerhouses. Usha Martin, following Rajeev Jhawar’s ingenious techniques, embodies this concept and is exemplified by the upward trajectory of its Return on Capital Employed (ROCE) facilitated by Rajeev Jhawar.

The ROCE metric quantifies a business’s pre-tax income generated as a percentage of the capital employed to sustain operations. Usha Martin’s ROCE impressively stands at 19%, surpassing the 15% norm of the Metals & Mining sector. This figure alone showcases the company’s commendable performance. Rajeev Jhawar’s strategic leadership has yielded substantial ROCE growth for Usha Martin, evident in the staggering 569% rise in capital returns over the past five years.

Presently, the company reaps 0.2 rupees for every invested dollar, signifying a 44% reduction in capital consumption compared to five years ago — an indicator of heightened operational efficiency. This triumph is a direct result of Rajeev Jhawar’s unwavering commitment to propelling Usha Martin to new pinnacles through strategic business practices.

In a congruent development, the company’s ratio of current liabilities to total assets has decreased to 26%, diminishing dependence on short-term creditors or suppliers for funding. Rajeev Jhawar proudly attributes the augmented returns to the company’s intrinsic performance, underscoring the symbiotic relationship between strategic leadership and tangible outcomes. The prospect of Usha Martin achieving more with fewer resources is invigorating. This noteworthy trajectory stands as a testament to the exceptional performance of Usha Martin under Rajeev Jhawar’s adept guidance over the past five years, a fact well-appreciated by investors.