Jindal Stainless Limited

Jindal Stainless Limited is one of the largest manufacturers of stainless steel in India with a capacity of 1.1 million tonnes per annum. A leader and a name synonymous with Enterprise, Excellence and Success, the company’s ethos mirrors most characteristics similar to the metal it produces. Akin to stainless steel, Jindal Stainless Limited is innovative and versatile in its thought process; strong and unrelenting in its operations.

The state-of-the-art unit of Jindal Stainless LImited is located in the eastern part of India, in the state of Odisha. The plant comprises 250,000 tonnes per annum ferro-alloy facilities with world-class technology and equipment sourced from SMS Siemag and Andritz Sundwig. The complex, equipped with a captive power generation facility, is eventually scalable up to 3.2 million tonnes per annum of stainless steel production.

Board of Directors

Ms Savitri Devi Jindal

Chairperson Emeritus

Smt Savitri Jindal, Chairperson Emeritus of the O P Jindal Group, is a former Member of the Legislative Assembly from Hisar Constituency of Haryana. As a Minister, she held the portfolio of Urban Local Bodies in the Government of Haryana. She is a devoted social worker and strives to continuously work towards upliftment of the backward sections of the society through various initiatives like women empowerment, health care, education, and environment. Ms Jindal has been instrumental in launching various housing schemes and computerizations of land records in Haryana.

Mr Ratan Jindal

Chairman

A Commerce graduate and alumni of Wharton School of Management, Mr Ratan Jindal is the Chairman of India’s largest stainless steel manufacturing group, Jindal Stainless. Part of the USD 25 billion (March'19) OP Jindal Group, the foundation of Jindal Stainless was laid with its incorporation in 1970. Under his stewardship, the Company has grown from a producer of basic stainless steel products to a USD 2.79 billion (March'20) Company providing state-of-the-art stainless steel solutions.


Known for his technical proficiency and intimate knowledge of customers and markets, Mr Jindal is synonymous to stainless steel in India. As a vanguard of innovation in the steel industry, his focus has not only been on producing world-class stainless steel products, but also on promoting the usage of stainless steel in myriad applications. His vision for Jindal Stainless is to improve the lives of people by producing and promoting a metal that is corrosion resistant, durable, infinitely recyclable, and inherently stainless.


Having established the Jindal Stainless facility in Hisar (Haryana, India) as the only specialty stainless steel maker in the country, Mr Jindal set up the Jindal Stainless facility in Jajpur (Odisha, India) in 2011. Today, the two plants employ over 12,000 people, and have a capacity to produce 1.9 million tonnes of stainless steel. The company provides home and kitchen solutions through its subsidiary, JSL Lifestyle Limited. Mr Jindal has expanded the frontiers of Jindal Stainless to reach a global audience. Apart from operations in Indonesia, the company has sales offices and service centres across the globe.



Social commitments remain as central to Mr Jindal’s businesses as they were to the founder of the Jindal Group, Shri OP Jindal. Established in Hisar, by the group, the 600-bedded multi-specialty charitable hospital and the renowned VDJ School (VDJS) and the OP Jindal Modern School stand testimony to this commitment. The group undertakes several initiatives at the plant level to empower local communities through self-reliance. The interventions include technical & vocational training, micro-financing & livelihood generation, tailoring, farming & poultry training, and environment conservation drives.


True to his sportsman spirit, Mr Jindal is a keen golfer and takes avid interest in tennis and cricket.

Mr Abhyuday Jindal

Managing Director

A Boston University graduate in Economics and Business Management, Mr Abhyuday Jindal has vast experience in the areas of project management, supply chain systems, and strategic & general management. Currently, he is the Managing Director of Jindal Stainless (Hisar) Limited. He is also the Co-Chair for FICCI's Steel Committee.


Mr Jindal started his career with the JSW Group. There, he played a prominent role in the stake acquisition of Ispat Industries and the post acquisition integration of JSW and Ispat. He then moved on to the Boston Consulting Group, where he managed project consultancy for diverse industries, including cement, steel, wind turbines, and auto components. Having gained a deep understanding of the industrial manufacturing arena, Mr Abhyuday Jindal entered the USD 2.79 billion (as of March'20) Jindal Stainless Group as a Management Trainee.


Driven by the ambition to go beyond the ordinary, Mr Abhyuday Jindal took multiple strides for improving supply chain and operational efficiencies. Today, he is shaping Jindal Stainless into a far more dynamic, responsive, predictive, and solution-based organization. As a leader in the stainless steel landscape of the country, Mr Jindal has explored and unlocked new avenues for providing stainless solutions to stakeholders with the vision to improve lives. Helmed by him, the Group has built uncontested market leadership, and made foray into new fields. It was under his stewardship that JSHL bolstered its unique competitive advantage in the manufacturing of special stainless steel grades for nuclear and defence sectors.


Strongly rooted in the Indian soil, Mr Jindal’s community-centric transformational approach has led to the development and sustenance of several empowerment initiatives in and around its production facilities. His signature style has endeared him further among employees. He personifies open and participative management, a consistent culture of dialogue and feedback, and a relentless march towards continuous improvement. Mr Jindal also serves as the Vice President of the Infrastructure Industry and Logistics Federation of India, endeavoring to forge stronger and wider public-private partnerships.

Mr. Parveen Kumar Malhotra

Nominee Director - State Bank of India

Mr. Parveen Kumar Malhotra is a Science graduate from Punjabi University and Certified Associate of Indian Institute of Bankers. Mr. Malhotra has also done Masters in Financial Management from Jamnalal Bajaj Institute of Management Studies, University of Mumbai.


Mr. Parveen Kumar Malhotra joined State Bank of India (“SBI”) in 1978 as Probationary Officer and retired as Dy. Managing Director, heading Stress Asset Management Group in August 2015. During the course of his engagement with the India’s largest Bank & PSU SBI, he carried out multifarious assignments in positions of high responsibility around the Country and abroad. He honed his skills in International Finance and Operations as Head of Syndication in Bahrain and then as CEO of State Bank’s operations in Singapore.


Core competencies of Mr. Malhotra include Project Finance, funding of Large Corporates and resolution of Stressed Industrial Assets. Mr. Parveen Kumar Malhotra has been part of policy making committees in SBI as also Reserve Bank of India. He has represented SBI in quite a few infrastructure related groups/task forces constituted by Government of India and other bodies. He has also served on Boards of Investment and Manufacturing Companies in the past.

Mr Suman Jyoti Khaitan

Independent Director

Mr Suman Jytoi Khaitan is a graduate in Economics and Law. He is an eminent corporate lawyer and a partner of Suman Khaitan & Company. Mr Khaitan is also a member of the executive committees of the Indian Chambers of Commerce.

Ms Bhaswati Mukherjee

Independent Director

Ms Bhaswati Mukherjee, a retired diplomat, is a graduate from University of Delhi and has completed her Degree (Superior) in French History and Civilization, from Sorbonne University, Paris, France. She has been Ambassador of India to the Netherlands from July 2010 to July 2013.


Ms Mukherjee has versatile experience of more than 38 years and has expertises in human rights, disarmament and arms control issues, world heritage, culture and cultural diversity, gender issues, India's relations with European Union, EU Expansion and Euro-zone crisis, refugee rights, management and administrative reform, and corporate governance. She also successfully completed FICCI’s course on ‘Woman and Corporate Governance’ in 2016.

Ms Arti Luniya

Independent Director

A post graduate in International Relations from the Jawaharlal Nehru University, Delhi, Ms Luniya has 38 years of rich experience in the steel industry. Being an effective strategist, Ms Luniya has worked across various functions in the Steel Authority of India Ltd.(SAIL). From corporate communications, marketing and sales, to coal procurement and risk management, Ms Luniya has rare insights into the supply chain and lifecycle of products in the steel industry. Additionally, she was also an Advisor to Evidence for Policy Design (EPoD) at Harvard Kennedy School of Public Policy. She has been associated with Jindal Stainless since July 2018.

Mr Jayaram Easwaran

Independent Director

Mr Jayaram Easwaran, an alumnus of the Indian Institute of Management, Bangalore (IIM-B), has over three decades of leadership experience across various functions in global corporates. These include heading Corporate Marketing at the Eicher Group, HR at Sutherland Global Services and Tality India, Corporate Planning and Communications at Aricent Inc, and serving as the Joint MD and CEO at Maadhyam Advertising.



A well-known management consultant and speaker, he has also been a winner of the National Competition for Young Managers by Business India and AIMA. Mr Easwaran is also the author of ‘Inside the C-Suite’ published by Harper Collins.

Mr Tarun Kumar Khulbe

Whole Time Director

Mr Tarun Kumar Khulbe is an engineering graduate from MITS, Gwalior and MBA from JBIMS, Mumbai. He possesses over 25 years of experience in the field of plant operations and projects. He has been associated with organizations such as Raymond steel, EBG India, ThyssenKrupp Elec Steel, and Bhushan Steel & Strips Ltd.

Key Management Personnel

Mr Anurag Mantri

Group Chief Financial Officer, JSL

Mr Navneet Raghuvanshi

Company Secretary, Jindal Stainless

JSL’s Subsidiaries

PT JINDAL STAINLESS, INDONESIA

In 2004, Jindal Stainless Limited took over the stainless steel division of PT Maspion, Indonesia to ensure a strong presence in the fast growing market of Indonesia. PT Jindal Stainless Indonesia (PT JSI) is the first stainless steel producer in Indonesia and is an internationally certified organization – ISO 9001:2008: Quality Management System, AD 2000 W0: Pressure Equipment (Germany), PED/97/23/EC: Pressure Equipment (EU), which is capable of producing all the cold rolled grades of stainless steel – 200, 300 and 400 series. It has a cold rolling capacity of 1,50,000 tonnes per annum.


PT JSI has an impressive domestic market share of ~60% and is a major player in the Southeast Asian market. It supplies to almost all market segments in Southeast Asia – automobiles, utensils, fabrication, pipes and tubes, palm oil, etc. A strong customer support to the extent of process adaptation and improvement has made PT JSI a market leader in Southeast Asian region.

IBERJINDAL STAINLESS LIMITED

The service centre Iberjindal Stainless in South Spain is a joint venture between Jindal Stainless and Fagor Industrial. It offers customized formats and just-in-time services delivered to the doorstep of customers in Spain. Stainless steel coils are directly provided to the service centre by Jindal Stainless, India. Iberjindal is Jindal Stainless's first servicing facility in Europe. The capacities of the combo line and polishing line installed at the facility are 18,000 tonnes per annum & 14,500 tonnes per annum, respectively.