Rajeev Jhawar Strengthens The Operations Of Usha Martin And Push The Boundaries In New Product Development
Usha Martin was founded by Basant Jhawar, a commerce graduate, in 1960, at Ranchi, in collaboration with Martin Black of the UK. He was later joined by his younger brother Brij K Jhawar, a mechanical engineer. The first wire rope reel rolled out of the company in 1962. Its public issue in 1961 was oversubscribed by more than 300 per cent. In 1963, the company paid its maiden dividend and doubled the production from 3,600 tonnes to 7,200 tonnes in just two-and-a-half years. It soon became one of the largest manufacturers of wire ropes in the world and the leading speciality steel manufacturer in India. Rajeev Jhawar-Usha martin MD With a history of over 60 years, the company now has manufacturing bases of wire rope in India, the UK, Dubai and Bangkok. 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 Penns...