Career
In 2010, Jindal began his career as an associate manager at JSW Group, where he worked alongside engineers and gained experience in company operations. He was involved in the acquisition of a stake in Ispat Industries and its integration with JSW. After a brief period as a consultant at Boston Consulting Group (BCG), Jindal joined Jindal Stainless Limited as Vice Chairman in November 2015. [1] Later, Jindal was appointed Managing Director of Jindal Stainless Limited in 2018. He addressed supply chain inefficiencies by implementing a dual inventory management approach, shifting from a 'Made to Order' model to an 'Anticipation of Stock' approach. He also worked on diversifying JSL's market dependence to minimize exposure to market fluctuations, led a $157 million investment in a nickel smelter facility in Indonesia, and introduced automated logistics systems at the company. [1]
Under Jindal's leadership, JSL underwent Corporate debt restructuring (CDR) in 2013 following economic challenges that impacted loan repayments, with debts amounting to nearly ₹8,000 crore. As part of this process, JSL's debt was redistributed among three entities, Jindal Stainless (Hisar) Limited, Jindal United Steel Limited, and Jindal Coke Limited. [7] The company successfully exited the Corporate Debt Restructuring framework on 31 March 2019. [8] [9]
He conceptualized Jindal Saathi, a co-branding initiative by Jindal Stainless that offers co-branded stainless steel pipes and tubes to distinguish genuine products from counterfeit ones in the market. [1] [10]
In January 2024, Jindal advocated for the removal of import duties on raw materials in the Union budget of India to support domestic manufacturers and proposed the imposition of Basic Customs Duty on imports to address the influx of low-cost stainless steel products from countries such as China and Vietnam. [11]
He raised concerns on multiple occasions about Chinese stainless steel being sold at subsidized rates, noting its negative impact on small and medium-sized enterprises, with some businesses exiting or shifting to trading. [12] [13] [14]
Leadership and affiliations
In October 2024, Abhyuday Jindal was elected as the President of the Indian Chamber of Commerce (ICC). [3] Previously, he served as the Senior Vice President of ICC from October 2023 to October 2024. [15] He served as the Co-Chair of the Steel Committee at FICCI. [4]
In addition, he is the Vice President of the Infrastructure Industry and Logistics Federation of India [16] and serves as the Co-Chair of the Advisory Council of the Corrosion Management Division at the Confederation of Indian Industry. [4]