- JSW Steel Dolvi Works, Maharastra, India
- JSW School of Public Policy (JSW-SPP), Indian Institute of Management, Ahmedabad
Company type | Private |
---|---|
Industry | Conglomerate |
Founded | 1982 |
Founder | Sajjan Jindal |
Headquarters | Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people |
|
Products | |
Revenue | US$23 billion [1] |
Number of employees | 55,000 [2] |
Parent | O.P. Jindal Group |
Subsidiaries |
|
Website | www |
JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and is part of the O.P. Jindal Group. [3] The group's diverse businesses include steel, energy, infrastructure, cement, automotive and paints, across India, the United States, South America, and Africa. [4]
The JSW Group was founded in 1982 when Jindal acquired a re-rolling mill located in Tarapur, Maharashtra, near Mumbai, from Piramal Steel. [5] Following the acquisition, the group renamed it Jindal Iron and Steel Company (JISCO). Subsequently, in the same year, the group established its first steel plant in Vasind, near Mumbai. [6]
In 1994, Jindal Vijayanagar Steel Limited (JVSL) was established in 1994. Situated at Toranagallu in the Bellary–Hospet region of Karnataka, this plant strategically positioned itself in the heart of the high–grade iron ore belt, sprawling across 3,700 acres of land. [7] In 2004, JSW made a strategic move by acquiring Salem Steel Works, adding to its portfolio. The year 2005 witnessed a pivotal moment in group's history when JISCO and JVSL merged to create JSW Steel. [8]
In 1994, JSW Energy Limited was established as power company, focusing on power generation, transmission and trading. [9]
In 1999, JSW Infrastructure was founded to construct and operate airports, shipyards, townships, roads and rail connectivity, inland waterways, water treatment plants, special economic zones and other infrastructural facilities. [10]
In 2008, JSW Group ventured into a rebar joint venture in Georgia. [11] The construction of an integrated steel plant at Dolvi, Maharashtra, in 1994 with the help of ESPIC Consultancy added to their steel production portfolio. And, the acquisition of Welspun Maxsteel in 2014 marked as a diversification in the group's history. [12]
In 2009, JSW Group entered the cement business by establishing JSW Cement and established production facilities in various locations including Vijaynagar, Nandyal (Andhra Pradesh), Dolvi, Jaipur, Shiva (Odhisha), Salboni (West Bengal), and Fujairah (United Arab Emirates). [13]
In 2018, JSW Group purchased Italy's Aferpi. [14] Also, investments were made in a greenfield Texas plant and the takeover of bankrupt Bhushan Power. In 2020, JSW's purchase of Bhushan Power faced legal challenges, but the group pressed on, acquiring stakes and expanding its presence. [15]
On 2 May 2019, JSW Group established JSW Paints with a total investment of ₹600 crore (US$75 million), with ₹250 crore of equity investment and a ₹350 crore debt investment from Axis Bank. [16] [17]
In 2021, JSW Steel Italy acquired a stake in GSI Lucchini and set a CO2 reduction target for 2030. [18] In 2022, they planned the merger of JISPL and CSSL subsidiaries and secured approval for a greenfield steel plant in Andhra Pradesh. [19] In 2013, the group entered into a collaboration with Japan's JFE Holdings in the electrical steel sector. [20] In December 2023, JSW Infrastructure announced plans to acquire a majority stake in PNP Port for ₹270 crore. [21]
In April 2024, JSW Steel raised a $900 million syndicated loan from a consortium of eight foreign banks (Singapore's DBS Bank, France's BNP Paribas, UK's HSBC and Standard Chartered, UAE's Mashreq Bank and First Abu Dhabi Bank, Japan's Sumitomo Mitsui Banking Corp (SMBC) and Taiwan's CTBC Bank) to refinance debt facilities and repay expensive loans ahead of schedule. [22]
The group witnessed growth, expanding from a company worth ₹93 crore (US$12 million) in 1993 to ₹12,700 crore (US$1.6 billion) crore in 2008, [5] and further expanding to become a company valued at ₹180,000 crore (US$23 billion) by 2023. [23] [24]
During 2023, the JSW Group increased its recruitment of female engineers through the Graduate Engineering Trainee (GET) program, nearly tripling the number compared to the previous year. The group has brought onboard over 2,300 young GETs, with nearly 600 of them being women, and has established a goal to reach a 30% representation of women in the program over the next two years. [25]
JSW Foundation is the philanthropic arm of JSW Group, set up in 1987. [55] The foundation works in the field of education, skill building training, healthcare and social development domains. Besides that, the Foundation is actively involved in restoration projects, including the preservation and restoration of significant archaeological ruins like Hampi [56] (and setting up Hampi Art Labs), [57] [58] Mughal Gardens of Kashmir (Shalimar Bagh and Nishat Bagh), [59] Keneseth Eliyahoo Synagogue, [60] [61] Maragondanahalli Lake in Bangalore, [62] David Sassoon Library, [63] [64] Shiv Khori [65] etc.
In 2024, JSW awarded a grant to the National Law School of India University, Bangalore (NLSIU) to renovate and expand a core academic block and to establish and support a research center, the ‘JSW Center for the Future of Law’. [66]
In May 2020, right at the outset of the COVID-19 pandemic in India, JSW Group pledged more than ₹100 crore to aid the relief initiatives led by PM CARES Fund and other State governments in their battle against the COVID-19 crisis. [67] [68]
During the second wave of COVID-19 pandemic in Karnataka in 2021, JSW Group established a temporary 1,000-bed COVID-19 hospital in Ballari, located near its township. [69] Also, the company installed a dedicated 5 km-long oxygen supply pipeline from its Vijayanagar steel plant to directly serve patients at the new hospital under construction. In a related effort, the group repurposed its multi-speciality Jindal Sanjeevani Hospital near Dolvi unit in Maharashtra to function as a COVID-19 treatment facility. [70]
Tata Steel Limited is an Indian multinational steel-making company, based in Jamshedpur, Jharkhand and headquartered in Mumbai, Maharashtra. It is a part of the Tata Group.
The Aditya Birla Group (ABG) is an Indian multinational conglomerate, headquartered in Mumbai. The group has a presence in 36 nations and a combined annual revenue of US$75 billion, over 50% of which is derived from its overseas operations. The group's business interests include metals, cement, fashion and retail, financial services, renewables, fibre, textiles, chemicals, real estate, trading, mining, and entertainment.
Naveen Jindal is an Indian billionaire industrialist, philanthropist, and a former Member of Parliament, Lok Sabha from Kurukshetra, Haryana in the 14th and 15th Lok Sabha. He currently serves as the Chairman of Jindal Steel and Power Limited and Chancellor of O. P. Jindal Global University.
Larsen & Toubro Limited, abbreviated as L&T, is an Indian multinational conglomerate, with interests in industrial technology, heavy industry, engineering, construction, manufacturing, power, information technology, military and financial services. It is headquartered in Mumbai, Maharashtra.
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. More than 60% of its revenue is derived from coal-related businesses.
Bharti Enterprises Limited is an Indian multinational conglomerate, headquartered in Delhi. It was founded in 1976 by Sunil Bharti Mittal. Bharti Enterprises owns businesses spanning across telecommunications, manufacturing, insurance, real estate, hospitality, and food. The group's flagship company, Bharti Airtel, is a telecom service provider with operations in more than 18 countries across Asia, Africa and Europe. The company ranks amongst the top two mobile network operators globally by number of subscribers.
The Kalyani Group is an Indian multinational conglomerate that operates in various key sectors including engineering steel, automotive and non-automotive components, renewable energy and infrastructure, and specialty chemicals. The group has also expanded its operations into the defense manufacturing sector, which was showcased at the DefExpo 2020.
Gautam Shantilal Adani is an Indian billionaire businessman who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.
The economy of Gujarat, a state in Western India, is the most industrialised in India, having the highest industrial output of any state in the union.It has the highest exports of any Indian state, accounting for 33% of all Indian exports in 2022-23. It leads in diverse industrial sectors such as chemicals, petrochemicals, dairy, drugs and pharmaceuticals, cement and ceramics, gems and jewellery, textiles and engineering. It has the highest Electricity Production Capacity and Maritime Port Cargo Volume among all states in India. It also has significant agricultural production with major agricultural produce of the state being cotton, groundnuts (peanuts), dates, sugar cane, milk and milk products. Gujarat recorded the lowest unemployment rate in India in 2022, with 4.4% of the labour force being unemployed.
Essar Group is an Indian multinational conglomerate company, founded by Shashi Ruia and Ravi Ruia in 1969. The company, known as Essar Global Fund Limited (EGFL), owns a variety of assets in the core sectors of energy, infrastructure & logistics, metals & mining, technology, and retail. EGFL holds a nearly 100% stake in all its investments.
Sajjan Jindal is an Indian billionaire industrialist. He is the chairman and managing director of JSW Group of companies; diversified in steel, mining, energy, sports, infrastructure and, software business.
JSW Ispat Steel Ltd (JISL) was an Indian company with operations in iron, steel, mining, energy and infrastructure. It was set up as Nippon Denro Ispat Limited in May 1984 by founding chairman M. L. Mittal. It was listed on the Bombay Stock Exchange and National Stock Exchange of India until 2013 when it was merged with JSW Steel. It was headquartered in Mumbai and employed about 3,000 people.
Jaiprakash Associates Limited, commonly known as Jaypee Group, is an Indian conglomerate company headquartered in Noida, Uttar Pradesh, with interests in engineering, construction, power, real estate, hospitality, IT, sports and education (non-profit).
Dharamtar port, commonly known as JSW Dharamtar Port is on the right bank of the Amba river and is 10 miles (16 km) from its mouth. Approximately 2 km (1.2 mi) from Wadkhal village on NH-17. The port is 0.5 km (0.31 mi) from the state highway that runs through Pen to Alibag and is 2 km (1.2 mi) away from National Highway 17 (Mumbai—Goa). The port is also adjacent to Mumbai–Goa–Konkan railway line with an approved rail siding. It is a tri-modal port with rail.
JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of Bhushan Power & Steel, Ispat Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private sector steel company.
Welspun Corp Limited is an Indian multinational company with its headquarters in Mumbai, India. It is one of the largest manufacturers of large-diameter pipes globally, operating in 50 countries across six continents. Its manufacturing facilities are located in Anjar (Gujarat), Bhopal, Mandya (Karnataka), Jhagadia (Gujarat), and Little Rock, Arkansas, in the US.
Adani Enterprises Limited (AEL) is an Indian multinational publicly-listed holding company and a part of Adani Group. It is headquartered in Ahmedabad and primarily involved in mining and trading of coal and iron ore. Through its various subsidiaries, it also has business interests in airport operations, edible oils, road, rail and water infrastructure, data centers, and solar manufacturing, among others.
Parth Jindal is an Indian businessman and scion of JSW Group.
JSW MG Motor India Pvt Ltd, previously MG Motor India Private Limited until 2024, is an automobile manufacturer in India, which was established in 2019. Since 2023, it is a joint venture between the Mumbai-based Indian multinational conglomerate JSW Group and Shanghai-based Chinese automotive manufacturer SAIC Motor, which markets vehicles under the British MG marque.
Adani Energy Solutions Ltd, formerly known as Adani Transmission Ltd, is an electric power transmission company headquartered in Ahmedabad. Currently, it is one of the largest private sector power transmission companies operating in India. As of July 2020, the company operates a cumulative network of 12,200 circuit kilometers, and more than 3,200 circuit kilometers are under various stages of construction.
{{cite book}}
: CS1 maint: multiple names: authors list (link)