Rajeev Jhawar Usha Martin
Kgvk Rural Enterprises Limited in Kolkata, West Bengal, India
Rajeev Jhawar is the son of Brij Kishore Jhawar. He has been the Managing Director at Usha Martin Limited since May 19, 2008. He is the Director of Neutral Publishing House Ltd. Usha Martin Limited had gone through turmoil with a huge debt burden and a family feud for several years. After hiving off its steel division to Tata in 2019 and clearing
most of its debts, the company now sees itself in a reasonably healthy position. The current debt of the company, including the working capital, is now merely Rs582 crore, as against Rs4,600 crore in 2018-19.Usha Martin is known for making a wide range of wire rope products, which have applications across the world. The ropes manufactured by Usha Martin serve in some of the most critical applications across diversified industrial segments, which include oil & offshore, cranes, mining, elevators, aerials, fishing, conveyor belts and general engineering. The outbreak of the corona virus pandemic globally and in India has caused significant disturbance and slowdown of economic activities.
Mr. Rajeev Jhawar [DIN: 00086164] is getting reappointed as the Managing Director of Usha Martin Limited for a 5-year term starting from May 19th, 2023.