Wikipedia

Sajjan Jindal

Sajjan Jindal (born 5 December 1959) is an Indian billionaire businessman. He is the chairman and managing director of JSW Group of companies; diversified in steel, mining, energy, sports, infrastructure and, software business.[2][3]

Sajjan Jindal
Sajjan Jindal circa 2016
Born (1959-12-05) 5 December 1959 (age 64)[1]
India[citation needed]
Alma materRamaiah Institute of Technology
Occupation(s)Chairman and Managing Director of JSW Group
SpouseSangita Jindal
Children3, including Parth Jindal
Parent(s)Om Prakash Jindal
Savitri Jindal
RelativesNaveen Jindal (brother)
Websitejsw.in

For 2021–22, he served as the chairman of World Steel Association.[4] He was replaced by POSCO's Jeong-Woo Choi.[5] Jindal is also an instrumental figure in establishing Indian Steel Association in the 2014.[6][7]

Early life and education

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He is one of the sons of Indian businessman and parliamentarian, Om Prakash Jindal. His youngest brother, Naveen, is a former Member of Parliament of India from the Indian National Congress party and also leading Jindal Steel and Power.[8]

According to Forbes, Jindal family led by Savitri Jindal is worth US$14.5 billion, as of 2021.[9]

Sajjan Jindal holds a bachelor's degree in mechanical engineering from the Ramaiah Institute of Technology, Bangalore.[10]

Career

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In 1982, he joined the OP Jindal Group as a freshly graduated mechanical engineer from Bengaluru, and within a year he moved to Mumbai to look after the western region operations. In 1983–1984, Jindal's father, Om Prakash Jindal put him to the test by ordering him to turn around operations at two facilities near Mumbai.[11]

He promoted Jindal Iron and Steel Company Limited (JISCO), for manufacturing of Cold Rolled and Galvanized Sheet Products in 1989. He promoted Jindal Vijaynagar Steel Limited (JVSL), JSW Energy Limited (JSWEL), Jindal Praxair Oxygen Limited. (JPOCL) and Vijaynagar Minerals Private Limited. (VMPL) to ensure complete integration of the manufacturing progress in 1995. In 2005, his steel companies, JISCO, and JVSL, were merged to form JSW Steel, and a holding group of the same name.[7]

Even before the death of OP Jindal in a helicopter accident in 2005,[12][13] the group's patriarch established a "division of business" framework. First, he gave Prithviraj, Sajjan, Ratan, and Naveen Jindal equal shares of the existing OP Jindal Group he had built up over the years.[14] Then, Jindal Senior ensured that each of his sons had a cross-holding in the businesses that the brothers were owning individually.[15]

Board memberships and affiliations

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In 2008, Jindal became the president of ASSOCHAM.[16] He is a member of the Advisory Committee for TERI School of Advanced Studies, a council member for the Indian Institute of Metals and Krea University;[17] and also a board member for the Indian Institute of Management Indore. In 2023, Jindal was nominated as the chairperson of the Board of Governors (BoG) of Indian Institute of Technology Tirupati.[18]

Business

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Jindal is leading JSW Group, a multi-business conglomerate worth US$23 billion.[19][20][21] The group's companies are listed below:[22]

Philanthropy

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Awards and recognition

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  • June 2009, Willy Korf/Ken Iverson Steel Vision Award for his contribution to the steel industry.[27]
  • 2014 "National Metallurgist Award: Industry” instituted by the Ministry of Steel, Government of India.[28]
  • IIM-JRD Tata Award 2017 for Excellence in Corporate Leadership in Metallurgical industry.[29]
  • 2018 CEO of the Year award by Business Standard.[30]
  • Best CEO award 2019 by Business Today Magazine.[31]
  • Ernst & Young Entrepreneur of the Year Award 2022.[32][33]
  • Fortune India's Class of Best CEOs of India, 2024.[34]

Personal life

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Jindal is married to Sangita Jindal, who is Chairperson of JSW Foundation. Together, the couple has two daughters, Tarini and Tanvi, and a son, Parth.[35]

References

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  1. ^ "The Hindu : Karnataka News : Profile of Sajjan Jindal". www.hindu.com. Archived from the original on 10 October 2009. Retrieved 15 January 2022.
  2. ^ "वाहन-श्रेणी के इस्पात के लिए जेएसडब्लू और जेएफई का करार". Archived from the original on 21 July 2011. Retrieved 19 November 2009.
  3. ^ "Mumbai tops IIFL Wealth Hurun India Rich List 2022 with 283 entrants — a look 10 richest in Maximum City". cnbctv18.com. 22 September 2022. Retrieved 26 September 2022.
  4. ^ Pathak, Kalpana (13 October 2021). "Sajjan Jindal appointed chairman of World Steel Association". mint. Retrieved 26 September 2022.
  5. ^ Golob, Nicolas (19 October 2022). "Posco Holdings chief elected worldsteel chairman". EUROMETAL. Retrieved 31 October 2022.
  6. ^ Mishra, Sanak (13 July 2020). Sanak Mishra: An Autobiography. Notion Press. ISBN 978-1-64899-727-3.
  7. ^ a b "India's Man of Steel: Sajjan Jindal". BW Businessworld. Retrieved 24 March 2023.
  8. ^ Shora, Shehla Rashid; Arya, Arshia; Pal, Joyojeet (August 2023). "Institutional isomorphism in corporate Twitter discourse on citizenship and immigration in India and the United States". Global Policy. 14 (5): 938–948. doi:10.1111/1758-5899.13241. ISSN 1758-5880. S2CID 260463602.
  9. ^ "Savitri Jindal & family". Forbes. Retrieved 14 January 2017.
  10. ^ "Stocks". 15 March 2024.[dead link‍]
  11. ^ Mathew Thomas, Prince. "Sajjan Jindal's Cloning Factory". Forbes India. Retrieved 31 December 2022.
  12. ^ "Meet Sajjan Jindal: The son of India's richest businesswoman, Savitri Jindal, and the driving force behind JSW Group's billion-dollar success". Financialexpress. 30 July 2023. Retrieved 19 August 2023.
  13. ^ "Steel tycoon OP Jindal dies in air crash". Business Standard India. 1 April 2005. Retrieved 31 December 2022.
  14. ^ Daidj, Nabyla (1 July 2016). Strategy, Structure and Corporate Governance: Expressing inter-firm networks and group-affiliated companies. CRC Press. ISBN 978-1-317-04924-1.
  15. ^ Thomas, Prince (11 June 2015). "The Jindal brothers – a unique family model". BLoC. Retrieved 31 December 2022.
  16. ^ "Sajjan Jindal takes over as new Assocham president". The Economic Times. 3 June 2008. ISSN 0013-0389. Retrieved 24 March 2023.
  17. ^ "Sajjan Jindal". Krea University - Top university for liberal education. Retrieved 28 September 2023.
  18. ^ IIT Tirupati, BoG. "IIT Tirupati BoG".
  19. ^ "JSW beats Adani to bag Rs 4k cr K'taka port project". The Times of India. 17 November 2023. ISSN 0971-8257. Retrieved 1 December 2023.
  20. ^ Saha, Sambit. "Jindals prepare to give up land in Salboni". www.telegraphindia.com. Retrieved 1 March 2023.
  21. ^ Agarwal, Mehak (17 October 2022). "'This city has so much energy': Here's what JSW Group's Sajjan Jindal has to say about Mumbai". Business Today. Retrieved 1 March 2023.
  22. ^ "JSW Steel LTD. Is one among the largest Indian Steel Companies in India today". Archived from the original on 21 February 2009. Retrieved 26 February 2009.
  23. ^ Doval, Pankaj (1 December 2023). "MG to become local in India: China's SAIC signs JV with Sajjan Jindal to expand in India". The Times of India. ISSN 0971-8257. Retrieved 1 December 2023.
  24. ^ "JSW enters defence sector with acquisition of majority stake in Gecko Motors". Hindu BusinessLine. 25 January 2024. Retrieved 26 January 2024.
  25. ^ "IIT Bombay and JSW Group sign partnership to establish first-of-its kind, state-of-the-art technology hub for steel manufacturing in India". pib.gov.in. Retrieved 26 September 2022.
  26. ^ "IIT Bombay and JSW Group to establish a technology hub for steel manufacturing". Business Insider. Retrieved 26 September 2022.
  27. ^ "Sajjan Jindal". cnbctv18.com. Retrieved 24 February 2023.
  28. ^ "Sajjan Jindal". World Economic Forum. Retrieved 24 February 2023.
  29. ^ "IIM JRD Tata Award for Excellence in Corporate leadership in Metallurgical Industries 2021 Past Recipients List" (PDF).
  30. ^ Reporter, B. S. (2 April 2018). "Business Standard Annual Awards 2018: Toasting the spirit of success". www.business-standard.com. Retrieved 24 February 2023.
  31. ^ "MindRush 2019: Business Today Best CEO awards announced". Business Today. 14 February 2019. Retrieved 24 February 2023.
  32. ^ "JSW Group chairman Sajjan Jindal wins EY entrepreneur of the year award 2022". The Times of India. 23 February 2023. ISSN 0971-8257. Retrieved 24 February 2023.
  33. ^ "Sajjan Jindal wins EY Entrepreneur of the Year Award 2022". www.thehindubusinessline.com. 23 February 2023. Retrieved 24 February 2023.
  34. ^ Dubey, Rajeev (11 October 2024). "Class of 2024: India's Best CEOs Navigate Uncertainty, Volatility". Fortune India. Retrieved 13 October 2024.
  35. ^ Carney, Michael; Dieleman, Marleen (30 January 2023). De Gruyter Handbook of Business Families. Walter de Gruyter GmbH & Co KG. ISBN 978-3-11-072796-8.

Further reading

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