Rajeev Jhawar, Managing Director at Usha Martin Limited is the son of Brij Kishore Jhawar. He has been the MD of Usha Martin since May 19, 2008. Rajeev Jhawar is also the Director of Neutral Publishing House Ltd. Usha Martin is one of the largest manufacturers of wire ropes in the world and has the capacity to produce 300,050 tonnes of it per annum. It has a global base of wire rope manufacturing, with facilities located in India, UK, Dubai and Bangkok.
Usha Martin and its Manufactures:
The performance of Usha Martin Limited recently was pretty impressive and Managing Director Rajeev Jhawar deserves a mention for his role in it. He primarily focuses on the future company strategy and has done a decent job to uplift Usha Martin Limited. Usha Martin Limited has seen its earnings per share (EPS) increase by 50% a year over the past three years. In the last year, its revenue is up 19%. Overall, this is a positive result for shareholders, showing that the company has improved in recent years. This sort of respectable year-on-year revenue growth is often seen in a healthy, growing business.
Rajeev Jhawar Usha Martin is one of the largest manufacturers of wire ropes in the world and has the capacity to produce 300,050 tonnes of it per annum. The company has a global base of wire rope manufacturing, with facilities located in India, UK, Dubai and Bangkok. For specific products, Usha Martin has collaborated with globally reputed companies like Gustav wolf of Germany, Joh. Pengg AG of Austria and Tesac wire ropes of Japan. Usha Martin is known for making a wide range of wire rope products, which have applications across the world.
Rajeev Jhawar with the company’s shareholders is primarily interested in discussions that would help manage their longer-term growth expectations such as company business strategies and future growth potential. According to Rajeev Jhawar, global demand for the oil and offshore market saw improvement during the FY20-21 which in turn boosted the demand for speciality rope products of the company catering to the said sector. He mentioned that the demand from the said sector shall sustain in the next fiscal and is expected to provide business opportunities to the company.
Rajeev Jhawar also said the various measures announced by the central government to stimulate the economy are likely to bear fruit after the monsoon. While the pandemic has not yet been eradicated, the growth is likely to occur as all the industries had learnt to live together with the pandemic. Further Rajeev Jhawar also stated that with steady infrastructure spending by the government, speciality products used in construction and infrastructural sector may be growth drivers for the company in the following years. The slowdown followed by the COVID-19 pandemic earlier affected the top line of Usha Martin. But now the top-line has started to see a steady growth from the last financial year and Rajeev Jhawar seems to be confident and optimistic about the days to come.
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