Usha Martin is All Set to Strengthen Their Capacities in the Upcoming Year — Rajeev Jhawar
Rajeev Jhawar Usha Martin, Managing Director at Usha Martin Limited is the son of Brij Kishore 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, the UK, Dubai and Bangkok. Rajeev Jhawar makes sure that Usha Martin wire ropes are supported with an extensive global network so that it can offer expert advice to both crane manufacturers and end users. Usha Martin is now in the process of strengthening their projects and services under the leadership of Rajeev Jhawar Usha Martin.
“We believe that we are at an inflection point. Having been able to stabilise our business, we are truly on our way to strengthen our operations and push the boundaries”, Rajeev Jhawar said on the expansion of the company in terms of capacities and increasing the business into new geographies. The strategic move of Rajeev Jhawar to sell Usha Martin’s steel business to Tata Steel had enabled them to significantly deleverage their Balance Sheet and focus on their core competencies. This has already started yielding results and has placed them in a position of strength.
Post divestment of its steel business undertaking, Usha Martin has improved with renewed vigor with its focus on capability building, removing constraints and increase in productivity of key products to remain agile and competitive. In order to continue to be sustainable, resilient and future ready, Rajeev Jhawar and Usha Martin is preparing for plans for augmenting capacity and capability building.
Rajeev Jhawar is hopeful that with steady infrastructure spending by the Indian government, specialty products used in construction and infrastructural sectors may become one of the key growth drivers for the company in the upcoming years. Usha Martin expects growth in export volume in South-East Asia, Australia, USA, Canada, Latin America and South Africa in the following years from these sectors. Rajeev Jhawar feels optimistic that the demand for these growth-driving products should remain sustainable in the coming years and provide increased business opportunities to the company. Rajeev Jhawar also acknowledges that the future outlook is expected to be a mixed bag of both opportunities and challenges with the key being the company’s adaptability and proactive adjustments to the ever-changing macro-economic environment.
