Wikipedia
JSW Group
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 and paints, across India, the United States, South America, and Africa.[4] On the list of top ten fastest growing Indian brands, JSW Group is ranked first by Interbrand.[5]
Headquarters in Bandra Kurla Complex, Mumbai | |
| 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 |
History
The JSW Group was founded in 1982 when Jindal acquired a re-rolling mill located in Tarapur, Maharashtra, near Mumbai, from Piramal Steel.[6] 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,[6] and further expanding to become a company valued at ₹180,000 crore (US$23 billion) by 2023.[7][8]
Group companies
Listed
- JSW Steel – JSW Steel has one of the world's largest single blast furnaces with a capacity of 4.8 MTPA.[9] JSW's overall installed capacity is 28.5 MTPA.[10]
- JSW Energy – JSW Energy has a power generation capacity of 6564 megawatts (MW),[11] out of which 3158 MW is thermal power, 1391 MW is hydropower and 10 MW solar power.[12] It plans to significantly increase its capacity from 6.3GW to 20GW by March 2030 by solar and wind-based power projects.[13]
- JSW Holdings – JSW Holdings is a Non-Banking Financial Company (NBFC) that forms the investment arm of the JSW Group. The company will continue to focus on strategic investments in new ventures promoted by the JSW Group.
Unlisted
- JSW Infrastructure – Based in Mumbai,[14] its primary business interests are in the development of infrastructure for ports, roads, and rail connectivity.[14][15] JSW Dharamtar Port and JSW Jaigad Port both ports are operated by JSW Infrastructure. The company aims to enhance its cargo handling capacity from 153MT to 200MT by FY25 and further to 300MT by FY30. In FY22, the company recorded a profit of ₹318 crore from a revenue of ₹2,273 crore.[13]
- JSW Cement – In 2009, JSW Group entered the cement business and established production facilities in various locations including Vijaynagar, Nandyal (Andhra Pradesh), Dolvi, Jaipur, Shiva (Odhisha), Salboni (West Bengal), and Fujairah (United Arab Emirates).[16] Currently, it has a capacity of 17 MTPA.[17] The company is currently engaged in initiatives to develop zero clinker cement, a type of cement that eliminates the need for limestone mining. Instead, it will utilize fly ash and ground-granulated blast-furnace slag, combined with a chemical additive, to produce concrete.[13]
- JSW Paints – On 2 May 2019, JSW Group established JSW Paints with a total investment of ₹600 crore (US$75 million), with ₹250 of equity investment and a ₹350 crore debt investment from Axis Bank.[18][19] There are two manufacturing facilities under its operation, with one dedicated to industrial coatings located in Vasind (Maharashtra), and the other focused on decorative coatings situated in Vijayanagar.[13]
- JSW Ventures – JSW Ventures is the venture capital arm of JSW Group which invests in early-stage Indian startups.[20]
- JSW Realty – It is the real-estate subsidiary of the group, focusing on sustainable residential and commercial projects.
- JSW Sports – Through its subsidiary JSW Sports, the group also owns the Indian Premier League cricket team Delhi Capitals (in partnership with GMR Group), the SA20 cricket team Pretoria Capitals, the ILT20 cricket team Dubai Capitals, the Indian Super League football club Bengaluru FC, and the Pro Kabaddi League team Haryana Steelers.[21]
- JSW One Platforms – Launched as a subsidiary in 2021, it comprises two entities: JSW One MSME and JSW One Homes. The former is an online platform offering a one-stop solution for MSMEs, providing a diverse range of industrial materials such as steel, welding consumables, TMT bars, and cement at competitive prices. On the other hand, the latter is a digital platform that specializes in end-to-end home construction solutions for individual real estate companies and builders.[22]
Joint-ventures
- JSW Ispat Special Products Limited, established in 1990 as Monnet Ispat & Energy Limited (MIEL), which does manufacturing and marketing of sponge iron, steel, ferro alloys, HR plates, rebars and structure profiles.It has two integrated steel plants in Raipur, Chhattisgarh and Raigarh, Chhattisgarh [23]
Research and development
- JSW School of Public Policy, Indian Institute of Management Ahmedabad.[24]
- JSW Technology Hub, Indian Institute of Technology Bombay.[25]
Philanthropy
JSW Foundation is the philanthropic arm of JSW Group, set up in 1987.[26] 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,[27] Mughal Gardens of Kashmir (Shalimar Bagh and Nishat Bagh),[28] Keneseth Eliyahoo Synagogue,[29][30] Maragondanahalli Lake in Bangalore,[31] David Sassoon Library,[32][33] etc.
Gallery
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JSW Steel Dolvi Works, Maharastra, India
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JSW School of Public Policy (JSW-SPP), Indian Institute of Management, Ahmedabad
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References
- ^ "JSW Cement raises Rs 400 cr via sustainability-linked loan from BNP Paribas". Business Standard.
- ^ "Steel firms engage with vaccine makers for bulk supply of doses for employees". LiveMint. Retrieved 25 January 2021.
- ^ "Won't give away control of JSW Steel: Sajjan Jindal: Rediff.com Business". Getahead.rediff.com. 6 July 2006. Retrieved 24 September 2010.
- ^ www.ETEnergyworld.com. "JSW Steel: JSW Group is exploring investment opportunities in Macedonia, Energy News, ET EnergyWorld". ETEnergyworld.com. Retrieved 31 January 2023.
- ^ "Interbrand Unveils 2023 50 Most Valuable Indian Brands". Interbrand. Retrieved 9 July 2023.
- ^ a b Singh, Pritam; Bhandarker, Asha (14 February 2011). In Search of Change Maestros. SAGE Publications. ISBN 978-81-321-0586-2.
- ^ "Meet Sajjan Jindal, son of India's richest woman, MD of Rs 180000 crore company, their net worth is..." DNA India. Retrieved 12 June 2023.
- ^ Anand, Saurav (6 July 2023). "JSW Steel crude steel production rises 11% to 6.43 million tonne in Q1". mint. Retrieved 9 July 2023.
- ^ Carney, Michael; Dieleman, Marleen, eds. (2023). De Gruyter Handbook of Business Families. De Gruyter. p. 149. doi:10.1515/9783110727968. ISBN 9783110727968.
- ^ Anand, Saurav (10 May 2023). "JSW Steel's crude steel production up 7% YoY in April". mint. Retrieved 9 July 2023.
- ^ Kurup, Rajesh (30 March 2023). "JSW Energy completes acquisition of Mytrah Energy's RE portfolio". Financialexpress. Retrieved 9 July 2023.
- ^ Baruah, Rituraj (7 April 2022). "JSW Energy starts operations at 225 MW Vijayanagar solar project". mint. Retrieved 31 January 2023.
- ^ a b c d John, Nevin (7 April 2023). "JSW Group: Life Beyond Steel". www.fortuneindia.com. Retrieved 20 May 2023.
- ^ a b "JSW in five-fold ramp-up at Jaigarh - Money - DNA". Dnaindia.com. 31 August 2009. Retrieved 24 September 2010.
- ^ . Jsw.in. Archived from the original on 27 September 2010. Retrieved 24 September 2010.
- ^ Ghosh, Sadhan Kumar; Parlikar, Ulhas V.; Karstensen, Kåre Helge (16 November 2021). Sustainable Management of Wastes Through Co-processing. Springer Nature. ISBN 978-981-16-6073-3.
- ^ "JSW Cement to invest ₹3,200 crore to set up 5 MTPA capacity in central India". The Hindu. 11 October 2022. Retrieved 13 December 2022.
- ^ Gaur, Vatsala (2 May 2019). "JSW Paints aims at Rs 2,000 crore revenue over three years". The Economic Times. Retrieved 3 May 2019.
- ^ Thomas, Tanya (2 May 2019). "JSW enters paints business with ₹600 crore investment". Mint. Retrieved 3 May 2019.
- ^ "JSW Ventures set to mark first close of new VC fund". VCCircle. Retrieved 13 December 2022.
- ^ "Sajjan Jindal's Heavy Lifting". www.businesstoday.in. 5 August 2020. Retrieved 25 January 2021.
- ^ Mishra, Mihir (10 April 2023). "JSW One Platforms to seek NBFC licence". mint. Retrieved 20 May 2023.
- ^ "Steel sector slowdown likely to impact turnaround time for Monnet: Sajjan Jindal". 25 July 2019.
- ^ "Five years after scrapping policy program, IIMA to launch JSW School of Public Policy". The Indian Express. 2 July 2015. Retrieved 26 September 2022.
- ^ "IIT Bombay, JSW Group tie up to establish tech hub for steel making". The Hindu. 18 August 2022. ISSN 0971-751X. Retrieved 26 September 2022.
- ^ Sinha, Baxi C. V. & Ray, Rupamanjari (2012). Corporate Social Responsibility. Vikas Publishing House. ISBN 978-93-259-5764-0.
{{cite book}}: CS1 maint: multiple names: authors list (link) - ^ Zielinski, Priyanka Gupta (26 April 2021). The Ultimate Family Business Survival Guide. Pan Macmillan. ISBN 978-93-90742-01-1.
- ^ Aashiq, Peerzada (28 July 2021). "JSW Foundation to restore famous Mughal gardens in Kashmir". The Hindu. ISSN 0971-751X. Retrieved 12 June 2023.
- ^ "Mumbai's 'Blue Synagogue' restored, but it's not blue anymore". The Indian Express. 8 February 2019. Retrieved 12 June 2023.
- ^ "Little-known facts about Mumbai's newly restored Keneseth Eliyahoo synagogue - Elle India". Retrieved 12 June 2023.
- ^ Nandakumar, Prathima. "This was how Bengaluru's Maragondanahalli lake was ecologically restored". The Week. Retrieved 12 June 2023.
- ^ "David Sassoon Library opens to public after restoration; see pics". The Indian Express. 3 June 2023. Retrieved 9 July 2023.
- ^ Mrityunjay, Bose (2 June 2023). "David Sassoon Library in Mumbai restored". Deccan Herald. Retrieved 9 July 2023.
External links
- Official site