Rajeev Jhawar is hopeful that this will be a boon to Usha Martin Limited

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. The company has a global base of wire rope manufacturing, with facilities located in India, the UK, Dubai and Bangkok.

Usha Martin is one of the world's leading manufacturers of wire rope. With over six decades of experience, Usha Martin has established themselves as a globally recognised multi-unit and multi-product organisation through consistent delivery of superior quality products and services. The company embarked on their journey in 1960 and possess 60+ years of industry experience in the manufacturing of wires and wire ropes. Usha Martin Limited has six manufacturing facilities located in Ranchi, Hoshiarpur, Silvassa, Dubai, Bangkok and the United Kingdom, which produce one of the widest ranges of wire ropes in the world.

Rajeev Jhawar has always put significant emphasis on the continual improvement of Usha Martin's products and they are actively engaged in designing wire ropes through their internally developed software and optimising processes, ensuring that the products are at par with global benchmarks. The company also has two comprehensive R&D centres: one in Concesio, Italy and the other in Ranchi, Jharkhand.

The Government of India has put emphasis on accelerating the growth momentum of the country by targeting infrastructural growth including road, rails, urban, power, ports, shipping etc. Rajeev Jhawar is hopeful that this will be a boon to Usha Martin Limited. He also believes that the infrastructure sector has the potential to kick start the economy, boost capex cycle, create jobs outside the urban centres and hopefully provide impetus to the heavy vehicle segment. According to Rajeev Jhawar, the various schemes and other plans initiated by the Government will boost domestic production. All these measures and thrust on infrastructural development will have a major positive impact on the demand for steel in the long run.

The demand in realty and construction sector witnessed a bit of revival in the previous financial year and also with the expected steady spending on infrastructure by government(s) the LRPC strands and speciality products used in the said sectors might prove to be growth drivers for the company in coming years, Rajeev Jhawar added. Further with realty sector crawling back to normalcy, he expects the demand for elevator ropes to pick up. The previous year also saw improvement in automobile sector which in turn has resulted in renewed demand of value-added products of the company such as spring wire and other wires which are especially attributable to the said sector.

The last quarter of the financial year also witnessed an uptick in demand in oil and offshore market globally, thereby boosting up demand for large diameter ropes manufactured by Usha Martin. Rajeev Jhawar aims to expand Usha Martin's global market presence in Elevator Ropes, Crane Ropes, Surface Mining Ropes and Trawler Ropes segments during the next fiscal and expects the exports to countries such as Singapore, Australia, USA, Canada, South Africa, Latin America and Russia to increase.