Usha Martin Limited was founded in 1986 as Usha Beltron Ltd. Under Rajeev Jhawar's direction, the company had seen tremendous growth since its beginning and had been elegantly rising up the ladder over the last years. Rajeev Jhawar Usha Martin’s-Managing Director and Executive Director as well as the Chief Financial and Compliance Officer of GJ Steel Public Co., Ltd. and G Steel Public Co., Ltd. He is also a member of the Institute of Chartered Accountants of India and the Institute of Cost and Works Accountants of India, and he serves on the boards of 17 additional firms.
Rajeev Jhawar previously worked as Director-Finance & Commercial at Tropical Agro system India Ltd., Managing Director at Usha Martin Industries Ltd., and Director-Finance & Commercial at SBQ Steels Ltd. Rajeev Jhawar graduated from St. Xavier's College and London Business School. The first wire rope was manufactured by UML in 1962. Its public offering in 1961 was more than 300 percent oversubscribed. Usha Martin Limited issued its first dividend in 1963 and quadrupled production from 3,600 tones to 7,200 tones in just two and a half years.
Usha Martin has developed with newfound vigor following the exit of its steel business venture, with a focus on capability growth, reducing restrictions, and increasing core product productivity to remain flexible and competitive. Rajeev Jhawar Usha Martin is formulating plans for capacity and competency growth in order to be sustainable, resilient, and future-ready.
Usha Martin Limited quickly became one of the world's largest manufacturers of wire ropes. Their wire rope manufacturing plants are located in Ranchi, Hoshiarpur, Dubai, Bangkok, and the United Kingdom. Usha Martin manufactures one of the most diverse varieties of wire ropes in the world. Usha Martin Limited and its subsidiaries manufacture and sell wires, wire ropes, and strands in India and around the world.
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