Usha Martin Limited, pride themselves on being a unified global business entity, unwavering in their pursuit of excellence, and constantly on an upward growth trajectory. This commitment is driven by leveraging their core competencies, focusing on sustainable growth, expanding their global presence, making value-accretive capital expenditures, and embracing innovation and digitalisation.
A Global Manufacturing Leader
Usha Martin’s manufacturing facilities, spread across India, Dubai, Thailand, and the United Kingdom, produce a diverse range of steel wire and wire ropes. Supported by two state-of-the-art R&D centres in Italy and India, their dedicated team of professionals strives for continuous innovation and improvement in their products and processes.
Their commitment to quality is reflected in their in-house software and process optimisation, ensuring their products meet global standards. With a strong global presence in over 70 countries and international sales contributing to more than half of their turnover, they have established as a leading manufacturer of steel wire ropes worldwide.
Usha Martin’s focus on customer satisfaction is evident through their quality service and global network of over 250 group distribution centres and channel partners. They are dedicated to the concept of “Globally Local,” providing their products and services to customers worldwide.
Rajeev Jhawar, Usha Martin Managing Director, has been instrumental in driving the company towards becoming a global leader in the wire rope industry. His vision focuses on delivering complete solutions, adopting modern technology, and ensuring sustainable and inclusive growth for all stakeholders.
In his message to shareholders, Rajeev Jhawar reflects on a transformative year for Usha Martin. According to him, the year that has not only brought Usha Martin on the cusp of a new growth era but has put them on a steady path to a sustainable future. They believe Usha Martin is now on a strong foundation to perform to its potential and deliver enhanced value to all stakeholders.
Strategic Initiatives Under Rajeev Jhawar
Rajeev Jhawar’s strategic initiatives have been pivotal in leveraging the company’s existing resources to their full potential. These initiatives include:
1. Strengthening International Teams and Organizational Structure: By improving synergies through closer integration of overseas subsidiaries with the India business, Usha Martin has enhanced its global operations.
2. Focusing on High-Value Products: Cross-functional groups for key growth segments such as ports, mining, elevators, oil, and offshore have been established to increase focus on high-value products and improve margins.
3. Enhancing Services Business Internationally: Expanding the services business internationally adds further value to their products and increases market share.
Under Rajeev Jhawar leadership, Usha Martin Limited has built a strong foundation for sustainable growth and innovation. His vision and strategic direction have not only positioned the company for future success but have also ensured that Usha Martin remains a global leader in the wire rope industry. With a steadfast focus on quality, customer satisfaction, and technological advancement, Usha Martin continues to reach new heights, driven by the unwavering leadership of Rajeev Jhawar.
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