Sajjan Jindal

Sajjan Jindal

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Category: Business

Sajjan Jindal Profile

  • Name:
  • Sajjan Jindal
  • Born:
  • December 5, 1959
  • Born / Home Town:
  • Hisar
  • Father:
  • Om Prakash Jindal
  • Mother:
  • Savitri Jindal

Sajjan Jindal Biography

Sajjan Jindal is a business executive, who currently serves as the Chairman and Managing Director of JSW Steel. JSW Steel is India's largest private steel producer. He is the ex-President of the Associated Chamber of Commerce and Industry of India. A few of his family members are associated with Indian politics. He is born to businessman and former parliamentarian, Om Prakash Jindal. His mother Savitri Jindal is Minister of State for Revenue, Disaster Management, Rehabilitation and Housing in Haryana state government. His youngest brother, Naveen Jindal is also a parliamentarian representing Indian National congress from Kurukshetra constituency of Haryana. He along with his three siblings, Prithviraj, Ratan and Naveen run family business inherited from their family.  

 

He completed Mechanical Engineering from M S Ramaiah Institute of Technology, Bangalore before entering to the business world. He started off as a manager at the age of 25. At the age of 38 he made a challenging decision of his life. Though it was at heavy risk, Sajjan was willing to accept the challenge when he commissioned a Rs. 4,000 crore integrated steel plant at Vijayawada. Though many advised him not to go with his decision as it was based on an unknown untested technology Corex, he decided to use it as it gives good margins on cheap cost.

 

One day before the plant was to go on-stream, an unexpected rainfall washed away everything. Though the workers tried manually, they had to shut down the project booking high loss. He stayed on the site, made a second attempt and took 6 months to restart the project which proved to be successful. Three years later, he commissioned a second Corex plant which later became a case study for many steel plants across the globe. Seven years later, Jindal’s Rs. 20,000 crore steel business exceeded Tata Steel. His bet on modern technology with high price proved right choice too. It’s the success story of Jindal.

Published: N/A

Updated: July 09, 2014

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