Instrumental Planner

A new feather to JSW´s cap! Parth Jindal has been recently appointed Managing Director of JSW Cement. At just 25, Jindal has been an Economic Analyst of JSW Steel. He has been instrumental in convincing the group to invest Rs 800 crore in the grinding unit at a site where the work on a 10-million tonne integrated steel plant with an investment of Rs 35,000 crore was stopped due to delay in allocation of raw material linkages. With this, JSW had acquired about 4,000 acre for the steel plant in West Bengal, but is now constructing the cement grinding unit on 134 acre and a power plant of 300 MW with an investment of Rs 2,000 crore. Having shown keen interest in growing the cement business, Jindal started training with JSW Steel when he returned after his undergrad at the age of 22. He started off as an economist and later went to Japan on a six-months training with partner JFE. Back home, Jindal worked in the human resources, legal and marketing divisions, and was entrusted with chalking out a strategy to turnaround the loss-making pipe and plate mills in the US. Jindal went on to convince the infrastructure-focused company to diversify into funding internet and technology focused start-ups with a venture capital fund of Rs 100 crore. With Jindal also being the chief executive of the group´s sport company, which owns Bangalore Football Club and prepares athletes for Olympics, he is set to take the group´s cement business to new highs!