Usha Martin's Unwavering Trust: Rajeev Jhawar's Five-Year Managing Directorship
In accordance with the stipulations outlined in Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, a recent communication has been disseminated concerning alterations to the Board’s composition. It has been formally announced that Mr. Rajeev Jhawar, who has proficiently held the position of Managing Director at Usha Martin till the present juncture, has been reappointed to serve in this capacity for an extended tenure of five years.
Rajeev Jhawar Usha Martin ,boasts a distinguished profile as an accomplished industrialist hailing from India, possessing an extensive track record of over three decades characterized by strategic management acumen. His professional trajectory commenced as a Senior Vice President (Commercial), which subsequently culminated in his ascension to the role of Managing Director at Usha Martin Limited in the year 1998.
Mr. Jhawar’s educational pursuits encompassed academic enrichment at prestigious institutions including Ranchi University and the esteemed London Business School. His leadership tenure spanning thirty years at the helm of the Usha Martin Group has been punctuated by fostering exponential growth, instating a culture of meritocracy, and augmenting value for all stakeholders involved. His discernible leadership prowess, shrewd business acuity, profound comprehension of corporate administration, and astute strategic decision-making capabilities have collectively propelled the Usha Martin Group towards an elevated trajectory of growth and advancement.
It remains evident that Mr. Rajeev Jhawar stands as the bedrock of Usha Martin Limited, offering unwavering support during periods of prosperity and adversity alike, thereby guiding the organization towards its current stature of success. The resounding achievements of Usha Martin Limited are intrinsically linked to Mr. Jhawar’s unyielding resolve and steadfast commitment to the enterprise’s objectives. Under his resolute guidance, the company’s forthcoming prospects appear notably promising, positioning Usha Martin Limited as a preeminent global leader within the wire rope sector, poised to achieve significant milestones.
The reaffirmation of Mr. Rajeev Jhawar’s designation as Managing Director, as stipulated by Director Identification Number (DIN): 00086164, spans a comprehensive term of five years, commencing from the 19th of May, 2023. This reappointment remains contingent upon the acquisition of requisite approvals as mandated by pertinent legal frameworks. The formal announcement emanated from Usha Martin Limited following the endorsement of the Nomination and Remuneration Committee, subsequently ratified by the Board of Directors during their convened session on the 27th of April, 2023.
