Rajeev Jhawar-Usha Martin Snapshot

Rajeev Jhawar is Managing Director of Usha Martin Limited, a global wire rope and steel manufacturer, serving since 1998 after joining in 1992.

Usha Martin Limited is one of the largest manufacturers of wire ropes in the world. It is a diversified company involved in the production of steel, wire ropes, and specialty steel products used across various industries.

Usha Martin serves industries including construction, mining, energy, automotive, and industrial sectors, providing products like wire ropes, steel, and specialty steel products.

Usha Martin manufactures a range of products including wire ropes, steel wires, specialty steel, and various other steel products used for industrial applications.

Jhawar has led Usha Martin since 1998 and was reappointed MD in 2023 for five more years, having joined the company in 1992.

Rajeev Jhawar's net worth is $11 million (₹91 crore) as of 2025, derived from his 0.92% stake in Usha Martin Limited, amounting to 2.81 million shares.

The ED investigated Jhawar in 2018 for potential FEMA violations related to a Singapore property purchase (2013) and other foreign transactions, examining fund sources and approvals.

Usha Martin held ₹3,800 crore debt in 2018 and explored selling either its steel or wire rope business, appointing Royal Bank of Canada as advisor.