JSW Group

JSW Group is an Indian industrial multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and is part of the O.P. Jindal Group.[3] The Group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the United States, South America, and Africa.[4]

JSW Group
TypePrivate
IndustryConglomerate
Founded1982 (1982)
FounderSajjan Jindal
HeadquartersMumbai, Maharashtra, India
Area served
Worldwide
Key people
Products
RevenueIncrease US$22 billion[1]
Number of employees
55,000[2]
ParentO.P. Jindal Group
Subsidiaries
  • JSW Steel
  • JSW Ispat Special Products
  • JSW Energy
  • JSW Cement
  • JSW One Platforms
  • JSoft Solutions
  • JSW Infrastructure
  • Jindal Praxair Oxygen Company Limited (JPOCL)
  • JSW Paints
  • JSW Holdings
  • JSW Ventures
  • JSW Realty
  • JSW Sports
  • Barmer Lignite Mining Co Ltd(BLMCL)
Websitewww.jsw.in

History

The group was established in 1992 after Jindal inherited a re-rolling mill at Tarapur, Maharashtra, in the outskirts of Mumbai.[5]

Group companies
  • JSW Steel – JSW Steel has one of the world's largest single blast furnaces with a capacity of 4.8 MTPA. JSW's overall installed capacity is 23 MTPA.[6][7]
  • JSW Energy – JSW Energy has a power generation capacity of 4559 megawatts (MW),[8] out of which 3158 MW is thermal power, 1391 MW is hydropower and 10 MW solar power.[9]
  • JSW Ispat Special Products Limited, established in 1990 as Monnet Ispat & Energy Limited (MIEL), which does manufacturing and marketing of Sponge Iron, Steel and Ferro Alloys. MIEL is in the elite group of primary steel producers which produces HR plates, rebars and structure profiles.It has two integrated steel plants in Raipur, Chhattisgarh and Raigarh, Chhattisgarh [10]
  • JSW Infrastructure – Based in Mumbai,[11] its primary business interests are in the development of infrastructure for ports, roads, and rail connectivity.[11][12] JSW Dharamtar Port and JSW Jaigad Port both ports are operated by JSW Infrastructure.
  • JSW Cement – JSW Cement has a capacity of 17 MTPA.[13]
  • JSW Paints – On 2 May 2019, JSW Group established JSW Paints with a total investment of ₹600 crore (US$75 million), with ₹250 of equity investment and a ₹350 crore debt investment from Axis Bank.[14][15]
  • JSW Ventures – JSW Ventures is the venture capital arm of JSW Group which invests in early-stage Indian startups.[16]
  • JSW Holdings - JSW Holdings is a Non-Banking Financial Company (NBFC) that forms the investment arm of the JSW Group.The company will continue to focus on strategic investments in new ventures promoted by the JSW Group.
  • JSW Realty – It is the real-estate subsidiary of the group, focusing on sustainable residential and commercial projects.
  • JSW Sports – Through its subsidiary JSW Sports, the group also owns the Indian Premier League cricket team Delhi Capitals (in partnership with GMR Group), the SA20 cricket team Pretoria Capitals, the ILT20 cricket team Dubai Capitals, the Indian Super League football club Bengaluru FC, and the Pro Kabaddi League team Haryana Steelers.[17]

Research and development

Memberships

See also

References
  1. "JSW - About Groups".
  2. "Steel firms engage with vaccine makers for bulk supply of doses for employees". LiveMint. Retrieved 25 January 2021.
  3. "Won't give away control of JSW Steel: Sajjan Jindal: Rediff.com Business". Getahead.rediff.com. 6 July 2006. Retrieved 24 September 2010.
  4. www.ETEnergyworld.com. "JSW Steel: JSW Group is exploring investment opportunities in Macedonia, Energy News, ET EnergyWorld". ETEnergyworld.com. Retrieved 31 January 2023.
  5. Singh, Pritam; Bhandarker, Asha (14 February 2011). In Search of Change Maestros. SAGE Publications. ISBN 978-81-321-0586-2.
  6. "About JSW Steel". www.jsw.in. Retrieved 24 December 2015.
  7. Carney, Michael; Dieleman, Marleen, eds. (2023). De Gruyter Handbook of Business Families. De Gruyter. p. 149. doi:10.1515/9783110727968.
  8. Prasad, Rachita. "JSW Energy pulls the plug on thermal expansion, to focus on green energy". The Economic Times. Retrieved 31 January 2023.
  9. Baruah, Rituraj (7 April 2022). "JSW Energy starts operations at 225 MW Vijayanagar solar project". mint. Retrieved 31 January 2023.
  10. https://www.thehindubusinessline.com/companies/steel-sector-slowdown-could-impact-turnaround-time-for-monnet-sajjan-jindal/article28711058.ece
  11. "JSW in five-fold ramp-up at Jaigarh - Money - DNA". Dnaindia.com. 31 August 2009. Retrieved 24 September 2010.
  12. "JSW Companies | JSW Infrastructure Ltd". Jsw.in. Archived from the original on 27 September 2010. Retrieved 24 September 2010.
  13. "JSW Cement to invest ₹3,200 crore to set up 5 MTPA capacity in central India". The Hindu. 11 October 2022. Retrieved 13 December 2022.
  14. Gaur, Vatsala (2 May 2019). "JSW Paints aims at Rs 2,000 crore revenue over three years". The Economic Times. Retrieved 3 May 2019.
  15. Thomas, Tanya (2 May 2019). "JSW enters paints business with ₹600 crore investment". Mint. Retrieved 3 May 2019.
  16. "JSW Ventures set to mark first close of new VC fund". VCCircle. Retrieved 13 December 2022.
  17. "Sajjan Jindal's Heavy Lifting". www.businesstoday.in. 5 August 2020. Retrieved 25 January 2021.
  18. "Five years after scrapping policy program, IIMA to launch JSW School of Public Policy". The Indian Express. 2 July 2015. Retrieved 26 September 2022.
  19. "IIT Bombay, JSW Group tie up to establish tech hub for steel making". The Hindu. Special Correspondent. 18 August 2022. ISSN 0971-751X. Retrieved 26 September 2022.{{cite news}}: CS1 maint: others (link)
  20. admin (7 February 2022). "JSW Group joins the World Business Council for Sustainable Development" – via Chinese Academy of Sciences. {{cite journal}}: Cite journal requires |journal= (help)
  21. "JSW Group Joins World Business Council For Sustainable Development". Outlook (Indian magazine). 7 February 2022. Retrieved 24 February 2023.
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