Jindal Stainless Limited announced the re-appointment of Abhyuday Jindal as Managing Director of the company, with effect from May 1, 2023.
According to the company’s exchange filing, “we wish to inform you that the Board of Directors (“the Board”) of Jindal Stainless Limited (“the Company”) at its meeting held today i.e. 18th April, 2023 has considered and approved the re-appointment of Mr. Abhyuday Jindal (DIN: 07290474), as Managing Director of the Company for a term of 5 (five) consecutive years w.e.f. 1st May, 2023, upon the recommendation of the Nomination and Remuneration Committee, subject to approval of Members of the Company.”
A Boston University graduate in Economics and Business Management, Abhyuday Jindal has a wide ranging experience in the areas of project management, supply chain systems, and strategic & general management. Currently, he is the Managing Director of Jindal Stainless. He is also the Co-Chair for FICCI’s Steel Committee.
Jindal started his career with the JSW Group. There, he played a prominent role in the stake acquisition of Ispat Industries and the post acquisition integration of JSW and Ispat. He then moved on to the Boston Consulting Group, where he managed project consultancy for diverse industries, including cement, steel, wind turbines, and auto components. Having gained a deep understanding of the industrial manufacturing arena, Jindal entered the USD 2.70 billion (as of March’21) Jindal Stainless consortia.
Driven by the ambition to go beyond the ordinary, Jindal took multiple strides in improving supply chain and operational efficiencies. Today, he is shaping Jindal Stainless into a far more dynamic, responsive, predictive, and solution-based organization. As a leader in the stainless steel landscape of the country, Jindal has explored and unlocked new avenues for providing stainless solutions to stakeholders with the vision to improve lives. Helmed by him, the organization has built uncontested market leadership, and made foray into new fields. It was under his stewardship that the Company bolstered its unique competitive advantage in the manufacturing of special stainless steel grades for nuclear and defence sectors, the statement said.
Strongly rooted in the Indian soil, Jindal’s community-centric transformational approach has led to the development and sustenance of several empowerment initiatives in and around its production facilities. His signature style has endeared him further among employees. He personifies open and participative management, a consistent culture of dialogue and feedback, and a relentless march towards continuous improvement. Jindal also serves as the Vice President of the Infrastructure Industry and Logistics Federation of India, endeavoring to forge stronger and wider public-private partnerships.
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