Usha India group chairman Vinay Rai said, "The structure is in line with international standards where the companies have professional management and CEOs at the helm". The group has also appointed a team of experts which will act as a supervisory board each to oversee steel and telecom operations separately.

Vinay and Anil Rai would look at overall development work, mergers and acquisitions and strategic investments for the group.

The supervisory board for steel is headed by SR Jain (former chairman of Steel Authority of India Ltd) while SC Singal, (former chairman of SCICI) is looking after telecom.

The group's parent company, Usha India Ltd will haveVinay Rai as CEO. The managing directors would be assisted by two executive directors in each company, along with general managers. SK Mittal and MC Gupta are managing directors of Usha India Ltd, while Usha Ispat has RK Gupta and KC Agarwal as MDs.

Another subsidiary, Malvika Steel has SK Mittal and MF Mehta as managing directors. Koshika Telecom has three managing directors AK Chowdhary MD (technical operations), Vineet Rai MD (commercial) and Vinay Rai's son Varun Rai MD, (marketing). Varun Rai was inducted on the board of Koshika Telecom around two years back.

Down the line, the group has decided to set up holding companies each for telecom and steel. The holding company for steel will have Usha Ispat and Malvika Steel as its subsidiaries, while Koshika Telecom will be the telecom company's subsidiary. The Rais have also decided to divest a part of their stake in Koshika Telecom. They hold 85 per cent stake in Koshika, the cellular licensee in Uttar Pradesh (west and east), Bihar and Orissa. Theyhave indicated their plans of divesting their stake in the company to the committee set up by the Industrial Development Bank of India (IDBI) to prepare a bail-out package for steel manufacturers. The proceeds from the divestment would be used for funding the Rs 900-crore steel project of Usha Ispat Ltd. The financial institutions have sanctioned Rs 316 crore for Usha Ispat.