In 1952, a small bucket manufacturing facility in Liluah set Shri Om Prakash Jindal on the path to his renowned industrial career. People had no idea that this young man, who was raised by a farmer in the Haryana village of Nalwa, would soon be known as “The Man Who Spoke to Machines.” The company has stood the test of time to become the leading player and manufacturer of stainless steel. The responsibilities of running the business were taken by Ratan Jindal, son of Om Prakash Jindal and Savitri Jindal, this business scion has proved his mettle as the Chairman and MD of Jindal Stainless.
Ratan Jindal’s early life and career
Ratan Jindal hails from the illustrious Jindal family. He has eight other siblings including Naveen Jindal and Sajjan Jindal, who hold positions in the family business. Ratan Jindal, a Wharton School of Management alumnus with a degree in commerce, is the chairman of Jindal Stainless, a $2.70 billion (as of March 21) consortium that is a component of the $25 billion OP Jindal Group.
Jindal Stainless, has a 3 MT annual melt capacity and an Rs 35,700 crore ($4.30 billion) annual turnover, as per their official report. It operates two stainless steel manufacturing facilities in India’s states of Haryana and Odisha as well as a branch abroad in Indonesia that supplies es markets in South-East Asia and surrounding areas.
Ratan’s effective leadership abilities have elevated Jindal Stainless to the status of the largest integrated stainless steel production in the nation and among the top 10 producers of stainless steel worldwide. Jindal Stainless Limited has evolved from a manufacturer of stainless steel goods to a provider of cutting-edge stainless solutions. With an annual production capacity of 1.1 million tonnes, Jindal Stainless Limited caters to a global clientele.
Apart from his successful leadership as a business scion, Ratan is a passionate golf player and a cricket and tennis enthusiast.
Jindal family net worth
Savitri Jindal and family have a net worth of $24 billion, as per a Forbes report. After O.P. Jindal’s demise in a helicopter accident in 2005, his four sons received equal ownership of the group’s businesses, which they currently manage on their own.
