Edition:
India

JSW Steel Ltd (JSTL.BO)

JSTL.BO on Bombay Stock Exchange

259.05INR
19 Jul 2019
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Summary

Name Age Since Current Position

Sajjan Jindal

59 2011 Executive Chairman of the Board, Managing Director

Savitri Jindal

69 2016 Chairperson Emeritus

Seshagiri Rao

61 2009 Group Chief Financial Officer, Joint Managing Director, Non-Independent Executive Director

Rajeev Pai

56 2015 Chief Financial Officer

Lancy Varghese

Compliance Officer, Company Secretary

Vinod Nowal

63 2013 Deputy Managing Director, Non-Independent Executive Director

Jayant Acharya

56 2010 Director - Commercial & Marketing, Non-Independent Executive Director

N. Jayaram

2017 Nominee Director, KSIIDC

Gunjan Krishna

2018 Nominee Director of Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC)

Hiroyuki Ogawa

Nominee Director, JFE Steel Corpn, Japan

Harsh Mariwala

2018 Additional Independent Director

Nirupama Rao

67 2018 Additional Independent Director

Haigreve Khaitan

48 2015 Non-Executive Independent Director

Seturaman Mahalingam

70 2016 Non-Executive Independent Director

Malay Mukherjee

Non-Executive Independent Director

Punita Sinha

56 2012 Non-Executive Independent Director

Pritesh Vinay

51 Vice President - Capital Markets and Group Investor Relations

Biographies

Name Description

Sajjan Jindal

Mr. Sajjan Jindal is Executive Chairman of the Board, Managing Director of JSW Steel Limited. Mr. Jindal holds a bachelor’s degree in mechanical engineering from Bangalore University. He is also the principal promoter of the Company. His dedication to the cause of a self-reliant India is reflected in the technological innovations that define and set apart each JSW company. Under his leadership, JSW Group has expanded into other core sectors of the economy, such as steel, power, infrastructure-building and cement. Today, the Group runs some of the most energy-efficient and eco-friendly manufacturing facilities in the country. Mr. Jindal serves as council member of Indian Institute of Metals and is a member of the Executive Committee as well as the Chairman of the Sustainability Committee of World Steel Association, and the former President of Institute of Steel Development and Growth. In 2007, he was named Ernst and Young ‘Entrepreneur of the Year’ in the manufacturing category. In 2009, he was honoured with Willy Korf Ken Iverson Steel Vision Award by American Metal Market & World Steel Dynamics.

Savitri Jindal

Smt. Savitri Devi Jindal is Chairperson Emeritus of JSW Steel Limited. She resigned as Non-Executive Non-Independent Chairperson of the Board of the Company effective October 20, 2011. She is on the Board of a number of Companies belonging to the O P Jindal Group. She is also the Patron of the Managing Committee of the Vidya Devi Jindal Public School, Hissar, Haryana. She is Director of Rohit Towers Building Limited Jindal Steel & Power Limited JSL Limited Jindal Industries Limited Jindal Saw Limited Sonabheel Tea Limited Jindal ITF Limited Jindal Water Infrastructure Limited.

Seshagiri Rao

Mr. Seshagiri M. V. S. Rao is Group Chief Financial Officer, Joint Managing Director, Non-Independent Executive Director of JSW Steel Limited. Mr. Rao is the Joint Managing Director & Group CFO of JSW Steel, responsible for overall operations of JSW Steel, including strategy formulations related to business development, expansion of existing businesses, joint ventures, mergers and acquisitions, and cost management. He possesses a rich experience spanning over three decades in the steel sector and in the areas of corporate finance and banking. He joined JSW Group in 1997 as Chief Financial Officer and has played an active role in growth strategies of JSW Group since then. He has been involved in all the strategic decision-making within the Group and has grown with JSW Steel, progressively shouldering higher responsibilities. Prior to joining JSW Steel, he has worked with reputed organisations in various capacities. Mr. Rao is a member of Institute of Cost and Works Accountants of India and a licentiate member of Institute of Company Secretaries of India. He is also a certified associate of Indian Institute of Bankers and a diploma holder in business finance awarded by Institute of Chartered Financial Analysts of India.

Rajeev Pai

Lancy Varghese

Vinod Nowal

Dr. Vinod K. Nowal is Deputy Managing Director, Non-Independent Executive Director of JSW Steel Limited. Dr. Nowal was appointed Director (Commercial) in April 2007 and redesignated as Director & Chief Executive Officer in April 2009. He was subsequently redesignated as Deputy Managing Director of JSW Steel in May 2013. He has been associated with the Group since 1984. He is currently the President of Karnataka Iron and Steel Manufacturers’ Association. He has also served as the President of Bangalore Chamber of Industry and Commerce and Tarapur Industrial Manufacturers Association, along with being the Chairman of Manufacturing Task Force Southern Region at ASSOCHAM, member of Manufacturing Task Force constituted by Government of Karnataka, member of a committee under Chief Minister of Karnataka for Employment in the manufacturing sector, member of Governing Body of M.S. Ramaiah Institute of Technology, Bangalore, advisory member on Board of T. John College, Bangalore, and member of Advisory Committee of Center of Excellence in Steel Technology (COEST) at IIT-Bombay. Dr. Nowal holds a master’s degree in business administration and a doctorate in inventory management. He has also acquired Advanced Management Program (AMP), a comprehensive executive leadership programme from the prestigious Harvard Business School, Boston, USA.

Jayant Acharya

Mr. Jayant Acharya is Director - Commercial & Marketing, Non-Independent Executive Director of JSW Steel Limited, since April 01, 2010. Mr. Acharya was appointed Director (Sales & Marketing) in May 2009 and was redesignated as Director (Commercial & Marketing) in April 2010. He is also the Co-Chair of the Committee on Steel & Non-Ferrous Metals for Federation of Indian Chamber of Commerce and Industry. Mr. Acharya holds a bachelor’s degree in chemical engineering and a master’s degree in physics from Birla Institute of Technology & Science, Pilani. He also holds a master’s in business administration from Indore University. He has over two decades of experience in the steel industry spanning the entire range of flat and long steel products.

N. Jayaram

Mr. N. Jayaram is Nominee Director, KSIIDC of the Company. A postgraduate from Bangalore University, Mr. Jayaram joined the Indian Administrative Service (IAS) in 2004. He has rich experience of working with the state government and various corporate bodies. He is presently the Managing Director of Karnataka State Industrial & Infrastructure Development Corporation Limited (KSIIDC) and is responsible for spearheading the implementation of infrastructure projects, including those on public-private partnership basis. He is also the Chief Executive Officer and executive member of Karnataka Industrial Areas Development Board (KIADB), which is developing and maintaining industrial areas, estates and industrial nodes along with corridors throughout the state.

Gunjan Krishna

Mrs. Gunjan Krishna is Nominee Director of Karnataka State Industrial and Infrastructure Development Corporation Limited (KSIIDC). Mrs. Gunjan Krishna is a graduate in Economics (Hons) from Lady Shri Ram College and Law from Campus Law Centre, Delhi University. She joined Indian Administrative Service (IAS) in the year 2004. She has rich experience of working with the State Governments and Government of India. She is presently working as the Managing Director, Karnataka State Industrial & Infrastructure Development Corporation Limited [KSIIDC]. She is responsible for spearheading implementation of infrastructure projects including projects on Public Private Partnership [PPP] basis.

Hiroyuki Ogawa

Mr. Hiroyuki Ogawa is Nominee Director, JFE Steel Corpn, Japan of the Company. Mr. Ogawa holds a master’s degree in engineering from the Department of Mechanical Engineering, Graduate School of Engineering, The University of Tokyo. Mr. Ogama is Senior Vice President, Corporate Planning Department, Vietnam FHS Project Team, Mexico CGL Project Team, Technical Cooperation Dept. Prior to that he was Vice President, General Superintendent, West Japan Works, Fukuyama and Assistant General Superintendent, West Japan Works-Kurashiki. He joined Kawasaki Steel Corporation in 1985.

Harsh Mariwala

Mr. Harsh Charandas Mariwala is Additional Independent Director of the Company. Mr. Harsh Charandas Mariwala, leads Marico Limited as its Chairman. He is also the Chairman & Managing Director of Kaya Limited. Over the past three decades, Mr. Mariwala has transformed a traditional commodities driven business into a leading consumer products and services company in the Beauty and Wellness space. Under his leadership, Marico has achieved several awards and over 100 external recognitions in the last few years. Mr. Mariwala's entrepreneurial drive and passion for innovation, enthused him to establish the Marico Innovation Foundation in 2003. The Foundation acts as a catalyst to fuel innovation in India. Mr Mariwala started ASCENT in 2012, a not-for-profit expression of his passion to create a unique trust based peer-to- peer platform for high potential growth-stage entrepreneurs that leverages the "power of the collective" and enables them to share and exchange experiences, ideas, insights and create a healthy ecosystem to learn from each other and grow their enterprise." He has also founded the Mariwala Health Initiative (MHI) in 2015, with the philanthropic aim of giving back to society. Mariwala Health Initiative (MHI) is the leading funding body in the field of mental health in India.

Nirupama Rao

Mrs. Nirupama Rao is Additional Independent Director of the Company. Mrs. Nirupama Rao, is a retired Indian Diplomat, Foreign Secretary and Ambassador. She was educated in India and joined the Indian Foreign Service in 1973. During her four-decadelong diplomatic career, she held several important assignments. Mrs. Nirupama Rao was India's first woman spokesperson in the Ministry of External Affairs, New Delhi, the first woman high commissioner to Sri Lanka and the first Indian Woman ambassador to the People's Republic of China. She served as India's Foreign Secretary from 2009-2011. At the end of that term, she was appointed India's Ambassador to the United States where she served for a term of two years from 2011-2013.

Haigreve Khaitan

Mr. Haigreve Khaitan is Non-Executive Independent Director of the Company. He is a Partner at Khaitan & Co since 1995 and heads the Firm's M&A and Private Equity practice. Haigreve started his career in Litigation and then moved on to specialize in Corporate Law. Mr. Haigreve Khaitan has rich experience in all aspects of Mergers & Acquisitions- due diligence, structuring, documentation involving listed companies, cross border transactions, medium and small businesses etc., in restructuring – such as advice and documentation involving creditors restructuring, sick companies, de-mergers spin-offs, sale of assets etc and Foreign Investment, Joint Ventures and Foreign Collaborations. He advises a range of large Indian Conglomerates and multinational clients in various business sectors including infrastructure, power, telecom, automobiles, steel, software and information technology, retail etc.

Seturaman Mahalingam

Shri. Seturaman Mahalingam is Non-Executive Independent Director of the Company. Prior to becoming the Chief Financial Officer in February 2003, Mr.Mahalingam has managed many of the key functions in TCS including Marketing, Operations, Education and Training as well as Human Resources. He managed the company’s operations in London and New York in the early days of TCS’ global journey. Mr.Mahalingam has also been the President of Computer Society of India, The former Chairman of the Southern Region of Confederation of Indian Industry (CII), He was also the President of the Institute of Management Consultants of India. Mr. Mahalingam is the Chairman of CII National Council Task Force on Sector Skills Councils & Employment and was a member of the Tax Administration Reform Commission (TARC) set up by the Government of India under the chairmanship of Dr. Parthasarathi Shome. Mr. Mahalingam was chosen as the best ‘CFO” in various years by Business Today, International Market Assessment (IMA), CNBC TV18, CFO Innovation, Finance Asia and Institutional Investors. In 2012, Treasury & Risk, a US based magazine named him as one of the 16 globally most influential CFOs.

Malay Mukherjee

Mr. Malay Mukherjee is Non-Executive Independent Director of the Company. Mr. Mukherjee has over 40 years of experience in a range of technical, commercial and managerial roles in the mining and steel industry. Between October 2009 to 2011, Mr. Mukherjee served as the CEO of Essar Steel Global, a large integrated steel company in India. Before joining Essar Steel, Mr. Mukherjee was a member of the Board of Directors at Arcelor Mittal between 2008 and 2009. Between 2006 and 2008, Mr. Mukherjee served as the Senior Executive Vice President at Arcelor Mittal and a member of the Group Management Board. He was in charge of mines and operations in Africa, Asia, southern Europe (Bosnia, Macedonia), CIS, Ukraine and Kazakhstan and also responsible for stainless steel, pipes and tubes and technology. He also served as the COO of Mittal Steel Company between 2004 and 2006. He served as Executive Director of Works at Bhilai steel plant of Steel Authority of India Limited between 1991 and 1992. Mr. Mukherjee is a recipient of MECON Award from Indian Institute of Metals. Mr. Mukherjee holds a master's degree in mining from the USSR State Commission in Moscow and a BSc degree from Indian Institute of Technology in Kharagpur. Mr. Mukherjee is a member of Academy of Natural Sciences Kazakhstan and life member of Indian Institute of Metals. He was awarded a letter of appreciation from the President of Kazakhstan for work rendered in Kazakhstan from 1995 to 1999.

Punita Sinha

Dr. Punita Kumar Sinha is Non-Executive Independent Director of JSW Steel Limited. Dr. (Mrs.) Sinha was appointed to the Board of Directors in October 2012. She is the founder and Managing Partner, Pacific Paradigm Advisors, an independent investment advisory and management firm. Prior to founding Pacific Paradigm Advisors in 2012, she was Senior Managing Director of Blackstone Group, leading Blackstone Asia Advisors as the business unit head and Chief Investment Officer. Dr. (Mrs.) Sinha was also the Senior Portfolio Manager for The India Fund (NYSE: IFN), the largest Indian fund in the US for almost 15 years and The Asia Tigers Fund (NYSE: GRR), and The Asia Opportunities Fund L.P. Dr. (Mrs.) Sinha has more than 20 years of experience in fund management in international and emerging markets. She has a PhD and a master's in finance from Wharton School, University of Pennsylvania. She received her undergraduate degree in chemical engineering with distinction from Indian Institute of Technology, New Delhi. She also has an MBA and is a CFA Charter holder. Dr. (Mrs.) Sinha is a member of Boston Security Analysts Society and the Council on Foreign Relations. She is a Charter Member and Board Member of TIE-Boston.

Pritesh Vinay

Basic Compensation

Name Fiscal Year Total

Sajjan Jindal

487,400,000

Savitri Jindal

800,000

Seshagiri Rao

209,500,000

Rajeev Pai

24,800,000

Lancy Varghese

6,800,000

Vinod Nowal

121,400,000

Jayant Acharya

107,500,000

N. Jayaram

--

Gunjan Krishna

--

Hiroyuki Ogawa

4,520,000

Harsh Mariwala

--

Nirupama Rao

--

Haigreve Khaitan

3,980,000

Seturaman Mahalingam

4,650,000

Malay Mukherjee

4,850,000

Punita Sinha

4,680,000

Pritesh Vinay

--
As Of  31 Mar 2018