Board of Directors

Mrs. Savitri Devi Jindal
Chairperson Emeritus

Sajjan Jindal

Chairman & Managing Director, Non-Independent Executive Director

Mr. Jindal holds a bachelor’s degree in mechanical engineering from the Bangalore University. He is also the principal promoter of the Company. Under his leadership, JSW Group over the years has expanded in other core sectors of the economy, such as Steel, Power, infrastructure building and Cement. Mr. Jindal also serves as council member of the Indian Institute of Metals and is also a member of the Executive Committee and Chairman of the Sustainability Committee of World Steel Association, as well as the former President of Institute of Steel Development and Growth. In 2007, he was named the Ernst and Young ‘Entrepreneur of the Year’ in the manufacturing category. In 2009, he was honoured with the Willy Korf Ken Iverson Steel Vision Award by the American Metal Market & World Steel Dynamics.

Seshagiri Rao M.V.S.

Joint Managing Director & Group CFO, Non-Independent Executive Director

Mr. Seshagiri Rao M.V.S. 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 rich experience spanning over three decades in Steel Sector and in the areas of Corporate Finance and Banking. He joined JSW Group in 1997 as Chief Financial Officer and has played active role in growth strategies of JSW Group since then. He has been actively involved in all strategic decision-making within the group and has over the years grown with JSW Steel progressively shouldering higher responsibilities. Prior to joining JSW Steel he has worked with various reputed organisations in various capacities. Mr. Rao is a member of the Institute of Cost and Works Accountants of India and a licentiate member of the Institute of Company Secretaries of India. He is also a Certified Associate of the Indian Institute of Bankers and a diploma holder in Business Finance awarded by the Institute of Chartered Financial Analysts of India.

Dr. Vinod Nowal

Deputy Managing Director, Non-Independent Executive Director

Dr. Vinod Nowal, Deputy Managing Director, JSW Steel Ltd., was appointed as Director (Commercial) in April 2007 and re-designated as Director & Chief Executive Officer in April 2009. He was subsequently re-designated as the Deputy Managing Director of JSW Steel Ltd. in May 2013. He has been associated with the Group since 1984 and has previously served in various positions. He currently serves as the President of Karnataka Iron and Steel Manufacturers’ Association. 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

Director (Commercial & Marketing), Non-Independent Executive Director

Mr. Jayant Acharya, Director (Commercial & Marketing), was appointed as Director (Sales & Marketing) in May 2009 and was re-designated 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.

P. Hemalatha, IAS

Nominee Director, KSIIDC

A Graduate from Madurai Kamaraj University joined Indian Administrative Service (IAS) in the year 2000. She has rich experience of working with the State Government and various Corporate Bodies. She is presently working as the Managing Director of 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. She is also working as Managing Director of Mysore Minerals Limited and Karnataka Mining Environment Restoration Corporation Limited.

Hiroyuki Ogawa

Nominee Director, JFE Steel Corpn, Japan

Mr. Hiroyuki Ogawa holds a Master’s Degree in Engineering from the Department of Mechanical Engineering, Graduate School of Engineering, The University of Tokyo. Mr. Hiroyuki 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, Assistant General Superintendent, West Japan Works- Kurashiki. He joined Kawasaki Steel Corporation in 1985.

Dr. Vijay Kelkar

Independent Non-Executive Director

Dr. Vijay Kelkar was appointed on the Board of Directors in January 2010. He has held several key posts in the Government of India, including as Advisor to the Minister of Finance, Finance Secretary, Secretary of Ministry of Petroleum & Natural Gas, Chairman of 13th Finance Commission, India, and Chairman of India Development Foundation, in the rank of a Union Cabinet Minister. He has also previously served on several Government Task Forces including as Chairman of the Tariff Commission, Chairman of the Implementation of the Fiscal Responsibility and Budget Management Act. Dr. Kelkar holds a B.S. degree from the University of Pune and M.S. Degree from the University of Minnesota (USA). He also holds a Doctorate of Philosophy in Development Economics from the University of California at Berkeley, U.S. He is the recipient of the prestigious ‘Padma Vibhushan’ award in 2011 for his exemplary service to India.

Malay Mukherjee

Independent Non-Executive Director

Mr. Malay 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 the Essar Steel Global, a large integrated steel company in India. Prior to 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. Malay Mukherjee served as the Senior Executive Vice President at Arcelor Mittal and a Member of the Group Management Board. Mr. Mukherjee holds a Master’s degree in mining from the USSR State Commission in Moscow and a Bachelor of Science degree from the Indian Institute of Technology in Kharagpur, India. Mr. Mukherjee is a Member of Academy of Natural Sciences Kazakhstan and Life Member in the 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.

Dr. Mrs. Punita Kumar Sinha

Independent Non-Executive Director

Dr. (Mrs.) Punita Kumar Sinha was appointed on 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. Mrs. Punita Kumar Sinha has a Ph.D. and a Masters in Finance from the Wharton School, University of Pennsylvania. She received her bachelor’s degree in chemical engineering with distinction from the Indian Institute of Technology, New Delhi. She also has an MBA and is also a CFA Charter holder. Mrs. Punita Kumar Sinha is a member of the Boston Security Analysts Society and the Council on Foreign Relations. She is a Charter Member and Board Member of TIE-Boston.

Kannan Vijayaragavan

Independent Non-Executive Director

Kannan Vijayaraghavan, is a Fellow Member of the Institute of Chartered Accountants of India, Certified Management Consultant and Fellow of the Institute of Management Consultants. He is the chairman and founder of Sathguru Management Consultants Pvt. Ltd., Hyderabad, a large consultancy and policy advisory firm founded in the year 1985. He is also Partner of DFK International, a worldwide firm of accountants and business advisors, a Visiting Fellow and Faculty, Executive Education, Cornell University, Ithaca, NY and a Regional Coordinator for Cornell University Research Programs in South Asia and South East Asian Region. He is a member of the International Advisory Committee of AUTM and Honorary President of the Society for Technology Management (STEM), the Indian Association of Technology Management Professionals.

Haigreve Khaitan

Independent Non-Executive Director

Mr. Haigreve Khaitan, LLB 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 specialise 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.

Mr. Seturaman Mahalingam

Independent Non-Executive Director

Mr. Seturaman Mahalingam, a chartered accountant by qualification, began his career as an IT consultant and thereafter played a major role in marketing Tata Consultancy Services (TCS) services across the globe, developing processes and creating large software development centres for the Company. He has held key positions such as Executive Director and Chief Financial Officer of TCS. Mr. Mahalingam retired from TCS in February 2013 after serving the company for over 42 years. 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.