Usha Martin Limited stands as a testament to global unity, relentless pursuit of excellence, and consistent upward growth. By harnessing their core strengths, focusing on sustainable practices, expanding internationally, making strategic capital investments, and embracing digital transformation, they have carved a niche in the wire rope industry.
Diverse and Advanced Manufacturing
Their manufacturing footprint spans India, Dubai, Thailand, and the United Kingdom, producing a wide array of steel wire and wire ropes. These efforts are bolstered by cutting-edge R&D centres in Italy and India, where their dedicated team relentlessly works on product and process innovations. Their in-house software and process optimisation techniques ensure that their products meet the highest global standards. With a presence in over 70 countries and international sales contributing to more than half of their revenue, Usha Martin has emerged as a world leader in steel wire ropes.
Commitment to Customer Satisfaction
Customer satisfaction is at the heart of their operations, supported by a robust global network of over 250 distribution centres and channel partners. Their “Globally Local” philosophy underscores their commitment to delivering top-quality products and services worldwide. Rajeev Jhawar, the driving force behind Usha Martin’s success, has been instrumental in propelling the company to global prominence. His strategic vision aims to make Usha Martin a leader in the wire rope industry by leveraging modern technology and ensuring sustainable, inclusive growth for all stakeholders.
Reflecting on the company’s recent achievements, Rajeev Jhawar shared his insights with shareholders: “Dear Shareholders, I am thrilled to present their Annual Report for FY 2022–23. This year marks a significant milestone, placing Usha Martin on the brink of a new growth phase and steering us toward a sustainable future. With a strong foundation, they are now well-positioned to unlock their full potential and deliver greater value to all stakeholders.”
Strategic Initiatives for Sustained Growth
Rajeev Jhawar’s leadership has driven several key initiatives that have been crucial in maximizing the company’s resources and enhancing its global performance. He has focused on strengthening the global teams and organizational structure, which has improved synergies through closer integration of overseas subsidiaries with the India operations. This integration has bolstered Usha Martin’s global performance, creating a more cohesive and efficient operation.
Furthermore, Rajeev Jhawar has emphasized high-value product segments by establishing cross-functional teams dedicated to critical growth sectors such as ports, mining, elevators, oil, and offshore. This focus has allotheyd Usha Martin to increase its profit margins and better serve these high-demand industries. Additionally, expanding the international services business has been a strategic move to add further value to Usha Martin’s products, thereby increasing the company’s market share and enhancing customer satisfaction globally.
Rajeev Jhawar’s leadership has been the cornerstone of Usha Martin’s transformation into a global industry leader. His vision and strategic direction have set a solid foundation for sustainable growth and innovation. By maintaining a steadfast commitment to quality, customer satisfaction, and technological advancement, Usha Martin continues to scale new heights. Under the astute guidance of Rajeev Jhawar, Usha Martin is theyll on its way to achieving unparalleled success and setting new benchmarks in the wire rope industry.
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