Parth Jindal (born 19 May 1990) is an Indian businessman and scion of
JSW Group
JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and part of the O.P. Jindal Group. The Group's diverse businesses include steel, energy, infrastructure, cement and paints, across India, the Unite ...
.
Early life and education
Jindal is the youngest of three children of
Sajjan Jindal
Sajjan Jindal (born 5 December 1959) is an Indian billionaire industrialist. He is the chairman and managing director of JSW Group of companies; diversified in steel, mining, energy, sports, infrastructure and, software business.
For 2021-202 ...
and
Sangita Jindal
Sangita Jindal is an Indian businesswoman and the chairperson of the JSW Foundation, which drives social development projects within the JSW Group. She also leads Jindal Arts Centre and she is the President of Art India magazine, a leading art ...
. Jindal earned his MBA from
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
in 2016 and his BA in Economics and Political Science from
Brown University
Brown University is a private research university in Providence, Rhode Island. Brown is the seventh-oldest institution of higher education in the United States, founded in 1764 as the College in the English Colony of Rhode Island and Providenc ...
in 2012.
He is also an alumnus of
Cathedral and John Connon School
The Cathedral & John Connon School is a co-educational private school founded in 1860 and located in Fort, Mumbai, Maharashtra.[Sevenoaks School
Sevenoaks School is a highly selective coeducational independent school in Sevenoaks, Kent, England. It is the second oldest non-denominational school in the United Kingdom, dating back to 1432, only behind Oswestry (1407). Over 1,000 day pupils ...](_blank)
in England.
Career
He joined the JSW Group as an economic analyst in 2012 and also did a secondment with JFE Steel Japan for six months.
Prior to that, he worked with Falcon Edge Capital, a hedge fund in
New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
.
At JSW Group, he was given the role of
economic analyst
An economist is a professional and practitioner in the social science discipline of economics.
The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. Within this field there are ...
and was tasked with taking charge of all strategic projects. As a result, he was instrumental in developing a new retail strategy for
JSW Steel
JSW Steel Limited is an Indian multinational steel producer based in Mumbai and is a flagship company of the JSW Group. After the merger of ISPAT Steel and Jindal Vijayanagar Steel Limited, JSW Steel became India's second largest private secto ...
and turning around several of the group's loss-making subsidiaries, including
JSW Cement
JSW Cement is part of the diversified US$22 billion JSW Group. As one of India’s leading business houses, JSW Group also has other business interests in sectors such as steel, energy, infrastructure, paints, sports and venture capital. JSW Cem ...
and JSW Steel USA.
Jindal led a group that built a 2.3 million-ton auto-grade steel plant in Vijaynagar, Bellary before he went to Harvard University in 2014 to get his MBA. At that time, the plant was dubbed the first Indian steel establishment to manufacture auto steel because, until that time, all major Indian car makers were importing high-quality steel for car panels from
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
,
Japan
Japan ( ja, 日本, or , and formally , ''Nihonkoku'') is an island country in East Asia. It is situated in the northwest Pacific Ocean, and is bordered on the west by the Sea of Japan, while extending from the Sea of Okhotsk in the north ...
, or
Germany
Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
.
JSW Cement
Parth Jindal was appointed managing director of JSW Cement in June 2014
and is aiming to expand from 14 MPTA to a 20 Million MPTA target by December 2021.
JSW Cement currently makes two variants of Green Cement products – JSW Cement Portland Slag Cement and Concreel HD.
Under Parth's leadership the company has invested US$150 Million in
Fujairah
Fujairah City ( ar, الفجيرة) is the capital of the emirate of Fujairah in the United Arab Emirates. It is the seventh-largest city in UAE, located on the Gulf of Oman (part of the Indian Ocean). It is the only Emirati capital city on the ...
, to set-up a one million tonne per annum
clinker unit to achieve its 2020 targets. Through this investment Parth hopes to contribute to the overall economic development of Fujairah as well as create new direct and
indirect job opportunities.
In February 2022, Jindal was appointed as a chair at Global Cement & Concrete Association (GCCA) India.
JSW Energy
On 23 December 2022, JSW Energy got approval from the firm's shareholders to appoint Parth Jindal to a director position on the board of the company.
JSW USA
Jindal is the Director of JSW USA. Under his guidance, JSW Steel has made a US$1 Billion Commitment to be split evenly between US Operations in Texas and in Ohio. An investment that was welcomed by US President Donald Trump. On investments in JSW USA, Parth shared that access to natural gas at extremely economical prices and the abundant availability of scrap steel in Texas made conditions very conducive for manufacturing through the Electric Art Furnace Route. The investments also guaranteed over 1000 jobs in the industry.
According to Jindal, the organisation has totally severed ties with Chinese suppliers, with the exception of two products that are sold exclusively by
China
China, officially the People's Republic of China (PRC), is a country in East Asia. It is the world's most populous country, with a population exceeding 1.4 billion, slightly ahead of India. China spans the equivalent of five time zones and ...
. He stated that suppliers to Group who get more than twenty percent of their sourcing from China are also prohibited from doing business with the company unless and until they can demonstrate that investments have been made to lower the amount of goods they buy from China.
JSW Paints
Jindal is managing director of JSW Paints. The JSW Group formally announced the launch of JSW Paints on 2 May 2019. The company is aiming to achieve Rs. 20 billion revenue mark by 2022.
The company has built two facilities – a 25,000 kilo litres coil coating facility at Vasind in Maharashtra for industrial demand and another 10,000 kilo litre water-based decorative paints facility in Vijayanagar in Karnataka.
The Vijayanagar plant was inaugurated on 27 January 2020.
The company offers a complete range of environment friendly water-based paints for interior and exterior walls, wood and metal.
Jindal defended a proposed investment of ₹750 crore by group firm JSW Steel, arguing that the proposed investment was a transaction between two independent parties and that it was concluded after considerable consideration.
JSW Sports
Parth is the Director of JSW Sports, which currently runs the ISL Football Club
Bengaluru FC
Bengaluru Football Club () is an Indian professional football club based in Bangalore, Karnataka. The club competes in the Indian Super League, the top flight of Indian football. The club was established on 20 July 2013, and began its first ...
, Delhi based IPL Team
Delhi Capitals
Delhi Capitals (formerly Delhi Daredevils) are a franchise cricket team based out of Delhi in the Indian Premier League (IPL). The franchise is jointly owned by the GMR Group and the JSW Group. The team's home ground is Arun Jaitley Stadium, ...
and the Inspire Institute of Sport.
In 2018, JSW Sport acquired 50% stake of the
Delhi Capitals
Delhi Capitals (formerly Delhi Daredevils) are a franchise cricket team based out of Delhi in the Indian Premier League (IPL). The franchise is jointly owned by the GMR Group and the JSW Group. The team's home ground is Arun Jaitley Stadium, ...
from
GMR Group
GMR Group is an Indian multinational conglomerate headquartered in New Delhi. The group was founded in 1978 by Grandhi Mallikarjuna Rao (G M Rao) and comprises several companies including GMR Infrastructure, GMR Energy, GMR Airports, GMR En ...
and Jindal was appointed Chairman of the
IPL
The Indian Premier League (IPL), also known as TATA IPL for sponsorship reasons, is a men's T20 franchise cricket league of India. It is annually contested by ten teams based out of seven Indian cities and three Indian states. The leagu ...
team.
JSW Sports also runs the Sports Excellence Program that provides training to elite Indian Olympic Athletes and also manages their commercial interests.
In 2018, JSW Sports won the FICCI India Sports Awards in the category of Best Company promoting sports and was also awarded the
Rashtriya Khel Protsahan Puruskar
The Rashtriya Khel Protsahan Puruskar is a sports honour of the Republic of India. The name of the award in Hindi translates to National Sports Promotion Award. It is awarded annually by the Ministry of Youth Affairs and Sports. The award reco ...
by the Government of India.
In December 2021, Jindal raised his concern that the
Indian Premier League
The Indian Premier League (IPL), also known as TATA IPL for sponsorship reasons, is a men's T20 franchise cricket league of India. It is annually contested by ten teams based out of seven Indian cities and three Indian states. The leagu ...
authorities reconsider the franchise's auction process, which he believes does not adequately compensate the franchise for its efforts in developing young players, assembling a squad, and losing them after three years.
In January 2023, Jindal's Delhi Capital of the IPL acquired the Delhi franchise of the
Women's Premier League.
Recently, Jindal remarked on how the JSW, as opposed to other consumer product companies, could not purchase commercials on television; instead, the group decided to create its brand by investing in sports.
Inspire Institute of Sport
Parth Jindal is the founder of the
Inspire Institute of Sport (IIS) in
Vijayanagara district
Vijayanagara district is a district in the Indian state of Karnataka, located in the Kalyana Karnataka region. This district was carved out of Bellary district officially on 2 October 2021 to become the 31st district of the state with Hosape ...
that was formally launched on 15 August 2018. Spread across 42 acres, the Institute aims to provide a world class training centre which can provide Indian athletes access to the most advanced infrastructure, coaching and sports science within the country. It is an initiative led by the JSW Group.
IIS has been recognised by the Sports Authority of India as a
Khelo India
Khelo India: National Programme for Development of Sports, branded as Khelo India (), aims at improving India's sports culture at the grass-root level through organized talent identification, structured sporting competitions and infrastructure d ...
accredited development centre for Boxing and Wrestling. The initiative is also supported by CSR funding from a number of Indian and International corporates.
JSW Venture Fund
Jindal also oversees the Management of JSW Venture Fund.
Other ventures
Jindal's wife Anushree Jindal oversees a micro-finance venture, Svamaan Financial Services, that is 100% owned by the couple.
Philanthropy
Project Yashoda
Jindal was in charge of supervising the creation of an
Android-based mobile application that can track the developmental indicators of children under six. The local women, given the moniker "Yashodas" after a figure from Hindu mythology, were instructed to take photographs of the mother and child using their mobile phones, scan the mother and child's irises, and enter the necessary information into the application. This app enables real-time, GPS-enabled tracking of children's nutrition and growth markers, making it possible for medical professionals and government officials to take appropriate follow-up action when required. Consequently, the prevalence of malnutrition in the three talukas of
Palghar
Palghar () is a town in the Konkan division of Maharashtra state, India and a municipal council. It is in the Mumbai Metropolitan Region, and since 2014 it has been the administrative capital of the Palghar district. Palghar lies on the West ...
in which the JSW Foundation is active has significantly decreased. In 2014, then-Chief Minister
Devendra Fadnavis
Devendra Gangadharrao Fadnavis (Marathi pronunciation: ेवेंद्र फडणवीस born 22 July 1970) is an Indian politician serving as the 9th and current Deputy Chief Minister of Maharashtra since 30 June 2022. He served as ...
of
Maharashtra
Maharashtra (; , abbr. MH or Maha) is a states and union territories of India, state in the western India, western peninsular region of India occupying a substantial portion of the Deccan Plateau. Maharashtra is the List of states and union te ...
gave the order for the technology to be implemented throughout the state.
Personal life
Parth is married to Anushree Jindal (née Jasani). They have a daughter born in April 2019.
Awards and recognition
* GQ's 50 most influential Indians in 2018.
* Jashn E Youngistan 2018.
* 2019
Economic Times Awards
The Economic Times Awards for Corporate Excellence (also referred as ET Awards) are the awards conferred by ''The Economic Times'' in the field of business, corporate and government policies, economies in India. It is an annual awards, conferred ...
40 under Forty.
* 2019
Rashtriya Khel Protsahan Puruskar
The Rashtriya Khel Protsahan Puruskar is a sports honour of the Republic of India. The name of the award in Hindi translates to National Sports Promotion Award. It is awarded annually by the Ministry of Youth Affairs and Sports. The award reco ...
.
References
External links
JSW Group – Official Website
{{DEFAULTSORT:Jindal, Parth
1990 births
Living people
Brown University alumni
Businesspeople from Bangalore
Indian chief executives
Indian venture capitalists
Harvard Business School alumni
People educated at Sevenoaks School
JSW Group
Jindal family