BOARD OF DIRECTORS

Leadership that sets our vision

At JSW Steel, we have laid a strong foundation for making good corporate governance a way of life by constituting a Board that combines experience, expertise and integrity. We have further formed a core group of top-level executives, and put in place systems, processes and technologies to assist them in executing their responsibilities. Together with the management, our Board upholds our credos and functions as the custodian of good governance within the organisation. In FY 2019-20, there were no changes in the Board.

Mrs. Savitri Devi Jindal

Chairperson Emeritus

A member of the Legislative Assembly and a true visionary, renowned industrialist and the matriarch of the O.P. Jindal Group

Appointment date: 21st October 2011

Mr. Sajjan Jindal

Chairman and Managing Director,
Non-Independent Executive Director

Key competency: Council member of the Indian Institute of Metals, member of the Executive Committee and Chairman of the Sustainability Committee of World Steel Association, as well as the former President of the Institute of Steel Development and Growth

Key qualifications: Bachelor's degree in Mechanical Engineering from Bangalore University

On the Board since: 15 March 1994

Mr. Seshagiri Rao M.V.S.

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

Key competency: Strategy formulations related to business development, expansion of existing businesses, joint ventures, Mergers and Acquisitions (M&A) and cost management

Key qualifications: Bachelor’s degree in Commerce and a diploma in Business Finance awarded by the Institute of Chartered Financial Analysts of India (ICFAI)

On the Board since: 06 April 1999

Dr. Vinod Nowal

Deputy Managing Director,
Non-Independent Executive Director

Key competency: Associated with the Group for over three decades, he has held various positions and led strategic growth projects; he spearheaded JSW Steel’s expansion from 4 MTPA to 12 MTPA in a record time

Key qualifications: Master’s degree in Business Administration and a Doctorate in Inventory Management. Completed the Advanced Management Program (AMP), a comprehensive executive leadership programme, from the Harvard Business School

On the Board since: 30 April 2007

Mr. Jayant Acharya

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

Key competency: With industry experience spanning over three decades, he has led several key transformations in the areas of organised steel retailing, development of critical and advanced grade of steels for automotive, long-term supply contracting etc.

Key qualifications: Bachelor's degree in Chemical Engineering and a Master's degree in Physics from the Birla Institute of Technology & Science, Pilani. He also holds a Master’s degree in Business Administration from Indore University

On the Board since: 07 May 2009

Mr. Hiroyuki Ogawa

Nominee Director,
JFE Steel Corp., Japan

Key competency: With over 30 years of experience in the steel industry across various countries, he brings unmatched international expertise

Key qualifications: Master's degree in Engineering from the Department of Mechanical Engineering, Graduate School of Engineering, University of Tokyo

On the Board since: 17 May 2017

Mr. Haigreve Khaitan

Independent Non-Executive Director

Key competency: Rich experience in all aspects of M&As, creditor restructuring, foreign investment, joint ventures and foreign collaborations

Key qualifications: Bachelor’s degree in law (LLB) (Honours) from South Calcutta Law College, Kolkata

On the Board since: 30 September 2015

Mr. Seturaman Mahalingam

Independent Non-Executive Director

Key competency: Awarded the Best CFO on multiple occasions, he has experience in building and managing the global operations of TCS in its early days

Key qualifications: Chartered Accountant

On the Board since: 27 July 2016

Dr. (Mrs.) Punita Kumar Sinha

Independent Non-Executive Director

Key competency: More than 20 years of experience in fund management in international and emerging markets

Key qualifications: Bachelor’s degree in Chemical Engineering from the Indian Institute of Technology New Delhi and master’s degree in Finance and a Doctorate of Philosophy in Finance from the Wharton School, University of Pennsylvania. Also holds a Master of Business Administration degree and is a Chartered Financial Analyst

On the Board since: 28 October 2012

Mr. Malay Mukherjee

Independent Non-Executive Director

Key competency: Over 40 years of experience in a range of technical, commercial and managerial roles in the mining and steel industry, risk management

Key qualifications: Master's degree in mining from the USSR State Commission in Moscow and a Bachelor of Science degree from the Indian Institute of Technology Kharagpur

On the Board since: 29 July 2015

Mr. Harsh Charandas Mariwala

Independent Non-Executive Director

Key competency: Over the past three decades, he has transformed a traditional commodities-driven business into a leading consumer products and services company

Key qualifications: Bachelor’s degree in Commerce, Sydenham College Of Commerce and Economics, University of Mumbai

On the Board since: 25 July 2018

Mr. Gangaram Baderiya

Nominee Director, KSIIDC

Key competency: He has rich experience of working with the Government of Karnataka and various corporate bodies. He is responsible for spearheading the implementation of infrastructure projects, including projects on Public Private Partnership (PPP) basis

Key qualifications: Bachelor's degree in Civil Engineering, Madhay Institute of Technology and Science, Jiwaji University, Gwalior and Master's in Technology from the Indian Institute of Technology Delhi; joined the Indian Administrative Service in 1989

On the Board since: 24 May 2019

Mrs. Nirupama Rao

Independent Non-Executive Director

Key competency: India’s first woman spokesperson in the Ministry of External Affairs and has a four-decade long diplomatic career; she was educated in India and joined the Indian Foreign Service in 1973

Key qualifications: Master of Arts in English Literature from Marathwada University and Doctor of Letters (Honoris Causa) from Pondicherry University

On the Board since: 25 July 2018


Board Committees

Audit

Business Reponsibility & Sustainability

Project Review

Nomination and Renumeration

Risk Management

Stakeholders Relationship

Chairperson

Member

Board summary

6

INDEPENDENT DIRECTORS ON THE BOARD

50 months

AVERAGE TENURE OF INDEPENDENT DIRECTORS

6/6

COMMITTEES HEADED BY INDEPENDENT DIRECTORS

2

WOMEN DIRECTORS

97%

AVERAGE ATTENDANCE IN BOARD MEETINGS

Election and re-election

MEMBERS APPLYING FOR ELECTION IN THE 26TH AGM (DIRECTORS RETIRE BY ROTATION)

Mr. Jayant Acharya

MEMBERS APPLYING FOR RE-ELECTION IN THE 26TH AGM (DIRECTORS RETIRE BY ROTATION)

Dr. Vinod Nowal

Board competency summary

KEY COMPETENCY AREAS NUMBER OF BOARD MEMBERS
Metals and mining 6
Accounting and finance 8
Engineering 6
Marketing and brand building 7
Sustainability and risk management 7
Technology 8
Legal 7