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Parth Jindal

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Parth Jindal
MD of JSW Cement, JSW Paints & CEO of Bengaluru FC
Born (1990-05-19) 19 May 1990 (age 36)[1]
Alma materBrown University
Harvard Business School
SpouseAnushree Jasani
Parents
Websitewww.jsw.in

Parth Jindal (born 19 May 1990) is an Indian businessman and scion of JSW Group.[2][3]

Early life and education

[edit]

Jindal is the youngest of three children of Sajjan Jindal and Sangita Jindal.[4] An alumnus of Cathedral and John Connon School from Mumbai[5] and Sevenoaks School in England,[6] he earned a BA in economics and political science from Brown University in 2012, and an MBA from Harvard Business School in 2016.[7][8]

Career

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Jindal joined the JSW Group as an economic analyst in 2012 and also did a secondment with JFE Steel Japan for six months.[7] Prior to that, he worked with Falcon Edge Capital, a hedge fund in New York City.[9][10] At JSW Group, he initially worked as economic analyst, overseeing strategic projects such as JSW Cement and JSW Steel USA.[11]

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. At that time, the plant was dubbed the first Indian steel establishment to manufacture auto steel because, until then, all major Indian car makers were importing high-quality steel for car panels from South Korea, Japan, or Germany.[9]

JSW Cement

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Jindal was appointed managing director of JSW Cement in June 2014.[12][13] Upon taking charge of cement business, he changed business strategies, restructured the organisation, and appointed new executives.[14] By December 2021, the company was aiming to expand from 14 MPTA to 20 MPTA.[12]

In February 2022, Jindal was appointed as a chair at Global Cement & Concrete Association (GCCA) India.[15] In 2024, he was re-elected as chair.[16] In July 2023, Jindal appointed as a vice-president of Cement Manufacturer's Association.[17][18]

JSW Energy

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On 23 December 2022, JSW Energy got approval from the firm's shareholders to appoint Jindal to a director position on the board of the company.[19]

JSW USA

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Jindal is the director of JSW USA.[20][21][22]

JSW Paints

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While at Harvard, professor Das Narayandas collaborated with Jindal and three others to brainstorm ideas on paints.[14] The JSW Group announced the launch of JSW Paints on 2 May 2019 with Jindal as its managing director.[23][24][25]

JSW Sports

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Jindal is the founder of JSW Sports, which runs the ISL Football Club Bengaluru FC,[26] Delhi based IPL Team Delhi Capitals, Pro Kabaddi team Haryana Steelers,[27] Hockey India League team Soorma Hockey Club and the Inspire Institute of Sport.[28][29] Jindal is also the founder of the Inspire Institute of Sport (IIS) in Vijayanagara district that was formally launched on 15 August 2018.[30] Spread across 42 acres, the Institute comprises a training centre that provides Indian athletes access to coaching and sports science.[31]

JSW Venture Fund

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Jindal is the director at the JSW Venture Fund and oversees the management of it.[32]

MG Motor India

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In November 2023, Jindal signed a share purchase and share subscription agreement with the president of SAIC Motor, Wang Xiaoqiu at MG Motor’s UK headquarters in London.[33] Currently, he serves as a director of JSW MG Motor India.[34]

JSW Defence and Aerospace

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In 2024, Parth Jindal was appointed to lead JSW Defence and Aerospace, the JSW Group's new defence manufacturing vertical. He led the acquisition of Gecko Motors, by securing a ₹250 crore (US$26 million) crore contract for all-terrain vehicles supplied to the Indian Army[35], and announced a $90 million partnership with Shield AI to manufacture V-BAT drones in India.[36]

Other ventures

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Jindal's wife Anushree Jindal oversees a micro-finance venture, Svamaan Financial Services, that is 100% owned by the couple.[37]

Philanthropy

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Project Yashoda

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Jindal supervised the creation of an Android-based mobile application that tracks the developmental indicators of children under six. Consequently, the prevalence of malnutrition in the three talukas of Palghar, in which the JSW Foundation is active, has reportedly decreased. In 2014, then-Chief Minister Devendra Fadnavis of Maharashtra gave the order for the technology to be implemented throughout the state.[38]

Personal life

[edit]

Parth is married to Anushree Jindal (née Jasani).[39] They have a daughter born in April 2019.[40]

References

[edit]
  1. ↑ John, Satish; Gaur, Vatsala (8 August 2018). "A 28-year-old scion is earning the spurs at $13 billion JSW Group". The Economic Times. Retrieved 9 May 2019.
  2. ↑ "Excl: JSW Group scion Parth Jindal on turnaround of US biz". Moneycontrol. 3 October 2016. Retrieved 24 September 2022.
  3. ↑ "Top Family Businesses Are Now Led by the New Generation. Can They Build on Their Forefathers' Legacy?". Business Today. 6 September 2022. Retrieved 24 September 2022.
  4. ↑ "Jindal family". Forbes. Retrieved 10 May 2019.
  5. ↑ Janardhan, Arun (7 August 2013). "Bengaluru FC: Men of steel". Mint. Retrieved 11 May 2019.
  6. ↑ "JSW Steel seeks approval from shareholders to hike scion's pay". Mint. PTI. 9 July 2013. Retrieved 13 May 2019.
  7. 1 2 John, Satish; Gaur, Vatsala (8 August 2018). "A 28-year-old scion is earning the spurs at $13 billion JSW Group". The Economic Times. Retrieved 10 May 2019.
  8. ↑ Carney, Michael; Dieleman, Marleen (30 January 2023). De Gruyter Handbook of Business Families. Walter de Gruyter GmbH & Co KG. ISBN 978-3-11-072796-8.
  9. 1 2 Kumar, Nandini (9 July 2014). "Making a beeline for the big chair". Bangalore Mirror. Retrieved 31 December 2022.
  10. ↑ Swaroop, Ananya (22 March 2024). "A look at the net worth of Delhi Capitals owner Parth Jindal". Lifestyle Asia India. Retrieved 24 March 2024.
  11. ↑ Arun, MG (27 December 2021). "Parth Jindal: Steely resolve". India Today. Retrieved 31 December 2022.
  12. 1 2 Iyengar, Suresh P. (14 June 2016). "Parth Jindal appointed MD of JSW Cement, will take over in July". Business Line. Retrieved 10 May 2019.
  13. ↑ Pandey, Piyush (4 April 2019). "JSW Group's gen-next looks at diversification". The Hindu. ISSN 0971-751X. Retrieved 28 October 2023.
  14. 1 2 Singh, Rajiv. "Parth Jindal And The Making Of An Institution Of The Future". Forbes India. Retrieved 24 March 2024.
  15. ↑ "Parth Jindal of JSW Cement to be the next chair of GCCA India". Construction Week India. 16 February 2022. Retrieved 31 December 2022.
  16. ↑ "GCCA India re-elects Parth Jindal as chair & Deepak Khetrapal as co-chair for 2024-2026". The Economic Times. 26 May 2024. Retrieved 24 August 2024.
  17. ↑ "Neeraj Akhoury elected as President of Cement Manufacturers' Association; Parth Jindal appointed as Vice President". The Economic Times. PTI. 17 July 2023. ISSN 0013-0389. Retrieved 19 July 2023.
  18. ↑ "CMA elects Akhoury, Jindal to lead industry initiative". Businessline. 17 July 2023. Retrieved 19 July 2023.
  19. ↑ "JSW Energy seeks shareholders' nod to appoint Parth Jindal as director". The Economic Times. Retrieved 31 January 2023.
  20. ↑ "Can an Indian conglomerate bring back American steel?". newsinteractive.post-gazette.com. Retrieved 10 May 2019.
  21. ↑ "Donald Trump welcomes JSW Steel's $1-billion investment plans in US". The Economic Times. 24 June 2018. Retrieved 10 May 2019.
  22. ↑ "India's JSW Steel to invest $500 million in U.S. operations". Reuters. 26 March 2018. Retrieved 10 May 2019.
  23. ↑ Thomas, Tanya (2 May 2019). "JSW enters paints business with ₹600 crore investment". Mint. Retrieved 10 May 2019.
  24. ↑ Lee, Kevin (2 May 2019). "JSW Group forays into paints, targets Rs 2,000 crore revenue by 2022". CNBC. Retrieved 10 May 2019.
  25. ↑ Gaur, Vatsala (2 May 2019). "JSW Paints aims at Rs 2,000 crore revenue over three years". The Economic Times. Retrieved 10 May 2019.
  26. ↑ Kapadia, Novy (27 September 2017). Barefoot to Boots: The Many Lives of Indian Football. Penguin Random House India Private Limited. ISBN 978-93-86815-65-1.
  27. ↑ Srivastava, Samar (29 December 2021). "Parth Jindal: The Game Changer". Forbes India. Retrieved 26 January 2024.
  28. ↑ "ISL final at Mumbai Football Arena a 'bummer' – BFC CEO". ESPN. 15 March 2019. Retrieved 10 May 2019.
  29. ↑ "JSW Sports launches Inspire Institute of Sport Vijayanagar". InsideSport. 15 August 2018. Archived from the original on 10 May 2019. Retrieved 10 May 2019.
  30. ↑ Ramdev, Darshana (25 August 2018). "Vision 2020: Parth Jindal sets sights on Tokyo Olympics". Deccan Chronicle. Retrieved 10 May 2019.
  31. ↑ Chanda, Kathakali (14 August 2024). "Parth Jindal and JSW Sports: Building India's Olympics ecosystem". Forbes India. Retrieved 3 November 2025.
  32. ↑ Chanchani, Madhav; Mandavia, Megha (2 September 2015). "Sajjan Jindal forms JSW Venture Fund to invest in early-stage internet, technology startups". The Economic Times. Retrieved 10 May 2019.
  33. ↑ Chatterjee, Dev (30 November 2023). "JSW group to buy 35% stake in joint venture with SAIC Motor of China". Business Standard. Retrieved 1 December 2023.
  34. ↑ Ghosh, Shrabona (24 February 2025). "The Autophile: Parth Jindal, Director, JSW MG Motor India". Entrepreneur. Retrieved 28 February 2025.
  35. ↑ Yadav, Krishna (25 January 2024). "JSW Group enters defence manufacturing". Mint. Retrieved 4 December 2025.
  36. ↑ Bharadwaj, Swati (3 December 2025). "JSW Defence to invest $90 million in V-BAT manufacturing plant in Hyderabad". The Times of India. Retrieved 4 December 2025.
  37. ↑ Ray, Atmadip (22 January 2019). "Jindal family's daughter-in-law in microfinance foray". The Economic Times. Retrieved 10 May 2019.
  38. ↑ "Being humane: How business scions are furthering the legacy of giving". Forbes India. Retrieved 10 May 2019.
  39. ↑ Gupte, Masoom (11 May 2016). "An extravagant affair: Parth Jindal ties the knot with Anushree Jasani in Vienna". The Economic Times. Retrieved 10 May 2019.
  40. ↑ "Parth Jindal and his wife Anushree become proud parents of a baby girl". Mumbai Mirror. 17 April 2019. Retrieved 14 May 2019.

Further reading

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Retrieved from "https://en.wikipedia.org/w/index.php?title=Parth_Jindal&oldid=1363878543"