Abhyudaya Jindal is an Indian businessman and philanthropist. He is the Managing Director of JSL Limited.
Contents
Wiki/Biography
Abhyudaya Jindal was born in 1991 (age 32 years; as of 2023). Abhyudaya holds a BA in Economics from Boston University in Massachusetts, United States. and graduated with a Minor Degree in Business Management.
Abhyudaya Jindal when he was young
Physical Appearance
Height (Approx): 5′ 11″
Hair Color: Black
Eye colour: Light brown
Family
parents and siblings
Abhyudaya’s father’s name is Ratan Jindal. Ratan is an Indian businessman and philanthropist. He is the Chairman and Co-Managing Director of Jindal Stainless Limited. Abhyudaya’s mother, Deepika Jindal, is the founder of Arttd’inox, a brand that deals with luxury stainless steel gifting. Abhyudaya has a sister, Urvi Jindal, who is an entrepreneur.
Abhyudaya Jindal’s father is Ratan Jindal and his mother is Deepika Jindal.
Abhyudaya Jindal’s sister Urvi Jindal
wife and children
Abhyudaya Jindal is married to Srishti Jindal. They met at a party when they were in college and were in a relationship before marriage. Srishti is an entrepreneur and writer. She is the co-founder of Swift Media International which is a travel media, research, branding and events company. The couple has a daughter.
Abhyudaya Jindal with Srishti Jindal
other relatives
Abhyudaya’s grandfather, Om Prakash Jindal, was the founder of the Jindal Group and its enterprises. He was the Minister of Electricity in the Government of Haryana. Om Prakash died in a plane crash in 2005. Abhyudaya’s grandmother, Savitri Jindal, is a businesswoman who took charge of the Jindal Group after her husband’s death. She was a politician from the Indian National Congress. Forbes has named Savitri Jindal as India’s richest woman by 2023.
Savitri Jindal sitting near the photo of her late husband Om Prakash Jindal
Abhyudaya’s uncle (brother of his father Ratan Jindal) is a famous businessman. His uncle Naveen Jindal is an industrialist, philanthropist, sportsperson and politician from the Indian National Congress. He is also the Chairman of Jindal Steel and Power Limited (formerly known as Jindal Strips Limited). Sajjan Jindal is the Chairman and Managing Director of JSW Group. Prithviraj Jindal is the non-executive chairman of Jindal SAW Limited.
Om Prakash Jindal (seated centre) with his four sons who run the Jindal Group
livelihood
Businessman
Abhyudaya Jindal is the Managing Director of Jindal Stainless. He started working in the steel business as a management trainee for the JSW Group under his uncle Sajjan Jindal. Abhyudaya played an important role in the merger of JSW and Ispat following the acquisition of Ispat by JSW. Later, he worked as an associate at Boston Consulting Group, focusing on projects in various industries such as cement, steel, wind turbines and auto components. Since then, he has held various roles in the company such as operations, IT, HR and finance. Abhyudaya managed supply chain and operations at Jindal Stainless Group of Companies, where his role was to provide strategic vision and direction. He played a key role in diversifying the JSL Group, which has a turnover of over US$6 billion. Abhyudaya creates new strategies to strengthen the company’s brand and explore new growth opportunities for market leadership. He became the Vice President of the Infrastructure Industry and Logistics Federation of India (ILFI), where he works on building partnerships between the public and private sectors. Abhyudaya thereafter became the Managing Director (MD) of Jindal Stainless Limited and on 1 May 2023, he was re-appointed as MD for a period of five years.
Philanthropist
Abhyudaya is dedicated to improving the communities near Jindal factories. He is part of JSL Foundation’s project Krishi Unnati, which educates farmers about effective farming methods. He is also involved in teaching new skills to prisoners in prisons, to support them upon their release. As part of the Jindal Company’s social responsibility, he runs a 580-bed hospital in Hisar, Haryana, and oversees a health care program that conducts regular health camps in Hisar and Jajpur, Odisha.
controversies
Paradise Paper: financial data leak
The Paradise Papers revealed that rich and powerful people around the world, including some in India, hid their money in secret accounts in 19 “tax havens”. The investigation, led by The Indian Express and the International Consortium of Investigative Journalists, focused on suspected abuses by large companies and their offshore locations. In the case of Abhyudaya Jindal, leaked documents reveal that in 2013, a law firm asked Appleby (the company under investigation) to appoint Abhyudaya as a director in Jindal Stainless Group’s two Mauritius-based companies – Jargo Investments and Vavasa Investments. Was asked to appoint. However, Appleby was concerned because being an Indian, Abhyudaya Jindal was at risk of ’round tripping’ (tax evasion or money laundering). This was related to a loan of $35 million given to two Jindal group companies. In response, Abhyudaya Jindal clarified that Jargo Investments and Vavasa Investments, which were once part of the Jindal Stainless Limited promoter group, no longer hold shares in the company since 2014. I invested in India with those funds. Abhyudaya also mentioned that he was a non-resident when these companies raised funds.
Awards, Honors, Achievements
- Abhyudaya Jindal won the Top Rankers Excellence Award for Young Innovative Business Entrepreneur from FORE – Top Rankers Excellence Awards at the 18th National Management Summit.
Abhyudaya Jindal (far left) receiving the Top Rankers Excellence Award
Salary
According to Jindal Stainless’s annual report for 2022-23, Abhyudaya Jindal as Managing Director gets paid which includes a salary of Rs. Commission of Rs 600 lakh. 575 lakh, and other components, totaling Rs. 1,175 lakh.
Favorite
- Restaurant: Trishna in Mumbai
Facts/General Knowledge
- Abhyudaya is a fan of the football team Bayern Munich.
- Abhyudaya has said that his alternative career option would be to work in the army or armed forces.
- Abhyudaya enjoys traveling with his wife and takes three holidays a year. In every vacation, he tries to do at least one extreme sport (for example, bungee jumping, sky-diving or scuba diving).
- Abhyudaya exercises daily by playing tennis or basketball. He also goes to the gym four times a week.
Abhyudaya Jindal plays tennis, his favorite game
- He enjoys reading. In an interview, he said that reading helped him become an empathetic person.
- Abhyudaya also enjoys singing and he had said in an interview that he sings a lot for his wife.
- Abhyudaya Jindal has published blog articles in The Times of India.
- Abhyudaya and his wife prefer to stay away from limelight. In an interview he said,
We like to live in our own world. We both are very private and that is why we get along so well. None of us feel the need to be visible everywhere. We know we are comfortable with each other and enjoy that comfort.”
Categories: Biography
Source: vcmp.edu.vn