Usha Martin

Usha Martin Limited is an Indian multinational company founded in 1961 by Basant Kumar Jhawar, headquartered in Kolkata, West Bengal. It operates primarily in steel and wire rope manufacturing and has grown to become one of the largest wire rope manufacturers globally. The company diversified its product range over the years, producing specialty steel, wire ropes, and strands, while expanding its manufacturing footprint across India and establishing a global presence through subsidiaries and sales offices in countries like the United States, the United Kingdom, Dubai, Thailand, and Singapore.

Usha Martin has been involved in various industries, including oil and gas, mining, construction, elevators, and wind energy. It supplies wire ropes for applications such as drilling rigs, offshore platforms, and wind turbines. The company also operates subsidiaries in sectors like education, IT services, infrastructure development, international trade, and electronics.

Under corporate management, Vijay Singh Bapna serves as chairman with extensive experience in finance and operations, while Rajeev Jhawar is the managing director. Financially, Usha Martin reported a total income of Rs. 32,958.2 million and a net profit of Rs. 3,501.4 million for the fiscal year 2023, reflecting growth compared to the previous year.

Usha Martin's product portfolio includes wire ropes, strands, bright bars, specialty wires, and steel products, catering to industries such as construction, infrastructure, and general engineering. The company also has interests in real estate, agriculture, and information technology.