Abhyuday Jindal is an Indian businessman and philanthropist. He is the Managing Director of JSL Limited.
Wiki/Biography
Abhyuday Jindal was born in 1991 (32 years old; as of 2023). Abhyuday graduated from Boston University in Massachusetts, USA, with a BA in Economics and a minor in Business Management.
Abhiyuday Jindal when he was young
appearance
Height (approximately): 5′11″
Hair color: black
Eye color: light brown
family
Parents and siblings
Abhyuday’s father’s name is Ratan Jindal. Ratan is an Indian businessman and philanthropist. He is the Chairman and Joint Managing Director of Jindal Stainless Steel Limited. Abhyuday’s mother Deepika Jindal is the founder of Arttd’inox, a brand that deals in luxury stainless steel gifts. Abhyuday has a sister, Urvi Jindal, who is an entrepreneur.
Abhyuday Jindal’s father Ratan Jindal and mother Deepika Jindal
Urvi Jindal, sister of Abhyuday Jindal
wife and children
Abhyuday Jindal married Srishti Jindal. They met at a party in college and entered into a relationship before getting married. Srishti is an entrepreneur and author. She is the co-founder of Swift Media International, a travel media, research, branding and events company. The couple has a daughter.
Abhyuday Jindal and Srishti Jindal
other relatives
Abhyuday’s grandfather Om Prakash Jindal was the founder of the Jindal Group and its businesses. He was the Power Minister in the Government of Haryana. Om Prakash died in a plane crash in 2005. Abhyuday’s grandmother Savitri Jindal was a businesswoman who took over the Jindal Group after her husband’s death. She is a politician of the Indian National Congress. Forbes named Savitri Jindal the richest woman in India in 2023.
Savitri Jindal sits next to photo of her late husband Om Prakash Jindal
Abhyuday’s uncle (brother of his father Ratan Jindal) was a famous businessman. His uncle Naveen Jindal was an industrialist, philanthropist, athlete and Indian National Congress politician. He is also the Chairman of Jindal Steel and Power Limited (formerly Jindal Strips Limited). Sajjan Jindal is Chairman and Managing Director of JSW Group. Prithviraj Jindal is the Non-Executive Chairman of Jindal SAW Limited.
Om Prakash Jindal (centre, seated) with his four sons who run the Jindal Group
Profession
merchant
Abhyuday Jindal is the Managing Director of Jindal Stainless Steel Company. He started working in the steel industry as a management trainee in the JSW Group under his uncle Sajjan Jindal. After JSW acquired Ispat, Abhyuday played an important role in merging JSW and Ispat. He later worked as an associate at the Boston Consulting Group, where he focused on projects in a variety of industries including cement, steel, wind turbines, and auto parts. He has since held various positions within the company, such as operations, IT, human resources and finance. Abhyuday manages the supply chain and operations of Jindal Stainless Steel Group of Companies, where his job is to provide strategic vision and direction. He played a vital role in the diversification of the JSL Group, which has a turnover of over US$6 billion. Abhyuday develops new strategies to strengthen the company’s brand and explore new growth opportunities to achieve market leadership. He became the vice-president of Infrastructure Industries and Logistics Federation of India (ILFI), working towards building partnerships between the public and private sectors. Abhyuday subsequently became the Managing Director (MD) of Jindal Stainless Steel Limited and was reappointed as MD on May 1, 2023 for a period of five years.
philanthropist
Abhyuday is committed to improving the community surrounding the Jindal plant. He is a member of JSL Foundation’s Krishi Unnati project, which aims to teach farmers effective farming methods. He is also involved in teaching new skills to prisoners in prison and supporting them upon release. As part of Jindal’s corporate social responsibility, he runs a 580-bed hospital in Hisar, Haryana and oversees a healthcare program that operates regularly in Hisar and Jajpur, Odisha Organize health camps.
dispute
Paradise Paper: Financial data breach
The Paradise Papers revealed that wealthy 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 big companies and their alleged misuse of offshore locations. In the Abhyuday Jindal case, leaked documents show that in 2013, a law firm asked Appleby (the company under investigation) to appoint Abhyuday as a director of Jargo Investments and Vavasa Investments, two Mauritian companies of the Jindal Stainless Steel Group. However, Appleby expressed concern because, as an Indian, Abhiyudh Jindal was at risk of “round tripping” (tax evasion or money laundering). This relates to a $35 million loan to two Jindal Group companies. In this regard, Abhyuday Jindal clarified that Jargo Investments and Vavasa Investments were once part of the promoter group of Jindal Stainless Steel Limited and no longer hold shares in the company since 2014. The funds raised by these companies are for their own use only and not for Jindal Stainless Steel Limited and are hedged. Use these funds to invest in India. Abhyuday also mentioned that he was a non-resident when these companies raised funds.
Awards, Honors, Achievements
- Abhyuday Jindal received the Young Innovative Business Entrepreneur Excellence Award – Top Excellence Award from FORE at the 18th National Management Summit.
Abhyuday Jindal (far left) receives Top Ranker Excellence Award
salary
According to the Jindal Stainless Steel Annual Report 2022-23, the payment received by Abhyuday Jindal as Managing Director included a salary of Rs. 60 Lakhs on commission. 575 million, plus other components, the total is Rs 575 million. 117.5 million.
Favorites
- Restaurant: Trishna in Mumbai
Facts/Trivia
- Abhyuday is a fan of Bayern Munich football team.
- Abiyude said his alternative career options would be to work in the Army or the Armed Forces.
- Abhyuday enjoys traveling with his wife and takes three vacations a year. Every vacation, he tries to do at least one extreme sport (like bungee jumping, skydiving, or scuba diving).
- Abhyuday exercises every day by playing tennis or basketball. He also goes to the gym four times a week.
Abhyuday Jindal plays tennis, his favorite sport
- He likes to read. He said in an interview that reading helped him become an empathetic person.
- Abhyuday also loves to sing and he said in an interview that he often sings to his wife.
- Abhyuday Jindal blogged in The Times of India.
- Abhyuday and his wife like to stay out of the limelight. He said in an interview,
We like to live in our own world. We’re both very private, so we get along really well. Neither of us felt the need to be seen everywhere. We know we are comfortable with each other and enjoy that comfort. ”
Categories: Biography
Source: HIS Education