Parth Jindal

2021-06-11T20:21:02Z

2409:4042:B:A5EC:4C23:7FDD:893A:1437: /* References */

{{short description|Indian businessman}}
{{Use dmy dates|date=November 2019}}
{{Use Indian English|date=November 2019}}
{{Infobox person
|name = Parth Jindal
|image = Parth_jindal.jpg
|caption = MD of [[JSW Cement]] & CEO of [[Bengaluru FC]]
|birth_date = {{birth date and age|df=y|1990|05|19}}<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/a-28-year-old-scion-is-earning-the-spurs-at-13-billion-jsw-group/articleshow/65273746.cms|title=A 28-year-old scion is earning the spurs at $13 billion JSW Group|last1=John|first1=Satish|date=8 August 2018|work=The Economic Times|access-date=9 May 2019|last2=Gaur|first2=Vatsala}}</ref>
|nationality = Indian
|spouse = Anushree Jasani Jindal
|father = [[Sajjan Jindal]]
|mother = [[Sangita Jindal]]
|website = {{url|www.jsw.in}}
}}

'''Parth Jindal''' (born 19 May 1990) is an Indian businessman. He is the managing director of [[JSW Cement]], director of JSW USA, managing director of JSW Paints, director of JSW Sports, chairman of IPL cricket team [[Delhi Capitals]] and CEO of ISL football club [[Bengaluru FC]]<ref name=":3" /> He is also the founder of the [[Inspire Institute of Sport]] and oversees the management of JSW Venture Fund.

== Early life ==
Jindal is the youngest of three children and the only son of [[Sajjan Jindal]] and [[Sangita Jindal]] and grandson of OP Jindal.<ref>{{Cite web|url=https://www.forbes.com/profile/jindal/|title=Jindal family|website=Forbes|access-date=10 May 2019}}</ref> Jindal earned his MBA from [[Harvard Business School]] in 2016 and his BA in Economics and Political Science from [[Brown University]] in 2012.<ref name=":1">{{Cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/a-28-year-old-scion-is-earning-the-spurs-at-13-billion-jsw-group/articleshow/65273746.cms|title=A 28-year-old scion is earning the spurs at $13 billion JSW Group|last1=John|first1=Satish|date=8 August 2018|work=The Economic Times|access-date=10 May 2019|last2=Gaur|first2=Vatsala}}</ref> He is also an alumnus of Cathedral and John Connon School from Mumbai<ref>{{Cite web|url=https://www.livemint.com/Leisure/7X1ZVry98dXy3q9EZfs9aK/Bengaluru-FC-Men-of-steel.html|title=Bengaluru FC: Men of steel|last=Janardhan|first=Arun|date=7 August 2013|website=[[Mint (newspaper)|Mint]]|access-date=11 May 2019}}</ref> and Sevenoaks School in England.<ref>{{Cite web|url=https://www.livemint.com/Companies/XYVt6BzgBbuvJyV0GKJSyI/JSW-Steel-seeks-approval-from-shareholders-to-hike-scions-p.html|title=JSW Steel seeks approval from shareholders to hike scion's pay|last=PTI|date=9 July 2013|website=Mint|access-date=13 May 2019}}</ref>

Parth joined the JSW Group as an economic analyst in 2012 and also did a secondment with JFE Steel Japan for six months.<ref name=":1" />

== Businesses ==
=== JSW Cement ===
Parth Jindal was appointed managing director of [[JSW Cement]] in June 2014<ref name="Iyengar">{{Cite web|url=https://www.thehindubusinessline.com/companies/parth-jindal-appointed-md-of-jsw-cement-will-take-over-in-july/article21549051.ece1|title=Parth Jindal appointed MD of JSW Cement, will take over in July|last=Iyengar|first=Suresh P.|website=@businessline|access-date=10 May 2019}}</ref> and is aiming to expand from 14 MPTA to a 20 Million MPTA target by December 2021.<ref name="Iyengar"/> JSW Cement currently makes two variants of Green Cement products – JSW Cement Portland Slag Cement and Concreel HD. To bring down CO2 levels in production of Cement, JSW Cement has adopted a waste utilisation process that uses by-products or waste from other industries, thus limiting the use of carbonaceous raw materials.<ref>{{Cite web|url=https://www.thehindubusinessline.com/news/real-estate/real-estate-sector-using-green-raw-materials-in-shift-to-sustainable-construction-jsw-cement/article24946784.ece|title=Use of green raw materials on the rise amidst shift to sustainable construction: JSW Cement|last=Urs|first=Anil|website=@businessline|access-date=10 May 2019}}</ref>

In April 2018, JSW Cement confirmed its stake in Shiva Cement Ltd at 54.44%<ref>{{Cite web|url=https://equitybulls.com/admin/news2006/news_det.asp?id=248394|title=JSW Cement Ltd increases stake in Shiva Cement Ltd to 54.44%|date=4 April 2019|website=EquityBulls|access-date=10 May 2019}}</ref>

The company has commissioned enhanced capacity at their Dolvi Plant, and have commissioned plants in [[Jajpur]], [[Odisha]].<ref>{{Cite web|url=https://www.livemint.com/companies/news/jsw-cement-to-invest-rs2-000-crore-to-take-capacity-to-20-mt-by-2020-1550580811560.html|title=JSW Cement to invest Rs 2,000 crore to take capacity to 20 mt by 2020|date=19 February 2019|website=[[Mint (newspaper)|Mint]]|access-date=10 May 2019}}</ref> Parth is working towards raising Rs. 3,500 Crores through an IPO in 2021<ref>{{Cite web|url=https://www.cnbctv18.com/infrastructure/jsw-cement-charts-path-to-2021-ipo-2353401.htm|title=JSW Cement charts path to 2021 IPO|website=cnbctv18.com|access-date=10 May 2019}}</ref>

Under Parth's leadership the company has invested US$150 Million in Fujairah UAE, to set-up a one million tonne per annum clinker unit to achieve its 2020 targets. Through this investment Parth hopes to contribute to the overall economic development of Fujairah as well as create new direct and indirect job opportunities.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/jsw-cement-will-invest-close-to-us150-million-in-fujairah/articleshow/65056661.cms|title=JSW Cement will invest close to US$150 million in Fujairah|last=Majumdar|first=Rakhi|date=19 July 2018|work=The Economic Times|access-date=10 May 2019}}</ref>

=== JSW USA ===
Parth is the Director of JSW USA. Under his guidance, JSW Steel has made a US$1 Billion Commitment to be split evenly between US Operations in Texas and in Ohio.<ref>{{Cite web|url=https://newsinteractive.post-gazette.com/blog/mingo-junction-jsw-steel-ohio-furnace-india-tariffs-trump/|title=Can an Indian conglomerate bring back American steel? {{!}} Pittsburgh Post-Gazette|website=newsinteractive.post-gazette.com|access-date=10 May 2019}}</ref> An investment that was welcomed by US President Donald Trump.<ref>{{Cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/donald-trump-welcomes-jsw-steels-1-billion-investment-plans-in-us/articleshow/64721444.cms|title=Donald Trump welcomes JSW Steel's $1-billion investment plans in US|date=24 June 2018|work=The Economic Times|access-date=10 May 2019}}</ref> On investments in JSW USA, Parth shared that access to natural gas at extremely economical prices and the abundant availability of scrap steel in Texas made conditions very conducive for manufacturing through the Electric Art Furnace Route.<ref>{{Cite news|url=https://www.reuters.com/article/us-jsw-steel-texas-idUSKBN1H20KY|title=India's JSW Steel to invest $500 million in U.S. operations|date=26 March 2018|work=Reuters|access-date=10 May 2019}}</ref> The investments also guaranteed over 1000 jobs in the industry.<ref>{{Cite web|url=https://www.cnbc.com/2018/06/21/steel-company-jsw-usa-to-add-1000-new-jobs-ceo.html|title=Steel company JSW USA to add 1,000 new jobs: CEO|last=Ell|first=Kellie|date=21 June 2018|publisher=CNBC|access-date=10 May 2019}}</ref>

=== JSW Paints ===
Jindal is managing director of JSW Paints. The JSW Group formally announced the launch of JSW Paints on 2 May 2019.,<ref>{{Cite web|url=https://www.livemint.com/companies/news/jsw-enters-paints-business-with-rs-600-crore-investment-1556794671590.html|title=JSW enters paints business with ₹600 crore investment|last=Thomas|first=Tanya|date=2 May 2019|website=[[Mint (newspaper)|Mint]]|access-date=10 May 2019}}</ref><ref>{{Cite web|url=https://www.cnbctv18.com/retail/jsw-group-forays-into-paints-targets-rs-2000-crore-revenue-by-2022-3167871.htm|title=JSW Group forays into paints, targets Rs 2,000 crore revenue by 2022|website=cnbctv18.com|access-date=10 May 2019}}</ref> The company is aiming to achieve Rs. 20 billion revenue mark by 2022.<ref name=":5">{{Cite news|url=https://economictimes.indiatimes.com/industry/cons-products/paints/jsw-paints-aims-at-rs-2000-crore-revenue-over-three-years/articleshow/69148649.cms|title=JSW Paints aims at Rs 2,000 crore revenue over three years|last=Gaur|first=Vatsala|date=2 May 2019|work=The Economic Times|access-date=10 May 2019}}</ref> The company has built two facilities – a 25,000 kilo litres coil coating facility at Vasind in Maharashtra for industrial demand and another 10,000 kilo litre water-based decorative paints facility in Vijayanagar in Karnataka.<ref name=":5" /> The Vijayanagar plant was inaugurated on 27 January 2020.

The company offers a complete range of environment friendly water-based paints for interior and exterior walls, wood and metal.<ref>{{cite news |last1=Jayakumar |first1=P B |title=JSW Group enters paints business with 'Any Colour, One Price' USP |url=https://www.businesstoday.in/current/corporate/jsw-group-enters-paints-business-with-any-colour-one-price-usp/story/342653.html |access-date=28 February 2021 |work=Business Today |date=3 May 2019}}</ref>

=== JSW Sports ===
Parth is the Director of JSW Sports, that currently runs the ISL Football Club [[Bengaluru FC]], Delhi based IPL Team [[Delhi Capitals]] and the Inspire Institute of Sport.<ref name=":3">{{Cite web|url=http://www.espn.in/football/indian-super-league/story/3800895/bengaluru-fc-ceo-parth-jindal-staging-isl-final-at-mumbai-football-arena-a-bit-of-an-anti-climax|title=ISL final at Mumbai Football Arena a 'bummer' – BFC CEO|date=15 March 2019|publisher=ESPN|access-date=10 May 2019}}</ref><ref name=":4" /> In 2018, JSW Sport acquired 50% stake of the [[Delhi Capitals]] from [[GMR Group]] and Jindal was appointed as Chairman of the [[Indian Premier League|IPL]] team.<ref>{{cite web |title=Delhi Daredevils Renamed Delhi Capitals, Shreyas Iyer to Lead |url=https://www.thequint.com/sports/cricket/delhi-daredevils-renamed-delhi-capitals-ipl |website=[[The Quint]] |date=5 December 2018 |access-date=23 December 2018}}</ref><ref>{{cite news |title=Delhi Daredevils is now Delhi Capitals |url=https://www.thehindu.com/sport/cricket/delhi-daredevils-is-now-delhi-capitals/article25664076.ece |newspaper=[[The Hindu]] |author=PTI |date=4 December 2018 |access-date=23 December 2018|author-link=Press Trust of India }}</ref>

JSW Sports also runs the Sports Excellence Program that provides training to elite Indian Olympic Athletes and also manages their commercial interests.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/sports/jsw-sports-to-also-manage-athletes/articleshow/67187919.cms?from=mdr|title=JSW Sports to also manage athletes|last=Gaur|first=Vatsala|date=21 December 2018|work=The Economic Times|access-date=10 May 2019}}</ref>

In 2018, JSW Sports won the FICCI India Sports Awards in the category of Best Company promoting sports<ref>{{Cite web|url=http://ficci.in/ficci-in-news-page.asp?nid=15681|title=JSW Sports awarded at FICCI India Sports Awards,APN News,Oct 27, 2018|website=ficci.in|access-date=10 May 2019}}</ref> and was also awarded the Rashtriya Khel Protsahan Puruskar Award by the Indian Government for its contribution towards sport in India, which is the highest accolade awarded by the Government of India.<ref name=":0">{{Cite web|url=http://www.goal.com/en-india/news/136/india/2014/08/29/5068944/jsw-sports-awarded-rashtriya-khel-protsahan-puruskar|title=JSW Sports awarded Rashtriya Khel Protsahan Puruskar {{!}} Goal.com|last=Bera|first=Kaustav|website=www.goal.com|access-date=10 May 2019}}</ref>

=== Inspire Institute of Sport ===
Parth Jindal is the founder of the Inspire Institute of Sport (IIS) in Vijayanagar that was formally launched on 15 August 2018.<ref>{{Cite web|url=https://www.deccanchronicle.com/sports/in-other-news/250818/vision-2020-parth-jindal-sets-sights-on-tokyo-olympics.html|title=Vision 2020: Parth Jindal sets sights on Tokyo Olympics|last=Ramdev|first=Darshana|date=25 August 2018|website=Deccan Chronicle|access-date=10 May 2019}}</ref> Spread across 42 acres, the Institute aims to provide a world class training centre which can provide Indian athletes access to the most advanced infrastructure, coaching and sports science within the country. It is an initiative led by the JSW Group.<ref name=":4">{{Cite web|url=https://www.insidesport.co/jsw-group-launches-inspire-institute-of-sport-vijayanagar/|title=JSW Sports launches Inspire Institute of Sport Vijayanagar|last=PTI|date=15 August 2018|website=InsideSport|access-date=10 May 2019}}</ref>

IIS has been recognised by the Sports Authority of India as a Khelo India accredited development centre for Boxing and Wrestling. The initiative is also supported by CSR funding from a number of Indian and International corporates.<ref name=":4" />

===JSW Venture Fund===
Jindal also oversees the Management of JSW Venture Fund.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/sajjan-jindal-forms-jsw-venture-fund-to-invest-in-early-stage-internet-technology-startups/articleshow/48766236.cms|title=Sajjan Jindal forms JSW Venture Fund to invest in early-stage internet, technology startups|last1=Chanchani|first1=Madhav|date=2 September 2015|work=The Economic Times|access-date=10 May 2019|last2=Mandavia|first2=Megha}}</ref>

===Other ventures===
Jindal's wife Anushree Jindal oversees a micro-finance venture, Svamaan Financial Services, that is 100% owned by the couple.<ref>{{Cite news|url=https://economictimes.indiatimes.com/small-biz/startups/newsbuzz/jindal-familys-daughter-in-law-in-microfinance-foray/articleshow/67640454.cms|title=Jindal family's daughter-in-law in microfinance foray|last=Ray|first=Atmadip|date=22 January 2019|work=The Economic Times|access-date=10 May 2019}}</ref>

== Personal life ==
Parth is married to Anushree Jindal (née Jasani).<ref>{{Cite news|url=https://economictimes.indiatimes.com/magazines/panache/an-extravagant-affair-parth-jindal-ties-the-knot-with-anushree-jasani-in-vienna/articleshow/52217645.cms|title=An extravagant affair: Parth Jindal ties the knot with Anushree Jasani in Vienna|last=Gupte|first=Masoom|date=11 May 2016|work=[[The Economic Times]]|access-date=10 May 2019}}</ref> They have a daughter born in April 2019.<ref>{{Cite web|url=https://mumbaimirror.indiatimes.com/opinion/the-informer/tiny-feet-great-joy/articleshow/68914875.cms|title=Parth Jindal and his wife Anushree become proud parents of a baby girl|website=[[Mumbai Mirror]] |access-date=14 May 2019|date=17 April 2019}}</ref>

=== Philanthropy Work: Launch of Yashoda ===
Apart from his interest in Sport, inspired by JSW Foundation's work in mitigating malnutrition in Palghar District, Parth oversaw the development of an Android-based app to monitor the development indicators of children under the age of six. Local women, nicknamed ‘Yashodas’ inspired by a female character from Hindu Mythology were trained to take photographs of mother and child on their mobile phones, iris-scan them and enter the required information in the app. Today, this allows for real-time, GPS-enabled tracking of the nutrition and growth markers of children, letting doctors and officials take follow-up action where needed. Malnutrition, as a result, has fallen drastically in the three talukas of Palghar that the JSW Foundation works in. Chief Minister Devendra Fadnavis has mandated that the technology be rolled out across Maharashtra.<ref>{{Cite web|url=http://www.forbesindia.com/article/heroes-of-philanthropy/being-humane-how-business-scions-are-furthering-the-legacy-of-giving/52099/1|title=Being humane: How business scions are furthering the legacy of giving|website=Forbes India|access-date=10 May 2019}}</ref>

== Awards and recognition ==
Parth was selected one of GQ's 50 most influential Indians in 2018.<ref>{{Cite web|url=https://www.gqindia.com/content/gq-most-influential-young-indians-2018/|title=GQ's 50 Most Influential Young Indians of 2018|date=5 December 2018|website=GQ India|access-date=10 May 2019}}</ref> He was felicitated by the Vice-President of India in 2018 at the Jashn E Youngistan awards in recognition for his contribution to the society and helping the nation to make an indelible mark globally<ref>{{Citation|last=News24|title=जश्न-ए-यंगिस्तान: उप राष्ट्रपति वेंकैया नायडू ने उद्योगपति पार्थ जिंदल को किया सम्मानित|date=24 November 2018|url=https://www.youtube.com/watch?v=Pvplt_ojxKg|access-date=10 May 2019}}</ref> Parth Jindal received the Rashtriya Khel Protsahan Puruskar Award on behalf of JSW Sport in October 2018<ref name=":0" />

== References ==
{{Reflist}}

==External links==
* [https://twitter.com/parthjindal11 Parth Jindal – Official Twitter page]
* [https://www.jsw.in/ JSW Group – Official Website]
*[https://www.youtube.com/watch?v=TxDuDB6sddA Parth Jindal Podcast]

{{DEFAULTSORT:Jindal, Parth}}
[[Category:1990 births]]
[[Category:Living people]]
[[Category:Brown University alumni]]
[[Category:Businesspeople from Bangalore]]
[[Category:Indian chief executives]]
[[Category:Indian venture capitalists]]
[[Category:Harvard Business School alumni]]
[[Category:People educated at Sevenoaks School]]
[[Category:JSW Group]]
[[Category:Jindal family]]

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Parth Jindal