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Finance committee

The Finance Committee comprises of 3 Directors. The Members of the committee are: Mr Jayant Acharya, Mr. Gajraj Singh Rathore and Mr. Arun Sitaram Maheshwari.

Mr. Jayant Acharya

Mr. Jayant Acharya

Jt. Managing Director & CEO
Mr. Gajraj Singh Rathore

Mr. Gajraj Singh Rathore

Chief Operating Officer

The terms of reference of the Committee are as follows:

  • To avail credit/financial facilities of any description from Banks/Financial Institutions/ Bodies Corporate.
  • To invest and deal with any monies of the Company upon such security or without security.
  • To make loans to Individuals/Bodies Corporate and/or to place deposits with other Companies/Firms upon such security or without security.
  • To give guarantee or provide security in respect of loans made by subsidiaries, Joint Ventures and Associates.
  • To open Current Account(s), Collection Account(s), Operation Account(s), or any other Account(s) with Banks, Demat accounts with depositories such as NSDL and CDSL through intermediaries / Depository Participant (DP) and also to close all such accounts.
  • To open new Branch Offices of the Company, to declare the same as such under section 2(14) of the Companies Act, 2013 and to authorise personnel to register the aforesaid branches and deal with various authorities such as the GST, Profession Tax, Commercial Tax, State & Central Sales Tax, VAT Authorities and other local Authorities.
  • To authorise personnel to sign excise, import and export documents, execute Customs House Documents like Shipping Bills, Bills of Entry, refund vouchers/duty draw back bills, Provisional Duty Bond (P.D.Bond), Test Bond, EPCG Bond etc..
  • To Authorise personnel to sign and execute Letter of Indemnity (LOI) on behalf of the Company, for all export & import documentation purpose.
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Mr. Jayant Acharya

Mr. Jayant Acharya Jt. Managing Director & CEO

Mr. Jayant Acharya, Jt. Managing Director & CEO, started his career with SAIL (Steel authority of India) in the year 1986 and then worked with renowned Indian Business Groups in various Capacities until he joined JSW Steel in 1999.

With over three decades of industry experience in the Metals and Mining sector, Mr. Acharya has played a pivotal role in the growth of JSW Steel. He has led various key transformations in Sales & Marketing., IT transformation, Digitalization efforts and focus on Sustainability and environmental measures. Under his stewardship several key transformations have taken place within JSW Steel in the areas of Organized steel retailing, Development of Critical and Advanced Grade of Steels for Automotive, Long-term supply contracting etc. He has also spearheaded New Product Development initiatives and has been able to create a substantial market presence for JSW Steel for Alloy Steel Rounds and Bars, Electrical Steel, Tin Plates etc. In line with the Company’s strategic focus of expanding in key geographies and strengthening its global footprint, Mr. Acharya has successfully managed overseas acquisitions in the USA and Italy for JSW Steel and has also secured coal and iron ore mines through auctions.

Mr. Jayant Acharya holds a Bachelor's degree in Chemical Engineering, a Master's degree in Physics from BITS (Birla Institute of Technology, Pilani, India), and an MBA degree.

Mr. Jayant Acharya is also Director on the Board of JSW Steel Coated Products Limited.

Mr. Gajraj Singh Rathore

Mr. Gajraj Singh Rathore Chief Operating Officer

Mr. Gajraj Singh Rathore is the Chief Operating Officer for JSW Steel. He brings with him over 35 years of steel industry experience with expertise on large scale transformation & digitalization. He has been associated with JSW Steel for about 27 years and has championed multiple strategic priorities such as leading the Steel making and Mills at the Vijayanagar plant as Executive Vice President, Operations and successfully overseeing the expansion and capacity utilization of the Dolvi plant as its President.

Mr. Gajraj Singh is also Director on the Boards of Chandranitya Developers Limited, JSW AP Steel Limited and JSW JFE Electrical Steel Private Limited.