Section 35
JSW Group
Started as: A steel re-rolling mill at Tarapur, Maharashtra
- founded
- 1982
- founder
- Sajjan Jindal
- headquarters
- Mumbai, Maharashtra
- 23
- Combined revenue of five JSW entities, FY2025 (US$ billion) · 2025
- 25
- Group footprint, as stated by the group (US$ billion) · 2026
- 37,000+
- People working in the group · 2026
The story
Sajjan Jindal, son of industrialist O.P. Jindal, began in 1982 with a small steel re-rolling mill at Tarapur near Mumbai. In 1994 he started a much larger steel project at Vijayanagar in Karnataka, close to iron ore mines.
The steel business needed power, ports and a use for its slag. So the group built power plants, ports and a cement business that uses steel-plant slag. Each one served the steel plant first and then outside customers.
Five group entities had combined revenue of about US$23 billion in FY2025, the group says. It has since moved into paints and cars.
Where it works today
SteelEnergyCementPorts and infrastructurePaintsCars (JSW MG Motor)Sports
Main companies
JSW Steel · JSW Energy · JSW Infrastructure · JSW Cement · JSW Paints · JSW MG Motor India
Timeline
- 1982Takes over a steel re-rolling mill at Tarapur, Maharashtra.
- 1994Jindal Vijayanagar Steel is set up at Toranagallu, Karnataka.
- 2005The two steel companies merge to form JSW Steel.
- 2010JSW Energy lists; JSW Steel buys Ispat Industries, gaining the Dolvi plant.
- 2019Launches JSW Paints.
- 2023JSW Infrastructure, the ports company, lists on the stock exchanges.
- 2025JSW Cement lists on the stock exchanges.