How Parth Jindal is diversifying JSW with ambition and purpose

/ 2 min read
Summary

Parth Jindal is leading the JSW Group into a new era of sustainable growth, driving bold expansions in areas like cement and paints, while pushing green innovation across core businesses.

Parth Jindal, MD, JSW Cement and JSW Paints
Parth Jindal, MD, JSW Cement and JSW Paints

This story belongs to the Fortune India Magazine July 2025 issue.

Parth Jindal is determined to expand the JSW Group through strategic diversification, targeted acquisitions, and a strong push for modernisation through technology. A key part of his vision is transitioning the group's traditional businesses to green alternatives.

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He built the cement and paints businesses from scratch, and after JSW acquired a stake in MG Motor India, Parth was deputed to lead the group’s foray into the electric vehicle segment.

Parth isn’t just expanding the conglomerate—he’s crafting a future-proof empire rooted in innovation and sustainability. Cutting carbon emissions in JSW’s core steel operations is central to that mission.

“If we make 75 million tonnes of steel the way we are making 27 million tonnes, the world will not accept it,” he told Fortune India earlier.

His expansion initiatives extend beyond industry. Through JSW Sports, Parth has significantly elevated the group’s presence in Indian athletics—owning Bengaluru FC in the Indian Super League (ISL), co-owning Delhi Capitals in the IPL, and supporting Haryana Steelers in the Pro Kabaddi League. His brainchild, the Inspire Institute of Sport in Bellary, has become a breeding ground for Olympic talent.

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Parth is also credited with reviving JSW Cement. Under his leadership, production has grown from 15 million tonnes (MT) to over 30 MT, with a target of 40 MT by 2028.

In 2020, he launched JSW Paints, and in June 2025, the company signed a deal to acquire up to 74.76% stake in Akzo Nobel India from the Dutch parent and its affiliates for ₹8,986 crore.

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Parth also played a pivotal role in launching JSW One MSME, a digital marketplace for steel products aimed at empowering small and medium enterprises (SMEs).

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