Understanding the problems faced by family businesses, O. P. Jindal had demarcated a proper succession plan in advance. Today, all his four sons are into different business segments heading operations of different group companies without interference from each other. While the eldest son Prithviraj Jindal has taken control of the steel pipes business, the second son Sajjan Jindal is now in charge of the carbon steel business. The third son Ratan Jindal controls the stainless steel business and fourth son, Naveen Jindal (above), who has also inherited his father’s political legacy, is now in control of the rails & power business. The Naveen Jindal-owned Jindal Steel & Power has recently acquired mining rights for the El-Mutun iron ore mines in Bolivia. At present, he is a sitting MP representing Kurukshetra constituency in Haryana. The steel sector globally is presenting numerous opportunities for expansion and consolidation. And the O. P. Jindal group is indeed one company to watch out for on the global steel map.
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Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
For complete IIPM article click here
Source:- IIPM Editorial
Visit also:- IIPM Publication, Business & Economy & Arindam Chaudhuri Initiative
