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JSW Group is an Indian multinational conglomerate, based in . It is led by and founded by Om Prakash Jindal. The group's diverse businesses include , , , , automotive and , across India, the United States, South America, and Africa.

History
1982–1994
The JSW Group was founded in 1982 when Jindal acquired a re-rolling mill located in Tarapur, Maharashtra, near , from Piramal Steel.
(2011). 9788132105862, SAGE Publications. .
Following the acquisition, the group renamed it Jindal Iron and Steel Company (JISCO). Subsequently, in the same year, the group established its first steel plant in Vasind, near Mumbai.

1994–2005
Jindal Vijayanagar Steel Limited (JVSL) was established in 1994. Situated at in the – region of Karnataka, this plant strategically positioned itself in the heart of the high–grade iron ore belt, sprawling across 3,700 acres of land. In 2004, JSW made a strategic move by acquiring Salem Steel Works, adding to its portfolio. The year 2005 witnessed a pivotal moment in group's history when JISCO and JVSL merged to create .

In 1994, JSW Energy Limited was established as power company, focusing on power generation, transmission and trading.

In 1999, JSW Infrastructure was founded to construct and operate airports, shipyards, townships, roads and rail connectivity, inland waterways, water treatment plants, special economic zones and other infrastructural facilities.

2008–2014
In 2008, JSW Group ventured into a rebar joint venture in Georgia. The acquisition of an integrated steel plant at Dolvi, Maharashtra, in 2010 added to their steel production portfolio. And, the acquisition of in 2014 marked as a diversification in the group's history.

In 2009, JSW Group entered the cement business by establishing and established production facilities in various locations including Vijaynagar, Nandyal (Andhra Pradesh), Dolvi, Jaipur, Shiva (Odhisha), Salboni (West Bengal), and Fujairah (United Arab Emirates).

(2021). 9789811660733, Springer Nature. .

2018–2020
In 2018, JSW Group purchased Italy's Aferpi. Also, investments were made in a greenfield Texas plant and the takeover of bankrupt Bhushan Power. In 2020, JSW's purchase of Bhushan Power faced legal challenges, but the group pressed on, acquiring stakes and expanding its presence.

On 2 May 2019, JSW Group established JSW Paints with a total investment of , with 250 crore of equity investment and a ₹350 crore debt investment from Axis Bank.

2021–2025
In 2021, JSW Steel Italy acquired a stake in GSI Lucchini and set a CO2 reduction target for 2030. In 2022, they planned the merger of JISPL and CSSL subsidiaries and secured approval for a greenfield steel plant in . In 2013, the group entered into a collaboration with Japan's in the electrical steel sector. In December 2023, JSW Infrastructure announced plans to acquire a majority stake in PNP Port for ₹270 crore.

In April 2024, JSW Steel raised a $900 million syndicated loan from a consortium of eight foreign banks (Singapore's DBS Bank, France's BNP Paribas, UK's HSBC and Standard Chartered, UAE's Mashreq Bank and First Abu Dhabi Bank, Japan's Sumitomo Mitsui Banking Corp (SMBC) and Taiwan's CTBC Bank) to refinance debt facilities and repay expensive loans ahead of schedule.

In December 2024, JSW Group entered the non-ferrous metals sector by adding copper to its metal portfolio through the acquisition of two Jharkhand copper mines from . As of March 2025, the group plans to build a 500,000 metric ton copper smelter in Odisha by 2028-29, using copper concentrate from and .

In December 2024, JSW Neo Energy purchased the O2 Power platform from and Temasek for $1.5 billion.

Group companies
Listed
  • JSW Cement – Currently, it has a capacity of 20.6 MTPA. The company is currently engaged in initiatives to develop zero clinker cement, a type of cement that eliminates the need for limestone mining. Instead, it will utilize fly ash and ground-granulated blast-furnace slag, combined with a chemical additive, to produce concrete.
  • – JSW Energy has a power generation capacity of 6564 megawatts (MW), out of which 3158 MW is thermal power, 1391 MW is , 1.75MW pumped storage plant and 10 MW solar power. It plans to significantly increase its capacity from 7.3GW to 20GW by March 2030 by solar and wind-based power projects.
  • JSW Holdings – JSW Holdings is a Non-Banking Financial Company (NBFC) that forms the investment arm of the JSW Group. The company makes strategic investments in new ventures promoted by the JSW Group.
  • JSW Infrastructure – Based in , its primary business interests are in the development of infrastructure for ports, roads, and rail connectivity. and both ports are operated by JSW Infrastructure. The company has a cargo handling capacity of 153MT. In FY22, the company recorded a profit of ₹318 crore from a revenue of ₹2,273 crore. On 3 October 2023, JSW Infrastructure debuted at a premium of 20.2% on Indian stock market via IPO. JSW Infrastructure is upgrading the . JSW Infrastructure is building two greenfield ports at Nangaon and Keni. As of February 2024, the company operates 10 ports and terminals in India and one terminal in the UAE, with a total operational capacity of 170 million tonnes per year. According to the recent statutory filings, the promoter firm Sajjan Jindal Family Trust sold equity shares of the company worth ₹1200 crores to comply with SEBI’s minimum public shareholding norms. In June 2025, the company secured a 30‑year concession to modernize and operate two container berths at Port of Kolkata’s Netaji Subhas Dock—outbidding the with a royalty bid of ₹4,678 per TEU—in a project marking its first port venture in West Bengal.
  • – JSW Steel has one of the world's largest single blast furnaces with a capacity of 4.8 MTPA.
    (2026). 9783110727968
    JSW's overall installed capacity is 35.7 MTPA.

Unlisted
  • JSW Defence and Aerospace – The company was established in 2024 by acquiring a 51% stake in Gecko Motors Private Ltd., which specializes in extreme off-road vehicles. Following the acquisition, Gecko Motors has been rebranded as JSW Gecko Motors. The company was awarded a defence ministry contract to produce 96 Specialist Mobility Vehicle (SMV) N1200 ATOR in June 2023 after trials in July 2021. These manufacturing of the vehicles commenced in January 2024 in , and delivery concluded by June 2024. The vehicle, an Indianised variant of N1200, has an in-service designation was JSW Kapidhwaj. The vehicle participated in Delhi Republic Day parade 2025. In November 2024, Shield AI partnered with JSW Defense to manufacture the drones in India. JSW shall be investing $90 million over the next 2 years of which $65 million will be invested within 12 months to establish a "global compliance programme", , technology licensing and train parsonnel.
  • JSW Paints – There are two manufacturing facilities under its operation, with one dedicated to industrial coatings located in Vasind (Maharashtra), and the other focused on decorative coatings situated in Vijayanagar. The combined capacity of these two plants is 170,000 kilolitres. As of June 2025, JSW Paints announced that it had signed definitive agreements to acquire up to a 74.76% stake in Akzo Nobel India Limited (ANIL) from and its affiliates, for a maximum consideration of , as outlined in the Share Purchase Agreement. This acquisition will make JSW Paints the fourth-largest player in the Indian paint industry.
  • JSW Port Logistics - A wholly owned subsidiary of JSW Infrastructure, dealing with warehousing, and container freight stations.
  • JSW Ventures – JSW Ventures is the arm of JSW Group which invests in early-stage Indian startups.
  • JSW Realty – It is the real-estate arm of the group, focusing on sustainable residential and commercial projects.
  • JSW Sports – Through JSW Sports, the group also owns the Indian Premier League cricket team , the Women's Premier League cricket team Delhi Capitals, the SA20 cricket team Pretoria Capitals, the Indian Super League football team , the Hockey India League team Soorma Hockey Club, and the Pro Kabaddi League team . It also operates Inspire Institute of Sport, a 42-acre high performance training centre in the outskirts of Vidyanagar, .
  • JSW One Platforms – Launched in 2021, it comprises two entities: JSW One MSME and JSW One Homes. The former is an online platform for MSMEs, providing an industrial materials such as steel, welding consumables, TMT bars, and cement. On the other hand, the latter is a digital platform that specializes in end-to-end home construction solutions for individual real estate companies and builders. In May 2025, the platform raised around $40 million in a funding round led by Principal Asset Management, OneUp, JSW Steel, and other investors, bringing its valuation to $1 billion. Currently, it serves over 500,000 building and manufacturing MSMEs across the country.
  • JSW Neo Energy - In 2021, JSW Energy transferred its renewable energy portfolio to JSW Neo Energy. This included the transfer of 100% equity shares in JSW Renew Energy (Kar), JSW Renewable Energy (Dolvi), and JSW Energy (Kutehr). In December 2024, the company acquired a 4,696 MW renewable energy platform from O2 Power Pooling Pte, owned by EQT Infrastructure and Temasek, for ₹12,468 crore. The platform has a ₹3.37/KWh average tariff and a 23-year remaining life, with capacities across seven Indian states.

Joint-ventures
  • JSW MG Motor India, on 30 November 2023, China's and the JSW Group formed a strategic joint venture, resulting in the latter gaining a 35% stake in MG Motor India through this partnership. In February 2024, the group inked a MoU with the Government of Odisha for a Integrated and EV Battery Manufacturing Project in and . The project includes a 50 GWH EV battery plant, EVs, Lithium refinery, Copper smelter, and related component units. The JV aims to manufacture 1 million electric cars in India by 2030, starting with the domestic market and later expanding to international sales. In October 2024, JSW Green Mobility, the EV subsidiary of the JV, has been allotted 636 acres in Aurangabad Industrial City by the Government of Maharashtra. The company will use 546 acres for an electric car manufacturing unit and 90 acres for commercial vehicle production. As of July 2025, JSW Group is set to increase its stake in MG Motor India by acquiring the remaining 49% held by SAIC, bringing its total holding to 84%, as the Chinese automaker exits the Indian market.
  • JSW Steel-JFE Steel JV In December 2025, JSW Steel formed a 50:50 joint venture with Japan's for the steel facility of Bhushan Power & Steel Limited in Odisha, which JSW had acquired in 2021 through insolvency proceedings. JFE Steel agreed to invest in two tranches for its 50% stake, following the transfer of BPSL's steel business to the JV entity via a slump sale.

Research and development
  • JSW School of Public Policy (JSW-SPP), Indian Institute of Management Ahmedabad – The institute was inaugurated in February 2023 with its architectural design led by .
  • JSW Technology Hub for Manufacturing of Steel (JSW-TH), Indian Institute of Technology Bombay – The technology hub is actively engaged in several research domains. These include , , and solid Waste Management.
  • JSW Centre for the Future of Law, National Law School of India University – In 2024, JSW Group awarded a grant to renovate and expand a core academic block of the university and to establish an interdisciplinary policy research centre.
  • JSW Center of Excellence for Smart Grid Technologies, M S Ramaiah Institute of Technology – In July 2024, the group signed a Memorandum of Understanding (MoU) with MS Ramaiah Institute of Technology and Sharika Smartec to establish the Center of Excellence for Smart Grid technologies at the MSRIT campus in Bengaluru.

Philanthropy
JSW Foundation is the philanthropic arm of JSW Group, set up in 1987.
(2026). 9789325957640, Vikas Publishing House. .
The foundation works in the field of education, skill building training, healthcare and social development domains. Besides that, the Foundation is actively involved in restoration projects, including the preservation and restoration of significant archaeological ruins like
(2021). 9789390742011, Pan Macmillan. .
(and setting up Hampi Art Labs), Mughal Gardens of Kashmir (Shalimar Bagh and ), Keneseth Eliyahoo Synagogue, Maragondanahalli Lake in , David Sassoon Library, , etc.

COVID-19
In May 2020, right at the outset of the COVID-19 pandemic in India, JSW Group pledged more than ₹100 crore to aid the relief initiatives led by PM CARES Fund and other State governments in their battle against the COVID-19 crisis.
(2022). 9781009188289, Cambridge University Press. .

During the second wave of COVID-19 pandemic in Karnataka in 2021, JSW Group established a temporary 1,000-bed COVID-19 hospital in , located near its township. Also, the company installed a dedicated 5 km-long oxygen supply pipeline from its Vijayanagar steel plant to directly serve patients at the new hospital under construction. In a related effort, the group repurposed its multi-speciality Jindal Sanjeevani Hospital near Dolvi unit in Maharashtra to function as a COVID-19 treatment facility.

Scholarships
Udaan scholarships
The JSW Udaan Scholarships supports students from economically weaker sections of India in paying university tuition fees. Eligible candidates from families earning below lakhs annually can receive up to , which is directly deposited into their bank accounts.

Gallery
External links

Further reading

: , , , , , , ,
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