Where Experience Meets Expertise

He is the eldest son of Shri. Basant Lall Shaw, inheriting his father’s exceptional business acumen. He joined the Iron Foundry Business at a very young age while pursuing his Graduation in Science from Calcutta University.

• As Chairman, he is responsible for overseeing the strategic direction, governance, and overall performance of the Company. He leads the Company’s Board, providing it with a strategic perspective. He plays a pivotal role in fostering the effectiveness of the Board and the Directors, ensuring high standards of Corporate Governance, and ensuring ethical practices and compliance with regulations.
• Under the guidance of his father, he demonstrated unwavering determination and hard work, leading the Company to new heights in the fields of Construction and Engineering castings.
• His leadership has transformed the Company’s foundry business. He spearheaded the Company’s entry into Automotive Castings, which contribute to over 50% of the foundry revenues. His wisdom and foresight guided the establishment of an Automotive Machining Division within the Group as part of a downstream integration initiative. This initiative enabled a substantial increase in business volumes and allowed the group to establish a significant presence in the export market. Today, the Company is recognized as a leading player in the foundry industry, with leadership positions in Construction and Engineering castings and growing steadily towards a majority share in the competitive Automotive castings segment.
• A life-long learner, as he likes to call himself, he always has an eye on the latest technologies in foundries. He is the driving force behind the recent modernization and automation initiatives in the foundries and is actively involved in Research & Development, Innovation, and developing new casting products.
• He also looks after the Mining Business, other business verticals, provides strategic guidance to the overall allocation of financial resources, setting up new projects, and provides strategic guidance to the Company Secretarial, Accounts, Taxation, Critical Litigations, and corporate affairs functions.
• He acts as a spokesperson and key decision-maker for the Foundries sector at large. He actively engages with governmental bodies on industry-related issues.
• He is also actively associated with several social, educational, cultural, and religious organizations. He is the President of Jayaswal Shikshan Samiti, Nagpur, and a member of the Board of Trustees of Balaji Temple of Nagpur.

He is the youngest son of Shri. Basant Lall Shaw. He has inherited his father’s strong business acumen and wisdom. From an early age, he was groomed for a businessman’s life, both at home and in workplaces. He joined the Neco Group at 18 years of age while simultaneously pursuing his Graduation in Commerce from Nagpur University.

• He shares the responsibility, along with his elder brother Mr. Arvind Jayaswal, for overseeing the strategic direction, governance, and overall performance of the Group, the Company’s Board, and focusing on strategic matters. He plays a critical role in fostering the effectiveness of the Board and the Directors. He plays a crucial role in maintaining high standards of Corporate Governance, ensuring ethical practices and compliance with regulations.
• He is a stalwart of the steel industry and commands immense respect across the spectrum. He serves as the face of the Company, has significantly contributed to its growth, and has been instrumental in building and maintaining relationships with Government authorities, regulators, independent directors, auditors, lenders, equity investors, consultants, investment & merchant bankers, suppliers and customers.
• Notably, he is credited with establishing a World-Class Integrated Alloy Steel Plant at Siltara, Raipur.
• With his strategic vision and meticulous execution, coupled with his innate ability to build consensus in the most challenging circumstances, he successfully navigated all the socio-political issues and ensured the commencement of Captive Iron Ore Mines of the Company. The mines are running quite successfully, contributing to the Company’s full self-sufficiency in meeting its iron ore requirements.
• He has been ably heading the Steel Plant Division from its inception. His continuous efforts in flawless project planning, execution, and sustainable operations, coupled with a sharp focus on product quality have been pivotal in the Company’s success.
• He provides strategic guidance and tactical support in the areas of Procurement, Marketing, Finance and Accounts, setting up new projects, Company Secretarial, Accounts, Taxation, Legal, Operations, Quality and Human Resources.
• His extensive experience and unwavering drive for knowledge have ensured that his team is well-versed in the latest advancements in steelmaking technology, as they continuously focus on increasing production capacity and efficiency. He has driven several ESG and CSR initiatives for the Company.
• He actively participates in various social, religious, and cultural organizations, as well as Industry Associations. He actively engages with governmental bodies on industry related matters and demonstrates a keen interest in sports.

He is the son of Shri. Arvind Jayaswal, the Chairman of the Company. He holds a Master’s degree in Commerce from Nagpur University. He has been a part of the Neco Group for over 25 years and currently serves as a Managing Director of NSSL Private Limited and as a Director in various group Companies.

His professional work experience and expertise include:

• Strategic leadership and expansion: He plays a key role in defining growth strategy and diversification, with a strong focus on global expansion across engineering, automotive, homeland security, system integration, arms & ammunition, and defense sectors.
• Technology and machinery selection: He leads the evaluation and selection of advanced technologies and high-precision machinery to enhance operational efficiency and manufacturing capability across group companies.
• Project execution and operations: He has extensive experience in end-to-end project execution and operational management across iron and steel, valve manufacturing, system integration, and defense manufacturing sectors.
• System and process design: He excels in designing and implementing robust operational systems, standardized processes, and scalable manufacturing frameworks.
• Project financing and financial structuring: He plays a pivotal role in structuring of large-scale industrial and defense projects.
• Defense and strategic manufacturing: He is actively involved in developing capabilities in small arms, ammunition, and defense manufacturing, aligned with national security objectives and global standards.
• Business development and partnerships: He drives strategic alliances, technology tie-ups, and collaborations with domestic and international partners to strengthen the competitive position of the Neco Group Companies.
• Governance and group oversight: As Managing Director of NSSL Private Limited and Director in various group companies, he provides strategic oversight, operational direction, and governance leadership.

He is the son of Shri. Ramesh Jayaswal, the Managing Director of the Company. He holds a Bachelor in Business Administration (Finance) from Eastern Michigan University. He has been working with the Company for over 15 years.

His professional work experience in the Company and expertise include:

• Strategic planning: He plays a key role in strategic planning and has a proven ability to identify and adopt new concepts and technologies to drive business growth.
• Business management: He has introduced the most modern business management ideas to the Company.
• Digital transformation: He has led the Company’s massive digital transformation initiative, driving innovation and new business models.
• Project management and execution: He has extensive experience in project management and execution, human resources, information technology, procurement, and marketing.
• Integrated Steel Plant operations: He takes keen interest in the daily operations of the Company’s Integrated Steel Plant at Raipur and is involved in its expansion and modernization.
• Financial management: He is deeply involved in the Company’s financial functioning, negotiation, and engagement with stakeholders.
• Safety and quality: He has placed a strong emphasis on safety and quality in processes and has driven the Company’s facilities towards Total Productivity Management (TPM) implementation.
• Employee-centric policies: He has pioneered various employee-centric policies and standards to enhance employee efficiency and results.
• Corporate social responsibility: He has taken several initiatives during the COVID-19 pandemic to provide comprehensive support to employees, workers, and the community by implementing various Corporate Social Responsibility initiatives.

He graduated in Metallurgical Engineering from Government Engineering College (now NIT) Raipur in 1991. With over 32 years of experience in the steel industry, he has made significant contributions to the sector.

• He began his professional journey in 1992 as a Quality Control Engineer at Bhilai Wires Limited. Then, he worked at Midwest Iron & Steel Ltd.
• He joined the Company in 1995. He started his journey in the Company as a Senior Engineer (Operations) in the Blast Furnace department, eventually rising to the position of Executive Director (SPD) on November 13, 2023. He is the only executive in the company’s history to have progressed from the lowest executive level to highest level.
• During his tenure in the Company, he has contributed immensely to the Blast Furnace operations at different levels from 1995 to 2006. He implemented numerous initiatives to enhance productivity, reduce fuel rates, and increase pig iron yield.
• From 2005 to 2008, he served as the Head of the Iron Zone, overseeing the Blast Furnace, Sinter, Coke Oven, and Sponge Iron plants, while also managing Iron Ore procurement. Under his leadership, the company achieved highest productivity in the Blast Furnace and maximized campaign life of the Sponge Iron plants.
• He also successfully reduced cost of Iron Ore procurement while maintaining quality standards. Notably, he introduced the concept of efficient Iron Ore utilization across the Sinter, Sponge Iron, and Blast Furnace plants.
• In addition, in the years 2007 to 2008, he was associated with overseeing the Sinter Plant 2 project activities.
• From 2009 to 2014, he served as the President (HRM), where he played a pivotal role in streamlining Human Resource systems, including the Performance Management System, and introduced various HR Policies.
• From 2010 to 2015, he also managed Coal Mine operations as President (HRM & Coal Mines), achieving peak production levels during this period.
• In 2014, he assumed responsibility for Metal Mines, first as President (Mines) and later as Associate Director (Mines). After taking charge in April 2014, he oversaw the first truck of Iron Ore reaching the Company’s plant in January 2015, eventually achieving maximum production capacity of 1 MTPA by 2017-18.
• Furthermore, the Chhotedongar Iron Ore mines commenced operations in 2020, ensuring that by 2023, the Company became self-sufficient in Iron Ore supply. Under his leadership, mining operations were successfully started at both mines, even though the areas were severely affected by the law-and-order situation. The resumption of these operations marked a significant turnaround for the Company.
• He also played a significant role in the revamp of the Company’s Blast Furnace by overseeing a major capital repair cum upgradation in 2024, which was completed in a remarkable time of just 78 days.
• Throughout his career, he has been instrumental in driving growth and success of the Company, contributing significantly to its operational excellence and sustainability.

He is a highly accomplished Practicing Chartered Accountant, with a remarkable career spanning five decades, and has amassed extensive expertise in the areas of Accounts, Audits, Taxation, and Finance. Currently, he is a partner in M/s. Salpuria & Partners, Practicing Chartered Accountant, Delhi.

• Additionally, he possesses a wealth of experience as a Board Member of various companies, including major listed companies of Central India.
• He has gained expertise and recognition for his invaluable contributions.
• He has been associated with the Company since 2018 as an Independent Director and has been a part of all the major Committees of the Company. His deep understanding of Corporate Laws, expertise, and experience in Audit and Taxation has immensely benefited the Company.
• His expertise, experience, and guidance have immensely benefited the Company.

He is a former CEO of Rourkela Steel Plant (RSP), a Unit of Steel Authority of India Limited. He is a graduate in Metallurgy and a Gold Medalist of IIT Roorkee, batch of 1979.

• He has over thirty-nine years of multifaceted experience in the steel industry, with core competency in steel making. He has worked with two major Indian Integrated Steel Plants, including Board-level experience with Steel Authority of India Limited (SAIL) as CEO of Rourkela Steel Plant (RSP), where he led a 4.5 MT Hot Metal Capacity plant with an annual turnover of around Rs. 14,500 Crore and a workforce of around 14,000 regular employees.
• During his association with RSP, he contributed towards various improvements through a focus on cost reduction, operational stability, product and market development, etc. He also restructured all administrative and functional areas and implemented system improvements to empower people and give them more operational freedom. He was also actively involved in various CSR activities.
• He has over nine years of experience at a higher management level, with deep insight into various nuances of a manufacturing industry, including operation, maintenance, projects, marketing, finances, procurement, personnel functions, contracts, business planning, quality, and assurance, etc.
• He is a positive, dynamic, and result-oriented leader, known for his managerial, administrative, and technical acumen.
• His technical expertise, experience, and guidance have immensely benefited the Company.

She holds a bachelor’s degree in commerce from Calcutta University and is a Fellow member of the Institute of Company Secretaries of India. She has over two decades of rich experience in the field of Corporate Laws and SEBI Laws.

• She started her career in 2002 as Company Secretary of M/s. Heritage Health Pvt. Ltd. (now known as Heritage Health Knowledge Services TPA Pvt. Ltd.), one of the leading Third-Party Insurance Agents.
• Since 2004, she has been in Whole-time Practice as a Company Secretary in Kolkata, under the name M. Rathi & Co., Practicing Company Secretaries.
• Presently, she is also a Partner of SAMPARK & Co., a partnership firm of Company Secretaries having Pan India presence.
• Her core areas of practice include Corporate Laws & SEBI laws, Merger & Amalgamations, Corporate Restructuring, and Appearance before Government authorities, viz; the Company Law Board, National Company Law Tribunal, Registrar of Companies, Regional Director, Stock Exchanges, Income Tax for Listed Companies, Public Limited & Private Companies, and NGOs across sectors such as Real Estate, Construction, Trading, Clearing & Forwarding, Manufacturing, Financial & Insurance services, etc.
• Her expertise, experience, and guidance have immensely benefited the Company.

He is a Fellow Chartered Accountant and holds Post Graduation, M.Com degree in Economics & Commerce. He is also undertaking Research as a PhD Student in the area of Urban Sector Reforms. He has a standing Professional Qualification and professional experience of over 35 years.

• He was the Founder Chairman & Managing Director of Artefact Projects Limited, the country’s leading Infrastructure Project Management Company, from 1994 till 2015.
• He has over 35 years of professional experience and expertise in Project Management of Infrastructure Projects, Financial Advisory, PPP structure Projects, State Infrastructure Development policy formulation, Urban Local Bodies reforms, Project Feasibility and Viability Analysis, finalizing the BOT Policy, Institutional support, Project Analysis, Transport Economics, Capital Markets, Contract and Legal Management.
• He has been a member and Chairman of key Committees on the Company’s Board.
• His expertise, experience, and guidance have immensely benefited the Company.

He has completed Master’s in Commerce from the University of Delhi and CAIIB from the Indian Institute of Banking & Finance. He has about four decades of experience in key banking areas.

• He has an unblemished service record of 38 years, having specialized in Corporate Credit, Recovery, Retail Lending, Treasury Operations, International Banking Business, Agriculture, Financial Inclusion, etc.
• He started his career with Punjab National Bank (PNB) and held various positions, including the position of Treasury Head from 2013 to 2015. During his tenure, PNB achieved its then highest-ever trading profit till March 2015.
• From January 2016 to July 2018, he worked as the Executive Director of Union Bank of India, overseeing Treasury, International Banking, Recovery, Retail Lending, and Financial Inclusion, etc.
• At Union Bank, he took several initiatives to improve recovery, business growth under different verticals, Light Commercial Vehicles finance, introduction of cluster schemes, etc., leading to tremendous success for the Bank during his tenure.
• Various positions held by him include:
  • Associate Director on the Board of Union Asset Management Co.
  • Nominee Director on the Boards of Principal Trustee Co. & PNB Insurance Broking
  • Board Member of India Factoring Services P. Ltd.
  • Member of the Core Management Team for the formation of Bhartiya Mahila Bank
  • Member of the Committee formed by SEBI to oversee the working of the Board of MCX-SX
  • Member of the Committee on Tier I Perpetual Bonds under BASEL III norms, formed by the Department of Financial Services, Government of India
• He has also contributed as a Resource Person on policy issues involving macro & micro factors of the economy in various committees and conferences.
• He regularly conducts workshops and events, both within & outside offices, to boost motivation levels, update knowledge, and develop strong teams.
• His expertise, experience, and guidance have immensely benefited the Company.

He has been associated with the Company since 15th May, 2004. He is a Fellow Chartered Accountant, has done his Bachelors in Commerce & Diploma in Information and Systems Audit from the Institute of Chartered Accountants of India.

He has 25 years of post-qualification working experience, his work expertise includes:

• Corporate Finance, Projects Finance, Preparation of Projects & Business Techno Economic Feasibility Reports, Lenders Engineer Reports, End Use Certification, Working Capital Finances, Treasury Management, Corporate Structuring, Debt Assignment, Settlement, Debt Restructuring, Trade Finance, Structured Finance, drafting, negotiation and finalization of Loan Documentation, Security Creation, drafting, negotiations and finalization of Shareholders Agreements, Monitoring, Debt servicing & ensuring contractual Compliances.
• Devise financial strategies, tactics and plan of actions, Detailed Financial Modelling, Capital Budgeting, Funds and Cash Flows, Appraisal, Forecast Plans & Actuals with Variances.
• Handling Relationship with Different Stakeholders viz. Lenders, Investors, Directors, Auditors, Investment Bankers, Merchant Bankers, Financial, Cost, Tax, ESG, Legal & other Consultants, Rating Agencies, Regulators.
• Handling Lenders Credit, Legal, Stock & Receivables, Concurrent & Forensic Audits, Company Statutory Audits & Reviews, Finalization of Accounts, Notes and other Disclosures, Management Representations, Audit of Internal Financial Controls, Audit of Information Technology General Controls.
• Board, Committees & Lenders Presentations, giving inputs for Board and Committees Agendas to the Secretarial team and MD and CEO, appraisal and approval of agenda items with stakeholders.
• Seeking Legal, Corporate and Tax Opinions on various Complex matters.
• Dealing with M&A Schemes and related gamut of Activities, Fixed Assets, Business & Equity Valuation, Asset Sale, Swap Ratios, Fairness Opinion Certification, Equity Placement.
• Actively facilitate Legal team in materially important civil and criminal Litigations, Arbitral Awards appraisals and explanations to Stakeholders.
• Relationship, Appraisal and Reporting of Business Responsibility and Sustainability Reporting (BRSR), development of concept, design and contents for finalising Annual Reports & Website, finalising Press Releases, collaborate with Secretarial team in finalizing Directors Report & ROC, SEBI, Stock Exchanges inquiry and investigations, facilitate in Competition Commission Approvals, draft and finalize Risk Management Policy, Plan & Action Taken Reports, facilitate in strengthening Internal Controls.
• Handle Financial, Corporate & Legal, Cost, Tax, Technical, ESG Due diligences, Business and Equity Analysis and Research Reports.
• Handling Management Information Systems, Periodic Customers Risk Assessment and related activities, peers’ financial results analysis, periodic Regulatory and Industry Associations Business, Outlook Survey, Forecasts, reporting of actuals and giving inputs for Industry Representations.

He is a Member of the Institute of Company Secretaries of India and holds a bachelor’s degree in commerce and laws from Kanpur University. He has more than 20 years of rich experience in corporate law matters.

• His diverse expertise encompasses the areas of Legal, Secretarial, Compliance, Audits, Due Diligence, Contract Management, Risk Management, Intellectual Proprietary Rights (IPR), and Training. He has worked with companies of international repute, including: JTEKT India Group (Japanese multinational group company), Singer India Limited, NGK Spark Plugs (India) Private Limited, Crew B.O.S. Products Limited
• He is currently playing a pivotal role in driving the company’s governance excellence, contributing significantly to its mission of achieving sustainable growth and improving its medium to long-term corporate value.