Mr. Sandeep Jajodia
(Chairman & Managing Director)
The self-motivated, young and dynamic visionary, Mr. Sandeep Jajodia is a man of strong judgment and deep insight, who has concertedly led Monnet Group’s emergence into a formidable corporate entity shining bright on the Indian economic horizon. With his committed focus and dedicated passion, Mr. Jajodia has steered the Group’s evolution as the second largest coal-based sponge iron producer and also the first private sector company to operate the single largest underground coal mine in India.
Mr. Jajodia’s clear business philosophy of building cost efficiencies into all business operations through backward and forward process integration and his profound and holistic knowledge of all aspects of the business have led to the exemplary growth and progress of Monnet over the years. Expansion of business through focused investments of US$ 2 billion for setting up a 1.5 Million Tonne Per Annum integrated steel manufacturing facility at Raigarh and a pit head thermal power plant of 1050 MW in Angul, Odisha, are some of the key initiatives that have led to the emergence of Monnet as a fully integrated steel player, having business operations in manufacturing of sponge iron, pig iron, Ferro-alloys, steel manufacturing and power generation for both captive use and as an Independent Power Producer (IPP). The acquisition of the Indonesian Coal Company - PT SarwaSembadaKaryaBumi, in the Jambi province of Sumatra, Indonesia, gives Monnet access to good quality coal, heralding the company’s focused approach to pursue opportunities around the globe.
A strong believer in excellence as the benchmark for growth, Mr. Jajodia leads and guides his team of professionals by example. His dynamic leadership and zeal for innovation, combined with his entrepreneurial spirit, encapsulate the vision of the company to be an industry leader, an employer of choice, and to set benchmarks in international excellence.
Another reason behind the Group’s exemplary growth has been Mr. Jajodia’s leadership style. It is a mix of democratic as well as transformational style. He firmly believes that sharing of ideas, discussions and even debates among colleagues inculcates a sense of involvement, the lack of which often leads to the employees not developing a bond with the organization.
On the other hand, while exchange of views is important, he believes that there are times when the people working with him are in need of guidance and inspiration. It is at those times that he switches to the transformational style and redirects their thinking to issues that require immediate consideration. Along his journey of excellence, Mr. Sandeep Jajodia has been conferred with coveted positions of Vice President of ASSOCHAM and Chairman of other renowned bodies like Assocham National Council on Social Inclusion and Affirmative Action, prior to which he also served as Chairman of Sponge Iron Manufacturers Association (SIMA).
Mr. Jajodia’s strong and passionate commitment to societal good has led to Monnet playing a vital role in extending meaningful contribution for the betterment of society. He draws inspiration from a quote by Mother Teresa that says, “A life not lived for others is not a life”. It is this belief that propelled the Group to set up the Monnet Foundation which is committed to the cause of empowering communities through its S.H.E programs viz. Sustainable Livelihood (S), Health (H) and Education (E).
Mr. Jajodia, who is a keen music and sports buff, is continually striving to fulfill his dream of having India recognized as a sporting nation as against just a cricketing nation. Monnet Sports Foundation (MSF), set up under his headship by Monnet Ispat & Energy Limited (MIEL), is the first step towards the translation of his dream into reality. Inspired by Mr. Jajodia’s vision, MSF has proudly associated with Boxing by becoming the only official sponsors of the Indian Boxing Team. This sport, which is closely linked with the Group’s business attributes of power, strength, agility and endurance, holds immense potential to earn great laurels for the nation.
In Mr. Jajodia’s visionary leadership lies the roadmap of Monnet’s future, as also the growth charter of the people whose lives he continues to touch in many small and big ways.
Mr. Sandeep Jajodia
(Exec. Vice Chairman & MD)
Mr. Sandeep Jajodia holds rich experience in diversified activities such as manufacturing, trading & international marketing and has been associated with the Monnet Group since its inception as a promoter, mentor, visionary and a strategist. The Monnet Group continues to move from strength to strength under his able leadership.