The saying “If you want to be a great leader, you must first become a great follower” applies aptly to Saket Jindal, the young, dynamic Managing Director of Maharashtra Seamless Ltd (MSL), India’s premier Seamless and Welded pipe conglomerate and the flagship company of the 1 billion Dollar D P Jindal Group. Attributing his success to his father Mr. D.P. Jindal and his grandfather, the legendary late Sh. B.C. Jindal whom he considers as his role models and true inspiration, Saket is carrying forward their vision and legacy to take MSL to the very top in the Pipe industry in India and at international levels.
Saket, an alumnus of St. Xavier’s School, New Delhi and the prestigious Boston University in the United States has brought about a new world perspective to the organization and under his stewardship since 1995 the company has surpassed all records and witnessed a 15 fold jump by achieving a record turnover of Rupees 1570 Crores. Set up in 1988 under the visionary leadership of Mr. D.P. Jindal, the chairman of the DP Jindal group, MSL under Saket Jindal’s leadership has marched on to become India’s largest Seamless pipe producer and exporter with a capacity of more than half a million tonnes in addition to the quarter million tons of welded pipes it is producing at its plant at Nagothane near Mumbai. MSL has also set up the country’s first integrated plant to produce Drill pipes, Subsea corrosion resistance pipes and higher wall thickness pipes for use in oil and gas exploration and super critical power plants. In addition MSL has set up a pipe coating plant for the internal and external coating of pipes, a requirement that is gradually becoming the norm of the industry nowadays. The company has consistently undergone expansion & routinely upgraded to the latest technological advancements to keep ahead of the curve.
Endowed with astute business skills and hands on grasp of the ever changing market requirements, Saket Jindal has made MSL a top of the mind recall brand image for excellence in quality, delivery and customer satisfaction. MSL products today find application across diverse sectors such as Oil & Gas, Hydrocarbons, Power, Fertilizer, Chemicals, Infrastructure, Railways and Defense with reputed clients such as ONGC, OIL INDIA, HPCL, BPCL, Reliance, Cairn Energy, GAIL, Thermax, NTPC, L&T, and Indian Railways to name just a few. Internationally too, MSL is exporting large volumes across the globe to the USA, Canada, Mexico, Latin America, Europe and Africa and is on the approved list of suppliers of prestigious oil & gas companies like Shell, Exxon Mobil, British Petroleum, Kuwait Oil Company, Petrobras, Ecopetrol, Conoco Phillips, PDO Oman, POGC amongst others. Under his leadership, MSL recently bagged a prestigious order of about US$ 115 million from ONGC for the supply of seamless casing, tubing and line pipes for their Oil & Gas exploration activities against international competition. Saket Jindal was also instrumental in taking up the cause of the domestic pipe industry with the Government in India which led to the imposition of anti-dumping duties in India on Chinese seamless pipe imports greatly helping the domestic industry to get back its rightful share in India’s market.
As a true business leader with an insight into the future, Saket has also brought about diversification in MSL’s business portfolio. A revolutionary step in this direction was of the company entering into the renewable energy sector. From 7 MW wind power generation in 2001, the company has increased its capacity to 33 MW by setting up few more solar plants at other areas. To further augment in this direction, MSL has plans to establish 2 new solar plants at Beed, Aurangabad with a capacity of 15 MW besides setting up a 1.5 MW roof top solar power plant at Nagothane for captive use and work on both these projects will start very soon. Not restricting itself to diversifications within India alone, MSL moved into the international arena with the acquisition of a stake in an iron ore mine in Amapa, Brazil.
On the personal front, Saket comes across as somebody who is humble and endearing who after work loves to spend quite times with the family and children. “My strong family foundations taught me to stay simple but dream big” says the scion of the illustrious Jindal family and considers his wife and daughters as his greatest strength. Ever modest that he is, Saket Jindal credits his success to his dedicated work force of more than 2000 employees and the strong network of channel partners thought out the country and abroad.
Nearly seventy years ago, my grandfather embarked on a journey. That first step inspired a saga that has seen the inception of the tubes and pipes industry in India. It has also led three generations of Jindal’s to contribute towards building their country and taking on the challenges of creating globally competitive brands.
Twenty-five years ago, one such brand- Maharashtra Seamless Limited – was launched. Many members of the dedicated team who got together to form this company are still associated with it in some manner or the other. New members joined as time went by and together, united by their spirit of enterprise and relentless toil, they have quietly built a success story that is remarkable in both its modesty and its formidable span of achievements.
Today, I salute Team MSL and the pioneering efforts of its member with the launch of “25X7: a seamless journey”. This book celebrates the achievements of the Maharashtra Seamless family and pays tribute to their indomitable spirit, their hardy determination and undaunted courage.
The employees joined hearts and minds in creating a company that is today one the country’s market leaders in its industry an a prime member of the D. P. Jindal Group.
Team MSL to dare to dream big to boldly attempt to do what has never been done and have the faith and confidence.