Savitri Jindal, the matriarch of the Jindal family, is one of India’s wealthiest women and a key figure in the Indian steel industry. As the Chairperson Emeritus of the OP Jindal Group, Savitri Jindal’s leadership and influence have played a pivotal role in the expansion of the family business into a global conglomerate. In 2024, her net worth continues to reflect her stature as one of India’s most successful businesswomen.
This article explores Savitri Jindal’s net worth in rupees in 2024, the sources of her wealth, her contributions to the steel and energy industries, and her role as a philanthropist and political leader.
Savitri Jindal’s Net Worth in 2024
As of 2024, Savitri Jindal’s net worth is estimated to be approximately ₹1.7 lakh crore, placing her among the richest individuals in India and the world. Her wealth is primarily derived from her family’s business empire, the OP Jindal Group, which operates in industries such as steel, power, cement, and infrastructure.
Jindal’s fortune has grown significantly over the years, thanks to the company’s consistent performance in core sectors, particularly steel manufacturing, which remains a crucial driver of India’s industrial economy.
The OP Jindal Group: A Family Legacy
The OP Jindal Group was founded by Savitri Jindal’s late husband, Om Prakash Jindal, in 1952. Under his leadership, the group became one of India’s largest conglomerates, with a focus on steel production and power generation. After his passing in 2005, Savitri Jindal took on the responsibility of overseeing the family business, ensuring its continued growth and success.
1. Steel Manufacturing: The Core of Jindal’s Wealth
Steel production is at the heart of the Jindal empire. The OP Jindal Group is one of the largest steel manufacturers in India, and its subsidiaries, such as Jindal Steel and Power Limited (JSPL) and Jindal Stainless, are industry leaders. The group’s steel plants produce a wide range of products, including pipes, plates, and hot-rolled coils, which are essential to infrastructure development across the country.
Savitri Jindal’s leadership has helped maintain the company’s dominance in the steel industry, contributing significantly to her wealth. The rising demand for steel in both domestic and international markets has further boosted the company’s revenue in 2024.
2. Power and Energy
In addition to steel, the Jindal Group has a strong presence in the power and energy sector. Jindal Power, one of the group’s subsidiaries, is involved in coal-based and renewable energy projects. The company’s energy division has become a key player in India’s power generation landscape, contributing to Savitri Jindal’s growing fortune.
3. Diversification
The Jindal Group has diversified its business interests over the years, expanding into industries such as infrastructure, mining, and cement. This diversification has not only strengthened the group’s overall portfolio but also provided stability during economic fluctuations, ensuring a steady increase in Savitri Jindal’s net worth.
The Jindal Family’s Business Leadership
Savitri Jindal is supported by her children, who manage different divisions of the OP Jindal Group. Each of her four sons—Naveen Jindal, Sajjan Jindal, Ratan Jindal, and Prithviraj Jindal—plays a crucial role in the company’s operations.
1. Naveen Jindal
Naveen Jindal leads Jindal Steel and Power Limited (JSPL), which focuses on steel manufacturing, power generation, and mining. Under his leadership, JSPL has grown into one of India’s most respected companies in the steel sector.
2. Sajjan Jindal
Sajjan Jindal heads JSW Group, which operates in industries such as steel, energy, infrastructure, and cement. The JSW Steel division is one of the largest steel producers in India, and Sajjan Jindal’s strategic vision has been instrumental in its success.
3. Ratan Jindal and Prithviraj Jindal
Ratan Jindal oversees Jindal Stainless, while Prithviraj Jindal manages other key businesses within the group. Together, the Jindal family continues to drive the company’s expansion, solidifying their place as one of India’s most influential business dynasties.
Philanthropy and Social Responsibility
Savitri Jindal is not only known for her business acumen but also for her commitment to philanthropy and social causes. Through the OP Jindal Foundation, she has spearheaded numerous initiatives aimed at improving education, healthcare, and infrastructure in rural and underserved communities.
1. Education Initiatives
The OP Jindal Foundation has established schools, colleges, and vocational training centers across India, providing quality education to thousands of students. The foundation also offers scholarships to underprivileged students, enabling them to pursue higher education and build better futures.
2. Healthcare
Savitri Jindal has made significant contributions to the healthcare sector, particularly in rural areas. The foundation has set up hospitals and medical camps to offer affordable healthcare services to those in need. The group’s efforts during the COVID-19 pandemic were widely recognized, as they provided medical supplies, oxygen, and financial support to affected communities.
3. Empowering Women
As a female leader in a traditionally male-dominated industry, Savitri Jindal is a strong advocate for women’s empowerment. Through various initiatives, she has promoted gender equality in education, employment, and entrepreneurship, helping women achieve economic independence.
Political Career and Influence
In addition to her business and philanthropic pursuits, Savitri Jindal has been actively involved in politics. She served as a member of the Haryana Legislative Assembly, representing the Hisar constituency. During her political career, she focused on social development and infrastructure projects, working to improve the lives of her constituents.
Her involvement in politics has not only enhanced her public image but also positioned her as a leader who is deeply committed to public service.
The Future of Savitri Jindal’s Wealth
As the Jindal Group continues to expand its business operations and explore new opportunities, Savitri Jindal’s wealth is expected to grow further in the coming years. The group’s focus on renewable energy, infrastructure development, and global expansion will likely ensure sustained revenue growth, boosting her net worth.
Moreover, with her sons taking on leadership roles within the company, the future of the Jindal empire appears secure. The family’s combined expertise and strategic vision will undoubtedly keep the group at the forefront of India’s industrial landscape.
Conclusion
Savitri Jindal’s net worth in 2024, estimated at ₹1.7 lakh crore, is a reflection of her remarkable journey from being the wife of a steel magnate to becoming one of India’s most powerful businesswomen. Her leadership of the OP Jindal Group, coupled with her philanthropic endeavors and political career, has cemented her legacy as a trailblazer in India’s industrial and social sectors.
As the Jindal family continues to grow its business empire, Savitri Jindal’s influence will remain a guiding force, inspiring future generations of entrepreneurs and leaders across India.