Leadership Transition at Jindal Steel as CEO Malhotra Exits
Jindal Steel’s top executive steps down less than two years after taking charge, as the company navigates expansion plans, margin pressures and a challenging global steel market.
Topics
News
- Leadership Transition at Jindal Steel as CEO Malhotra Exits
- HDFC Bank Defends Governance After Chakraborty Exit
- Meta Removes AI Image Feature After Instagram Privacy Backlash
- Nadella warns of AI’s Reverse Information Paradox
- TCS Expands AI Push With Client-Facing Engineers
- Apple OpenAI Fight Signals AI’s Hardware Shift
Jindal Steel Ltd’s Chief Executive Officer (CEO) Gautam Malhotra resigned from the company, marking a senior leadership change at the steelmaker as it continues to focus on growth, operational expansion and improving profitability.
Malhotra will cease to be in the company’s services at the close of business hours on 15 July, Jindal Steel said in a regulatory filing. The company did not disclose the reason for his resignation or name a successor.
Shares of Jindal Steel fell as much as 1.6% to ₹1,035.05 during Monday’s trading session.
The resignation comes less than two years after Malhotra took over as CEO.
He had joined the company in May 2024 and was appointed chief executive as part of Jindal Steel’s effort to strengthen its commercial operations, supply chain, technology adoption and growth strategy.
During his tenure, Malhotra worked across areas including mining, production, logistics, sales, human resources and technology, according to company disclosures. He brought experience across operations, strategy, finance and mergers and acquisitions.
Jindal Steel did not indicate whether the resignation was linked to any strategic shift or management restructuring. The company’s board has not announced an interim arrangement or replacement.
The leadership change comes as the steel industry faces a challenging environment marked by volatile raw material prices, global oversupply concerns and pressure on margins. Indian steelmakers have also been navigating uneven domestic demand and changing global trade conditions.
Jindal Steel, formerly known as Jindal Steel and Power, is the flagship company of the Jindal Group with operations spanning steel, power, mining and infrastructure.
The company reported a consolidated net profit of ₹1,044.75 crore in the fourth quarter of fiscal 2026, compared with a loss in the year-earlier period. Revenue from operations rose 23% year-on-year to ₹16,217.93 crore during the quarter.
Malhotra’s exit follows other senior management changes at the company. Jindal Steel had earlier announced the resignation of Pankaj Malhan, head of sales and marketing, effective 30 June.
