06-Jan-2024
by Er. Deepak Maurya

Savitri Jindal: The Richest Woman in India and a Powerful Politician.

Savitri Jindal is an Indian businesswoman and politician who is the chairperson emerita of O.P. Jindal Group, a conglomerate of steel, power, cement, and infrastructure companies. She is also the president of Maharaja Agrasen Medical College, Agroha. According to Forbes, she is the richest woman in India and the fifth-wealthiest person in the country, with a net worth of $28.4 billion as of January 2024 ¹

Quick Information

Full Name: Savitri Devi Jindal
Date of Birth: 20 March 1940
Age: 83 years
Birthplace: Tinsukia, Assam, India
Nationality: Indian
Religion: Hinduism
Education: Diploma
Marital Status: Widowed
Spouse: Om Prakash Jindal (m. 1970; d. 2005)
Children: 9 (4 sons and 5 daughters)
Political Party: Indian National Congress
Source of Wealth: Steel
Residence: Hisar, Haryana, India
Net worth: $28.4 billion (as of january 2024)

Early Life and Education

Savitri Jindal was born in Tinsukia, Assam, in a Hindu Marwari family. She married Om Prakash Jindal, an engineer and entrepreneur, in 1970, when she was 20 years old. She moved to Hisar, Haryana, with her husband and started a family. She has nine children, four sons and five daughters, who are all involved in the family business. She completed her diploma in education and devoted herself to social work and philanthropy. She also supported her husband’s political career, as he was a member of the Haryana Vidhan Sabha (Legislative Assembly) and a minister in the state government ² ³

Net Worth and Business Empire

Savitri Jindal became the chairperson of O.P. Jindal Group in 2005, after her husband died in a helicopter crash. The group, which was founded by her husband in 1952, is one of the largest and most diversified industrial conglomerates in India, with interests in steel, power, mining, oil and gas, ports, airports, cement, and infrastructure. The group has a revenue of over $15 billion and employs more than 50,000 people ⁴

Savitri Jindal divided the group’s companies among her four sons, who now run them independently. Her eldest son, Prithviraj Jindal, is the chairman of Jindal SAW, a manufacturer of pipes and tubes. Her second son, Sajjan Jindal, is the chairman and managing director of JSW Group, which includes JSW Steel, JSW Energy, JSW Infrastructure, and JSW Cement. Her third son, Ratan Jindal, is the chairman and managing director of Jindal Stainless, a producer of stainless steel. Her youngest son, Naveen Jindal, is the chairman of Jindal Steel and Power, a producer of steel and electricity ⁵

Savitri Jindal also has a stake in JSW Group, which is the most valuable and profitable among the group’s companies. JSW Steel is the third-largest steel producer in India and the 13th-largest in the world. JSW Energy is the fourth-largest private power producer in India. JSW Infrastructure is the largest private port operator in India. JSW Cement is the fastest-growing cement company in India ⁶

Savitri Jindal’s net worth has increased significantly in the past few years, thanks to the strong performance of JSW Group and the recovery of the steel sector. She also benefited from the listing of JSW Infrastructure in September 2023, which raised $1.2 billion in India’s largest IPO of the year ⁷ As of January 2024, her net worth is estimated at $28.4 billion, making her the richest woman in India and the fifth-wealthiest person in the country. She is also the 58th-richest person in the world and the seventh-richest mother in the world ¹

Family and Sons

Savitri Jindal has a large and influential family, with nine children and several grandchildren. Her four sons, Prithviraj, Sajjan, Ratan, and Naveen, are prominent industrialists and leaders of their respective divisions of the Jindal Group. Prithviraj is the chairman of Jindal Saw, a manufacturer of pipes and tubes. Sajjan is the chairman and managing director of JSW Group, which includes JSW Steel, JSW Energy, JSW Infrastructure, and JSW Cement. Ratan is the chairman and managing director of Jindal Stainless, a producer of stainless steel. Naveen is the chairman of Jindal Steel and Power, a producer of steel, power, and mining products. He is also a former member of parliament from the Kurukshetra constituency in Haryana ⁷ ⁸

Savitri Jindal’s five daughters are Saroj Bhartia, Nirmala Goel, Urmila Bhuwalka, Sarika Jhunjhunwala, and Seema Jajodia. They are married to businessmen from different industries, such as textiles, chemicals, and pharmaceuticals. Savitri Jindal’s grandchildren are also involved in various businesses and social causes. For example, Parth Jindal, the son of Sajjan and Sangita Jindal, is the managing director of JSW Cement and the director of JSW Sports. He is also the owner of Bengaluru FC, a football club, and Delhi Capitals, a cricket team ⁹ ¹⁰

Political Career and Social Work

Savitri Jindal entered politics in 2005, after the death of her husband, who was a minister in the Haryana government and a member of the Haryana Vidhan Sabha from Hisar constituency. She contested and won the by-election from the same constituency and became a member of the Indian National Congress. She was re-elected in 2009 and became a cabinet minister in the Haryana government in 2013. She held various portfolios, such as revenue and disaster management, urban local bodies, housing, and power. She lost the seat in the 2014 assembly elections and has not contested since then ¹⁰

Savitri Jindal is also involved in various social and philanthropic activities, especially in the fields of education, health, and women empowerment. She is the president of Maharaja Agrasen Medical College, Agroha, a charitable institution that provides medical education and healthcare services to the rural population. She is also the patron of O.P. Jindal Global University, a private university that offers courses in law, business, international affairs, and public policy. She also supports various NGOs and trusts that work for the welfare of the underprivileged and the marginalized sections of society. She has received several awards and honors for her contributions to society, such as the Acharya Tulsi Kartritva Puraskar in 2008 and the Bharat Gaurav Award in 2010 ¹¹ ¹²

Conclusion

Savitri Jindal is a remarkable woman who has achieved success in both business and politics. She is the chairperson emerita of O.P. Jindal Group, one of the largest and most diversified industrial conglomerates in India. She is also the richest woman in India and the fifth-wealthiest person in the country, with a net worth of $28.4 billion. She is also a former cabinet minister in the Haryana government and a member of the Indian National Congress. She is also a devoted mother, grandmother, and great-grandmother, who loves and supports her family. She is also a generous and compassionate philanthropist, who works for the betterment of society. She is an inspiration and a role model for many women and young entrepreneurs in India and around the world.

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