Seshagiri Rao retires from JSW's board after 24 year tenure of Service

JSW stated that board member and industry veteran Seshagiri Rao had resigned. After 24 years of service, the former joint Managing Director resigned from his job. Rao will continue to lead the organization's finances as its CFO. The announcement stated that Rao, who served as the company's joint managing director and group chief financial officer, ceased to be a full-time director as of April 6, 2023, upon the conclusion of his tenure as determined by the company's shareholders.

Since his 1997 appointment as Chief Financial Officer, he has actively contributed to JSW Group's growth strategy. In 1997, Rao joined the JSW Group as the organization's Chief Financial Officer. Eventually, on April 6, 1999, he was chosen to join JSW's board.

Seshagiri Rao served as JSW Steel's joint managing director and group chief financial officer. She was in charge of the company's overall operations, including the formulation of strategies for new business development, business expansion, joint ventures, mergers and acquisitions, and cost management.

He has extensive expertise in the steel industry as well as corporate finance and banking that spans more than three decades. Since his 1997 appointment as Chief Financial Officer, he has actively participated in JSW Group expansion strategy. He has actively participated in every group's strategic decision-making over the years and has advanced with JSW Steel as it assumed increasingly more responsibility. Mr. Rao holds licences from both the Institute of Company Secretaries of India and the Institute of Cost and Works Accountants of India. He also holds a certification in business finance from the Institute of Chartered Financial Analysts of India and is a Certified Associate of the Indian Institute of Bankers.