Read the screenplay: FANNIEGATE — $7 trillion. 17 years. The biggest fraud in American capital markets.
#66
#66

Savitri Jindal

India

Net Worth

$18B

Source of Wealth

Jindal Group

Global Rank

#66 of 100

About Savitri Jindal

Savitri Jindal is the chairperson of the Jindal Group, one of India's largest industrial conglomerates, and one of the wealthiest women in Asia. Born in 1950 in Assam, India, she assumed leadership of the Jindal Group following the tragic death of her husband, Om Prakash Jindal, in a helicopter crash in 2005. Under her stewardship, the group has not only survived but thrived, growing into a global industrial powerhouse with major operations in steel, power generation, cement, and infrastructure.

The Jindal Group, originally founded by Om Prakash Jindal in 1952, has become one of India's most important industrial contributors. The conglomerate includes four publicly listed companies — JSW Steel, Jindal Steel and Power, JSW Energy, and JSW Holdings — collectively representing one of the largest private sector steel and energy portfolios in India. JSW Steel, under the leadership of her son Sajjan Jindal, has grown to become India's largest private sector steel manufacturer, with production capacity exceeding 28 million tonnes per annum.

Savitri Jindal's leadership style combines traditional Indian family values with modern corporate governance. She has maintained unity among her four sons, each of whom manages a different arm of the Jindal empire, ensuring that the family's collective strength exceeds what any individual could achieve alone. Her role as the matriarch who holds together one of India's great industrial families while guiding a multi-billion-dollar enterprise has earned her immense respect in Indian business circles.

Key Achievements

Steward of a Great Indian Industrial Empire

Successfully led the Jindal Group through the transition following her husband's death, maintaining unity and guiding the conglomerate to unprecedented growth across steel, power, and infrastructure.

India's Largest Private Steel Portfolio

Under her oversight, the Jindal Group companies collectively became one of India's largest private sector steel producers, with JSW Steel alone exceeding 28 million tonnes of annual capacity.

Major Contributor to India's Infrastructure

The Jindal Group's steel, power, and cement operations have been instrumental in building India's modern infrastructure, from highways and bridges to power plants and urban development.

Preserved Family Unity and Business Cohesion

Maintained cooperation among her four sons, each leading a different division of the Jindal empire, creating a model of family business governance that many Indian conglomerates aspire to emulate.

Notable Quotes

My husband built this group with his vision and hard work. My duty is to keep the family united and ensure that his legacy continues to grow for the benefit of all.

Savitri Jindal

Steel is the backbone of a nation's development. India's growth story cannot be written without the steel industry.

Savitri Jindal

Key Decisions

2005

Assumed chairpersonship of the Jindal Group after the death of her husband Om Prakash Jindal, providing leadership continuity during a period of immense uncertainty for the family business.

2006

Organized the division of the Jindal Group among her four sons, ensuring each had a clear area of responsibility while maintaining the family's collective strength and strategic cooperation.

2010s

Oversaw massive capacity expansions across the Jindal Group, with JSW Steel growing to become India's largest private steel producer and JSW Energy expanding its power generation portfolio.

2020s

Supported the group's investments in green steel and renewable energy, positioning the Jindal companies at the forefront of India's sustainable industrial development.

Explore More

See how Glen Bradford applies these principles to his own investing. Long Fannie Mae & Freddie Mac junior preferred — and not going anywhere.