Mumbai, Maharashtra, India, July 2025 – Nitesh Sanghi has been appointed as the new Vice President – Banking & Finance at JSW Steel. In his elevated role, Nitesh will be responsible for driving strategic banking partnerships, financial planning, and operational efficiencies for the group’s expansive steel operations across India and abroad.
Nitesh brings over 18 years of deep financial expertise at JSW, where he played a pivotal role in managing working capital assessments, long-term fund-raising strategies, hedging, SAP-based process integration, and import operations exceeding USD 4 billion. In his recent role as General Manager – Banking & Finance, he led multiple high-impact initiatives including the development of SOPs for AEO-T2 certification, implementation of fully integrated import modules in SAP, and establishing robust back-office financial operations.
Prior to JSW, Nitesh worked as Branch Credit Manager at ICICI Bank, where he oversaw large loan disbursals, new product innovations, and managed credit operations across multiple branches in Punjab and Haryana. His demonstrated excellence in credit management earned him the highest sanctioning powers in his region.
He also held financial leadership roles at Jindal Stainless Limited, Ispat Industries Limited, and Ruchi Soya Industries Limited, where he contributed significantly in areas like product costing, budgeting, MIS, and gain-loss reconciliations. His experience across diverse industries adds a comprehensive perspective to his financial acumen.
With his extensive background in banking, finance, systems implementation, and operational controls, Nitesh Sanghi is set to bring new efficiencies and growth-oriented strategies to JSW Steel’s financial ecosystem.
About JSW Steel
JSW Steel is one of India’s leading integrated steel manufacturers with a capacity of 29.7 MTPA, targeting an expansion to 40 MTPA across its plants in Karnataka, Tamil Nadu, and Maharashtra. With a global footprint spanning over 100 countries, JSW Steel is India’s largest steel exporter and a pioneer in producing high-end value-added steels. The company’s commitment to sustainability, innovation, and cutting-edge technology continues to drive its leadership in the steel sector.
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