Jindal Stainless
Jindal Stainless is India's largest stainless steel manufacturer, producing slabs, coils, plates, rebars, and specialty stainless grades via 4.2 MTPA EAF-based capacity across India, Spain, and Indonesia, selling primarily to B2B enterprise customers in automotive, railway, process, and construction sectors while expanding into retail.
- Company typePublic
- Founded1970
- HeadquartersNew Delhi, India
- Headcount5,001–10,000
- GTM typeB2B and B2C
- OfferingHardware or Manufacturing
What Jindal Stainless does
Jindal Stainless Limited is India's largest stainless steel manufacturer and one of the largest globally, operating 16 manufacturing facilities across India (Hisar, Jajpur, Mundra/Chromeni, plus the Jindal United Steel operations), Spain (IBERJINDAL), and Indonesia (PT Jindal Stainless) with a total melt capacity of 4.2 MTPA after commissioning a 1.2 MTPA Indonesian melt shop in March 2026. The company produces a comprehensive portfolio spanning semi-finished stainless steel (slabs, blooms), flat products (hot rolled coils, cold rolled coils, plates, sheets, precision strips), long products (wire rods, rebars), and specialty items (razor blade steel, coin blanks, duplex stainless steel grades including S32101, J2205, and J2507). Manufacturing is based on electric arc furnace (EAF) technology, which supports scrap recyclability and lower carbon emissions than blast furnace routes, and the company is investing in 315.6 MW of solar-wind hybrid renewable capacity to power operations.
Jindal Stainless earns revenue predominantly through direct B2B sales of finished stainless steel products priced on LME benchmarks plus alloy surcharges, with FY26 consolidated revenue of INR 42,955 crore (approximately USD 4.86 billion), EBITDA of Rs 5,560 crore, and profit after tax of Rs 3,185 crore. Domestic sales account for 93-95% of revenue, serving enterprise customers across automotive OEMs, Indian Railways, process industry (chemical and petrochemical), construction and architecture, nuclear, plumbing, and consumer durables; international reach spans 12 countries supported by 10 sales offices and 6 service centers. In 2026 the company initiated a strategic shift toward retail and consumer-facing engagement, launching the Jindal Infinity stainless steel rebar brand through a distributor network, introducing the Jindal Saathi Seal authentication program for pipes and tubes, appointing Ranveer Singh as first brand ambassador, and operating the JSL Stainless Mart e-commerce platform, alongside ecosystem initiatives such as Stainless Academy (training 9,000+ students and 80,000+ fabricators) and the JSL Saathi Pragati loyalty program.
Jindal Stainless firmographics
Firmographics- Name
- Jindal Stainless
- Legal name
- Jindal Stainless Limited
- Website
- https://jindalstainless.com
- Company type
- Public
- Founded year
- 1970
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- Jindal Stainless is India's largest stainless steel manufacturer, producing slabs, coils, plates, rebars, and specialty stainless grades via 4.2 MTPA EAF-based capacity across India, Spain, and Indonesia, selling primarily to B2B enterprise customers in automotive, railway, process, and construction sectors while expanding into retail.
- Ownership category
- akta.pro rank
Jindal Stainless industry classification
Industry- Product category
- Stainless Steel Manufacturing
- NAICS
- Metal Service Centers and Other Metal Merchant Wholesalers (423510), Metal Service Centers and Other Metal Merchant Wholesalers (42351)
- SIC
- Primary Smelting & Refining Of Nonferrous Metals (3330), Wholesale-Metals & Minerals (No Petroleum) (5050)
- akta.pro primary industry
- Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams) (IMAKABAH)
- akta.pro secondary industries
- Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar) (IMAKAJAB), Precious Metals Minting & Bullion Products (IMAKAEAJ)
Keywords
Where Jindal Stainless is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices11 records
Markets served
Jindal Stainless business model
Business model- GTM type
- B2B and B2C
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Personnel, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Stainless Steel Product Sales: One-time product sales of finished stainless steel products including hot-rolled coils, cold-rolled coils, plates, sheets, rebars, and specialty grades. Revenue is transactional based on commodity pricing with finished goods volume of 2,565,902 tonnes in FY26.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Commodity-based pricing varies by stainless steel grade, form (hot-rolled, cold-rolled, plate), thickness, dimensions, and order volume. |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Jindal Stainless product offering
Product offeringCore offering
Jindal Stainless manufactures and sells stainless steel flat and long products through 16 facilities across India, Spain, and Indonesia with 4.2 MTPA total melt capacity. The product portfolio spans semi-finished items (slabs, blooms), flat products (hot-rolled coils, cold-rolled coils, plates, sheets, precision strips), long products (wire rods, rebars), and specialty products (razor blade steel, coin blanks, duplex stainless steel grades). The company sells primarily to enterprise customers in automotive, railways, process industry, and construction, and has expanded into retail through the Jindal Infinity rebars brand.
Product overview
Jindal Stainless is a stainless steel manufacturer offering a comprehensive portfolio of flat and long products across the stainless steel value chain. The product portfolio includes semi-finished products (slabs, blooms), flat products (hot rolled coils, cold rolled coils, plates, sheets, precision strips), long products (wire rods, rebars), and specialty products (razor blade steel, coin blanks, duplex stainless steel grades). The company operates 16 manufacturing facilities across India, Spain, and Indonesia as of March 2026, with a total melt capacity of 4.2 MTPA. Recent strategic initiatives include the retail launch of 'Jindal Infinity' branded rebars, the 'Jindal Saathi Seal' authentication program for pipes and tubes, and the JSL Saathi Pragati loyalty program. The company also offers its products through the JSL Stainless Mart e-commerce platform and supports the market through its Stainless Academy training initiative. The company manufactures stainless steel using electric arc furnace technology, which reduces greenhouse gas emissions and enables scrap recyclability.
Differentiator
Problem solved
Functional benefit
Brands
- Jindal Infinity: Stainless steel rebars brand launched for retail segment, offering superior corrosion resistance and durability compared to conventional rebars
- Jindal Saathi Seal
- JSL Saathi Pragati
Products and services
- Stainless Steel Slabs
Quantifiable outcome
- Finished goods volume increased 8.1% year-over-year to 2,565,902 tonnes in FY26
- +2 more outcomes
Companies that use Jindal Stainless
Customer profileNamed customers5 records
Segments8 records
Ideal customer profiles4 records
Jindal Stainless technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Jindal Stainless partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Oyster Renewable EnergycoreJoint venture for 315.6 MW solar-wind hybrid renewable energy project in Madhya Pradesh to power Jindal Stainless operations with clean energy, supporting sustainability goals and reducing carbon footprint.
- HCBS DevelopmentsminorSupply partnership for stainless steel rebars for the Twin Horizon project in Gurugram, demonstrating applications in premium real estate construction.
- Sunrisers HyderabadminorOfficial Stainless Partner sponsorship in the Indian Premier League (IPL) cricket tournament, providing high-visibility brand exposure to mass consumer audience.
- Times NetworkminorCo-powered exit poll coverage partnership with Times Group's news network, providing national media visibility during high-viewership political coverage.
Scale indicators12 records
Recent moves7 records
Expansion highlights5 records
Jindal Stainless competitors and assessment
Company assessmentDirect peers
- Aperam: Aperam is a Luxembourg-listed stainless steel manufacturer with European and Brazilian operations producing flat and specialty stainless steel products. As a pure-play stainless steel specialist with similar EAF-based production and downstream service centers, it is the most directly comparable peer to Jindal Stainless.
- Outokumpu: Outokumpu is a Finland-based global leader in stainless steel, operating the largest stainless steel mill in Europe with a full austenitic, ferritic, and duplex grade portfolio. It is a direct competitor in international markets and overlaps closely with Jindal in grade range, applications, and EAF production technology.
- Acerinox: Acerinox is a Spain-based global stainless steel manufacturer with operations in Europe, North America, South Africa, and Asia. It is a direct peer with comparable flat and long stainless steel product offerings; notably, Jindal has manufacturing operations in Spain, putting them in overlapping geographies for some product flows.
- Tsingshan Holding Group: Tsingshan is the world's largest stainless steel producer, vertically integrated from Indonesian nickel mining through stainless steel manufacturing. As a low-cost integrated producer with significant Indonesia presence, it directly competes with Jindal's Indonesian operations and sets the global commodity price floor.
- Viraj Profiles: Viraj Profiles is one of India's largest stainless steel long products manufacturers, producing wire rods, bars, and fasteners-grade stainless steel. It directly competes with Jindal in Indian long products (wire rods, rebars) and overlapping distribution channels.
Broad incumbents
- Tata Steel Limited: Tata Steel is India's largest steel producer by capacity with a diversified flat and long steel portfolio including stainless steel operations. As a broad incumbent in the Indian steel market, it competes with Jindal across automotive, construction, and industrial segments but is far less stainless-specialized.
- Steel Authority of India Limited (SAIL): SAIL is a major Indian public sector steel producer with a broad product portfolio including stainless steel products. It competes with Jindal in Indian automotive, railway, and construction steel applications but stainless steel is not its primary focus.
- POSCO: POSCO is a South Korean integrated steelmaker and one of the world's largest steel producers, with stainless steel production alongside its core carbon steel business. It competes with Jindal in Asian and global stainless steel markets, particularly for automotive and high-grade applications.
- Nippon Steel Corporation: Nippon Steel is Japan's largest steelmaker and a global integrated producer with stainless steel capabilities as part of a wider steel portfolio. It is a broad incumbent competing with Jindal in high-grade specialty stainless steel for global automotive, energy, and industrial customers.
Regional players
- Salzgitter AG: Salzgitter AG is a German steel and tubes producer with stainless steel products (via Mannesmann) primarily serving European markets. It is a regional peer competing with Jindal's IBERJINDAL Spanish operations for European customers in process industries and tubes applications.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Jindal Stainless social profiles
Digital presenceJindal Stainless compliance and trust
Trust signalCompliance13 records
Jindal Stainless financial estimates
Financial estimateRevenue estimate
Valuation estimate
Jindal Stainless leadership team
Management profileNumber of profiles
Profiles11 records
Jindal Stainless subsidiaries and ownership
Company hierarchySubsidiaries11 records
Jindal Stainless funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Jindal Stainless M&A and investment
M&A and investmentM&A3 records
Investments3 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Jindal Stainless
What does Jindal Stainless do?
Jindal Stainless manufactures and sells stainless steel flat and long products through 16 facilities across India, Spain, and Indonesia with 4.2 MTPA total melt capacity. The product portfolio spans semi-finished items (slabs, blooms), flat products (hot-rolled coils, cold-rolled coils, plates, sheets, precision strips), long products (wire rods, rebars), and specialty products (razor blade steel, coin blanks, duplex stainless steel grades). The company sells primarily to enterprise customers in automotive, railways, process industry, and construction, and has expanded into retail through the Jindal Infinity rebars brand.
Is Jindal Stainless a public or private company?
Jindal Stainless is a public company. It is classified as public and is currently operating.
When was Jindal Stainless founded?
Jindal Stainless was founded in 1970. It employs 5,001 to 10,000 people.
Where is Jindal Stainless based?
Jindal Stainless is headquartered in New Delhi, India, in the Asia region.
How does Jindal Stainless make money?
One revenue line is on record: stainless Steel Product Sales.
Who are Jindal Stainless's main competitors?
Direct peers on record are Aperam, Outokumpu, Acerinox, Tsingshan Holding Group and Viraj Profiles. Broad incumbents are Tata Steel Limited, Steel Authority of India Limited (SAIL), POSCO and Nippon Steel Corporation. Salzgitter AG is listed as a regional player.
Does Jindal Stainless have an API?
No public API is recorded for Jindal Stainless.
What industry is Jindal Stainless in?
Jindal Stainless's product category is Stainless Steel Manufacturing. Its primary akta.pro industry code is IMAKABAH, Long Products Manufacturing (Rebar, Wire Rod, Merchant Bar, Sections/Beams), with a secondary code of IMAKAJAB, Steel Products Trading & Service Centers (Flat, Long, Pipe & Tube, Rebar). Its NAICS code is 423510 and its SIC code is 3330.