S. K. Roongta

Sushil Kumar Rongta was the former Chairman of Steel Authority of India Ltd. (SAIL) from August 2006 to May 2010. SAIL is one of India's largest public sector companies. He is a graduate of BITS Pilani and IIFT.

He was also the first Chairman of International Coal Ventures Limited (ICVL) – a JV of five leading PSUs viz. SAIL, CIL, RINL, NMDC & NTPC.

He is a member of various Apex Chambers - Chairman of ‘Steel Committee’ of FICCI, member of National Council of CII and Advisory Council of ASSOCHAM. Mr. Roongta is also President of Institute for Steel Development & Growth.

Mr. Roongta is a member of the Executive Committee of the World Steel Association - the Apex Body for formulation of policy for world steel. He is the only CEO from India in this committee.

Mr. Roongta is the recipient of a number of awards including SCOPE Award for Excellence & Outstanding Contribution to the Public Sector Management – Individual Category 2007-08.

Under Mr. Roongta’s leadership, SAIL has achieved new landmarks in physical and financial performance. Operating at 115% of its rated capacity, it has posted a PBT of over Rs. 9,400 crores in FY’09. During the year 2009, SAIL has emerged with second highest net profit amongst all steel producers of the world.

Career

Mr. Roongta started his career in 1972 as a marketing executive in SAIL. He held several vital positions in the marketing division of the company before being elevated to the SAIL Board as Director (Commercial) in 2004. He also headed HR, Corporate Planning and Raw Materials Division functions of the company as Director (Personnel).

He is also the first Chairman of International Coal Ventures Limited (ICVL) – a JV of five leading PSUs viz. SAIL, CIL, RINL, NMDC & NTPC. ^[1]

Under Mr. Roongta’s leadership, SAIL has achieved new landmarks in physical and financial performance. SAIL is operating at 115% of its rated capacity, and has brought about continuous improvement in its productivity & cost competitiveness. It has posted a profit (before tax) to the tune of over Rs. 9400 crores in FY’09 making it a leading company in terms of profitability.

With initiatives taken by SAIL under the guidance of Mr. Roongta, SAIL’s net profit of Rs. 2813 cr. (US $570 million) during H1’09 was the highest among all steel producers in the world. ^[3]

Awards and recognition

Roongta is a member of the Executive Committee of FICCI and is also Chairman of its ‘Steel Committee’, member of National Council of CII and Advisory Council of ASSOCHAM and is represented in several committees of CII viz., National Committee on Mining, CEOs Council on Manufacturing, National Committee on WTO & Trade Agreement and Apex Council on PSUs. Mr. Roongta also heads the Institute for Steel Development & Growth (INSDAG) as its President. He is a Council member of the All India Management Association (AIMA), Member of the General Body of BITS, Pilani and several other professional bodies.

Roongta has been appointed as the Chairman of the Board of Governors of the Indian Institute of Technology, Bhubaneswar starting 2 November 2012.

Roongta has been appointed as a member of the Executive Committee of the World Steel Association (WSA) w.e.f. Oct’09. The Executive Committee of the WSA is the Apex Body in the steel industry which is responsible for discussion and formulation of policy for world steel. The committee consists of 15 members - CEOs of select world class steel producers. Mr. Roongta will be the only CEO from India in this committee. ^[4]

Roongta is the recipient of a number of awards including SCOPE Award for Excellence & Outstanding Contribution to the Public Sector Management – Individual Category 2007-08. ^[5]

References

External links

• SAIL Group
• S K Roongta's profile on the SAIL Website
• Winner of Scope Award