JSW One Platforms, a division of JSW Group, has appointed Dr. Ranjan Pai as an independent director on its Board. Dr. Pai, known for his expertise in education, healthcare, entrepreneurship, and investment, aligns with the company s focus on driving innovation and value creation.
"In fact, we will hit the billion-dollar run-rate ahead of that," he said. The platform, which sells flat and long products of steel, stainless less and cement to micro, small and medium enterprises, has seen its sales surge more than four times to over ₹1,700 crore or about $220 million in the first half of 2023-24 (April-March) compared to the previous year.
The Series A funding, which is also the maiden capital raise from an institutional investor by JSW One Platforms, has been done at a valuation of Rs 2,750 crore, as per an official statement.