JSW Steel has appointed Nitesh Sanghi as its new Vice President for Banking and Finance, entrusting him with the critical responsibility of leading strategic banking relationships, financial planning, and enhancing operational efficiencies across the company’s domestic and international operations. This key leadership role underscores JSW Steel’s focus on strengthening its financial framework to support its ambitious growth plans.
Nitesh brings over 18 years of rich experience with JSW Steel, where he has played a pivotal role in managing working capital, long-term fundraising, hedging strategies, and integrating SAP-based processes. He has also overseen import operations valued at more than USD 4 billion. In his recent position as General Manager for Banking and Finance, Nitesh led several impactful initiatives, including developing standard operating procedures for AEO T2 certification, fully integrating import modules within SAP, and fortifying back-office finance functions.
Before joining JSW, Nitesh gained extensive banking experience at ICICI Bank as Branch Credit Manager, where he managed large loan disbursals, supervised credit operations across multiple branches in Punjab and Haryana, and drove innovation in new product offerings. His exemplary performance earned him the highest sanctioning authority in his region.
Additionally, Nitesh’s career includes vital finance roles at Jindal Stainless Limited, Ispat Industries Limited, and Ruchi Soya Industries Limited. These roles helped him develop expertise in product costing, budgeting, management information systems, and gain-loss reconciliations, equipping him with a broad and versatile financial skill set.
With a proven track record in finance, banking, systems implementation, and process optimization, Nitesh Sanghi is well-positioned to play a transformative role at JSW Steel. His leadership is expected to drive enhanced financial discipline and operational excellence to support the company’s strategic objectives.
