 "Usha Martin, Rajeev Jhawar, Usha Martin MD,")
A day after the board of Usha Martin ousted Prashant Jhawar as non-executive chairman following a written requisition by State Bank of India nominee director, the Kolkata-based firm’s managing director, Rajeev Jhawar, tells Ishita Ayan Dutt that his sole agenda is to bring down the debt and work in the best interest of the company. Unlike Prashant, however, Rajeev is on the same page as the lender, though he abstained from voting on the resolution for Prashant’s removal during Tuesday’s board meeting. Edited excerpts:
Lenders are worried about the debt level in Usha Martin. How will you secure the
