Who is Savitri Jindal?
Savitri Jindal is an Indian businesswoman and politician. She was born in 1950 and married O.P. Jindal, the founder of the Jindal Group, a multinational conglomerate in steel, power, cement, and infrastructure. After her husband’s sudden death in 2005, she took over the leadership of the company. Under her guidance, the Jindal Group expanded significantly, increasing its revenues and global reach.
Savitri Jindal also entered politics as a member of the Indian National Congress. She served as the Minister of State for Revenue, Disaster Management, and Rehabilitation in Haryana and played an influential role in regional policies. Her dual role as an industrialist and politician helped her grow her financial standing.
Current Net Worth
As of 2025, Savitri Jindal’s estimated net worth is $34.5 billion. According to Forbes India’s Billionaires List, she remains India’s richest woman. Her wealth has grown due to the increasing market value of Jindal Steel & Power (JSPL) and JSW Steel, two of India’s leading industrial companies.
In 2023, Savitri Jindal’s net worth was around $33.5 billion, reflecting a significant increase from previous years. The Jindal Group’s stock prices surged due to global demand for steel and infrastructure materials, benefiting her fortune. The revenue of Jindal Steel and Power Limited (JSPL) alone reached ₹58,115 crore ($7.1 billion) in the fiscal year 2023-2024, with a net profit of ₹5,943 crore ($730 million).
Business Empire & Wealth Sources
The Jindal Group operates in steel, power, infrastructure, and cement. The conglomerate plays a key role in India’s economic development and provides materials for major industries.
Key companies under its leadership:
- Jindal Steel & Power (JSPL) – Annual revenue of approximately $6.19 billion USD (₹51,800 crore).
- JSW Steel – Market capitalization of approximately $9.25 billion USD (₹77,600 crore).
- Jindal Stainless – Major supplier of stainless steel with a market capitalization of $7.48 billion USD.
- Jindal Power – Generates 3,400 MW of electricity, primarily from its O.P. Jindal Super Thermal Power complex in Tamnar, Chhattisgarh.
The Jindal Group’s steel plants in Raigarh (Chhattisgarh), Angul (Odisha), and Patratu (Jharkhand) are among the largest in India. The power division continues to grow with investments in renewable energy, including solar, wind, hybrid, and storage solutions.
Factors Influencing Her Wealth
Savitri Jindal’s financial position is affected by several factors:
Stock Market Fluctuations – JSPL and JSW Steel stocks impact her net worth. JSPL shares rose 57% over one year (March 2023–March 2024) and gained 13.15% year-to-date in 2024, raising her fortune.
Global Steel Demand – Contrary to some reports, India’s steel exports declined in 2023, dropping from $13,397.04 million in 2022 to $4,498.02 million. Despite this, domestic demand for steel remains strong due to infrastructure growth, benefiting Jindal Group companies.
Government Policies – Infrastructure projects like PM Gati Shakti and Make in India boost demand for steel, directly affecting her companies’ profits. These government initiatives continue to drive growth in the steel sector.
Political Influence – As a former minister and a prominent political figure, she has a network of connections that may provide strategic advantages. However, there is no confirmed evidence linking her political influence to securing government contracts.
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Comparison with Other Billionaires
Savitri Jindal ranks among India’s top 10 billionaires. According to Forbes 2024, she holds the 3rd position in India’s rich list, behind Mukesh Ambani ($119.5 billion) and Gautam Adani ($116 billion) but ahead of other industrialists such as Radhakishan Damani ($31.5 billion).
Globally, she is among the top 5 richest women. Her wealth ($34.5 billion) is below that of Françoise Bettencourt Meyers ($89.5 billion) and Alice Walton ($89.2 billion) but ahead of Julia Koch ($74.2 billion).
Personal Life & Philanthropy
Savitri Jindal’s fortune is closely tied to her family. Her sons Prithviraj, Sajjan, Ratan, and Naveen Jindal manage different segments of the Jindal Group.
She is known for her philanthropic contributions in:
- Education – The O.P. Jindal Group supports education, including O.P. Jindal Global University. She is also president of Maharaja Agrasen Medical College.
- Healthcare – The Jindal Group funds hospitals, medical colleges, and rural health initiatives.
- Women Empowerment – The Jindal Foundation supports women’s education, entrepreneurship, and financial independence.
She entered politics in 2005 after her husband’s passing, was elected to the Haryana Vidhan Sabha, and served as a minister. In March 2024, she joined the Bharatiya Janata Party (BJP).
Future Projections
Savitri Jindal’s net worth is expected to grow due to:
Business Expansion – JSW Group plans to invest $34.67 billion in steel, EVs, and renewable energy, while BC Jindal Group is investing $2.5 billion in renewables.
Rising Steel Demand – India targets 300 million tonnes of steel capacity by 2030, up from 154 million tonnes, benefiting Jindal companies.
Challenges & Risks – Economic fluctuations, raw material costs, and environmental regulations, including India’s decarbonization push, could impact growth.
FAQs
1. What is Savitri Jindal’s net worth in 2025?
Her estimated net worth is $34.5 billion, making her India’s richest woman.
2. How did Savitri Jindal become wealthy?
She inherited the Jindal Group and expanded it into a global industrial empire.
3. What companies does she own?
She controls Jindal Steel & Power, JSW Steel, Jindal Stainless, and Jindal Power.
4. Is she the richest woman in India?
Yes, she is the wealthiest woman in India according to Forbes 2024.
5. How does her political career affect her wealth?
Her political influence helps secure business contracts and government projects.
Conclusion
Savitri Jindal’s financial success is driven by her leadership in steel, power, and infrastructure. With continued growth in Jindal Group companies, her fortune may rise further. She remains India’s wealthiest woman, playing a key role in the country’s economic progress.
