User:Sandeep Jajodia/sandbox

In 2011 industrialist Sandeep Jajodia, who is the head of sponge iron maker Monnet Ispat & Energy, notably bought a 2,000 sq yard bungalow no.1/26 Shanti Niketan for Rs.170 crore for his personal use from the Ghosh family. Informed sources close to the transactions say the liquidity constrained industrialist's other smaller property, the about 1200 sq yard residential plot No.1/17 Shanti Niketan may fetch Rs.160 crores in an all-cheque deal, which rumors caused the company's share price and volumes to spike when the news became known to insiders. Monnet Ispat's shares were trading around Rs.550 when Sandeep Jajodia bought his Rs.170 crore property in June 2011 and had continually declined to as low as Rs.53 in Jan 2014 but has recovered sharply to around Rs.120 on news of the rumored property sale and other developments finally commencing on Jajodia's 1/26 Shanti Niketan plot which was part financed by HDFC Bank. (source: Asian Age Chronicles : 05 June 2014 14:12:55 IST)

Mr. Sandeep Jajodia, who spearheads the Delhi based conglomerate “The Monnet Group”, is a man of vision and ingenuity whose focus and passion has nurtured the group from being a ferro alloy manufacturer to a fully integrated steel player having business operations in manufacturing of sponge iron, ferro alloys, steel, mining and power generation for both captive & Independent Power supply.

Born in Kolkata, Mr. Jajodia showed his business spark at an early age by envisaging the potential and opportunities associated with the stainless steel sector. Armed with rigorous training in critical aspects of marketing, strategy formation, international business along with vast experience garnered from his father's trading business, Mr. Jajodia forayed into the manufacturing sector by setting up Rs 1.7 crore ferro alloy unit. Monnet Power Company Limited (MPCL), a subsidiary of MIEL, is setting up thermal power plant of IPP of 1050 MW backed with captive coal mine in Angul, Orissa.

Presently, he is the Vice President of Assocham National Council on Coal and of Coal Producers Association.

It is his strong belief that CSR adds corporate value to organizations. In his opinion, the important direction of CSR starts from "supporting the families of our workers at site by providing them with facilities like education, medical help etc." to a variety of welfare scheme for employees. Monnet Foundation, a CSR arm of Monnet Group, is a standing example of Mr. Jajodia's total involvement in social and community development programs.

An ardent sports follower, he has established Monnet Sports Foundation and adopted boxing by associating MIEL as the Official Sponsors of the Indian Boxing Team.