Prashant is the Chairman of the USD 1 Billion Usha Martin Group (UMG) involved in the business of specialty steel and wire rope, Mining, Software, Real Estate, Education and Media. It employs over 8,000 people worldwide. Usha Martin Ltd, the Group’s flagship company, is India’s largest (and amongst the world’s leading) steel wire rope manufacturer. It has a trans-continental presence with manufacturing facilities in UK, Thailand, USA and UAE and distribution networks all over the world. Major distribution centres are in Singapore, Australia, Canada, South Africa, Glasgow, Rotterdam, Houston and Vietnam. Prashant joined the family business in 1982 and as a serial entrepreneur has founded Usha Martin Telekom, a GSM cellular network and sold it to Hutchinson Whampoa. Founded Usha Communications Technology a Telecom Billing Systems provider and led the acquisition of Eppix, Telecom Billing division of Logica CMG.
Under his leadership, the Group has expanded its presence in the Education sector. Prashant is also the Chairman of Usha Martin Education Solutions (UMES) with operations across different segments in the Education sector. UMES has set up 11 Usha Martin schools in the K-12 space and 11 Academies for IT and Management in the Higher Education segment. Over the last 3 years, more than 10,000 students have been trained in various Usha Martin institutes – across both K-12 and Higher Education. More recently, Prashant has launched an initiative to establish a multi-disciplinary University in India as well as established an Education infrastructure company to serve the infrastructure needs for the Group’s various education initiatives. Prashant has enhanced the Group’s presence in the CSR sphere through impact investing, increasing the scope of its CSR pursuits as well as extending the Groups’ CSR activities by setting up a registered charity in the UK. He is associated with various organizations. WPO – London and New Delhi Akshaya Patra Foundation, a NGO running largest School Meal Program in India Confederation of Indian Industries Confederation of British Industry Global Advisory Board, Babson University, USA Apart from the experience as Chairman and Board member of Public listed companies, Prashant also has a rich experience in Family Governance. He has been successfully running second generation family partnership for last 25 years and takes a keen interest in mentorship and upbringing of third generation, to make them a part of Usha Martin Group heritage. He led the family in adopting a Family Constitution in 2009. Prashant is a Commerce Graduate and has undertaken executive education programs at Wharton, Harvard, London Business School, besides participating in conferences and seminars around the world. Prashant is based in London. He is married to Anupama and they have two children, Anupriya and Apurv.