Vardhman Special Steels Ltd., a key player in India’s steel industry, is celebrating the fifth anniversary of its partnership with Aichi Steel, a significant milestone toward global growth. Vice Chairman and Managing Director of Vardhman Special Steels Sachit Jain has led the company through an era of transformation, driven by a commitment to quality, innovation and long-term relationships.
“We’re part of the Vardhman Group, which was founded in 1965. We’re global leaders in textiles, from yarn to fabric to apparel. We’ve had strong ties with Japanese companies like Marubeni Corp., Teijin, Toyobo and Nisshinbo,” Jain said, highlighting the company’s strong foundation in several sectors and its long-standing relationships with Japanese partners.
Aichi Steel, with its focus on quality, customer-centric values and long-term growth, proved the perfect fit as a world-class partner to build a competitive special steel business.
Jain said: “We first met Aichi Steel in 2011; it took eight years to secure their investment. During those years, I frequently visited Japan … the Japanese value consistency and trust. They wanted to understand my commitment to the long term.” His efforts to connect personally and professionally, including learning a bit of Japanese, were key to the successful collaboration.
Aichi Steel’s involvement has been pivotal in enhancing Vardhman’s operations.
“Aichi Steel brought significant expertise in safety, quality and process improvement,” Jain said. “They’ve helped us elevate our safety standards, implement systematic problem-solving techniques and optimize our machinery and processes.” This partnership has not only improved operational efficiencies, but also opened doors to major Japanese companies like Toyota, Suzuki, Hino and Yamaha, boosting Vardhman’s presence in the global automotive supply chain.
Moving forward, Jain is focused on an ambitious project that will further strengthen Vardhman Special Steels’ position. “We’re planning to establish a greenfield special steel plant in India, leveraging Japanese technology and expertise,” he revealed.
Aichi Steel brought significant expertise in safety, quality and process improvement. They’ve helped us elevate our safety standards, implement systematic problem-solving techniques and optimize our machinery and processes.
Sachit Jain, Vice Chairman and Managing Director of Vardhman Special Steels
Although still in the initial stages, the plant is expected to be operational by 2030, cementing the company’s growth trajectory and marking a significant milestone in its Indo-Japanese partnership. Jain’s long-term vision remains clear: “By our 10th anniversary, I hope to see the greenfield plant operational — a testament to the success of this Indo-Japanese partnership.”
With a foundation built on trust, shared values and commitment to excellence, the future of Vardhman Special Steels looks stronger than ever.
