Gaar, by Its Very Nature, Has the Potential of Leading to Uncertainty and Litigation

Jyotsna Sharma, CFO, Sandvik Asia, speaks her mind on crucial issues concerning the finance fraternity in India at the moment.

- Sangita Thakur Varma

Q: Sandvik is a high-tech global engineering group active in a variety of industry segments. What are its interests in India?

Jyotsna Sharma: Sandvik is a global industrial group with advanced products and world-leading positions in selected areas like tools for metal cutting, equipment and tools for the mining and construction industries, stainless materials, special alloys, metallic and ceramic resistance materials as well as process systems. Sandvik group with representation in 130 countries and 45,000 employees is widely known for its innovation and pioneering technology in each area of operation.

Sandvik in India was established in 1960 and started with a moderate sized local manufacturing unit at Pune. Over the years, the company has expanded its base across five other locations within India, with an annual turnover of over ₹3,000 crore and providing employment to over 3,000 people. It is now a well-established major export hub for Sandvik, globally, with sizable export revenue. Sandvik’s interests In India include Sandvik Mining & Rock Technology, Sandvik Machining Solutions and Sandvik Material Technology.

Sandvik Mining operates in India as a developer of mining solutions including equipment and tools, for rock drilling, rock cutting, rock crushing, loading and hauling and materials handling. It also offers solutions for virtually any construction industry application encompassing diverse businesses.