Is Naveen Jindal’s high-risk election gambit good for business?

By contesting elections, the JSPL chairman is mixing politics and business. The consequences for the company could be dire—win or lose.

Naveen Jindal is in the electoral fray, again. And, it is in this regard that he sticks out compared to the rest of India Inc. Being close to the powers that be is one thing, contesting elections quite another. 

His company, Jindal Steel & Power Ltd (JSPL), with a revenue of Rs 58,115 crore in the 2023-24 fiscal year, a market cap of Rs 1.08 lakh crore as on 27 May and more than 20,000 employees across three continents needs him. More so because it recently lost both its managing director and chief financial officer in the space of a …


Prince M. Thomas

Prince leads the newsroom at The Morning Context as managing editor. A fascination with the written word has taken Prince to some of the leading newsrooms across the country, including The Economic Times, Dow Jones Newswires, Forbes India and Moneycontrol. In a career spanning 20 years, Prince has led teams, managed pages, projects and special editions, and has authored The Consolidators, published by Penguin Random House in 2017.

Managing Editor