Steel1 is the leading supplier of Ready to Assemble Steel Systems, and is strategic supplier to Caterpillar, Volvo, Bombardier, Terex, BHEL etc. Steel1 services Infrastructure, Railways and Yellow Goods segments. Steel1 is a JV between Arcelormittal (#1 Steel manufacturer in the world), and Moondhra family (In steel since 1885). Steel1 follows highest standards of governance in line with global best practices.

Our Beliefs

our Vision

A world class, Ready to Assemble Steel Systems supplier, empowering our people through technology to deliver leadership in the markets we serve, bringing prosperity to shareholders, employees and society.

our mission

We, individually and collectively, build a safe, profitable, harmonious and vibrant organisation. We deliver profitability for Steel1 and prosperity for its employees and society.

our Values

We are leaders.

Technology fuels our Passion.
Trust, Integrity & Commitment drive us.

We are passionate about our work.

We are curious about everything.

We are fanatical when it comes to quality.

We transform ideas into reality.

We are highly motivated.

We are responsive and nimble.

For us normal isn’t a thing to be proud of.
So, we keep challenging the Status Quo.
And look at things differently,
Cause that is where Change begins!

We are born of fire.

And, we are shaping futures in steel.

Our Pedigree


ArcelorMittal is the world’s largest and the most integrated steel Company with 199,000 employees across 60 countries. They are a world-leading steel producer with annual achievable production capacity of approximately 113 million tonnes of crude steel in 2016. Their steel shipments in 2016 totalled 83.9 million tonnes.

With an industrial presence in 18 countries, they are the leader in all major global steel markets including automotive, construction, household appliances and packaging, with leading research and development and technology, sizeable captive supplies of raw materials, and outstanding distribution networks.

They are the largest producer of steel in North and South America and Africa, a significant steel producer in the CIS region, and have a growing presence in Asia, including investments in China and India. They are also the largest steel producer in the EU, with significant operations in France, Germany, Belgium, Spain, Luxembourg, Poland, the Czech Republic and Romania.

ArcelorMittal has a global portfolio of 14 operating units with mines in operation and development, and is one of the largest iron ore producers in the world. In 2016, their mines and strategic contracts produced 62.9 million tonnes of iron ore and met 55% of the company’s iron ore requirements. They also produced 6.9 million tonnes of coking coal and PCI, meeting 15% of the company’s PCI and coal requirements. They are currently having iron ore mining activities in Brazil, Bosnia, Canada, Kazakhstan, Liberia, Mexico, Ukraine and the United States.

Moondhra family

Moondhra Family has been in Steel business Since 1885. The Business has been handed over from one generation to the next.

They started early in 1880’s as agents for British Steel. Post independence they started working with the Japanese Steel makers.

Currently they are the authorised representatives of some of the world's leading steel manufacturers - ArcelorMittal Industeel, JFE Steel Japan, Emirates Steel & Posco Korea. They have developed an in depth knowledge of Indian Market with dealers in over 285 Districts.

Moondhra group operates two leading companies:

  • Steelmart (Mumbai) is a leading stockist of specialty plates in India maintaining stocks of hard to get steels from suppliers in India, Germany, France, Japan & Korea.
  • Duro Steel AG (Switzerland), is one of the leaders in the non-prime steel business having exclusive access to many of the world's top mills as well as having a wide geographical reach.
  • Christophe Jacamon

    Chairman of the Board & Chief Financial Officer, ArcelorMittal Distribution Solutions SA


    Christophe has been on the Board of ArcelorMittal Dhamm Processing since 2014, and took over as Chairman in 2017. He has been instrumental in bringing discipline to capital deployment in the company.

    Christophe was appointed in February 2012 Chief Finance Officer of ArcelorMittal Downstream Solutions, which, primarily covers the downstream activities of ArcelorMittal in Europe. Christophe joined ArcelorMittal in October 2007 as General Manager Consolidation & Reporting in charge of Group Financial Reporting and IFRS Compliance. In May 2010, he was appointed Head of Center of Excellence Credit & Encashment of Flat Carbon Europe and Head of Finance of ArcelorMittal Flat Carbon Europe S.A.

    Prior to joining ArcelorMittal, Christophe spent ten years with Deloitte in France and Asia.

    Christophe is a graduate from the ‘Ecole Supérieure de Commerce de Bordeaux’ in France.

  • Dhruv Moondhra

    Director & Chief Executive Officer


    Dhruv has been associated with the company since its founding in 2008. His current priorities include building organisational capacity to meet increasing customer demand, as well as making Steel 1 a leading digital company in its field.

    Dhruv started his career at Bain and Company in Boston. He is a Director at SteelMart India Private Limited, a leading retailer of specialty steels in India. He is also an Independent Director at Thirumalai Chemicals Limited since 2014. He has more than 20 years experience in steel Manufacturing, Trading & Distribution.

    Dhruv is an Economics Graduate from Cornell University. He is a member of Phi Beta Kappa Society (ΦΒΚ) which is the oldest honour society for the liberal arts and sciences in the United States. He has completed the Jonah Program, from AGI Goldratt Institute.

  • Sanjay Sharma

    Director & Chief Executive Officer, India & China for Arcelormittal SA


    Sanjay joined the board in 2017 and has brought his experience of Chinese manufacturing strengths to Arcelormittal Dhamm’s operations in India.

    Prior to his appointment as CEO for India and China, Sanjay served in multiple leadership roles in China JVs- CEO for VAMA and COO at Hunan Valin Steel.

    Earlier he was General Manager–Merger & Acquisitions on the ArcelorMittal Corporate team. He joined ArcelorMittal in 2001, and was the part of the first team on the ground to build ArcelorMittal’s (then Mittal Steel) China operations from its early stages.

    After receiving his MBA, Sanjay joined McKinsey & Company, in Dubai. At McKinsey, he worked closely with the upper echelon of leading basic material industry players focusing on formulation and implementation of strategy. Sanjay started his career with Steel Authority of India Limited.

    Sanjay is an Indian national with an MBA from INSEAD in France and B.Tech (Honors ‘94), Metallurgical Engineering from Indian Institute of Technology (IIT). He is alumnus of Harvard Business School‘s Advance Management Programme.

  • A Chandrababu

    Director & Retired Executive Director, Bharat Heavy Electricals Ltd.


    With 37 years of work experience and a proven track record in all functions of a business, he closely advises the management team to achieve business excellence.

    An accomplished Senior Executive with the vision and leadership insights to strategically plan, direct and control company operations to capitalize on business opportunities.

    He has demonstrated expertise in providing breakthrough leadership to achieve corporate strategies, build coalition to support business growth and implement and manage change to drive organizational performance.

    He joined BHARAT HEAVY ELECTRICALS LIMITED (BHEL), India in 1974 and retired in 2011 as Executive Director of BHEL Ranipet Division.

    He is B.E. Mechanical Engineering from University of Madras.

  • Neeraj Kumar

    Board of Directors of ArcelorMittal Dhamm Processing


    Neeraj Kumar Joined the Board of Directors of ArcelorMittal Dhamm Processing in 2015. Neeraj is a trained Black Belt for Six Sigma & lead Assessor for Quality Systems. He is data driven, logical, a team builder and a strong leader.

    Neeraj has worked in Manufacturing, Supply Chain Management, Sales and Projects functions in Consumer Durables, Electrical and Automotive Component industries and has an experience of over 30 years with Companies such as Samtel Color – a Licensee of Mitsubishi Electric, Thomson Guangdong Display China, JCT Electronics. He has spent more than 10 years in Leadership Positions at Thomson Guangdong (General Manager and Chairman of the Board), BU Head at JCT Electronics, CEO at Automotive Stampings & Assemblies Limited, a Tata Autocomp Company and BU head at ArcelorMittal Dhamm Processing.

    His Interest is in creating wealth at bottom of pyramid, Lean management, driving productivity, Strategy, mentoring people. He is setting up Clutches and Brakes Business for Raicam Industries SRL in India and is an Investor in start up in the business of Energy Storage Systems based on Lithium Ion Batteries.

    Neeraj, has graduated from Harcourt Butler Technological Institute, Kanpur, with a Bachelor’s Degree in Mechanical Engineering. Subsequently, he completed his Advanced Diploma in Management from IGNOU.

  • Devvrat Moondhra

    Board of Directors of ArcelorMittal Dhamm Processing


    Devvrat Moondhra joined the Board of Directors of ArcelorMittal Dhamm Processing in 2013. He provides strategic insights for developing the operational plan.

    His career started as an Investment Banker with Credit Suisse in New York. He then joined the family business of steel trading on his return to India.

    He is presently a Director in Duro Steel AG, Dubai and manages the entire non prime business of Duro Steel AG in Middle East, Europe, South Asia (India/Pakistan/Sri Lanka/Bangladesh), and North Africa. Beginning with Project Selling for Shipbuilding Steels (Plates, Sections, Bulb flats, etc.), and then alloy steel wire rod, organic coated steels, seamless pipes for oil and gas, Devvrat has over 10 years of varied experience in steel projects and distribution.

    Devvrat Moondhra has a degree in Business Administration & Finance from Boston University.

Management Team
  • S. Swaminathan, BUH

    Vice President & Business Unit Head


    S. Swaminathan, Vice President & Business Unit Head is part of the core management team and reports to Dhruv.

    Swaminathan has 25 years solid experience in Manufacturing, Operations Management, Supply Chain management & Project Management.

    He has held leadership positions in Tenneco, WABCO, R. Stahl, Pricol, & Brakes India Ltd.

    Swaminathan has completed his Mechanical Engineering (B.E.) from Govt. College of Technology, Coimbatore. He is adept at Strategic Planning and delivering sustained growth in dynamic environments.

  • Rajesh Jayaraman, CFO

    Vice President & Chief Financial Officer


    Rajesh Jayaraman, Vice President & Chief Financial Officer, is part of the core management team and reports to Dhruv.

    Before joining the group he has served at various senior positions with companies like Spic Group, The Metal Powder Company Ltd, Apex Laboratories Ltd & Kare Group.

    He brings along with him 27 years of experience in all aspects of Finance and Accounts. He has professional expertise in financial planning and analysis, profit-and-loss leadership, and mergers and acquisitions.

    Rajesh is a qualified Charted Accountant.

  • Mohit More

    Vice President & Head - Sales & Business Development


    Mohit More, Vice President & Head – Sales & Business development is part of the core management team and reports to Dhruv. These days he is concentrating on developing new verticals for the company.

    Mohit started his career in Sales and Business Development, serving across various positions with corporates like Crompton Greaves, Emco Ltd, Apar Oils Ltd, IMP Powers, GKW etc. He has expertise in working with Market segments such as Power Utilities, EPC Contractors, Oil & Gas, Railways, Process Consultants, Manufacturing Industries, Construction and Mining Equipment OEM’s in Domestic and International Markets.

    Mohit is an MBA, specialized in Marketing from Mumbai University & Graduate in Mechanical Engineering along with Diploma in Business Management.

  • Bharati Kadam

    Vice President & Head HR


    Bharati Kadam, Vice President & Head Human Resources, is part of the core management team and reports to Dhruv.

    Bharati has worked across various industry segments beginning with Manufacturing, Leisure, Media, Hospitality and Consulting. She has held different leadership roles in human resources with Idea connection System (India), iDream Advisory Services Pvt Ltd, Hotel Kohinoor Continental, Essel Group of Industries, Zee Interactive Learning System Ltd, & Siemens Ltd.

    She has around 24 years of experience in Talent Acquisition, Talent Management, Employee Development, Employee Engagement, Performance Management etc.

    Bharati has a Masters degree in Industrial Psychology form Mumbai University & Diploma in Industrial Relations & Personnel Management. She pursues keen interest in people management and people skills.