Author

Evonith Steel

Date Published

December 8, 2025

Evonith Steel: Redefining the Future of Steel

In a world where companies strive to evolve and flourish, some don’t just follow but forge ahead with clarity and precision. Evonith Steel steel is one such name. Not just a steel manufacturing company, but a name built on commitment, strength and pursuit of progress.

Evonith Steel (formerly known as Uttam Galva Steel) came into being in December 2020. That’s when Nithia Capital maneuvered itself into the Indian market and acquired Uttam Galva Steel. It marked an era of unique leadership accompanied by a new vision under the guidance of the Chairman Mr. Jai Saraf and partner Mr. Rajib Guha.

The name “Evonith Steel” comes into formation by combining “Evolution” and “Nithia”, reflecting the idea – Evolving Nithia. Evonith Steel carried the legacy further and transformed into Evonith Steel Value Steel Ltd. (EVSL) and Evonith Steel Metallics Ltd. (EML).
Based in Mumbai, the company has the manufacturing plant in Wardha (Nagpur). The company not just focuses on product output but also drives on maintenance of sustainability by innovative practices in the metal and mining space.

From its base in Mumbai, the company operates a modern manufacturing plant in Wardha, near Nagpur, which serves as the backbone of its production. This location gives the company easy access to important markets and raw materials, making it a smart choice for both production and distribution. The plant is built with modern technology that helps produce high-quality steel while also being mindful of safety and the environment.

Evonith Steel’s commitment to doing things right shows in every step of how they make their steel. Using the latest technology and smart processes, they work hard to be efficient while making sure their products are top quality. The team maintains a keen focus on every detail, consistently ensuring that the steel meets the highest quality standards.

Looking ahead, the company is excited to grow its product range to better serve its customers and the industry. The company is investing in research to create new steel types and specialty products for different uses. Every new product is carefully tested to make sure it meets the highest standards, so customers can always count on Evonith Steel for reliable and high-performing materials.

Sustainability is at the heart of company’s operations. The team works to reduce its environmental footprint through energy-efficient manufacturing, responsible sourcing, and constant innovation in cleaner technologies. Every decision is made with a view to protecting the planet while meeting the needs of a growing market.

The company’s sense of responsibility extends to the people and communities around its Wardha plant. From improving access to education and healthcare to creating skill development programs that open doors to employment, Evonith Steel invests in initiatives that make a real difference in people’s lives. The goal is not just to give back, but to create opportunities that help entire communities grow stronger and more self-reliant.

For Evonith Steel, this is not just about following rules or meeting standards. It is about setting an example and proving that a company can grow while also caring for people and the planet. By staying true to what it believes in, the company is creating more than steel. It is helping to build a future that is modern, responsible, and fair for everyone.

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Connie Silveira

Corporate Social Responsibility (CSR)

Connie Silveira leads the Corporate Social Responsibility (CSR) function at Evonith Steel, bringing over 18 years of diverse experience in program design, stakeholder engagement, community development, and mental health advocacy. She has been instrumental in establishing Evonith Steel’s CSR department from the ground up—developing strategic frameworks, driving regionally relevant initiatives, and fostering strong relationships with local communities, government bodies, and development organizations. Her work has been pivotal in aligning the company’s social impact efforts with broader environmental and ethical standards. Her leadership is rooted in a deep understanding of community dynamics, backed by her academic background in Master’s in Applied Psychology. She has successfully led multi-stakeholder initiatives, implemented large-scale programs in education, health, sanitation, and empowerment, and championed sustainability reporting and compliance.

P. K. Patnaik

Vice President of Supply Chain Management

Meet PK Patnaik, an experienced professional with over 34 years of expertise in procurement, logistics, port operations, supply chain management, and the purchase of bulk raw materials and ferroalloys. PK Patnaik possesses strong leadership, analytical and coordination skills, and is competent in a diverse range of areas such as bulk raw material procurement, plant operations, and pelletization of iron ore and chrome ore. As a Vice President of Supply Chain Management at Evonith, his extensive knowledge of SE, East Coast, and SW Railways enables him to handle the movement of raw materials in rakes, cargo handling at port, and procurement of iron ore from PSUs like NMDC, OMC & Pellet from KIOCL.

R. K. Sharma

Industrial Relations and Human Resources professional

Meet Rama Kant Sharma, an Industrial Relations and Human Resources professional with 40 years of experience in Automobile, Petrochemical and Steel Industry (20 years).

RK, a graduate in Sociology & Economics along with PG Diploma in Personnel Management & Industrial Relations possesses excellent inter personal skills and successful track record in dealing with IR, HR & PR issues. Prior to joining Evonith Steel as Head – HR he has worked with a Public sector, RPG Enterprise, Bhansali Engineering, Monnet Ispat, Llyods Steel and Uttam Group and has held leadership positions as General Manager, President – HR and lastly Group President – Corporate Affairs.

He has been honored as one of the Top 100 HR Leaders in India by World HRD Congress in 2015.

Manish Bawa

Chief Marketing Officer

Meet Manish Bawa, who joined Evonith as an assistant manager, after accumulating 29 years of extensive steel industry experience. He has previously worked with organizations such as JSW and Lloyd Steel. Manish is also an XLRI alumnus for strategic management, and he holds a Master’s in Business Administration (Marketing) from Pune’s top Symbiosis college. At Evonith, Manish has shown diligent and persistent results, which have helped him rise through the ranks fast. Today, Manish is Evonith’s Chief Marketing Officer, and his dedication and innovation is just as fresh today as it was on the day that he started.

Ratnaprasad Atluri

Chief Operating Officer

Ratnaprasad Atluri is a seasoned professional with over 40 years of experience in operations and project management within the steel industry. His career in the steel industry began with a position at the Visakhapatnam Steel Plant. He has held key roles at reputable organisations, including JSW and Essar Steel, and currently serves as the Chief Operating Officer at Evonith Steel. Ratnaprasad applied his extensive industry expertise to successfully steer Evonith Steel’s plant at Wardha to operational success, all while prioritising efficiency.

Anil Bangur

Chief Executing Officer

Meet Anil Bangur, Evonith Steel’s Chief Executing Officer. Anil, an associate member of the Institute of Chartered Accountants of India, is a gold medalist from India’s prestigious Banaras Hindu University. His 25 years of industry experience comes from different core areas, such as finance, accounting, taxation and operations, making him a valuable asset for Evonith Steel.

His insight into commercial and operations management in the metals and mining industry is probably one of the best among his peers. Before joining Evonith Steel as a CEO, Anil previously served as the CFO of Zambia’s Luanshya Copper Mines, Chambishi Metals Plc, and ENRC Africa’s Copper and Cobalt division.

Rajib Guha

Non-Executive Director

Meet Rajib Guha. He brings over 20 years of valuable experience in investment banking, capital markets and global M&As to the Nithia Capital table. And what’s more, is that he has proven his mettle in different geographical regions across the world. His experience is backed by an enviable educational background, for he holds a CFA Charter and a Masters in Business Administration.

Before joining the Nithia family, Rajib served as the Chief Investment Officer at Zamin Resources, Managing Director (Emerging Markets) at Royal Bank of Canada, Vice President at Citibank(London), and Vice President at JM Morgan Stanley.

Jai Saraf

Chairman

Meet Jai Saraf, accounting expert and founder of Nithia Capital. Jai is an industry stalwart with over 30 years of experience in mergers and acquisitions, particularly in the metals and mining industry. Armed with a Masters in Business and Finance that complements his in-depth knowledge of the industry, Jai serves as the efficient CEO steering the Nithia Capital ship today.  Before founding Nithia Capital, Jai held other important positions; such as the CFO of Eurasian Resources Group (formerly Eurasian Natural Resources Corporation), CEO of International Mineral Resources, CEO of Turchrome Group, and Financial Director for Mittal Steel (now ArcelorMittal), where he oversaw various financial and operational functions.|

Jai is the backbone of our company and the perfect ambassador for all our values.

Table of contents

Evonith Steel: Redefining the Future of Steel

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Connie Silveira

P. K. Patnaik

R. K. Sharma

Manish Bawa

Ratnaprasad Atluri

Anil Bangur

Rajib Guha

Jai Saraf