Suparjya Swain 
BHUBANESWAR: known for his visionary leadership and strategic thinking, Pankaj Lochan Mohanty, Chairman and Managing Director of MGM Group of Companies, MGM Group has emerged as a leader in Odisha’s industrial landscape, particularly in the iron and steel sector, while also making significant strides in renewable energy and textiles. Renowned for his forward-looking approach and dedication to sustainable growth, Mr. Mohanty shares his insights on the strategies that have driven the company’s success and his plans to further diversify and expand MGM’s influence across key industries, all while maintaining a strong commitment to community development and environmental responsibility.
Iron and Steel: A Pillar of Odisha’s Industry
MGM Group, under Mohanty’s leadership, has cemented itself as a leader in Odisha’s iron and steel sector. The company’s iron ore mines produce 1.5 million tonnes annually, earning it a 6-star rating from the Indian Bureau of Mines and multiple ISO certifications. Mohanty’s forward-thinking approach is clear in the expansion of MGM’s steel operations at Nimidha in Dhenkanal. The group is in the process of converting the plant into a mini-steel plant capable of producing over 40 million tonnes of steel, while directly creating 1,000 jobs.
Green Energy and Diversification
Not content with success in iron and steel alone, Mohanty is steering MGM into new sectors that align with modern environmental and sustainability goals. The group’s plans for a 10 MW solar power project mark their entrance into renewable energy, showcasing Mohanty’s commitment to greener business practices. Additionally, MGM is expanding into the textile industry, setting up a garment factory that will employ over 1,000 women, a significant step towards female empowerment in rural Odisha.
Nurturing Odisha’s Sports Talent
As the President of the Odisha Cricket Association, Mohanty has become a driving force behind sports development in the state. One of his most exciting recent initiatives is the partnership with Ravi Shastri’s Coaching Beyond Academy, which is designed to nurture young cricket talent. This collaboration further emphasizes MGM’s commitment to community development by creating pathways for athletes to grow and succeed on both national and international stages.
Luxury Hospitality: Tapping Into Tourism
Odisha’s tourism industry is on the rise, thanks in part to government initiatives like the Puri Heritage Corridor and the upcoming Puri International Airport. MGM Group is seizing the opportunity by investing in a 5-star luxury hotel and resort along Puri’s New Marine Drive. This venture is part of Mohanty’s broader strategy to diversify MGM’s portfolio while contributing to the state’s economic development through tourism.
Social Responsibility and Philanthropy
Pankaj Lochan Mohanty’s sense of responsibility extends beyond business, reflecting his deep commitment to philanthropy. Recently, he donated Rs. 1 crore towards the Shree Mandira Parikrama Project of the Jagannath Temple in Puri, further solidifying his support for preserving Odisha’s cultural heritage. Additionally, MGM is planning to establish a cardiac and neuro hospital near Bhubaneswar, reflecting the group’s dedication to improving healthcare infrastructure in the state.
A Legacy of Integrity and Progress
Pankaj Lochan Mohanty’s leadership of MGM Group is defined by his ability to blend business success with social responsibility. His ventures into renewable energy, textiles, sports, and luxury hospitality reflect a holistic vision for Odisha’s growth. Mohanty’s ethical approach to business, combined with his philanthropic efforts, ensures that MGM Group’s impact will be felt across generations, not only in the state’s industrial landscape but also in the lives of its people.
As MGM Group continues to expand and evolve under his leadership, Pankaj Lochan Mohanty’s legacy as a forward-thinking, compassionate business leader remains firmly in place.
