Born in August 1933 to an agriculturists family in a small village of eastern Uttar Pradesh, Shri Basant Lall Shaw is one of the most prominent visionaries and steel industry leaders. Back in the day, no steel was produced in the country, and all of it was imported from England. However, inspired by Mahatma Gandhi and the swadeshi movement, Shri Shaw saw a dream he set out to fulfill.

In the 1960s, Shri Basant Lall Shaw lay the foundations of what has become today the flagship company of the NECO Group. Spread over 2200 acres and in production since 1976, Jayaswal NECO Industries Limited specializes in the production of large-scale iron and steel castings. Driven by innovation and powered by technology, the NECO Group of Industries have earned a reputation in the industry for its high-quality fabricated specialty steel products.