Tata Steel
Categories
#936
Rank
$20.66B
Marketcap
India
Country
Natarajan Chandrasekaran (Chairman, Non-Executive)
Noel Naval Tata (Vice-Chairman, Non-Executive)
Deepak Kapoor ( Independent Director)
Farida Khambata ( Independent Director)
Bharti Gupta Ramola (Independent Director)
V K Sharma (Independent Director)
Dr. Shekhar C. Mande (Independent Director)
Saurabh Agrawal ( Non-Executive Director)
Koushik Chatterjee ( Executive Director and Chief Financial Officer)
T. V. Narendran ( CEO & Managing Director )
Industrial Manufacturing
Summary
Tata Steel Limited manufactures and distributes steel products in India and internationally. It operates in Tata Steel India, Tata Steel Long Products, Other Indian Operations, Tata Steel Europe, Other Trade Related Operations, South-East Asian operations, and Rest of the World segments. The company offers hot-rolled (HR) and cold-rolled (CR) coated steel coils and sheets, precision tubes, tire bead wires, spring wires, and bearings, as well as auto ancillaries for the automotive market; and galvanized iron wires, agriculture and garden tools, and conveyance tubes, as well as fencing, farming, and irrigation equipment for the agriculture market. It also provides rebars, steel doors and windows, roofing sheets, plumbing pipes, tubes, prefabricated houses, water kiosks, modular toilets, office cabins, rooftop houses, EV charging stations, rebars and corrosion-resistance steels, cut and bend bars, PC strands, and ground granulated blast furnace slags for individual house builders, corporate and government bodies, infrastructure companies, and housing and commercial customers in the construction market. In addition, the company offers CR, coated, HR, tube, wire rod, ferro chrome and manganese, boiler tube, pipes, ferroshot, blast furnace slag, coal tar, and metallic coated coil and sheet products for use in panels and appliances, fabrication and capital goods, furniture, Liquid Petroleum Gas cylinders, solar, heavy vehicles, consumer and industrial packaging, and welding applications, as well as the process industries, such as cement, power, and steel in the industrial and general engineering markets. The company was incorporated in 1907 and is based in Mumbai, India.
History
Tata Iron and Steel Company was founded by Jamsetji Nusserwanji Tata and established by Sir Dorabji Tata on 26 August 1907. TISCO started pig iron production in 1911 and began producing steel in 1912 as a branch of Jamsetji's Tata Group. The first steel ingot was manufactured on 16 February 1912. During the First World War , the company made rapid progress.
In 1920, The Tata Iron & Steel Company also incorporated The Tinplate Company of India Ltd , as a joint venture with then Burmah Shell to manufacture Tinplate. TCIL is now Tata Tinplate and holds 70% market share in India.
By 1939, it operated the largest steel plant in the British Empire. The company launched a major modernisation and expansion program in 1951. Later, in 1958, the program was upgraded to 2 million metric tonnes per annum project. By 1970, the company employed around 40,000 people at Jamshedpur, and a further 20,000 in the neighbouring coal mines.In November 2021, Tata Steel was the most profitable company in the Tata Group.
There were two attempts one in 1971 and another in 1979, nationalise the company. Both were unsuccessful attempts. In 1971 Indira Gandhi regime tried to nationalise the company, but failed. In 1979 Janata Party regime , wanted to nationalise TISCO . Then Minister for Industries George Fernandes, at the instigation of Biju Patnaik, Minister for Steel threatened nationalisation, but due to the unions protests the move failed.In 1990, the company began to expand, and established its subsidiary, Tata Inc., in New York. The company changed its name from TISCO to Tata Steel Ltd. in 2005.
Mission
Tata Steel strives to strengthen India's industrial base through effective utilization of staff and materials. The means envisaged to achieve this are cutting edge technology and high productivity, consistent with modern management practices.
Vision
We aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship.
Key Team
Dr. Sudhakar Ramamoorthy Marur (Chief Technology Officer)
Jayanta Banerjee (Chief Information Officer)
Ritu Raj Sinha (Chief of Corp. Admin.)
Parvatheesam Kanchinadham (Company Sec., Compliance Officer & Chief Legal Officer (Corp. & Compliance))
Praveen Sood (Chief of Corp. & International Taxation)
Sarvesh Kumar (Chief of Corp. Communication)
Siddharth Mishra (Chief of Marketing & Sales)
References
Natarajan Chandrasekaran (Chairman, Non-Executive)
Noel Naval Tata (Vice-Chairman, Non-Executive)
Deepak Kapoor ( Independent Director)
Farida Khambata ( Independent Director)
Bharti Gupta Ramola (Independent Director)
V K Sharma (Independent Director)
Dr. Shekhar C. Mande (Independent Director)
Saurabh Agrawal ( Non-Executive Director)
Koushik Chatterjee ( Executive Director and Chief Financial Officer)
T. V. Narendran ( CEO & Managing Director )
Industrial Manufacturing