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India's top 10 companies

April 22, 2008

9. Tata Steel

Sales in 2007: Rs 25117.78 crore

Tata Steel is the ninth largest company in India with a sales turnover of Rs Rs 25117.78 crore. Established in 1907, Tata Steel is the world's 6th largest steel company with an existing annual crude steel capacity of 28 million tonnes.

It has operations in 24 countries and commercial presence in over 50 countries. Ratan Tata is the chairman of Tata Steel and B Muthuraman is its managing director.

Founded by Jamsetji Nusserwanji Tata, Tata Steel completed 100 glorious years of existence on August 26, 2007. The first private sector steel plant which started with a production capacity of 1,00,000 tonnes has today transformed into a global giant.

The company also has three greenfield steel projects in the states of Jharkhand, Orissa and Chhattisgarh and proposed steel making facilities in Vietnam and Bangladesh. Through investments in Corus, Millennium Steel (renamed Tata Stee Thailand) and NatSteel Asia, Singapore, the Tata Steel has created a manufacturing and marketing network in Europe, South East Asia and the Pacific-rim countries.

Tata Steel's vision is to be the global steel industry benchmark for value Creation and corporate citizenship. Tata Steel is one of the few steel companies in the world that is Economic Value Added (EVA) positive. It was ranked the 'World's Best Steel Maker', for the third time by World Steel Dynamics in its annual listing in February, 2006. Tata Steel has been conferred the Prime Minister of India's Trophy for the 'Best Integrated Steel Plant' five times.

Image:Ratan Tata, chairman of one of India's largest conglomerates Tata Group, during the 100th annual general meeting of group subsidiary Tata Steel in Mumbai | Photograph: Sajjad Hussain/AFP/Getty Images

Also read: Ratan Tata and the Tata legacy
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