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Tata Steel

Tata Steel
Company nameTata Steel Group India
Company typePublic (BSE - 500470)
SloganRedefining the power of people
Founder(s)Dorabji Tata
HeadquartersMumbai, Maharashtra, India
Area servedWorldwide
Key peopleRatan Tata (Chairman)
B Muthuraman (Vice Chairman)
HM Nerurkar (MD)
ProductsHot and cold rolled coils and sheets
Wire and rods
Construction bars
Structurals and forging quality steel
Revenue(-) $22.741 billion (2010)
Net income(+) $-423.5 million (2010)
Total assets(+) $24.446 billion (2010)
Total equity(+) $5.082 billion (2010)
Employees34,101 (2010)
ParentTata Group
SubsidiaryTata Steel Europe

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Tata Steel (BSE - 500470) (formerly TISCO and Tata Iron and Steel Company Limited) is a multinational steel company headquartered in Jamshedpur, India and owned by Tata Group. It is the world's seventh-largest steel company, with an annual crude steel capacity of 31 million tonnes, and the largest private-sector steel company in India measured by domestic production. Tata Steel is also India's second-largest and second-most profitable private-sector company, with consolidated revenues of 132110 Crore and net profit of over 12350 Crore in the year ended March 31, 2008. Tata Steel is the eighth most-valuable Indian brand according to an annual survey conducted by Brand Finance and The Economic Times in 2010. It is currently ranked 410th in the Fortune Global 500.

Tata Steel's largest plant is located in Jamshedpur, Jharkhand, with its recent acquisitions, the company has become a multinational with operations in various countries. The Jamshedpur plant contains the DCS supplied by Honeywell.The registered office of Tata Steel is in Mumbai. The company was also recognized as the world's best steel producer by World Steel Dynamics in 2005. The company is listed on Bombay Stock Exchange and National Stock Exchange of India, and employs about 82,700 people (as of 2007). In August 2007 Tata Steel won the bid to acquire the UK-based steel maker Corus in what was, to date, the largest international acquisition by an Indian company. It made the Tata Group the world's fifth largest steel maker, and catapulted them to the global league.

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