as nse tatasteel bse 500470 bse sensex constituent cnx nifty constituent industry steel founded 25 august 1907 ; 109 years ago 1907 08 25 founder jamshedji tata headquarters mumbai maharashtra india 1 area served worldwide key people cyrus pallonji mistry chairman t. v. narendran managing director products steel flat steel products long steel products wire products plates revenue 135 278 crore us 20 billion 2015 2 operating income 12 535 crore us 1.9 billion 2015 2 profit 3 955 crore us 590 million 2015 2 total assets 104 652 crore us 16 billion 2015 2 number of employees 79 647 2015 2 parent tata group subsidiaries tata steel europe website www.tatasteel.com tata steel limited formerly tata iron and steel company limited tisco is an indian multinational steel making company headquartered in mumbai maharashtra india and a subsidiary of the tata group . it was the 11th largest steel producing company in the world in 2013 with an annual crude steel capacity of 25.3 million tonnes and the second largest steel company in india measured by domestic production with an annual capacity of 9.7 million tonnes after sail 3 tata steel s jamshedpur plant at night tata steel has manufacturing operations in 26 countries including australia china india the netherlands singapore thailand and the united kingdom and employs around 80 500 people . 2 its largest plant is located in jamshedpur jharkhand . in 2007 tata steel acquired the uk based steel maker corus . 4 2 it was ranked 486th in the 2014 fortune global 500 ranking of the world s biggest corporations . 5 it was the seventh most valuable indian brand of 2013 as per brand finance . 6 7 8 contents 1 history 2 acquisitions 3 operations 3.1 expansion plans 4 shareholding 5 awards and recognitions 6 controversies 7 major competitors 8 products 9 references 10 external links history edit tata iron and steel company was founded by jamshedji tata and established by dorabji tata on 26 august 1907 as part of his father jamsetji s tata group . 9 10 11 by 1939 it operated the largest steel plant in the british empire . the company launched a major modernization and expansion program in 1951 . later in 1958 the program was upgraded to 2 million metric tonnes per annum mtpa project . 9 by 1970 the company employed around 40 000 people at jamshedpur with a further 20 000 in the neighbouring coal mines . 10 in 1971 and 1979 there were unsuccessful attempts to nationalise the company . 10 in 1990 it started expansion plan and established its subsidiary tata inc. in new york . the company changed its name from tisco to tata steel in 2005 . 12 tata steel on thursday 12 feb 2015 announced buying three strip product services centres in sweden finland and norway from ssab to strengthen its offering in nordic region.the company however did not disclose value of the transactions . 13 acquisitions edit natsteel in 2004 in august 2004 tata steel agreed to acquire the steel making operations of the singapore based natsteel for 486.4 million in cash . 14 natsteel had ended 2003 with turnover of 1.4 billion and a profit before tax of 47 million . 14 the steel businesses of natsteel would be run by the company through a wholly owned subsidiary called natsteel asia pte ltd. 14 the acquisition was completed in february 2005 . 15 16 at the time of acquisition natsteel had a capacity of about 2 million tonnes per annum of finished steel . 16 17 millennium steel in 2005 tata steel acquired a majority stake in the thailand based steelmaker millennium steel for a total cost of 130 million . it paid us 73 million to siam cement for a 40 % stake and offered to pay 1.13 baht per share for another 25 % of the shares of other shareholders . 18 19 for the year 2004 millennium steel had revenues of us 406 million and a profit after tax of us 29 million . 17 at the time of acquisition millennium steel was the largest steel company in thailand with a capacity of 1.7 million metric tonnes per annum producing long products for construction and engineering steel for auto industries . 17 millennium steel has now been renamed to tata steel thailand and is headquartered in bangkok . 20 on 31 march 2013 it held approx . 68 % shares in the acquired company . 2 corus in 2007 on 20 october 2006 tata steel signed a deal with anglo dutch company corus to buy 100 % stake at 4.3 bn 8.1 billion at 455 pence per share . 21 on 19 november 2006 the brazilian steel company companhia sider rgica nacional csn launched a counter offer for corus at 475 pence per share valuing it at 4.5 billion . on 11 december 2006 tata preemptively upped its offer to 500 pence per share which was within hours trumped by csn s offer of 515 pence per share valuing the deal at 4.9 billion . the corus board promptly recommended both the revised offers to its shareholders . on 31 january 2007 tata steel won their bid for corus after offering 608 pence per share valuing corus at 6.7 billion 12 billion . in 2005 corus employed around 47 300 people worldwide including 24 000 in the uk . 21 at the time of acquisition corus was four times larger than tata steel in terms of annual steel production.corus was the world s 9th largest producer of steel whereas tata steel was at 56th position . the acquisition made tata steel world s 5th largest producer of steel . 21 see also tata corus acquisition 2 rolling mill companies in vietnam in 2007 tata steel through its wholly owned singapore subsidiary natsteel asia pte ltd acquired controlling stake in two rolling mill companies located in vietnam structure steel engineering pte ltd 100 % stake and vinausteel ltd 70 % stake . the enterprise value for the acquisition was 41 million . with this acquisition tata steel got hold of two rolling mills a 250k tonnes per year bar wire rod mill operated by sse steel ltd and a 180k tonnes per year reinforcing bar mill operated by vinausteel ltd. 22 23 operations edit the tata centre in kolkata india tata steel is headquartered in mumbai maharashtra india and has its marketing headquarters at the tata centre in kolkata west bengal . it has a presence in around 50 countries with manufacturing operations in 26 countries including india malaysia vietnam thailand uae ivory coast mozambique south africa australia united kingdom the netherlands france and canada . 24 tata steel primarily serves customers in the automotive construction consumer goods engineering packaging lifting and excavating energy and power aerospace shipbuilding rail and defence and security sectors . 25 expansion plans edit tata steel has set a target of achieving an annual production capacity of 100 million tons by 2015 ; it is planning for capacity expansion to be balanced roughly 50 50 between greenfield developments and acquisitions . 26 27 overseas acquisitions have already added an additional 21.4 million tonnes of capacity including corus 18.2 million tonnes natsteel 2 million tonnes and millennium steel 1.2 million tonnes . tata plans to add another 29 million tonnes of capacity through acquisitions . 26 27 major greenfield steel plant expansion projects planned by tata steel include 26 1 . a 6 million tonne per annum capacity plant in kalinganagar odisha india ; 28 2 . an expansion of the capacity of its plant in jharkhand india from 6.8 to 10 million tonnes per annum ; 28 3 . a 5 million tonne per annum capacity plant in chhattisgarh india tata steel signed a memorandum of understanding with the chhattisgarh government in 2005 ; the plant is facing strong protest from tribal people ; 29 4 . a 3 million tonne per annum capacity plant in iran ; 30 31 5 . a 2.4 million tonne per annum capacity plant in bangladesh ; 32 6 . a 10.5 million tonne per annum capacity plant in vietnam feasibility studies are underway ; and 33 7 . a 6 million tonne per annum capacity plant in haveri karnataka . 34 shareholding edit as on 31 march 2013 tata group held 31.35 % shares in tata steel . over 1 million individual shareholders hold approx . 21 % of its shares . life insurance corporation of india is the largest non promoter shareholder in the company with 14.88 % shareholding . 2 35 shareholders shareholding 2 promoters tata group companies 31.35 % insurance companies 21.81 % individual shareholders 22.03 % foreign institutional investors 15.35 % gdrs 02.41 % others 07.05 % total 100.0 % the equity shares of tata steel are listed on the bombay stock exchange 36 where it is a constituent of the bse sensex index 37 and the national stock exchange of india 38 where it is a constituent of the s & p cnx nifty . 39 its global depository receipts gdrs are listed on the london stock exchange 40 and the luxembourg stock exchange . 41 42 awards and recognitions edit tata steel was awarded the 2015 world s most ethical company award under the metals category by the ethisphere institute . this was the third time that tata steel won this award . 43 the ministry of steel awarded tata steel the prime minister s trophy for best performing integrated steel plant in the year 2010 11 thus making it the eighth time that tata steel received this award since the trophy s institution in 1992 93 . 44 in 2014 tata steel received the top indian company in the iron and steel sector dun & bradstreet corporate award 2014 after entering the list of india s top 500 companies published by dun & bradstreet and excelling along various business and social parameters . 45 in the year 2013 tata steel was ranked india s 7th most admired company by fortune magazine . it was india s most admired company in 2012 . 46 47 in 2013 tata steel received the make award most admired knowledge enterprises award for 2012 at global and asian level . the company has previously been recognised by the indian make awards on six accounts since its inception in 2005 . 48 it won the golden peacock award in 2009 for its corporate social responsibility csr initiatives . 49 50 in 1996 the tata bearings division was awarded the best of all rajiv gandhi national quality award 51 in 2008 tata steel was awarded deming application prize for excellence in total quality management . 52 53 in 2012 tata steel became the first integrated steel company in the world to be awarded the deming grand prize . 54 55 the company is part of the composite dow jones sustainability world index djsi world since 2008 . djsi world comprises leaders in sustainability the top 10 % in terms of performance selected on the basis of long term economic environmental and social criteria from the largest 2500 companies in the world . 52 56 the company features in the climate disclosure leadership index of cdp see carbon disclosure project . its disclosure received 97 % cdli 57 score in cdp 2014 85 % in cdp 2013 that is rated highest amongst global steelmaking companies and highest amongst materials sector in india . 58 tata steel s climate disclosure received highest rating of 100 % cdli 59 score in cdp 2015 97 % in cdp 2013 . thus for two consecutive years tata steel has remained highest rated company amongst global steelmaking companies . in 2015 it became one of the four highest rated companies in india only one being from material sector ; other three are from it sector . 60 tata steel was ranked 110th among india s most trusted brands according to the brand