MSTC Limited: Difference between revisions

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{{Cleanup rewrite|date=July 2021}}
{{short description|Indian e-commerce company}}
{{Use dmy dates|date=July 2016}}
{{Use dmy dates|date=July 2016}}
{{Use Indian English|date=July 2016}}
{{Use Indian English|date=July 2016}}
{{Infobox company
{{Infobox company
| name = '''MSTC Limited'''
| name = '''MSTC Limited'''
| image_caption = MSTC Ltd Headquarters in Kolkata
| native_name = '''MSTC Limited'''
| native_name = '''MSTC Limited'''
| native_name_lang = hi
| native_name_lang = hi
| logo = Mstc logo big.png
| logo = Mstc logo big.png
| type = [[Government of India|Government of India Enterprise]]
| image = MSTC HQ NewTown Kolkata.jpg
| type = [[Public sector undertakings in India|Central Public Sector Undertakings]]
| traded_as = {{BSE|542597}} <br/>{{NSE|MSTCLTD}}
| traded_as = {{BSE|542597}} <br/>{{NSE|MSTCLTD}}
| key_people = S.K.Gupta {{small|(Chairman & Managing Director)}}
| key_people = Manobendra Ghoshal {{small|(Chairman & Managing Director)}}
| industry = E-commerce
| industry = E-commerce
| products = E-auction, e-procurement, e-sales, retail software
| products = E-auction, e-procurement, e-sales, retail software
| foundation = {{Start date|9 September 1964}}
| revenue = {{decrease}} {{INRConvert|879.16|c}} (2022)<ref name=2022FY>{{Cite web |date=2023-05-23 |title=MSTC Ltd consolidated Q4 FY2023 PAT increases QoQ to Rs. 76.95 crores |url=https://www.equitybulls.com/category.php?id=332669 |access-date=2023-06-09 |website=EquityBulls}}</ref>
| foundation = {{Start date|1964|09|09|df=y}}
| location = Kolkata
| location = Kolkata
| owner = [[Government of India]]
| net_income = {{increase}} {{INRConvert|199.09|c}} (2022)<ref name=2022FY/>
| parent = [[Ministry of Steel]], [[Government of India]]
| owner = [[Ministry of Steel]], [[Government of India]]
| parent =
| homepage = [http://www.mstcindia.co.in/index.html www.mstcindia.co.in]
| homepage = [http://www.mstcindia.co.in/index.html www.mstcindia.co.in]
}}
}}


'''MSTC Limited''' (formerly known as Metal Scrap Trade Corporation Limited) is a [[Government of India|government enterprise]] involved in diversified e-commerce services. Its corporate office is in [[Kolkata]], West Bengal with regional branch offices in other cities. It is under the [[ownership]] of [[Ministry of Steel]], [[Government of India]]. This [[Government of India|government enterprise]] has reported Net Profit of INR 112.95 crore for fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees (as on 31 March 2020).
'''MSTC Limited''' (formerly known as Metal Scrap Trade Corporation Limited) is a [[Public sector  undertakings in India|central public sector undertakings]] under the [[Ministry of Steel]], [[Government of India]]. It is involved in diversified e-commerce services. Its corporate office is in [[Kolkata]], [[West Bengal]] with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for the fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees (as on 31 March 2020).


MSTC renders service to various [[e-commerce]] sectors, including [[e-auction]], [[e-procurement]], high sea sales, e-sales, and retail software. MSTC recently developed software to conduct online draw for new LPG distribution ship scheme which was conducted by state run oil marketing companies all over India.<ref>{{cite news | url=https://www.business-standard.com/article/economy-policy/lpg-dealership-expansion-gains-pace-117122800030_1.html | title=LPG dealership expansion gains pace | date=28 December 2017 | newspaper=Business Standard | first=Shine | last=Jacob | access-date=30 May 2019|url-access=subscription}}</ref> MSTC is also in the process{{as of?|date=July 2021}} of developing an online portal on behalf of the government for selling state-owned entities through an [[English auction]] system.<ref>{{cite web|url=http://www.business-standard.com/article/companies/e-bidding-govt-to-explore-english-auction-system-for-disinvestment-118050700039_1.html|title=E-bidding: Govt to explore English auction system for disinvestment|first=Arindam|last=Majumder|date=7 May 2018|via=Business Standard|url-access=subscription}}</ref>
MSTC renders service to various [[e-commerce]] sectors, including [[e-auction]], [[e-procurement]], high sea sales, e-sales, and retail software. MSTC had developed software to conduct an online draw for the new LPG distribution ship scheme, which was conducted by state-run oil marketing psu's all over India.<ref>{{cite news | url=https://www.business-standard.com/article/economy-policy/lpg-dealership-expansion-gains-pace-117122800030_1.html | title=LPG dealership expansion gains pace | date=28 December 2017 | newspaper=Business Standard | first=Shine | last=Jacob | access-date=30 May 2019|url-access=subscription}}</ref> MSTC as of 2018 was also in the process of developing an online portal for divestment of state-owned entities through an [[English auction]] system.<ref>{{cite news|url=http://www.business-standard.com/article/companies/e-bidding-govt-to-explore-english-auction-system-for-disinvestment-118050700039_1.html|title=E-bidding: Govt to explore English auction system for disinvestment|first=Arindam|last=Majumder|newspaper=Business Standard India|date=7 May 2018|via=Business Standard|url-access=subscription}}</ref>


The company has its head office in Kolkata, West Bengal; four regional offices in Kolkata, Delhi, Mumbai and Chennai; and branch offices in Chandigarh, Jaipur, Vadodara, Bhopal, Bhubaneswar, Guwahati, Bangalore, Lucknow, Ranchi, Raipur, Vijaywada, Trichy, Vizag, Trivandrum, and Hyderabad. MSTC has recently{{when|date=July 2021}} opened two new site office at Patna and Dehradun. It also has a subsidiary PSU company, FSNL (Ferro Scrap Nigam Limited).<ref>http://www.fsnl.nic.in/aboutus.html</ref>
The PSU has its head office in Kolkata, West Bengal; four regional offices in Kolkata, Delhi, Mumbai, and Chennai; and branch offices in Chandigarh, Jaipur, Vadodara, Bhopal, Bhubaneswar, Guwahati, Bangalore, Lucknow, Ranchi, Raipur, Vizag, Trivandrum, Hyderabad, Patna, and Dehradun. FSNL (Ferro Scrap Nigam Limited) was a subsidiary of MSTC which was disinvested in 2025 to Konoike Transport Co. Ltd, a Japanese corporation for Rs. 320 crores.<ref>{{cite web | url=http://www.fsnl.nic.in/about-us.php | title=FSNL - Ferro Scrap Nigam Ltd }}</ref>


== History ==
== History ==
* 1964 - incorporated as a regulatory body for export of scrap
* 1964 - Incorporated as a regulatory body for the export of scrap.
* 1982 - independent company under [[Ministry of Steel]]
* 1982 - Independent company under [[Ministry of Steel]].
* 2002 - awarded Miniratna Category-II status
* 2002 - Awarded Miniratna Category-II status.
* 2004 - started auctioning of coal
* 2004 - Started auctioning of coal.
* 2005 - awarded Miniratna Category-I status
* 2005 - Awarded Miniratna Category-I status.
* 2007 - started e-auction of manganese ore
* 2007 - Started e-auction of manganese ore.
* 2011 - started e-auction of iron ore in Karnataka, and human hair<ref>{{cite web|url=http://www.business-standard.com/article/companies/q-a-s-k-tripathi-cmd-mstc-111113000016_1.html|title=Q&A: S K Tripathi, CMD, MSTC|first=Shine|last=Jacob|date=30 November 2011|via=Business Standard}}</ref>
* 2011 - Started e-auction of iron ore in Karnataka and human hair.<ref>{{cite news|url=http://www.business-standard.com/article/companies/q-a-s-k-tripathi-cmd-mstc-111113000016_1.html|title=Q&A: S K Tripathi, CMD, MSTC|first=Shine|last=Jacob|newspaper=Business Standard India|date=30 November 2011|via=Business Standard}}</ref>
* 2012 - started e-auction of chrome ore, baryte, raw pet coke
* 2012 - Started e-auction of chrome ore, baryte, raw pet coke.
* 2013 - started e-auction of forest produces
* 2013 - Started e-auction of forest products.
* 2014 - started e-auction of iron ore in GOA and red sanders wood in Andhra Pradesh<ref>{{cite web|url=http://www.thehindu.com/news/national/andhra-pradesh/stage-set-for-eauction-of-red-sanders/article6242256.ece|title=Stage set for e-auction of red sanders|first=Andhra Pradesh|last=Bureau|date=24 July 2014|via=www.thehindu.com}}</ref>
* 2014 - Started e-auction of iron ore in Goa and red sanders wood in Andhra Pradesh.<ref>{{cite news|url=http://www.thehindu.com/news/national/andhra-pradesh/stage-set-for-eauction-of-red-sanders/article6242256.ece|title=Stage set for e-auction of red sanders|first=Andhra Pradesh|last=Bureau|newspaper=The Hindu|date=24 July 2014|via=www.thehindu.com}}</ref>
* 2015 - e-auction of [[Coal mining in India|coal mine]] blocks<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/mstc-to-conduct-e-auction-of-coal-blocks-mjunction-cries-foul/articleshow/46036913.cms|title=MSTC to conduct E-auction of coal blocks, mjunction cries foul|first=Rakhi|last=Mazumdar|date=7 May 2018|via=The Economic Times}}</ref> and regassified LNG<ref>{{cite web|url=https://www.livemint.com/Industry/3Sc2Ol451XRGEi9qJsO5xO/Bidding-starts-for-imported-LNG-subsidy-16-power-companies.html|title=Bidding starts for imported LNG subsidy; 16 power companies in fray|last=PTI|date=15 September 2015}}</ref>
* 2015 - E-auction of [[Coal mining in India|coal mine]] blocks<ref>{{cite news|url=https://economictimes.indiatimes.com/industry/indl-goods/svs/metals-mining/mstc-to-conduct-e-auction-of-coal-blocks-mjunction-cries-foul/articleshow/46036913.cms|title=MSTC to conduct E-auction of coal blocks, mjunction cries foul|first=Rakhi|last=Mazumdar|date=7 May 2018|newspaper=The Economic Times}}</ref> and regassified LNG.<ref>{{cite web|url=https://www.livemint.com/Industry/3Sc2Ol451XRGEi9qJsO5xO/Bidding-starts-for-imported-LNG-subsidy-16-power-companies.html|title=Bidding starts for imported LNG subsidy; 16 power companies in fray|last=PTI|work=mint |date=15 September 2015}}</ref>
* 2016 - developed e-bidding platform under [[Deen Dayal Upadhyaya Gram Jyoti Yojana|DDUGJY]] & IPDS, DEEP and allocation of marginal oil field<ref>{{cite web|url=http://www.business-standard.com/article/economy-policy/cabinet-awards-31-oil-blocks-to-22-firms-117021500790_1.html|title=Cabinet awards 31 oil blocks to 22 firms|first=Shine|last=Jacob|date=16 February 2017|via=Business Standard}}</ref>
* 2016 - Developed e-bidding platform under [[Deen Dayal Upadhyaya Gram Jyoti Yojana|DDUGJY]] & IPDS, DEEP and allocation of marginal oil field.<ref>{{cite news|url=http://www.business-standard.com/article/economy-policy/cabinet-awards-31-oil-blocks-to-22-firms-117021500790_1.html|title=Cabinet awards 31 oil blocks to 22 firms|first=Shine|last=Jacob|newspaper=Business Standard India|date=16 February 2017|via=Business Standard}}</ref>
* 2017 - developed ERAKAM portal to provide e-auction platform to sell agriculture produce<ref>{{Cite web|url=https://economictimes.indiatimes.com/news/economy/agriculture/government-launches-e-rakam-portal-for-selling-agri-produce/articleshow/59868582.cms|title=Government launches e-RaKAM portal for selling agri produce|via=The Economic Times}}</ref>
* 2017 - Developed ERAKAM portal to provide e-auction platform to sell agricultural produce.<ref>{{Cite news|url=https://economictimes.indiatimes.com/news/economy/agriculture/government-launches-e-rakam-portal-for-selling-agri-produce/articleshow/59868582.cms|title=Government launches e-RaKAM portal for selling agri produce|newspaper=The Economic Times}}</ref>
* 2018 - developed Online LPG Distributorship Draw Software for Oil Marketing Companies.<ref>{{Cite web|url=https://www.business-standard.com/article/economy-policy/lpg-dealership-expansion-gains-pace-117122800030_1.html|title=LPG dealership expansion gains pace|first=Shine|last=Jacob|date=28 December 2017|via=Business Standard}}</ref>
* 2018 - Developed Online LPG Distributorship Draw Software for Oil Marketing Companies.<ref>{{Cite news|url=https://www.business-standard.com/article/economy-policy/lpg-dealership-expansion-gains-pace-117122800030_1.html|title=LPG dealership expansion gains pace|first=Shine|last=Jacob|newspaper=Business Standard India|date=28 December 2017|via=Business Standard}}</ref>


== Domestic presence ==
== Presence in India ==
Mstc is headquartered in Kolkata  with address MSTC Ltd,Head office Plot no.CF-18/2, Street No.175, Action Area 1C, New Town, Kolkata - 700156
MSTC is headquartered in [[New Town, Kolkata]].


MSTC have offices at 21 locations across India.<ref>{{cite web|url=https://www.mstcindia.co.in/content/Contact.aspx|title=https://www.mstcindia.co.in/content/Contact.aspx|via=MSTC LTD}}</ref>  There are four Regional offices, 13 Branch offices and 3 site offices [[Patna]] ([[Bihar]]), Amravati and [[Tirupati]] (Andhra Pradesh).
MSTC have offices at 21 locations across India.<ref>{{cite web|url=https://www.mstcindia.co.in/content/Contact.aspx|via=MSTC LTD |title=Contact Us &#124; MSTC Limited }}</ref>  There are four regional offices, 13 branch offices and 1 site office [[Patna]] ([[Bihar]]).
* Regional Offices: ERO at [[Kolkata]], WRO at [[Mumbai]], SRO at [[Chennai]], NRO at [[New Delhi]].
* Regional Offices: ERO at [[Kolkata]], WRO at [[Mumbai]], SRO at [[Chennai]] and NRO at [[New Delhi]].
* Branch offices: [[Ranchi]], Guwahati, Bhuvaneswar, [[Lucknow]], Chandigarh, Bhopal, Raipur, Jaipur, Vadodara, Bangalore, Trivandrum, Vizag, Hyderabad.  
* Branch offices: [[Ranchi]], [[Guwahati]], [[Bhubaneswar]], [[Lucknow]], [[Chandigarh]], [[Bhopal]], [[Raipur]], [[Jaipur]], [[Vadodara]], [[Bangalore]], [[Trivandrum]], [[Vizag]] and [[Hyderabad]].  
* Site offices: [[Patna]] ( [[Bihar]]), Amravati and [[Tirupati]] (Andhra Pradesh).
* Site offices: [[Patna]] ([[Bihar]])


== Holding ==
== Ownership ==
The company is under the administrative control of [[Ministry of Steel]], Govt. of India. Currently 64.75% share of the company is held by Govt. of India.
The company is under the administrative control of [[Ministry of Steel]], Govt. of India. Currently 64.75% share of the company is held by Govt. of India.


== Joint venture ==
== CERO ==
CERO is a joint venture of MSTC Ltd. and [[Mahindra Group|Mahindra]] Accelo.<ref>{{cite web|url=https://economictimes.indiatimes.com/industry/auto/news/industry/mahindra-intertrade-and-mstc-sign-jv-to-set-up-auto-shredding-centre/articleshow/53599049.cms|title=Mahindra Intertrade and MSTC sign JV to set up auto shredding centre|first=Sharmistha|last=Mukherjee|date=8 August 2016|via=The Economic Times}}</ref> This JV company has set up the first auto shredding plant in India for recycling end of life vehicles and other white goods by converting these into shredded scrap which is a vital raw material of secondary steel plants.
CERO is a joint venture of MSTC Ltd. and [[Mahindra Group|Mahindra]] Accelo.<ref>{{Cite web |title=CERO (Mahindra MSTC Recycling Pvt. Ltd.) is India's First Authorized Recycler of Vehicles |url=https://www.mahindra.com/news-room/press-release/cero-mahindra-mstc-recycling-pvt-ltd-is-indias-first-authorized-recycler-of-vehicles |access-date=2022-04-16 |website=www.mahindra.com}}</ref> This Joint Venture company has set up the first auto shredding plant in India for recycling end of life vehicles and other white goods by converting these into shredded scrap which is a vital raw material of secondary steel plants, located in [[Greater Noida]].
 
== Financials ==
MSTC reported total income of Rs 879.16 crores during the financial year ended March 31, 2023, as compared to Rs 1123.32 crores during the financial year ended March 31, 2022. The company has posted a net profit of Rs 241.9567 crores for the financial year ended March 31, 2023, as against a net profit of Rs 199.0958 crores for the financial year ended March 31, 2022.<ref name="2022FY" />


== Awards ==
== Awards ==
Line 62: Line 69:


== External links ==
== External links ==
* [http://www.mstcindia.co.in/index.html MSTC]
* [http://www.mstcindia.co.in/index.html MSTC] {{Webarchive|url=https://web.archive.org/web/20190924183450/https://www.mstcindia.co.in/index.html |date=24 September 2019 }}
* [http://www.fsnl.co.in/ FSNL]
* [http://www.fsnl.co.in/ FSNL]
* [http://www.ddugjy.gov.in/portal/index.jsp DDUGJY]
* [http://www.ddugjy.gov.in/portal/index.jsp DDUGJY] {{Webarchive|url=https://web.archive.org/web/20190827134104/http://ddugjy.gov.in/portal/index.jsp |date=27 August 2019 }}
* [https://www.mstcecommerce.com/auctionhome/ppa/index.jsp DEEP]
* [https://www.mstcecommerce.com/auctionhome/ppa/index.jsp DEEP]
* [http://www.cerorecycling.com/about_cero CERO]
* [http://www.cerorecycling.com/about_cero CERO] {{Webarchive|url=https://web.archive.org/web/20190428041729/https://cerorecycling.com/about_cero |date=28 April 2019 }}
* [https://www.mstcecommerce.com/auctionhome/erakam/index.jsp ERAKAM]
* [https://www.mstcecommerce.com/auctionhome/erakam/index.jsp ERAKAM]


Latest revision as of 06:19, 20 July 2025


MSTC Limited
Native name
MSTC Limited
Traded asBSE: 542597
NSE: MSTCLTD
IndustryE-commerce
Founded9 September 1964 (1964-09-09)
HeadquartersKolkata
Key people
Manobendra Ghoshal (Chairman & Managing Director)
ProductsE-auction, e-procurement, e-sales, retail software
RevenueDecrease ₹879.16 crore (US$120 million) (2022)[1]
Increase ₹199.09 crore (US$28 million) (2022)[1]
OwnerMinistry of Steel, Government of India
Websitewww.mstcindia.co.in

MSTC Limited (formerly known as Metal Scrap Trade Corporation Limited) is a central public sector undertakings under the Ministry of Steel, Government of India. It is involved in diversified e-commerce services. Its corporate office is in Kolkata, West Bengal with regional branch offices in various other cities. The company reported a net profit of INR 112.95 crore for the fiscal year 2020-21. Incorporated on 9 September 1964, MSTC has 344 employees (as on 31 March 2020).

MSTC renders service to various e-commerce sectors, including e-auction, e-procurement, high sea sales, e-sales, and retail software. MSTC had developed software to conduct an online draw for the new LPG distribution ship scheme, which was conducted by state-run oil marketing psu's all over India.[2] MSTC as of 2018 was also in the process of developing an online portal for divestment of state-owned entities through an English auction system.[3]

The PSU has its head office in Kolkata, West Bengal; four regional offices in Kolkata, Delhi, Mumbai, and Chennai; and branch offices in Chandigarh, Jaipur, Vadodara, Bhopal, Bhubaneswar, Guwahati, Bangalore, Lucknow, Ranchi, Raipur, Vizag, Trivandrum, Hyderabad, Patna, and Dehradun. FSNL (Ferro Scrap Nigam Limited) was a subsidiary of MSTC which was disinvested in 2025 to Konoike Transport Co. Ltd, a Japanese corporation for Rs. 320 crores.[4]

History[edit | edit source]

  • 1964 - Incorporated as a regulatory body for the export of scrap.
  • 1982 - Independent company under Ministry of Steel.
  • 2002 - Awarded Miniratna Category-II status.
  • 2004 - Started auctioning of coal.
  • 2005 - Awarded Miniratna Category-I status.
  • 2007 - Started e-auction of manganese ore.
  • 2011 - Started e-auction of iron ore in Karnataka and human hair.[5]
  • 2012 - Started e-auction of chrome ore, baryte, raw pet coke.
  • 2013 - Started e-auction of forest products.
  • 2014 - Started e-auction of iron ore in Goa and red sanders wood in Andhra Pradesh.[6]
  • 2015 - E-auction of coal mine blocks[7] and regassified LNG.[8]
  • 2016 - Developed e-bidding platform under DDUGJY & IPDS, DEEP and allocation of marginal oil field.[9]
  • 2017 - Developed ERAKAM portal to provide e-auction platform to sell agricultural produce.[10]
  • 2018 - Developed Online LPG Distributorship Draw Software for Oil Marketing Companies.[11]

Presence in India[edit | edit source]

MSTC is headquartered in New Town, Kolkata.

MSTC have offices at 21 locations across India.[12] There are four regional offices, 13 branch offices and 1 site office Patna (Bihar).

Ownership[edit | edit source]

The company is under the administrative control of Ministry of Steel, Govt. of India. Currently 64.75% share of the company is held by Govt. of India.

CERO[edit | edit source]

CERO is a joint venture of MSTC Ltd. and Mahindra Accelo.[13] This Joint Venture company has set up the first auto shredding plant in India for recycling end of life vehicles and other white goods by converting these into shredded scrap which is a vital raw material of secondary steel plants, located in Greater Noida.

Financials[edit | edit source]

MSTC reported total income of Rs 879.16 crores during the financial year ended March 31, 2023, as compared to Rs 1123.32 crores during the financial year ended March 31, 2022. The company has posted a net profit of Rs 241.9567 crores for the financial year ended March 31, 2023, as against a net profit of Rs 199.0958 crores for the financial year ended March 31, 2022.[1]

Awards[edit | edit source]

  • Kolkata Best Employer Brand Awards 2017 by Employer Branding Institute, India[14]

References[edit | edit source]

  1. ↑ 1.0 1.1 1.2 "MSTC Ltd consolidated Q4 FY2023 PAT increases QoQ to Rs. 76.95 crores". EquityBulls. 23 May 2023. Retrieved 9 June 2023.
  2. ↑ Jacob, Shine (28 December 2017). "LPG dealership expansion gains pace". Business Standard. Retrieved 30 May 2019.
  3. ↑ Majumder, Arindam (7 May 2018). "E-bidding: Govt to explore English auction system for disinvestment". Business Standard India – via Business Standard.
  4. ↑ "FSNL - Ferro Scrap Nigam Ltd".
  5. ↑ Jacob, Shine (30 November 2011). "Q&A: S K Tripathi, CMD, MSTC". Business Standard India – via Business Standard.
  6. ↑ Bureau, Andhra Pradesh (24 July 2014). "Stage set for e-auction of red sanders". The Hindu – via www.thehindu.com. {{cite news}}: |last= has generic name (help)
  7. ↑ Mazumdar, Rakhi (7 May 2018). "MSTC to conduct E-auction of coal blocks, mjunction cries foul". The Economic Times.
  8. ↑ PTI (15 September 2015). "Bidding starts for imported LNG subsidy; 16 power companies in fray". mint.
  9. ↑ Jacob, Shine (16 February 2017). "Cabinet awards 31 oil blocks to 22 firms". Business Standard India – via Business Standard.
  10. ↑ "Government launches e-RaKAM portal for selling agri produce". The Economic Times.
  11. ↑ Jacob, Shine (28 December 2017). "LPG dealership expansion gains pace". Business Standard India – via Business Standard.
  12. ↑ "Contact Us | MSTC Limited" – via MSTC LTD.
  13. ↑ "CERO (Mahindra MSTC Recycling Pvt. Ltd.) is India's First Authorized Recycler of Vehicles". www.mahindra.com. Retrieved 16 April 2022.
  14. ↑ "Employer Branding Awards". employerbrandingawards.com.

External links[edit | edit source]

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