Tata Steel: We also make Tomorrow
Transforming for tomorrow
Founded over 150 years ago, the history of Tata group embodies, in many ways, the history of entrepreneurship, philanthropy and compassionate capitalism in India, and increasingly, the world. Explore its vibrant history through a set of timelines that briefly highlight major milestones in its growth.
Frequently Asked Questions
Formerly known as Tata Iron and Steel Company Limited (TISCO), Tata Steel is among the largest steel producing companies in the world, with an annual crude steel capacity of 35 million tonnes. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The group (excluding SEA operations) recorded a consolidated turnover of US$31 billion in the financial year ending 31 March 2023. It is the largest steel company in India (measured by domestic production) with an annual capacity of 21.6 million tonnes after Steel Authority of India Ltd. (SAIL).
Tata Steel, SAIL, and Jindal Steel and Power, are the only three Indian steel companies that have captive iron-ore mines, which gives the three companies price advantages.
Consolidated Revenues for FY2023 stood at Rs 2,43,353 crores and were broadly similar on YoY basis despite volatile operating environment across geographies.
At Tata Steel, we encourage and enable our employees to contribute their time and skills to make a difference to the lives of many. Employee volunteerism is actively promoted across our organisation. We organise Tata Volunteering Weeks from March through September to encourage mass participation of employees in volunteering activities. Tree plantation and cleanliness drives, mentoring programmes, donations and interactions with children and the elderly are just some of the activities we undertake regularly.
In India, we organise health camps apart from distributing mosquito nets and water purifiers to primary school students.
Our colleagues in Thailand work closely with local communities to improve their quality of life through various projects and organising training courses to develop local businesses.
We thrive in a culture of respect, inclusion and diversity. At Tata Steel, we have made a conscious effort to build an equitable environment and a diverse leadership team. We have always been a pioneering and enlightened employer. We recognise that our people give us the competitive edge. Across the globe, our teams have a healthy mix of not just gender and age, but also culture, ethnicity and a myriad of other such aspects. We actively work against stereotypical biases to encourage a culture of meritocracy.
MOSAIC, our Diversity & Inclusion initiative established in 2015 for Indian operations, is a driver towards this goal. It defines the path the company has taken to build a people-oriented culture that both celebrates and encourages diversity and inclusion. The initiative has a five pillar approach that covers infrastructure, sensitisation, recruitment, retention and development, and celebration.