MSTC Limited Company Profile: Products, Promoters and Clients

Question 1: What are the products and services of MSTC Limited?

MSTC Ltd. is a public sector company based in Kolkata, India. It was founded on September 9, 1964, as Metal Scrap Trade Corporation Limited and changed its name to MSTC Limited on September 26, 1994. Now, the company operates under the Ministry of Steel and provides services related to e-commerce, trading, and recycling. It has transformed from a metal scrap trading company into a multi-service organization. Here is an overview of its main products and services:

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1- E-commerce Services

MSTC Limited is known for its e-commerce platform that offers online services for government and private organizations. The company provides:

• E-Auction Services: MSTC's e-auction platform sells many items online, including scrap, surplus goods, minerals, and old machinery. It serves various industries like steel, mining, coal, power, and petroleum.
  • Forward Auctions: This is when assets like scrap, coal, and agricultural products are sold.
  • Reverse Auctions: In this process, buyers ask suppliers to bid on contracts. This method is often used for coal, iron ore, and petroleum.
• E-Procurement Solutions: The company provides a strong e-procurement platform that makes purchasing easier for government agencies and businesses. It promotes transparency, fairness, and cost savings through tendering, vendor registration, and bid processing.
• E-RaKAM (Rashtriya Kisan Agri Mandi): This e-commerce platform helps farmers sell their products online directly to buyers. By cutting out intermediaries, it improves pricing transparency and market access for farmers.
• E-Waste Management Auctions: MSTC holds e-auctions to dispose of electronic waste, ensuring that it is handled in an environmentally friendly way.

2- Trading Services

MSTC's trading division deals with different commodities and connects producers with consumers. The company started by importing and exporting steel scrap, but now it trades in a wider range of products, including:

• Bulk Raw Materials: MSTC trades raw materials like iron ore, coal, coke, and limestone, which are important for making steel and other industrial products.
• Finished Products: They also sell finished steel products, non-ferrous metals, fertilizers, and petroleum products.
• Imports and Exports: The company helps import key raw materials like coal and iron ore and exports extra goods from public sector companies.
• Petroleum Products and Fertilizers: MSTC trades petroleum products and fertilizers, strengthening its role in the energy and agriculture sectors.

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3- Scrap and Recycling Services

The company plays an important role in managing scrap in India, especially in metal recycling, e-waste, and industrial waste. The company has teamed up with Mahindra Intertrade to create CERO, India’s first organized vehicle recycling company. This service offers:

• Vehicle Recycling: CERO responsibly dismantles and recycles old vehicles. It recovers reusable materials like steel, aluminium, copper, and plastics while reducing harm to the environment.
• Ferrous and Non-Ferrous Scrap: Recycles and sells both ferrous and non-ferrous metal scrap. It supports the circular economy and helps industries lessen their environmental impact.
• E-Waste Recycling: The company manages e-waste by safely handling hazardous materials in electronics and recovering valuable components for recycling.

4- Consultancy Services

They offer consultancy services in auction design, procurement strategies, and commodity trading. This includes:

• Auction Strategy Consultation: We help public and private organizations create effective auction processes for selling or buying materials like scrap, coal, and minerals.
• Procurement Consultation: Helps companies and government agencies improve their buying processes with advanced e-commerce and digital tools.
• Logistics Support: They manage logistics to ensure smooth transportation of goods in the supply chain.

5- Asset Monetization

Now, the company helps both government and private organizations sell unused or non-performing assets. Using its auction platform, the company assists in surplus sales and outdated items, which improves asset use and increases cash flow.

6- Urban and Rural Development Initiatives

MSTC supports the government's goal of sustainable development. It helps with waste management, promotes clean energy, and contributes to rural development projects using its e-commerce and auction platforms.

Question 2: Who are the promoters of MSTC Limited?

Manobendra Ghoshal is the Chairman and Managing Director of MSTC Limited. It is a Government of India enterprise:

Also Read: MSTC Limited Company Profile: Products, Promoters and Clients