Established in 1963, Minerals and Metals Trading Corporation (MMTC), one of the two highest foreign exchange earner for India, is a leading international trading company with a turnover of over $7 billion.
MMTC is major global player in the minerals trade and is the single largest exporter of minerals from India. With its comprehensive infrastructural expertise to handle minerals, the company provides full logistic support from procurement, quality control to guaranteed timely deliveries of minerals from different ports, through a wide network of regional and port offices in India, as well as international subsidiary.
As a leading player in fertilizers and fertilizer raw material, the company has become a major fertilizer marketing company in India, through planned forward integration of its import activities with the direct marketing of urea, DAP, MOP, sulphur, rock phosphate, SSP and other farming and agricultural inputs.
MMTC is the largest importer of gold and silver in the Indian sub-continent, handling about 146 MT of gold and 1250 MT of silver during 2008-09. It supplies gold on loan and outright basis to exporters, bullion dealers and jewellery manufacturers on all India.
MMTC has retail jewellery and its own branded 'Sterling Silverware' (Sanchi) showrooms in all the major metro cities of India. It also supplies branded hallmarked gold and studded jewellery. Besides organizing major jewellery exhibitions in India and abroad, the company also has a medallion manufacturing unit for minting of gold/ silver medallions.
MMTC is India's largest seller of imported non-ferrous metals viz. copper, aluminium, zinc, lead, tin and nickel. It also sells imported minor metals like magnesium, antimony, silicon and mercury, as also industrial raw materials like asbestos and also steel and its products. MMTC imports quality products conforming to international specifications like ASTM or BSS or LME approved brands.
The company sources its metals from empanelled suppliers including producers and traders throughout the world.
MMTC is amongst the leading Indian exporters and importers of agro products. The company's bulk exports include commodities such as rice, wheat, wheat flour, soyameal, pulses, sugar, processed foods and plantation products like tea, coffee, jute, etc. It also undertakes extensive operations in oilseed extraction, from the procurement of seeds to the production of de-oiled cakes for export, as well as the production of edible oil for domestic consumption and imports edible oils.
MMTC is the largest non-oil importer in India. It's diverse trade activities encompass third country trade, joint ventures, link deals - all modern day tools of international trading. It has vast international trade network, which includes a wholly owned international subsidiary in Singapore MMTC Transnational Pte. (MTPL), spanning almost all countries in Asia, Europe, Africa, Oceania and Americas.
Its comprehensive infrastructure for bulk cargo handling, with well-developed arrangements for rail and road transportation, warehousing, port and shipping, operations, gives MMTC complete control over trade logistics, both for exports and imports. The company's countrywide domestic network is spread over 75 regional, sub-regional, port and field offices, warehouses and procurement centres.
MMTC's progress in the recent past has taken it from monopoly status to a competitive open market player making a strong thrust towards broad basing its sphere of activities, while consolidating its core areas of business.
To create synergy between its manufacturing, trading and technology partners and to bring optimum efficiency and expertise to its operations worldwide, MMTC has promoted along with government of Orissa, a million tonnes capacity iron and steel plant and a 0.8 million tonne capacity, coke oven battery with by product recovery plant and a captive power plant of 55 MW capacity.
MMTC has a Systems & ERP Division comprising a highly professional team to cope with the highly competitive environment. MMTC's operational offices are all equipped with modern computing tools. ERP has been implemented. A user friendly intranet based Knowledge Management Solution has been made available to its officials.
The company operates 13 regional offices located at Kolkata, Bhubaneshwar, Mumbai, Goa, Ahmedabad, Delhi, Jhandewalan (Delhi), Jaipur and Bangalore, Bellary, Chennai, Hyderabad, Vizag.