MMTC LIMITED (earlier known as Minerals and Metals Trading Corporation of India Ltd.), was set up in 1963 as a canalizing agency to export minerals and ores and import metals. Over the years products like fertilizers, gold, silver, steel and Agri products among others were progressively added to the portfolio of the company. With the introduction of economic and trade reforms by the Government of India in July 1991, MMTC lost its monopoly in most of these items. Out of 18 items of exports and imports which were canalized through MMTC, 14 items were decanalized in quick succession. Company's operations were shaken suddenly as MMTC's turnover which was 8116 crores rupees prior to the impact of decanalization in 1991-92 dipped to 3317 crores rupees in 1993-94. Undeterred by this onslaught, however, MMTC perseveringly consolidated its core business and strategically diversified to other areas. Today MMTC, a Golden Super Star Trading House is amongst leading companies in Asia and India's largest trading giant. Last three years have been watershed years for MMTC in terms of growth in business in all its areas of operations. Rapidly changing landscape of business environment demands us to inculcate fresh attributes that will reflect our willingness to take on the new mission 'The Mission of the Future'. Setting the stage of a new era for MMTC, an era of all round growth, Chairman and Managing Director of MMTC Mr. S.D. Kapoor in his message on the eve of December 31st 1998 unveiled his vision of 'Sustaining Growth' for the company to catapult MMTC higher in the emerging environ of seamless and borderless global trade.
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