Foreign exchange company of primary and non-primary products based in India
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Metals and Minerals Trading Corporation of India Limited
Company type
Central Public Sector Undertaking
Traded as
BSE: 513377 NSE: MMTC
Industry
Trading Company
Founded
26 September 1963 (26 September 1963)
Headquarters
New Delhi, India
Key people
Sanjay Chadha (Chairman & MD)
Revenue
₹28,997.23 crore (US$3.6 billion) (2019) [1]
Operating income
₹183.86 crore (US$23 million) (2019)[1]
Net income
₹81.43 crore (US$10 million) (2019)[1]
Total assets
₹4,454.77 crore (US$560 million) (2019)[1]
Total equity
₹1,489.25 crore (US$190 million) (2019)[1]
Owner
Government of India (89.93%)
Number of employees
778 (01st May 2020)
Website
www.mmtclimited.com
MMTC Ltd. (known fully as Metals and Minerals Trading Corporation of India) is one of the two highest earners of foreign exchange for India and India's largest public sector trading body. Not only handling the export and import of primary products such as coal, iron ore, agro and industrial products, MMTC also exports and imports important commodities such as ferrous and nonferrous metals for industry, and agricultural fertilizers. MMTC's diverse trade activities cover third country trade, joint ventures and link deals and all modern forms of international trading. The company has a vast international trade network, spanning almost in all countries in Asia, Europe, Africa, Oceania, and in the United States and also includes a wholly owned international subsidiary in Singapore, MTPL. It is one of the Miniratnas companies.
MMTC is one of the two highest foreign exchange earner for India (after petroleum refining companies).[2] It is the largest international trading company of India and the first public sector enterprise to be accorded the status of Five Star Export Houses by Government of India for long standing contribution to exports
Being the largest player in bullion trade, including retailing, MMTC's share was 146 tonnes of gold out of the total import of 600 tonnes of the precious metal in 2008–09.
^ abcde"Balance Sheet 31.03.2019" Archived 27 July 2020 at the Wayback Machine.
^[1] Archived 7 June 2011 at the Wayback Machine Petroleum: India's largest foreign exchange earner.
MMTCLtd. (known fully as Metals and Minerals Trading Corporation of India) is one of the two highest earners of foreign exchange for India and India's...
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and Unwin Ltd, p. 65, ISBN 978-0-19-569343-0 Bharathi, K. S. (1998). Encyclopaedia of eminent thinkers. Concept Publishing Company Pvt. Ltd. ISBN 978-81-7022-684-0...
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26 February 2020. Limca Book of Records 1991. Bombay: Bisleri Beverages Ltd. 1991. p. 40. ISBN 81-900115-1-0. Bhattacharya, DP (26 May 2014). "Gujarati...
Global Information
₹28,997.23 crore (US$3.6 billion) (2019) [1]
₹4,454.77 crore (US$560 million) (2019)[1]