MMTC Ltd, also known as Metals and Minerals Trading Corporation of India, is a prominent public sector undertaking under the administrative control of the Ministry of Commerce & Industry, Government of India. Established on September 26, 1963, MMTC has grown to become one of the largest international trading companies in India.
MMTC’s operations are diverse and extensive, covering third-country trade, joint ventures, and modern forms of international trading. The company has a vast international trade network that spans across Asia, Europe, Africa, Oceania, and the United States. It also includes a wholly-owned international subsidiary in Singapore, MMTC Transnational Pte Ltd.
The company has been instrumental in the bullion trade, including retailing, with a significant share in the import of gold and silver. MMTC’s trade activities are not limited to minerals and metals; they also encompass fertilizers, agro products, coal, and hydrocarbons. The company has promoted various joint ventures such as Neelanchal Ispat Nigam Ltd., etc.
MMTC’s commitment to excellence and innovation has earned it the status of a ‘Five Star Export House’ by the Government of India. The company continues to play a crucial role in India’s economic development by facilitating international trade and contributing to the country’s foreign exchange reserves.