Top 10 Steel Companies of India 2021

Sourav Dey Sourav Dey
Oct 21, 2021 7 min read
Top 10 Steel Companies of India 2021

Metals are the the classic driving force in the field of industrialization, Steel holding the dominant position. Since long time, steel has contributed exceptionally towards Indiaโ€™s economic growth. India ranks second in the production of crude steel after China.

The Indian Steel Industry goes way back to the early 1600s. Today also, there is huge demand for steel in different sectors like, Construction, Railways, Automobiles, Consumer durables, and others.

The steel found in India became a major chance for entrepreneurs to get into the business. Government sectors were also interested to be in this industry along with several other private businessmen. The first to be traced in the Indian steel industry is the setting up of the Tata Iron & Steel Company (TISCO) in Bihar in 1907. Later, many steel plants contributed in the steel industry of India. Hereโ€™s a look at the leading steel companies of India.

Top 10 Steel Companies of India

  1. Tata Steel Limited
  2. JSW Steel Limited
  3. Steel Authority of India Limited
  4. Essar Steel India Limited
  5. Jindal Steel & Power Limited
  6. Rashtriya Ispat Nigam Limited
  7. NMDC Steel Limited
  8. VISA Steel
  9. MESCO Steel
  10. Electro Steel Limited

Conclusion
FAQs

Top 10 Steel companies of India

Top 10 Steel Companies of India

Listed below are the top 10 steel manufacturing companies in India.

Tata Steel Limited

CEO (Oct 2017-): T.V Narendran
Founder: Jamsetji Tata
Headquarters: Mumbai, Maharashtra

Tata Steel- Top steel Companies in India
Tata Steel- Top steel Companies in India

Tata Steel was Asiaโ€™s first steel company established in 1907. Although the company is based in Jamshedpur, Jharkhand its headquarters is in Mumbai. Tata Steel Limited was formerly known as Tata Iron and Steel Company Limited (TISCO).

With an annual crude steel capacity of more than 30 million tonnes per annum, the company ranks second as the largest producer in Europe. A unit of Tata group, Tata Steel Limited reduced its competition in the market by acquiring Bhushan Steel Limited in 2018-19 and also acquired Usha Martin Ltd.

JSW Steel Limited

CEO & Managing Director (June 2017-): Prashant Jain
Founder: Sajjan Jindal
Headquarters: Mumbai

JSW Steel- Top steel Companies in India
JSW Steel- Top steel Companies in India

JSW Group is the parent organization for JSW Steel and is one of the largest steel manufacturing companies in India. JSW Steel Limited has got large operations not only in India but even in international markets they have a large-scale presence.

JSW Steel Limited started in the early 80s with a single steel plant in Mumbai and now the company has got steel plants in states like Karnataka, Tamil Nadu, and Maharashtra.


Laksmi Mittal and his Steel Empire
The Mittal Steel Company, founded by Lakshmi Mittal and now a part of ArcelorMittal, is the worldโ€™s largest steel producer. Read all about it here!

Steel Authority of India Limited

CEO (Jan 2021-): Soma Mondal
Founder: Ministry of Steel (Government-owned)
Headquarters: New Delhi

SAIL - Top steel Companies in India
SAIL - Top steel Companies in India

Steel Authority of India Limited (SAIL) is a government-owned steel manufacturing company in India. With competition from the private sectors, SAIL became one of the top government steel companies in India.

SAIL is into both iron and steel manufacturing with several plants that are located in the eastern and as well as in the central regions of the country. SAIL manufactures and sells a variety of steel products in India.

Essar Steel India Limited

CEO (Jul 2011-): Dilip C Oommen
Founder: The Essar Group (Shashi Ruia and Ravi Ruia)
Headquarters: Mumbai

Essar Steel India Ltd - Top steel Companies in India
Essar Steel India Ltd - Top steel Companies in India

Founded in the year 1998, Essar Steel India Limited became one of the leading steel manufacturing companies in India. Essar Steel India Ltd is known for high-quality steel products with high-value graded steel.

Essar Steelโ€™s products are supplied to a wide range of industry segments in India. Several industries like the auto industry, power plants, hydrocarbon industry, and many others depend on Essar Steel Ltd for steel.

Jindal Steel & Power Limited

CEO (Jan 2019-): Sudhanshu Saraf
Founder: Om Prakash Jindal
Headquarters: New Delhi

Jindal Steel & Power - Top steel Companies in India
Jindal Steel & Power - Top steel Companies in India

Jindal Steel & Power Limited is not only into steel manufacturing but they are a renowned power generating company too. The business of Jindal Steel & Power is not only limited to its operations in India but most of its business is done internationally too.

Jindal Steel and Power currently reported around 2.3 million tonnes sales which are the highest in a quarter. Irrespective of standing fifth in the list Jindal Steel can come out as the dominator of the steel industry within a few years.

Rashtriya Ispat Nigam Limited

Chairman cum Managing Director: Deb Kalyan Mohanty
Founder: Deb Kalyan Mohanty
Headquarters: Vizag

RINL - Top steel Companies in India
RINL - Top steel Companies in India

Abbreviated as RINL the company was commissioned back in 1992 with a 3.0 MTPA (Million Tonnes Per Annum) capacity of liquid steel. By the year 2015, its capacity grew to 6.3 MTPA and by 2017, the MTPA was 7.3. RINL, though being in sixth place is one of the largest producers of bars and rods in India.

This government-owned company has recorded a revenue total of US$ 2.5 billion in the year 2020-21. During August this year, the company had recorded its best sales turnover of INR 2,612 crores.

NMDC Steel Limited

Chief General Manager & Co. Secretary: A S Pardha Saradhi
Founder: Government-owned
Headquarters: Hyderabad

NMDS - Top steel Companies in India
NMDS - Top steel Companies in India

NMDC is a government-owned iron and steel manufacturing company in India. NMDC is not only into iron and steel but they are into mining mineral resources like iron, magnesium, and diamond too. NMDC has made a significant contribution to the mineral sector over the past few decades and has been given the status of the public sector under Schedule-A.

NMDC is also a great company for investment because of its spread business structure. The company is doing great in the market and has got a subsidiary company named Sponge Iron India Limited.

VISA Steel

Vice-Chairman & Managing Director: Vishal Agarwal
Founder: Mr. Saran
Headquarters: Kolkata

VISA Steel - Top steel Companies in India
VISA Steel - Top steel Companies in India

Revenue earned by VISA back in 2019 was estimated to be $3 billion which is INR 300 crores. Established in 2003, VISA steel became a massive manufacturer of steel and is now one of the top steel companies in India.

VISA Steel has got manufacturing plants located in three places and has got a production capacity of more than a million metric tons per year. Visa Steel might stand eighth in the list of top 10 steel companies of India but the company is one of the leading players in the special steel, ferrochrome, and metallurgical coke business in India.


List of 15 Biggest Semiconductor Companies in the World
Semiconductor industry is one of the most profitable industry in the world. So, Lets look at 15 Biggest Semiconductor Companies in the World.

MESCO Steel

Chairman cum Managing Director: Rita Singh
Founder: Rita Singh
Headquarters: Khurunti, Odisha

Mesco Steel - Top steel Companies in India
Mesco Steel - Top steel Companies in India

Founded in the year 1992, MESCO Steel made enormous growth within a few years and became one of the leading steel companies in India. The revenue earned by MESCO back in 2019 was around $2 billion (INR 200 crores).

MESCO has got two steel plants in India and generates more than a thousand tons of hot metal per day. MESCO could become the number one steel manufacturer in India soon because of their lowest-debt equity ratio among most steel companies in the country.

MESCO steel has received several proposals from different banks for acquiring more plants in India. But, the Director-Finance director of the company said that the company will begin to earn profit within the next few months.

Electro Steel Limited

CEO & WholeTime Director: Sunil Katial
Founder: Umang Kejriwal Family
Headquarters: Kolkata

ESL Steel - Top steel Companies in India
ESL Steel - Top steel Companies in India

Electro Steels Limited was founded in the year 1955 with businesses not only into the steel but into other metals too. Electro Steel Limited is one of the largest manufacturing companies of ductile iron pipes with a production capacity of 280,000 metric tonnes per annum.

Electro Steel had acquired Vedanta Limited and now they are aiming to increase the rate of productivity and improve profitability. The company is all set to invest a whopping amount of INR 4,000 โ€“ 5,000 crores within the next two years t double the capacity of the plant that they have in Bokaro.


Why is Anil Agarwal not giving his business to his family but the society? | How is he doing it?
Anil Agarwal, chairman of Vedanta in a seminar stated that his business will not go to his family but will go back to the society. Lets understand the complete scenario.

Conclusion

This was the list of the top 10 steel manufacturing companies of India and the demand for which continues to grow irrespective of the market situation.

FAQs

Which is the biggest steel company in India?

SAIL (Steel Authority of India Limited) is the largest steel manufacturing company in India.

Who is the worldโ€™s largest steel producer?

Chinaโ€™s Baowu Group in 2020 became the worldโ€™s largest steel producer with 115 million metric tons of steel in 2020.

How many steel plants are there in India?

There are 650 mini steel plants in India.

Which are the top steel companies of India?

Some of the top steel companies of India are:

  • Tata Steel Limited
  • JSW Steel Limited
  • Steel Authority of India Limited
  • Essar Steel India Limited
  • Jindal Steel & Power Limited
  • Rashtriya Ispat Nigam Limited
  • NMDC Steel Limited
  • VISA Steel
  • MESCO Steel
  • Electro Steel Limited

Must have tools for startups - Recommended by StartupTalky

Subscribe to StartupTalky

Get the latest insights delivered to you right in your inbox

Great! Next, complete checkout for full access to StartupTalky.
Welcome back! You've successfully signed in.
You've successfully subscribed to StartupTalky.
Success! Your account is fully activated, you now have access to all content.
Success! Your billing info has been updated.
Your billing was not updated.