The MMTC Limited was incorporated in 1963 as an independent entity primarily to deal in exports of minerals and ores and imports of non-ferrous metals. In 1970, MMTC took over imports of fertilizer raw material and finished fertilizers. Over the years, import and export of various other items like steel, diamonds, bullion, agro, coal & hydrocarbon, etc. were progressively added to the portfolio of the company.
MMTC has been following the mantra of strategic diversification for progress with much success, exploiting opportunities to expand base and open up new business prospects. It endeavors constantly to explore emerging opportunities by synergizing and blending them with its own core competencies, thereby creating new epicenters of growth and expanding its role as a trade organizer and facilitator. The company has participated in various value-multiplier initiatives to enhance its future sustainability through the JV and PPP route. MMTC has grown over the years to become one of the largest trading organizations in India.
It is the first Public Sector Enterprise to be accorded the status of “FIVE STAR EXPORT HOUSE” by Government of India for long term contribution to exports.