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MSTC Limited is a listed, Schedule-B, Mini Ratna Category-1 Central Public Sector Enterprise (CPSE) under the administrative control of Ministry of Steel (MOS), Government of India (GOI) primarily engaged in providing e-commerce related services across diversified sectors. The company was incorporated as "Metal Scrap Trade Corporation Limited" under the Companies Act, 1956, on September 9, 1964, in Kolkata. Initially incorporated to engage in the export of ferrous scrap, the company became a subsidiary of SAIL in 1974, and a canalizing agent for the Government of India for importing metal scrap. In 1982, it became an independent Government of India company. Post-decanalization in 1992, the company diversified its business, evolving into a multi-product, multi-functional organization, and began conducting auctions and tenders for industrial scrap and surplus materials for its government clients. In 2002, MSTC developed and launched an e-Auction platform and ventured into the B2B e-Commerce sector. Subsequently MSTC established itself as one of the leading e-commerce service providers in the country. The company also entered the recycling business through a joint venture with Mahindra Accelo Limited and established country’s first Registered Vehicle Scrapping Facility.
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