MMTC TRANSNATIONAL PTE LIMITED (MTPL), Singapore
MMTC TRANSNATIONAL PTE LIMITED (MTPL) (Click to view the website)
MTPL is wholly owned subsidiary of MMTC Limited, New Delhi, India, (a Govt. of India Enterprise under the Ministry of Commerce & Industry).
MTPL was incorporated in Singapore under Singapore laws in 1994. From April 2000 – March 2013, MTPL enjoyed the prestigious status of “Global Trader Program” (GTP) awarded by the Government of Singapore. This status is granted to companies fulfilling strict criteria in terms of Business Turnover, increased utilization of Singapore Banking and Shipping Sectors, Recruitment of local professionals and other local workforce etc., to enable such companies to join the top league of leading trading companies in Singapore.
The status endorsed MTPL performance as international trader as well as its contribution to Singapore’s economy, and serve to enhance its stature and competitiveness in the global trading arena.
Over the years MTPL has successfully consolidated and diversified in various business activities which now encompass Minerals, Metals, Steel and Pig Iron, Fertilizer and Fertilizer Raw materials, Coal and Coke, Ferro Alloys, Industrial Raw Materials, Agro Products, Edible oil, Bullion etc. Third country trading is another area where MTPL is able to generate new business opportunities.
MTPL has been ranked 1881st amongst Top Companies, listed under the category of Sales/ Turnover for the year 2017 by DP Information Group (A long term investor and leader in variable business information and services in the region. It builds and manages quality data, information, and research, start up and credit management services to support the growth of Singapore and Asian economies).
On financial parameters, MTPL has done exceedingly equally well in increasing its net worth by about Twelve times since inception (from USD 1 million in 1994-95 to USD 12.01 million in 2017-18) and paying equally rich dividends to MMTC Ltd. India (The Holding Company). Dividends paid so far by MTPL have exceeded total equity contributed by MMTC into the Subsidiary.
In a fast changing dynamic business environment, MTPL is striving hard to grow to attain its business target.