Global Business Project
By: Smriti Shreeya
Enrollment no. 21FMUCHH010516
Table of Contents
Acknowledgement
Introduction
Executive Summary
Steel Authority of India Limited (SAIL) is one of India's premier public sector companies and a
cornerstone of the nation's steel industry. Established in 1973, SAIL has been instrumental in India's
industrial growth and infrastructure development for nearly five decades.
SAIL operates a vast network of integrated steel plants, mines, and associated infrastructure across
the country, making it one of the largest and most diversified steel producers in India. These
integrated facilities encompass mining, iron and steelmaking, and downstream processes, allowing
SAIL to offer a wide range of steel products that cater to various industries, including construction,
manufacturing, automotive, and infrastructure.
The company's commitment to quality, innovation, and sustainability has enabled it to produce high-
quality steel products that meet global standards and customer requirements. SAIL's products
include flat and long steel products, such as hot-rolled and cold-rolled sheets, structural steel, rails,
and special quality steel for various applications.
As a major contributor to India's economic growth, SAIL is at the forefront of the nation's industrial
progress. It supports the government's "Make in India" initiative and plays a pivotal role in the
development of infrastructure, including transportation, construction, and energy sectors.
SAIL's unwavering dedication to technological advancements and environmental sustainability
ensures it remains a leader in the global steel industry. The company continually invests in
modernization, expansion, and research and development to maintain its competitive edge and
reduce its environmental footprint.
With a rich history, diverse product portfolio, and a vision for a sustainable future, SAIL stands as a
symbol of India's industrial prowess and progress. It remains committed to providing high-quality
steel products and driving economic growth and development in the country and beyond.
Year of Establishment
The Steel Authority of India Limited (SAIL) was established on January 19, 1973. It was
created as a government-owned company to operate and manage various steel plants and
related infrastructure in India.
Size of the company
The size of a company, such as the Steel Authority of India Limited (SAIL), can be measured in
various ways, including its revenue, assets, number of employees, and the scale of its
operations. As of my last knowledge update in January 2022, SAIL was one of the largest
steel producers in India and operated a network of integrated steel plants and mines across
the country.
Here are some key facts about SAIL's size as of that time:
1. Revenue: SAIL's revenue was in the billions of dollars, making it one of the largest revenue-
generating companies in India.
2. Assets: SAIL's total assets included extensive steel production facilities, mines, and
associated infrastructure. The total value of its assets was substantial.
3. Employees: The company employed tens of thousands of people, including skilled
workers, engineers, and professionals, which made it one of the largest employers in the
Indian steel industry.
4. Production Capacity: SAIL had a significant production capacity for various steel products,
and it played a pivotal role in meeting India's domestic demand for steel.
Please note that the specific financial and operational details of SAIL may have changed since
my last update in January 2022. To get the most current information on the company's size,
you should refer to the latest financial reports and official sources.
JOINT STATUTORY AUDITORS
M/S. TEJ RAJ & PAL M/S. S. JAYKISHAN
M/S. WALKER CHANDIOK & CO. LLP. M/S. K A S G & CO.
BRANCH AUDITORS
M/S. D K CHHAJER & CO. M/S. SAHA GANGULI & ASSOCIATES
M/S. V KRISHNAN & CO. M/S. MODI DHAVALAGI & CO.
M/S. RAY & CO. M/S. MUKUND M CHITALE & CO.
M/S. K C TAK & CO. M/S. NAG & ASSOCIATES
COST AUDITORS
M/S. CHANDRA WADHWA & CO. M/S. ABK & ASSOCIATES M/S. R.M. BANSAL & CO.
BANKERS
1. AXIS BANK LIMITED 11. INDUSIND BANK LIMITED
2. BANK OF BARODA 12. JAMMU & KASHMIR BANK
3. BANK OF INDIA 13. KARNATAKA BANK LIMITED
4. CANARA BANK 14. KOTAK MAHINDRA BANK LIMITED
5. CENTRAL BANK OF INDIA 15. PUNJAB NATIONAL BANK
6. HDFC BANK LIMITED 16. RBL BANK LIMITED
7. ICICI BANK LIMITED 17. STATE BANK OF INDIA
8. IDBI BANK LIMITED 18. UNION BANK OF INDIA
9. INDIAN BANK 19. UNITED OVERSEAS BANK
10. INDIAN OVERSEAS BANK 20. YES BANK LIMITED
REGISTERED OFFICE
At A Glance
FINANCIAL HIGHLIGHTS & KEY FINANCIAL R ATIOS
Revenue Analysis
Rs (in Crores)
Mar'23 Mar'22 Mar'21 Mar'20 Mar'19
INCOME
Net Sales Turnover 104447.36 103473.32 69110.02 61660.55 66967.31
Other Income 1354.84 1042.03 1011.69 985.22 532.82
Total Income 105802.20 104515.35 70121.71 62645.77 67500.13
