Tata Steel has been named in FORTUNE magazine's 2011 List of World’s Most Admired Companies for the third consecutive year. The annual survey, conducted by FORTUNE magazine and Hay Group, a global management consulting firm, is given to top executives, directors and financial analysts, to identify the companies that enjoy the strongest reputations within their industries and across industries. Tata Steel has been ranked sixth in the ‘Industry-Metals’ category; the only company from India to have achieved this prestigious feat.

To compile the rankings, corporate reputation and performance were measured against ten key attributes: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment, quality of products and services, and global competitiveness. Tata Steel has stood out on all the parameters.

Receiving the trophy, Mr H.M. Nerurkar, Managing Director, Tata Steel stated, “At Tata Steel, it is our constant endeavour to improve upon key areas like innovation, talent management and community development in order to maintain our position as one of the most sustainable companies globally. From being at number 9 in 2010 to ranking 6th in 2011 in World’s Most Admired Companies is a strong indication that we are successful at what we are doing and we hope to do better in the coming years. We are delighted that we have been recognized by our peers and analysts in the global ranking of Most Admired Companies.”

Speaking on the occasion, Mr. Gaurav Lahiri, Managing Director, Hay Group India said, “I would like to congratulate the entire Tata Steel family on this significant achievement as this is a moment of pride not only for Tata Steel but also for the nation as it is the only Indian company to feature in top 10 in any sector in the Fortune ranking for two consecutive years. Not only this, Tata Steel has also moved up the rank in the ranking. I wish them great success in the coming years.”

Adding further, he said, “The unique proposition of World’s Most Admired Companies survey is that companies are rated both overall and relative their industry peers by executives, directors and analysts. This uncovers the business practices that make these companies highly regarded among their peers. Such a unique methodology adds credibility to the survey thus making this survey a definitive report card on corporate reputations within their industries and across industries.”

The survey was conducted amongst Fortune 1,000 companies, non-US Global 500 companies with revenues of $10 billion or more and top foreign companies operating in the US. From 57 industries more than 673 companies from 32 countries were surveyed. FORTUNE's World's Most Admired Companies list is the definitive report card on corporate reputations. Hay Group has collaborated with FORTUNE annually since 1997 to identify, select and rank the World’s Most Admired Companies and uncover the business practices that make these companies highly regarded among their peers.

The Nine Key parameters based on which Tata Steel has been nominated are as follows:

For overall scores and ranking, www.fortune.com/mostadmired, link may be visited.

About Tata Steel
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is amongst the leading steel manufacturers in the world with an annual crude steel capacity of over 28 million tonnes per annum (mtpa). It is now the world's second-most geographically-diversified steel producer, with operations in 26 countries and a commercial presence in over 50 countries. The Tata Steel Group, with a turnover of US$ 26 million in FY '11, has over 80,000 employees across five continents and is a Fortune 500 company. The Group’s vision is to be the world’s steel industry benchmark in “Value Creation” and “Corporate Citizenship” through the excellence of its people, its innovative approach and overall conduct. Underpinning this vision is a performance culture committed to aspiration targets, safety and social responsibility, continuous improvement, openness and transparency. In 2008, Tata Steel India became the first integrated steel plant in the world, outside Japan, to be awarded the Deming Application Prize 2008 for excellence in Total Quality Management.

About Hay Group
Hay Group is a global consulting firm that works with leaders to transform strategy into reality. We develop talent, organize people to be more effective, and motivate them to perform at their best. With 85 offices in 49 countries, we work with over 7,000 clients across the world. Our clients are from the private, public, and not-for-profit sectors, across every major industry and represent diverse business challenges. Our focus is on making change happen and helping people and organizations realize their potential.

About Hay Group Insight
For over 35 years Hay Group Insight – the survey research division of Hay Group – has partnered with the world’s largest and most complex organizations to create value through the strategic use of employee survey research. Our mission is to help senior leaders identify the barriers to individual and organizational effectiveness, and remove them to improve the performance of people, teams and entire organizations. By providing employee feedback and supporting strategy, our surveys help organizations achieve high levels of performance and lasting change.

About FORTUNE
FORTUNE magazine is a global leader in business journalism with a domestic circulation of over 850,000 and a global readership of nearly 5 million, which include major franchises such as the FORTUNE 500 and the FORTUNE 100 Best Companies to Work For. FORTUNE Live Media extends the brand's mission into live events, hosting a wide range of annual conferences, including FORTUNE’s Most Powerful Women and the FORTUNE Global Forum. FORTUNE publishes English-language editions in Europe and Asia, and local-language editions in China, Turkey, South Korea, Indonesia, India and Greece. CNNMoney.com, is the online home of FORTUNE.com, which draws 5.7 million readers a month.