~ Trophy received by Mr H M Nerurkar, MD, Tata Steel Limited and Mr Raghunath Pandey, President, Tata Workers’ Union from Mr. Israel Berman, Managing Director, Asia Pacific Affairs, Hay Group ~

Tata Steel Ltd this year has been ranked among the world’s top ten of the “Most Admired Company” rated by FORTUNE Magazine and the Hay Group. The award has been bestowed to the Company in Industry-Metal category. It puts Tata Steel in the same company as Apple, GE, Singapore Airlines, Alcoa, Thyssen Krupp etc. What makes this award unique that it is based on peer ranking based on inputs from the industry as well as its analysts.

The rankings were based on many factors, including innovation, people management, use of corporate assets, financial soundness, long-term investment and global competitiveness.

While receiving the trophy Mr H M Nerurkar, Managing Director, Tata Steel said, “Tata Steel has always considered its employees as its most valuable asset. We are happy that this has been recognized by our peers and analysts in the global ranking of Most Admired Companies. This recognition will further strengthen our resolve to ensure the overall development and well being of our people in all respects.”

During the presentation ceremony Mr. Israel Berman, Managing Director, Asia Pacific Affairs of Hay Group said, “Hay Group is very impressed with Tata Steel's management practices particularly in areas such as employee engagement. This is the primary driver behind Tata Steel winning this prestigious award. The impact of Tata Steel's philosophy and values on how they treat their employees is felt across the depth and breadth of the organization, not just in India, but globally.”

Hay Group has collaborated with FORTUNE magazine annually since 1997 to identify, select and rank the World’s Most Admired Companies and uncover the business practices that make these companies both highly regarded and successful.

For the supplemental research, Hay Group surveyed senior executives of a sample of companies that participated in the 2010 Most Admired Companies survey, and compared the responses from companies that ranked in the top three in their industries in overall corporate reputation, with those of other participating organizations to better understand how the World’s Most Admired Companies approach employee engagement compared to their peers. Hay Group is a global management consulting firm that works with leaders to transform strategy into reality. They have over 2600 employees working in 85 offices in 47 countries. Their clients are from the private, public and not-for-profit sectors, across every major industry, and represent diverse business challenges. For over 60 years, they have been renowned for the quality of research.

FORTUNE magazine is a global leader in business journalism with a worldwide circulation of more than one million and a readership of nearly five million, with major franchises including 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 and South Korea.

About Tata Steel
Established in 1907 as Asia's first integrated private sector steel company, Tata Steel Group is among the top ten global steel companies 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$ 29 billion in FY '09, 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 aspirational 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.