Tata Steel has been honored with two prestigious awards: the National Intellectual Property Award from the Indian Patent Office, recognizing the company as the ‘Top Public/Private Company for Patents Filing, Grant & Commercialization in India,’ and the World Intellectual Property Award from the World Intellectual Property Organization (WIPO) as part of the WIPO Awards Program.
These accolades acknowledge Tata Steel’s significant contributions to intellectual property, with the company filing over 2,000 patent applications globally. In FY24 alone, Tata Steel submitted 142 patent applications and was granted 395 patents. Between FY20 and FY24, the company consistently filed more than 130 patent applications annually, demonstrating its strong commitment to intellectual property through its research and development, collaborative initiatives, and innovative practices.
Subodh Pandey, Vice President – Technology, R&D, NMB, and Graphene at Tata Steel, shared, “The steel industry holds vast potential for creating competitive advantages through R&D and collaboration with top academic institutions. There is also a growing need for R&D efforts aimed at building a more sustainable steel sector. Tata Steel has embraced these opportunities, staying ahead in technology and innovation while setting a benchmark for others in intellectual capital development.”
Tata Steel’s commitment to innovation dates back to 1937, when it established one of India’s oldest R&D facilities. The company filed its first patent in 1938 and has since built a robust patent portfolio. Recently, the Indian Patent Office featured Tata Steel’s innovations in a compendium that highlights solutions aligned with the United Nations’ 17 Sustainable Development Goals (SDGs).
The National Intellectual Property Awards are presented annually to recognize individuals, institutions, and companies for their exceptional contributions to intellectual property creation and commercialization. These awards play a vital role in enhancing India’s intellectual property ecosystem and promoting innovation and creativity. They also encourage effective management of IP portfolios, which significantly influences innovation across various industries.
Tata Steel Group is one of the top global steel companies, with an annual crude steel capacity of 35 million tonnes per annum. It is highly geographically diversified, with operations and commercial presence across five continents, and recorded a consolidated turnover of approximately US$27.7 billion in the financial year ending March 31, 2024.
Tata Steel, along with its subsidiaries, associates, and joint ventures, employs over 78,000 people globally. The company has set ambitious sustainability goals, including achieving Net Zero by 2045, and is undergoing a multi-year digital transformation to become a leader in ‘Digital Steelmaking’.
Its Jamshedpur, Kalinganagar, and IJmuiden plants have received the World Economic Forum’s Global Lighthouse recognition, and the company has been awarded the ‘Digital Enterprise of India – Steel’ Award 2024 by Economic Times CIO. Tata Steel has also been acknowledged for its commitment to diversity, equity, and inclusion, earning the World Economic Forum’s Global Diversity, Equity & Inclusion Lighthouse 2023 recognition.
A consistent performer on the DJSI Emerging Markets Index since 2012, it has ranked among the top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016. Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification, followed by its Kalinganagar and Meramandali plants, with more than 90% of its steel production in India now coming from ResponsibleSteelTM certified sites.
Tata Steel’s numerous accolades include the Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, seven consecutive Steel Sustainability Champion recognitions from worldsteel, the 2023 Climate Change Leadership Award by CDP, and recognition as the most valuable mining and metals brand in India in 2024 by Brand Finance. The company has also been recognized with several awards, including the 2023 Global ERM Award of Distinction, ‘Masters of Risk’ at The India Risk Management Awards, and the ICSI Business Responsibility and Sustainability Award 2023.
