Tata Steel has received two major honors for its achievements in intellectual property. The company was awarded the National Intellectual Property Award by the Indian Patent Office. It was named the “Top Public/Private Company for Patents Filing, Grant & Commercialization in India.” Tata Steel also won a World Intellectual Property Award from the World Intellectual Property Organization (WIPO) as part of the WIPO Awards Program.
These awards recognize Tata Steel’s strong contribution to the field of intellectual property. The company has filed more than 2,000 patent applications across the world. In the financial year 2024 (FY24) alone, Tata Steel filed 142 patent applications and was granted 395 patents. Between FY20 and FY24, the company consistently filed over 130 patent applications each year. This shows Tata Steel’s strong focus on research, collaboration, and innovation.
Subodh Pandey, Vice President – Technology, R&D, NMB, and Graphene at Tata Steel, said, “The steel industry has huge potential to create advantages through research and partnerships with top academic institutions. There is also an increasing need for R&D aimed at building a sustainable steel sector. Tata Steel has taken these opportunities seriously and continues to lead in technology and innovation. We also set a benchmark for intellectual capital development.”
Tata Steel’s focus on innovation dates back many decades. In 1937, the company set up one of India’s oldest R&D centers. It filed its first patent in 1938. Since then, it has built a strong portfolio of patents. Recently, the Indian Patent Office included Tata Steel’s work in a special publication highlighting innovations that align with the United Nations’ 17 Sustainable Development Goals (SDGs).
The National Intellectual Property Awards are given each year to honor individuals, institutions, and companies that make outstanding contributions to the creation and use of intellectual property. These awards aim to strengthen India’s intellectual property environment. They also promote innovation, creativity, and better management of intellectual property across industries.
Tata Steel Group is one of the world’s largest steel companies. It has an annual crude steel capacity of 35 million tonnes. The company operates across five continents and reported a consolidated turnover of about US$27.7 billion for the financial year ending March 31, 2024.
Together with its subsidiaries, associates, and joint ventures, Tata Steel employs more than 78,000 people worldwide. The company has set bold sustainability goals, aiming to achieve Net Zero carbon emissions by 2045. It is also carrying out a multi-year digital transformation to become a global leader in “Digital Steelmaking.”
Tata Steel’s plants at Jamshedpur, Kalinganagar, and IJmuiden have received the Global Lighthouse recognition from the World Economic Forum. The company was also named ‘Digital Enterprise of India – Steel’ at the 2024 Economic Times CIO Awards. Tata Steel has been honored for its work in diversity, equity, and inclusion, earning the Global Diversity, Equity & Inclusion Lighthouse award from the World Economic Forum in 2023.
The company has been a consistent performer in the DJSI Emerging Markets Index since 2012. It has also ranked among the top 10 steel companies globally in the DJSI Corporate Sustainability Assessment since 2016. Tata Steel’s Jamshedpur Plant became India’s first site to earn the ResponsibleSteelTM Certification, later followed by its Kalinganagar and Meramandali plants. Today, more than 90% of its steel production in India comes from ResponsibleSteelTM certified sites.
Tata Steel’s long list of awards includes the Prime Minister’s Trophy for the best-performing integrated steel plant for 2016-17, and seven consecutive recognitions as a Steel Sustainability Champion by worldsteel. It also won the 2023 Climate Change Leadership Award from CDP. In 2024, Brand Finance named it India’s most valuable mining and metals brand.
Other recognitions include the Global ERM Award of Distinction 2023, the ‘Masters of Risk’ title at The India Risk Management Awards, and the ICSI Business Responsibility and Sustainability Award 2023.
