MUMBAI: Steel major Tata Steel, has bagged the 'World's Most Admired Company' award by a global management consulting firm, Hay Group and has registered itself in the Fortune magazine's 2011 list.
The award was received by Mr H Nerurkar, managing director of the company at a award function held here. Tata Steel has secured the sixth rank in the 'Industry-Metals' category.
Mr H M Nerurkar, Managing Director, Tata Steel, said, “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.”
Hay Group was conducted amongst 1,000 Fortune companies, 500 non-US Global companies and top foreign companies operating in the US.