New Delhi: Kapil Kumar Gupta is set to be new Director (Finance) of MMTC Limited, a metals and minerals trading PSU under the Ministry of Commerce and Industry. Gupta’s name has been recommended by a PESB panel on Thursday. He is currently serving as General Manager at Engineers India Limited (EIL), a Navratna PSU under the Ministry of Petroleum and Natural Gas. After the appointment, Gupta will replace Umesh Sharma, who is currently holding the charge of Director (Finance) at MMTC Limited.
Only two candidates, including Gupta, were shortlisted by the selection panel for the interview. Another candidate who was on the list was from MMTC Limited.
Gupta is a Chartered Accountant from the Institute of Chartered Accountants of India (ICAI). He has more than 26 years of experience in his field.
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He has been working with EIL for 26 years. Having joined in June 1993, he served in different capacities at the organisation.
MMTC Limited is the leading international trading company in India and has been in existence for close to six decades. The premier trading house has always striven to outperform its own past records.
MMTC Limited was formerly known as Metals and Minerals Trading Corporation of India. It is one of the two highest earners of foreign exchange for India and India’s largest public-sector trading body. Not only handling the export of primary products such as coal, iron ore, and manufactured agro and industrial products, MMTC also imports important commodities such as ferrous and nonferrous metals for industry and agricultural fertilizers. MMTC’s diverse trade activities cover Third Country Trade, Joint Ventures and Link Deals and all modern forms of international trading. The company has a vast international trade network, spanning almost in all countries in Asia, Europe, Africa, Oceania, America and also includes a wholly-owned international subsidiary in Singapore, MTPL.