Q. Who are the shareholders of the company?
A. The company has only two shareholders, namely TATA Steel and SAIL. Both these steel giants have an equal stake of 50 per cent each in mjunction.
Q. Is mjunction an independent organization?
A. Though mjunction is the result of a joint venture between TATA Steel and SAIL, it is an entirely independent body managed by a Board of Directors comprising representatives of shareholders and independant directors. All decisions, whether financial or otherwise, are taken directly by the Company Board which meets every quarter.
Q. What was the inspiration behind mjunction?
A. Men and women of mettle who have gone beyond the demarcated line to achieve the insurmountable have been the true inspiration for mjunction. Just as these individuals changed the world as we know it, mjunction was created to break barriers in the business systems and processes by incorporating certain out of the box ideas. mjunction was created once the realization dawned that the internet could serve as a perfect tool to reengineer the steel supply chain. The formation of the company was done with a view to benefit not just large but also small scale companies by providing them with a transparent, efficient and innovative platform for conducting business.
mjunction believes in a world without barriers of geography, processes, bureaucracy, and attitude.
Q. What does the mjunction brand signify?
A. mjunction services ltd is committed to building a world without barriers. The mjunction brand reiterates the philosophy of making business transactions and systems transparent, simpler, efficient and convenient through each interface we have with our stakeholders.
Q. Does the company enjoy any industry accreditation?
A. Over the years, mjunction has, through its exemplary performance, been a part of many associations and has been the recipient of several prestigious certifications including ISO 9001:2000. Some others are as follows:
Over the years we have grown in every respect - services, people, reach, infrastructure and revenue. As we continue to grow and add value to the supply chains we serve, we have broadened our horizons beyond the world of steel and metals.
We thus felt that the time was ripe to give ourselves a new name, a new identity to reflect our metamorphosis. So we heralded the new year with a new brand name and logo, and we have become mjunction services limited from metaljunction services limited. Other business units under the mjunction umbrella continue to have identities of their own.
Though our name has changed, and our horizons widened, our values haven't. We will continue to bring greater efficiency, convenience and transparency to even more supply chains in the future with the innovative use of IT and the Internet.
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