By Michael Anderson & Emily Carter | New Delhi | MSTC Limited, a Mini Ratna Central Public Sector Enterprise (CPSE) under the Ministry of Steel, Government of India, has announced the appointment of Shri Siraiong Singpho and Shri Niwas Mandal as Non-Official Independent Directors on its Board of Directors. The appointments were approved through a Board Resolution by Circulation and will be effective from July 18, 2026, for a period of three years, or until further orders issued by the Government.
The move is expected to further strengthen the company’s corporate governance framework, enhance board independence, and support its long-term strategic initiatives in India’s growing digital commerce and e-auction sectors.
Board Approves Key Appointments
According to the official announcement, the Board of Directors of MSTC Ltd. approved the appointments through a resolution circulated among board members.
The newly appointed Independent Directors are expected to provide independent oversight, contribute to policy formulation, improve risk management, and ensure that the company continues to operate with high standards of transparency, accountability, and good corporate governance.
Profile: Shri Siraiong Singpho
Shri Siraiong Singpho is a businessman, social activist, and public figure with significant experience in environmental conservation and community development.
His professional highlights include:
- Former Advisory Member of the State Wildlife Board
- Former Member of the Namdapha Tiger Project Foundation
- Active involvement in wildlife conservation, social welfare, and regional development initiatives
- Holds a Bachelor of Arts (B.A.) degree from Delhi University
His experience in public policy, environmental management, and social service is expected to bring valuable perspectives to the Board.
Profile: Shri Niwas Mandal
Shri Niwas Mandal is an experienced advocate with nearly 30 years of legal practice.
His background includes:
- Around three decades of legal experience
- Recognized social worker
- Holds a B.A. LL.B. degree
- Extensive knowledge of legal affairs, governance, and public administration
His legal expertise is expected to strengthen the Board’s oversight of regulatory compliance and governance matters.
Role of Independent Directors
Independent Directors play a critical role in ensuring that public sector enterprises maintain:
- Transparent decision-making
- Strong corporate governance
- Regulatory compliance
- Protection of shareholder interests
- Ethical business practices
- Effective risk management
Their independent judgment helps improve board effectiveness while supporting sustainable business growth.
About MSTC Limited
MSTC Limited is a Mini Ratna Category-I Central Public Sector Enterprise operating under the Ministry of Steel, Government of India.
Headquartered in Kolkata, West Bengal, the company has regional offices across India and is recognized as one of the country’s leading providers of e-commerce, e-auction, e-procurement, e-sales, and digital marketing solutions.
Over the years, MSTC has expanded beyond traditional trading activities and now plays a significant role in India’s digital transformation by offering technology-driven platforms for government departments, public sector enterprises, financial institutions, and private organizations.
Its major business segments include:
- E-Auction Services
- E-Procurement Solutions
- E-Commerce Platforms
- Scrap Disposal
- Asset Monetization
- Coal and Mineral Auctions
- Recycling and Circular Economy Initiatives
Strategic Importance
The appointment of experienced professionals from diverse backgrounds reflects the Government’s continued emphasis on enhancing the governance standards of public sector enterprises.
With expertise in law, business, social development, and environmental governance, the new Independent Directors are expected to contribute to MSTC’s strategic decision-making as the company expands its digital business portfolio.
As India’s public sector increasingly adopts technology-driven governance and digital procurement systems, a strong and independent Board will play an important role in ensuring efficiency, transparency, and sustainable growth for MSTC Limited.
