~ Tata Steel Brand Protection team continues its action on counterfeit products ~
Tata Steel officials, in collaboration with the Bengaluru Police, conducted a raid on a retailer located in Virgonagar, for infringing the Tata brand name and selling counterfeit Tata branded Chaff Cutter blades illegally.
The products were being sold under the registered ‘TATA’ trademark and branding in an attempt to deceive consumers into believing that they were purchasing genuine Tata products.
Upon receiving information about the unscrupulous activity, Tata Steel along with the Bengaluru Police conducted the raid on the retailer and seized the counterfeit products on December 9, 2023. An FIR has been registered against the party under the provisions of the Copyright Act 1957.
Tata Steel’s products possess tremendous goodwill in the minds of the consumers by virtue of the quality of the products and any unauthorised use of its brand name on counterfeit products can cause damage to the brand’s reputation.
Tata Steel strongly condemns any unauthorised use of its trademarks and logos. To safeguard its brand reputation and goodwill, Tata Steel's dedicated brand protection team diligently monitors and takes decisive action against entities that infringe upon the brand's intellectual property rights, including counterfeiters.
The Company remains committed to taking legal action against any such illicit activities that undermine its assets and harm its customers. The Company urges consumers to purchase Tata Steel products only from authorized distributors and dealers to ensure the authenticity of the product.
About Tata Steel
· Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum.
· It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world.
· The group recorded a consolidated turnover of ~US$30.3 billion in the financial year ending March 31, 2023.
· A Great Place to Work-CertifiedTM organisation, Tata Steel Limited, together with its subsidiaries, associates, and joint ventures, is spread across five continents with an employee base of over 77,000.
· Tata Steel has announced its major sustainability objectives including Net Zero Carbon by 2045, Net Zero Water consumption by 2030, improving Ambient Air Quality and No Net loss in Biodiversity by 2030.
· The Company has been on a multi-year digital-enabled business transformation journey intending to be the leader in ‘Digital Steel making by 2025’. The Company has received the World Economic Forum’s Global Lighthouse recognition for its Jamshedpur, Kalinganagar and IJmuiden Plants.
· Tata Steel aspires to have 25% diverse workforce by 2025. The Company has been recognised with the World Economic Forum’s Global Diversity Equity & Inclusion Lighthouse 2023.
· The Company has been a part of the DJSI Emerging Markets Index since 2012 and has been consistently ranked amongst top 10 steel companies in the DJSI Corporate Sustainability Assessment since 2016.
· Tata Steel’s Jamshedpur Plant is India’s first site to receive ResponsibleSteelTM Certification.
· Received Prime Minister’s Trophy for the best performing integrated steel plant for 2016-17, 2023 Steel Sustainability Champion recognition from worldsteel for six years in a row, 2022 ‘Supplier Engagement Leader’ recognition by CDP, Top performer in Iron and Steel sector in Dun & Bradstreet's India's top 500 companies 2022, Ranked as the 2023 most valuable Mining and Metals brand in India by Brand Finance, and ‘Most Ethical Company’ award 2021 from Ethisphere Institute.
· Received 2023 ERM (Enterprise Risk Management) Award of Distinction at the RIMS ERM Conference 2023, ‘Masters of Risk’ - Metals & Mining Sector recognition at The India Risk Management Awards for the seventh consecutive year, and Award for Excellence in Financial Reporting FY20 from ICAI, among several others.
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