Noel Tata, Chairman of Tata International
“By combining the reach and credibility of Tata International with the global capabilities of Mercuria, we believe the joint venture is well positioned to build a high-quality, scalable and compliant trading platform,” said Noel Tata, Chairman of Tata International.
Tata International trades commodities in 50 countries and supports the multinational conglomerate Tata Group with trade and distribution. Tata Group is a major player in steel, infrastructure, motor vehicles and aerospace, among other industries, all of which require vast amounts of natural resources such as metals and gas, which a commodities trader like Mercuria could help supply.
“India represents a compelling long-term opportunity in global trade,” said Mercuria CEO Marco Dunand. Switzerland-based Mercuria was founded in 2004 with an initial focus on oil trading, but has expanded in recent years to include a global metals trading book. The joint venture will become operational upon receipt of necessary regulatory approvals.
Published on February 6, 2026
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