The board of directors, International Iron and Steel Institute (IISI) has elected B. Muthuraman, managing director of Tata Steel on the executive committee of the IISI. This was announced at the thirty-seventh annual conference of the IISI held on October 6, 2003. The executive committee comprises of leading luminaries of the steel industry across the globe. They include MDs and CEOs of companies such as Nucor, Arcelor, ThyssenKrupp, Nippon Steel, Kawasaki Steel and US Steel.

IISI is a non-profit research organisation; it is a world forum on various aspects of the international steel industry. Headquartered in Brussels, Belgium, IISI was set up in 1967 and was the first international association dealing solely with one industry. IISI has focused on the key issue of steel industry profitability.

Tata Steel under the leadership of B. Muthuraman has undertaken several initiatives to become one of the very few EVA positive steel companies in the world. It aspires to be EVA positive on a continuous basis year after year. India's only "world class" steel manufacturer, Tata Steel is committed to improving the quality of life and communities by using its profits for their benefit. The company is on the verge of completing hundred years of existence and has always strived to supply the highest quality of products to its customers. By branding its offers, Tata Steel has reduced its dependency on the cyclical nature of commodity prices. Efforts undertaken in the recent past have yielded rich dividends and record profits.

Mr Muthuraman joined Tata Steel in 1966 as a graduate trainee after completing his metallurgical engineering from IIT Madras. He has completed his management education from XLRI, Jamshedpur and CEDEP, France. He was appointed as managing director of Tata Steel in July 22, 2001. He is also on the board of directors of several companies and national bodies.