Stamcorp International Pte Ltd bags SBR National Business Awards for Metals & Mining
Stamcorp keeps their workforce well-motivated and fully supported.
Stamcorp is one of the world’s largest trader of ferrous scrap metal by container volume moving over a million tons every year from the origin countries to the end user countries with its head office in Singapore. Their reach stretches globally through all seven continents of the world and continues to expand their footprint to cover new geographical territories.
Stamcorp was started from scratch by its managing director Nikhil Kumar. He moved to Singapore from India in the early part of this century after completing his master’s in business and worked for a commodity broking firm for around a year. With no financial backup, he ventured into various related fields—but they were not enough even to sustain his living. As a result, he had to borrow money to make ends meet for his family time and again.
Despite this, his determination to establish the business never wavered.
The first few years of building Stamcorp were very challenging, with scrap trade being unorganized and full of pitfalls. A few years went by, and the company identified the right people in the trade both on the purchase and sales side. Once they learned the finer points, Stamcorp adopted various strategies and models to source the right material. They tied up with scrap yards, leasing of yards, financial alignments, opening overseas offices at strategic centers, representative offices, manning physical inspections to ensure quality and managing advances, and related shipments by the yard owners, etc.
While these were happening, they strengthened banking tie-ups, credit lines, friendly loans, logistics concerns, and other requisites. The results of their hard work paid well, and they gradually started building large volumes until it reached a sales volume of over SGD 500 million in 2019.
Today, Stamcorp is present all over the world—from the American continents (North, South, and Latin America), Europe, the African continent, Caribbean islands—to the Middle East, Far East, and the rest of Asia. They also have a good presence even in countries like Haiti, Surinam, Panama, Jamaica, Costa Rica, Mauritania, French Guyana, etc., thus making their Singapore office a trading hub in the world.
Stamcorp keeps their workforce well-motivated and fully supported. Even though the company faced many upheavals such as the financial crisis during the COVID-19 pandemic, they take pride in not having a single working employee retrenched even during this crisis.