MSTC meaning in Business ?

Answer: What is Maharashtra State Textile Corporation mean?

Maharashtra State Textile Corporation (MSTC) is a limited company owned by Maharashtra State. It was established on 6 September 1966, having its head office at Mumbai. Their stated purpose was to take over ailing privately owned textile mills, which were being closed down and make those mills more productive and also to start new mills in industrially undeveloped parts of the state.

MSCT took over 26 ailing textile mills, 19 of which were later turned over to National Textile Corporation. It presently holds Pratap Mills, Amalner, Vijay Mills, Badnera, Shree Shahu Chhatrapati Mills, Kolhapur, Narsinggirji Mills, Solapur, Pulgaon Cotton Mills, Pulgaon, Western India Mills at Mumbai and the Empress Mill, Nagpur.

They started two mills namely Devagiri Textile Mills at Aurangabad in 1980 and Kalameshwar Textile Mills at Kalameshwar in 1984.

The state government closed down all the mills under MSTC in 2001, due to running in losses over the years and presently there are no functioning textile mills under the corporation, however, company holds the lands of these mills.

reference

Full Form	Category
Math Science Teaching Corps	Academic & Science
Midnite Sun Training Center	Academic & Science
Medical Simulation Training Center	Academic & Science
Master of Science in Telecommunications Engineering	Academic & Science
Master of Science in Technical Communication	Academic & Science
Metal Scrap Trading Corporation	Business
Midwestern Securities Trading Company	Business
Management and Specialty Training Center	Business
Maharashtra State Textile Corporation	Business
Manchester Suburban Tramways Company	Business
Mansfield State Teachers College	Community
Microsoft Technical Communities	Computing
Microsoft Student Tech Club	Computing
M S in Technology Commercialization	Computing
Math Science Technology Center	Computing
Mid-state Technical College	Educational Institute
Mount Sanford Tribal Consortium	General
Making Sense of Turbulent Contexts	General
Marine Survival Training Center	General
Mt Sanford Tribal Consortium	General
Multiple Subject Teaching Credential	General
Motorcycle Safety Training Center	General
Mail Server Test Center	General
Maritime Security Transit Corridor	General
Montgomery Stroke And Turn Clinic	General
Mississippi State Tax Commission	Governmental
Maharashtra State Textile Corporation Limited	Maharashtra Government
Medical Simulation Training Centers	Medical
Medical Simulations Training Center	Medical
Medical Sciences Teaching Centre	Medical
Military Student Transition Consultants	Military and Defence
Military Student Transition Consultant	Military and Defence
Chief Marine Science Technician	Military and Defence
Metal Scrap Trade Corporation Limited	Miniratna Central Public Sector Enterprise
Math Science and Technology Center	Technology
Master of Science In Technology Commercialization	Technology