STC was incorporated in 1956 as CPSE. It is functioning under the administrative control of Ministry of Commerce & Industry. STC has been in international trade for over six decades. Till 1990, the basket of STC’s trade predominantly comprised bulk agro products, such as, rice, wheat, castor oils, sugar, edible oils, etc. However, to meet the challenges posed by liberalisation and globalisation of trade policies, STC diversified into new areas of trade over last two decades which included bullion, hydrocarbons, metals, minerals, ores, fertilisers and petro-chemicals.

Recently, STC has stopped undertaking any new business activity and is currently continuing as a non-operative company for the time being.