An attempt has been made to study the effect of productivity on financial performance of Tata Steel Ltd. The Time period was Ten Year from 2010-11 to 2019-20.The regression model was built by researched. It is found that material productivity index shows fluctuating trend during the study period. Whereas labour productivity trend shows increasing trend during the study period. Overhead productivity trend is also fluctuating during the study period. The overall fluctuating trend is also highly fluctuating during the study period.  Chi-square test indicates insignificance difference between actual index and trend value. The adjusted R square is 77.55% which explains that 77.55% effect has been caused by independent variables.

KEYWORDS: Financial Performance, Globalization, Privatization, Liberalization, Economic Scenario.