MTAR Technologies IPO Review: ICICI Direct
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ICICI Direct Report
MTAR Technologies, a precision engineering solutions company, was founded in 1970.
The company manufactures hi-precision indigenous components, subsystems and assemblies having components with close tolerances (5-10 micros).
Currently, the company has seven manufacturing units in Hyderabad with more than 400 machines, 891 permanent employees and 248 contractual workmen. At the helm of affairs is Promoter and Managing Director, Parvat Srinivas Reddy.
The company operates in three segments viz. nuclear, space and defence and clean energy and manufactures 14 products in the nuclear sector, six in space and defence and three in the clean energy sector.
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