Mtar Technologies
- Company typePublic
- Founded1969
- HeadquartersBalanagar, India
- Headcount1,001–5,000
- GTM typeB2B
- OfferingHardware or Manufacturing
Mtar Technologies firmographics
Firmographics- Name
- Mtar Technologies
- Legal name
- MTAR Technologies Ltd
- Website
- https://mtar.in
- Company type
- Public
- Founded year
- 1969
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
Mtar Technologies industry classification
Industry- Product category
- Precision Engineering Manufacturing
- NAICS
- Precision Turned Product Manufacturing (332721), Bolt, Nut, Screw, Rivet, and Washer Manufacturing (332722), Hardware Manufacturing (332510)
- SIC
- Screw Machine Products (3451), Bolts, Nuts, Screws, Rivets & Washers (3452), Special Industry Machinery, Nec (3559)
- akta.pro primary industry
- Aerospace Fasteners & Hardware (IMABANAA)
- akta.pro secondary industry
- Process Skids & Modular Process Systems (Packaged Units) (IMAHAEAH)
Keywords
Where Mtar Technologies is headquartered
LocationHeadquarters
- HQ city
- Balanagar
- HQ country
- India
- HQ region
- Asia
Offices11 records
Markets served
Mtar Technologies business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Precision Engineering Manufacturing: B2B manufacturing revenue from producing high-precision components for critical applications. Revenue is project-based with significant order sizes (Rs 2,279 crore and Rs 467 crore international orders in May 2026). The company derives 55-65% of revenue from Bloom Energy in the clean energy segment, with remaining revenue from aerospace, defense, nuclear, and oil & gas sectors.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Project-based B2B contracts with negotiated pricing |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
Mtar Technologies product offering
Product offeringCore offering
MTAR Technologies is a precision engineering and manufacturing company that produces high-precision components and assemblies at micron-level tolerances (5–10 microns) for mission-critical applications. The company manufactures fuel cell hot box assemblies for Bloom Energy, launch vehicle components for ISRO, aerospace parts for GKN/Collins/Thales, nuclear power equipment for NPCIL, blowout preventers for oilfield services, and indigenous ball screws, operating through eight manufacturing units in Hyderabad with 600+ CNC machines and end-to-end in-house capabilities spanning machining, fabrication, brazing, heat treatment, assembly, and testing.
Product overview
MTAR Technologies is a precision engineering and manufacturing company offering a portfolio of specialized components across six core business segments: Space, Aerospace, Oil & Gas, Power, Clean Energy, and Ball Screws & Roller Screws. The company operates as a single unified precision manufacturing platform with in-house capabilities spanning machining, fabrication, heat treatment, surface treatment, brazing, welding, painting, assembly and testing. Their products range from critical assemblies for ISRO space missions and aerospace components for global aircraft manufacturers to fuel cell systems for AI data centers and industrial motion control solutions. The various product lines share common precision engineering capabilities and serve mission-critical applications in aerospace, defense, nuclear energy, and clean energy sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- Space Components
Quantifiable outcome
- Revenue grew 31% to Rs 876.21 crore in FY26
- +5 more outcomes
Companies that use Mtar Technologies
Customer profileNamed customers12 records
Segments7 records
Ideal customer profiles4 records
Mtar Technologies technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Mtar Technologies partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core and major.
- Bloom EnergycoreMTAR Technologies is the sole supplier of solid oxide fuel cell hot box assemblies to Bloom Energy, fulfilling approximately 50-60% of Bloom Energy's hotbox requirements under a 14-year partnership. This strategic relationship has become the primary revenue driver for MTAR, contributing an estimated 55-65% of total revenue. The partnership was strengthened when Bloom Energy expanded its partnership with Oracle to supply up to 2.8 GW of fuel cell systems for AI data centers, potentially generating Rs 1,400-1,700 crore in incremental orders for MTAR.
- ISRO (Indian Space Research Organisation)coreOver 30-year partnership supplying critical assemblies for GSLV (Geosynchronous Satellite Launch Vehicle) and PSLV (Polar Satellite Launch Vehicle) missions. MTAR supplied the first Vikas Engine for PSLV and continues to provide critical space components including cryogenic engine parts. The relationship is validated by multiple appreciation letters from ISRO and its centers.
- GKN AerospacecoreLong-term partnership as trusted aerospace components supplier for civilian aircraft systems. MTAR supplies precision-engineered components for global aerospace programs through this relationship.
- Rafael Advanced Defense SystemscoreIsraeli defense company partnership for precision components supply. MTAR is among the few Indian companies qualified to supply defense components to Israeli firms.
- Elbit SystemscoreGlobal Israeli defense electronics company partnership for specialized defense components and systems.
- Collins AerospacecorePartnership with Raytheon Technologies subsidiary for aerospace systems and components supply for commercial and defense aircraft.
- Bharat Electronics Limited (BEL)coreIndian defense electronics DPSU partnership for components and systems supporting India's defense manufacturing indigenization.
- DRDO (Defence Research and Development Organisation)corePartnership with India's premier defense research organization for development and supply of precision defense components and systems.
- Megha EngineeringmajorNuclear equipment orders totaling Rs 310 crore from Megha Engineering for projects at Kaiga 5 and 6 nuclear power plants. This represents significant expansion in nuclear segment order book.
- NPCIL (Nuclear Power Corporation of India)coreLong-term partnership for civil nuclear power program components and equipment supply for India's nuclear power generation capacity expansion.
Scale indicators8 records
Recent moves9 records
Expansion highlights5 records
Mtar Technologies competitors and assessment
Company assessmentDirect peers
- Bharat Forge: Indian precision engineering and components manufacturer with strong aerospace and defense exposure. Comparable to MTAR as a publicly-listed Indian precision manufacturer serving global tier-1 customers across critical engineering applications.
- Bharat Electronics Limited (BEL): Indian defense electronics DPSU and existing MTAR customer. Comparable as a publicly-listed Indian defense electronics manufacturer benefiting from indigenization tailwinds, with overlapping customer base in DRDO and Indian defense programs.
- Data Patterns (India): Indian defense electronics and aerospace systems company. Comparable as a smaller-cap Indian listed precision/defense electronics supplier serving DRDO and defense platforms, similar growth profile and order book dynamics.
- Schaeffler India: Indian subsidiary of the global precision engineering leader, focused on automotive and industrial motion components including ball screws and roller screws. Highly comparable to MTAR's ball screws business and precision motion control offering.
- Bharat Dynamics Limited (BDL): Indian defense PSU specializing in missiles and underwater weapons. Comparable as a listed Indian defense manufacturer with exposure to DRDO programs and Atmanirbhar Bharat-driven order growth, similar regulatory and customer dynamics.
- Paras Defence and Space Technologies: Indian precision engineering company serving defense, space, and aerospace. Highly comparable to MTAR as a smaller-cap listed Indian precision manufacturer with overlapping customer base in DRDO, ISRO, and private defense programs.
- Godrej & Boyce (Aerospace): Diversified Indian conglomerate with a precision aerospace and complex systems business. Comparable to MTAR's aerospace components segment in serving tier-1 aerospace OEMs with certified precision manufacturing.
Broad incumbents
- Hindustan Aeronautics Limited (HAL): India's premier aerospace and defense manufacturer. Comparable as a major Indian aerospace/defense player though significantly larger and vertically integrated, while MTAR operates as a precision component tier-1/tier-2 supplier.
- Mazagon Dock Shipbuilders: Indian defense PSU shipbuilder and heavy engineering manufacturer. Comparable as a publicly-listed Indian defense manufacturer benefiting from government capex and indigenization, though oriented toward naval platforms rather than precision components.
- Larsen & Toubro (Defence & Aerospace): India's largest engineering conglomerate with a significant defense and aerospace platform. Comparable as an Indian precision/defense manufacturer benefiting from indigenization, though much larger in scale and broader in scope than MTAR.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Mtar Technologies social profiles
Digital presenceMtar Technologies compliance and trust
Trust signalCompliance4 records
Mtar Technologies financial estimates
Financial estimateRevenue estimate
Valuation estimate
Mtar Technologies leadership team
Management profileNumber of profiles
Profiles7 records
Mtar Technologies funding detail
Funding detailFunding overview
Funding rounds1 record
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Mtar Technologies M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Mtar Technologies
What does Mtar Technologies do?
MTAR Technologies is a precision engineering and manufacturing company that produces high-precision components and assemblies at micron-level tolerances (5–10 microns) for mission-critical applications. The company manufactures fuel cell hot box assemblies for Bloom Energy, launch vehicle components for ISRO, aerospace parts for GKN/Collins/Thales, nuclear power equipment for NPCIL, blowout preventers for oilfield services, and indigenous ball screws, operating through eight manufacturing units in Hyderabad with 600+ CNC machines and end-to-end in-house capabilities spanning machining, fabrication, brazing, heat treatment, assembly, and testing.
Is Mtar Technologies a public or private company?
Mtar Technologies is a public company. It is classified as public and is currently operating.
When was Mtar Technologies founded?
Mtar Technologies was founded in 1969. It employs 1,001 to 5,000 people.
Where is Mtar Technologies based?
Mtar Technologies is headquartered in Balanagar, India, in the Asia region.
How does Mtar Technologies make money?
One revenue line is on record: precision Engineering Manufacturing.
Who are Mtar Technologies's main competitors?
Direct peers on record are Bharat Forge, Bharat Electronics Limited (BEL), Data Patterns (India), Schaeffler India, Bharat Dynamics Limited (BDL), Paras Defence and Space Technologies and Godrej & Boyce (Aerospace). Broad incumbents are Hindustan Aeronautics Limited (HAL), Mazagon Dock Shipbuilders and Larsen & Toubro (Defence & Aerospace).
Does Mtar Technologies have an API?
No public API is recorded for Mtar Technologies.
What industry is Mtar Technologies in?
Mtar Technologies's product category is Precision Engineering Manufacturing. Its primary akta.pro industry code is IMABANAA, Aerospace Fasteners & Hardware, with a secondary code of IMAHAEAH, Process Skids & Modular Process Systems (Packaged Units). Its NAICS code is 332721 and its SIC code is 3451.