MSTC

What MSTC does

MSTC Limited is a Mini Ratna Category-I public sector undertaking under the Ministry of Steel, Government of India, founded in 1964 and headquartered in Kolkata. The company operates a proprietary e-commerce platform (mstcecommerce.com) that facilitates e-auction, e-procurement, and e-sale services for central government ministries, state departments, and public sector undertakings. Its service offerings span coal linkage auctions, scrap and mineral disposal, vehicle auctions, property disposal (including for the Enforcement Directorate), and ferrous scrap export regulation. The platform processes an annual volume of business of approximately Rs 82,000 crore and is supported by a country-wide physical footprint of 4 regional offices, 15 branch offices, and 1 site office.

MSTC's business model is built on transaction fees and commissions earned on the volume of auctions and procurement conducted through its platform. Its primary customer base is government entities and PSUs, with notable contracts including a three-year Coal India NRS Linkage auction mandate and disposal mandates for the Enforcement Directorate. The company has recently expanded into adjacent service verticals: government travel services (via a partnership with EaseMyTrip), Extended Producer Responsibility (EPR) certificate trading, a government tourism portal, and vehicle scrappage through its joint venture MMRPL with Mahindra Interplex. It maintains ISO 27001:2022 certification for information security.

The company is listed on the Bombay Stock Exchange (BSE: 542597) and has a track record of profitability spanning over 50 years. It employs between 251 and 500 people and pays a dividend yield of approximately 9.1-9.2%, with the most recent dividend payout showing a 161% year-over-year increase. Strategic positioning leverages its PSU status, regulatory mandate, and accumulated bidder base across sectors to maintain a defensible position in government e-commerce services.

Name

MSTC

Legal name

MSTC Limited

Website

https://mstcindia.co.in

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

251–500 employees

Short description

MSTC Limited is a Government of India PSU operating a proprietary e-commerce platform for e-auction, e-procurement, and e-sale services, serving central ministries, state departments, and PSUs across India with annual transaction volume of ~Rs 82,000 crore.

Ownership category

akta.pro rank

Product category

Government E-Auction and E-Procurement Services

NAICS

Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (5182)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Auction & Primary Issuance Platforms (IPO/Follow-on/Bond Auctions) (FSAFANAI)

akta.pro secondary industries

Online/Virtual Real Estate Auctions (Marketplace Platforms) (BPAJAEAJ), Auction-based Generalist Marketplaces (CRAFAAAC)

Keywords

• Government e-auction services
• E-procurement platforms
• Public sector procurement
• Mineral asset auctions
• Digital marketplace services

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices21 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure

Revenue model

1. E-Auction / E-Sale Services: MSTC serves as an e-auction service provider to a large number of government departments and PSUs since 2002. It conducts electronic auctions for ferrous scrap, surplus goods, immovable properties, and natural resources like coal and minerals. Revenue is generated through service fees charged for conducting auctions.
2. E-Procurement Services: MSTC commenced e-procurement services from 2012, developing customizable e-procurement portals for clients. The company facilitates procurement of industrial raw materials, project equipment on a facilitator mode, generating revenue through service charges.
3. Ferrous Scrap Export Regulation: MSTC was set up in 1964 to act as a regulating authority for export of ferrous scrap. This involves monitoring and controlling scrap exports, generating revenue from regulatory activities.
4. Retail Software / ERP Solutions: MSTC develops various ERP solutions including inventory management, Personnel & Administration (P&A), Finance & Accounts (F&A) packages, and dashboards for clients. This is a sub-vertical launched in Fiscal 2017.
5. Marketing / Trading Services: MSTC is engaged in procurement of industrial/other raw materials, project equipment on facilitator mode using business models including cash-and-carry, 110% Bank Guarantee backed procurement, and associate supplier models.
6. Recycling (Joint Venture - MMRPL): MSTC formed a 50:50 joint venture with MIL to create MMRPL, one of the first organized auto shredding plants in India for recycling End-of-Life Vehicles (ELVs) and white goods, expanding into the recycling sector.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

MSTC Limited operates a proprietary e-commerce platform (mstcecommerce.com) providing electronic auction (e-auction), e-procurement, and e-sale services to government departments, public sector undertakings, banks, and private sector clients. The platform facilitates transparent, real-time auctions for diverse assets including ferrous scrap, coal, iron ore, mineral blocks, immovable properties, bank distressed assets, customs-seized goods, agricultural commodities, and government surplus materials, earning revenue through transaction-based service fees.

Product overview

MSTC is a Mini Ratna Category-I PSU operating a unified e-commerce platform with multiple integrated modules for digital auctions, procurement, and trading. The core MSTC e-Commerce Portal serves as the umbrella platform, supported by specialized sub-products including E-Auction/E-Sale Services (the flagship forward auction service since 2002), E-Procurement Services, E-Tender Services, and Coal/Iron Ore mineral auctions. Additional offerings include Retail Software Solutions (ERP packages), Marketing Services with 110% BG-backed procurement, Property and Bank Property E-Auctions, and the MMRPL joint venture for auto recycling. The platform also extends into government travel services via the EaseMyTrip partnership, and specialized modules like E-RaKAM, M3-MSTC Metal Mandi, Jaivik Kheti for organic farmers, and Online Draw System. The architecture combines the main auction platform with domain-specific modules and white-label portals for government and institutional clients.

Differentiator

Problem solved

Functional benefit

Products and services

• MSTC E-Commerce Portal (e-Auction/e-Sale Services) A government e-commerce platform for conducting transparent real-time online auctions for diverse assets including ferrous scrap, surplus goods, immovable properties, natural resources like coal and minerals, and seized goods, serving government departments, PSUs, and private entities with multi-currency support and global accessibility.
• E-Procurement Services Electronic procurement portal that matches buyers with multiple sellers to fulfill purchase requirements, customizable for client-specific needs, supporting industrial raw materials and project equipment procurement.
• 110% BG Backed Procurement Services

Quantifiable outcome

• MSTC conducted ED's first-ever aircraft auction, selling a seized Hawker 800A for Rs 3 crore, setting a precedent for disposing of high-value movable assets in economic offence investigations through transparent digital mechanisms.
• +3 more outcomes

Named customers7 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Two partnerships are on record, tiered core.

• EaseMyTrip (Easy Trip Planners Ltd.)coreGTM or Marketing Partner · 27 March 2026EaseMyTrip partnered exclusively with MSTC Ltd to provide comprehensive travel services for government-sector organizations in India. Under the agreement, EaseMyTrip integrates its travel APIs (flights, hotels, holiday packages, bus bookings, cab services, activities) with MSTC's digital ecosystem to offer a centralized platform for government employees' travel needs linked to government workflows, budgets, and compliance requirements. The partnership enables EaseMyTrip to expand into the institutional and government travel segment while allowing MSTC to streamline procurement and booking processes across its institutional network.
• MIL (M&M Raw Materials Pvt. Ltd. - MMRPL Joint Venture)coreStrategic or Co-development PartnerMSTC formed a 50:50 joint venture with MIL called MMRPL (M/s MSTC-MIL Recycling Pvt. Ltd.) to expand into the recycling sector and support the secondary steel industry in India. MMRPL is one of the first organized auto shredding plants in India for recycling End-of-Life Vehicles (ELVs) and white goods. The JV company website is cerorecycling.com. This joint venture represents MSTC's diversification into end-of-life vehicle recycling and circular economy services.

Scale indicators12 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/mstcindia
• LinkedInlinkedin.com/company/mstc-ltd-

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about MSTC