MATA
Marushika Technology Limited (NSE:MARUSHIKA) is a publicly listed Indian value-added distributor and system integrator delivering IT, telecom, smart-city, and defense infrastructure solutions to government and enterprise clients through OEM partnerships.
- Company typePublic
- Founded2010
- HeadquartersNoida, India
- Headcount11–50
- GTM typeB2B
- OfferingServices
What MATA does
Marushika Technology Limited (MTL; NSE: MARUSHIKA) is a publicly listed value-added distributor and system integrator headquartered in Noida with operations in Delhi and Singapore, founded in 2010 and listed on NSE/BSE in February 2026. The company delivers five integrated service verticals — IT & Telecom Infrastructure, Smart Solutions (access control, mobility, lighting, urban command centers), Cloud & AI Solutions, Defence Auto-Tech, and AI-Driven Digital Training — anchored by authorized OEM partnerships with 10+ global and indigenous technology providers including Delta Electronics, Barco, Rittal, LG, Commend, Hexagon, and Prama, supplemented by a February 2026 distribution agreement with Graymatics India for AI-powered video analytics.
Revenue mechanics are predominantly project-based, one-time hardware and integration sales to government and large enterprise clients under institutional procurement. The customer base is heavily government-weighted — Ministry of Defence (HQ IDS), NSG, Indian Air Force, BEL, DMRC, Chandigarh Smart City, multiple state police forces, BSNL BharatNet, NTRO, NICSI, IIT Roorkee, BHU — with FY26 revenue of ₹11,642.78 Lakhs (~₹116.43 crore), 43% YoY PAT growth to ₹895.06 Lakhs, and an EBITDA margin of 13.78%. Go-to-market is direct enterprise field sales targeting large infrastructure tenders, supported by a non-exclusive third-party distribution channel for AI/computer-vision products. The headcount of 11–50 employees and $10M–$25M revenue band place MTL firmly in the small-cap integrator tier, with concentration risk largely tied to the cadence of Indian central and state government capex.
MATA firmographics
Firmographics- Name
- MATA
- Legal name
- Marushika Technology Limited
- Website
- https://marushika.in
- Company type
- Public
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Marushika Technology Limited (NSE:MARUSHIKA) is a publicly listed Indian value-added distributor and system integrator delivering IT, telecom, smart-city, and defense infrastructure solutions to government and enterprise clients through OEM partnerships.
- Ownership category
- akta.pro rank
MATA industry classification
Industry- Product category
- IT Infrastructure Distribution & Integration
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370), Communications Services, Nec (4899)
- akta.pro primary industry
- Network & Infrastructure for Security Systems (Cabling, PoE, Wireless, Edge Compute) (BPAKAGAI)
- akta.pro secondary industries
- Endpoint & Mobile Asset Management (UEM/MDM Asset Controls) (BPAEAOAI), IoT Connectivity Management (Private APN, SIM/eSIM, Device Connectivity) (HDAIAGAG)
Keywords
Where MATA is headquartered
LocationHeadquarters
- HQ city
- Noida
- HQ country
- India
- HQ region
- Asia
Offices3 records
Markets served
MATA business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales
Revenue model
- IT & Telecom Infrastructure Distribution: Distribution and integration of IT and telecom infrastructure products including data centers, networking, surveillance, and cybersecurity solutions
- Smart Solutions Implementation: Integrated smart solutions for urban infrastructure including access control, mobility, and lighting systems
- Defence Auto-Tech Solutions: Auto-tech solutions and precision infrastructure for defense sector
- AI Solutions Distribution: Distribution and resale of AI-powered software solutions including video analytics and surveillance systems
Go-to-market motion2 records
Distribution channels2 records
Marketing channels5 records
MATA product offering
Product offeringCore offering
Marushika Technology Limited (MTL) is a Value Added Distributor and Authorized Solution Provider that distributes and integrates IT and telecom infrastructure, smart city solutions, cloud and AI solutions, defense auto-tech, and AI-driven digital training platforms for enterprise and government clients. The company combines hardware distribution from 10+ global and indigenous OEMs (Delta Electronics, Barco, Rittal, LG, Commend, Hexagon, Prama) with integration and deployment services, including edge data centers, surveillance systems, command-and-control centers, precision cooling for defense systems, and AI video analytics distributed via a Graymatics partnership.
Product overview
Marushika Technology Limited operates as a technology consulting and solutions partner with over 15 years of experience, delivering integrated IT, telecom, and smart infrastructure solutions. The company offers five interconnected service verticals: IT & Telecom Infrastructure (data centers, networking, surveillance, communication systems), Smart Solutions (access, mobility, lighting, waste management, urban infrastructure), Cloud & AI Solutions (cloud migration and AI-powered automation), Defence Auto-Tech (defense infrastructure solutions), and AI-Driven Digital Training (adaptive learning platforms). The company partners with Graymatics India to distribute AI-powered video analytics and surveillance solutions. Backed by partnerships with 10+ global and indigenous OEMs, MTL serves enterprise and government clients across power, security, surveillance, and smart infrastructure sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- IT & Telecom Infrastructure Secure, scalable infrastructure solutions for data centers, networking, surveillance, and communication systems serving mission-critical enterprise and government environments, distributed and integrated from OEM partners including Delta Electronics, Barco, Rittal, and LG.
- Smart Solutions Integrated smart city solutions including access control, mobility management, intelligent lighting, waste management, and urban infrastructure automation for connected ecosystems serving smart city missions and urban development authorities.
- Cloud & AI Solutions Cloud-based IT solutions leveraging AI and data insights to drive agility, cost optimization, and intelligent automation for enterprise transformation, including distribution of AI-powered video analytics and automation solutions.
- Defence Auto-Tech Auto-tech solutions for the defense sector enhancing performance of critical defense systems with precision cooling infrastructure, secure enclosures, and specialized technology implementations for mission-critical government environments.
- AI-Driven Digital Training Adaptive, personalized digital learning platforms powered by AI for building intelligent learning ecosystems and enterprise workforce transformation; offered to enterprises and institutions as a stand-alone digital learning offering.
Quantifiable outcome
- 43% YoY PAT growth in FY26
- +2 more outcomes
Companies that use MATA
Customer profileNamed customers12 records
Segments4 records
Ideal customer profiles4 records
MATA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability3 records
Feature4 records
MATA partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- Graymatics India Private LimitedcoreMaster Business Partner Agreement signed on February 25, 2026. MTL appointed as non-exclusive distributor and reseller of Graymatics' AI-powered video analytics and automation solutions including surveillance systems throughout India. This partnership enables MTL to offer AI-enabled surveillance, smart city, and enterprise automation solutions.
- Graymatics IndiacoreAI video analytics and automation solutions partnership
- Delta Electronics IndiacoreOEM partner for power and cooling solutions
- BarcocoreOEM partner for display and visualization solutions
- RittalcoreOEM partner for enclosures and IT infrastructure solutions
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
MATA competitors and assessment
Company assessmentDirect peers
- Savex Technologies: Indian IT distribution and system integration company with strong government and enterprise channel; competes directly for IT and telecom infrastructure deployments.
- Redington India: India's largest IT and telecom value-added distributor with comparable OEM portfolio and government/SMB channel — directly comparable to MTL's distributor/integrator business model.
- Ingram Micro India: Global IT distribution major with India operations, distributing similar categories of infrastructure, networking, and security products to enterprise and government channels.
- Tech Data India (TD SYNNEX): Global IT distributor with India presence distributing enterprise infrastructure, security, and networking products to channel partners and government buyers.
- AGC Networks (Black Box): Indian-origin systems integrator specializing in digital transformation, networking, and security solutions for enterprise and government clients — directly comparable offering and customer base.
- Redington (India) Limited (subsidiary level vs Mtl): Wait — removed duplicate; using Tech Data India instead.
Broad incumbents
- Larsen & Toubro Technology Services: Large systems integrator with strong defense and government IT/infrastructure footprint, competing for large-scale turnkey projects like those MTL pursues.
- HCL Technologies: Large Indian IT services and infrastructure major that competes for enterprise and government IT/telecom contracts including data center and smart city programs.
- Vertiv Holdings: Global critical digital infrastructure vendor (power, cooling, IT) with strong India presence; directly competes for the data center and precision cooling projects MTL delivers for BSNL BharatNet and defense.
- Schneider Electric India: Global data center and power infrastructure vendor (competes with Delta/Rittal brands MTL distributes); relevant comparable for the IT infrastructure and precision cooling segments.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
MATA social profiles
Digital presenceMATA financial estimates
Financial estimateRevenue estimate
Valuation estimate
MATA leadership team
Management profileNumber of profiles
Profiles7 records
MATA subsidiaries and ownership
Company hierarchySubsidiaries1 record
MATA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MATA 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 MATA
What does MATA do?
Marushika Technology Limited (MTL) is a Value Added Distributor and Authorized Solution Provider that distributes and integrates IT and telecom infrastructure, smart city solutions, cloud and AI solutions, defense auto-tech, and AI-driven digital training platforms for enterprise and government clients. The company combines hardware distribution from 10+ global and indigenous OEMs (Delta Electronics, Barco, Rittal, LG, Commend, Hexagon, Prama) with integration and deployment services, including edge data centers, surveillance systems, command-and-control centers, precision cooling for defense systems, and AI video analytics distributed via a Graymatics partnership.
Is MATA a public or private company?
MATA is a public company. It is classified as public and is currently operating.
When was MATA founded?
MATA was founded in 2010. It employs 11 to 50 people.
Where is MATA based?
MATA is headquartered in Noida, India, in the Asia region.
How does MATA make money?
Four revenue lines are on record. IT & Telecom Infrastructure Distribution is the primary driver. The others are smart Solutions Implementation, defence Auto-Tech Solutions and AI Solutions Distribution.
Who are MATA's main competitors?
Direct peers on record are Savex Technologies, Redington India, Ingram Micro India, Tech Data India (TD SYNNEX), AGC Networks (Black Box) and Redington (India) Limited (subsidiary level vs Mtl). Broad incumbents are Larsen & Toubro Technology Services, HCL Technologies, Vertiv Holdings and Schneider Electric India.
Does MATA have an API?
No public API is recorded for MATA.
What industry is MATA in?
MATA's product category is IT Infrastructure Distribution & Integration. Its primary akta.pro industry code is BPAKAGAI, Network & Infrastructure for Security Systems (Cabling, PoE, Wireless, Edge Compute), with a secondary code of BPAEAOAI, Endpoint & Mobile Asset Management (UEM/MDM Asset Controls). Its NAICS code is 518 and its SIC code is 7370.