MTAR Technologies IPO Review: ICICI Direct
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MTAR Technologies, a precision engineering solutions company, was founded in 1970.
The company manufactures high precision native components, subsystems and assemblies having components with tight tolerances (5-10 micros).
Currently, the company has seven manufacturing units in Hyderabad with more than 400 machines, 891 permanent employees and 248 contract workers. At the helm of the business is the promoter and managing director, Parvat Srinivas Reddy.
The company operates in three segments viz. nuclear, space and defense and clean energy and manufactures 14 products in the nuclear sector, six in space and defense and three in the clean energy sector.
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