MTAR Technologies Ltd
MTAR Technologies is a Hyderabad-based precision engineering company founded by P Ravindra Reddy in the 1970s, now led by next-generation management. Operates in 3 sectors: Space, Civilian Nuclear Pow
Last verified:
At a Glance
- Headquarters
- Hyderabad, Telangana, India
- Type
- Company (listed)
- Founded
- 1970s (P Ravindra Reddy; built reputation in 1970s-80s Hyderabad precision engineering)
- India entity
- null
- Listed
- Yes — NSE: MTARTECH / BSE: 543273; IPO 3-5 March 2021 ₹596.41 Cr (issue price ₹575/share); listed 15 March 2021 at ₹1,063.90 (+85.03%); current ~₹6,997 (Aug 2026)
- Key India role
- MTAR Technologies is a Hyderabad-based precision engineering company founded by P Ravindra Reddy in the 1970s, now led by next-generation management. Operates in 3 sectors: Space, Civilian Nuclear Pow
- indicators
- []
- key specs
- []
What It Is
MTAR Technologies is a Hyderabad-based precision engineering company founded by P Ravindra Reddy in the 1970s, now led by next-generation management. Operates in 3 sectors: Space, Civilian Nuclear Power, and Defence & Aerospace. Over 30 years partnership with ISRO supplying mission-critical assemblies for GSLV and PSLV including Vikas engines and cryogenic upper-stage subsystems. Played crucial role in ISRO's 100th satellite launch (29 Jan 2025) and LVM3-M6 heaviest launch mission (Dec 2025) — supplying Vikas engines and cryogenic upper-stage subsystems. Civil nuclear: ₹563.23 Cr BHEL contract (Jun 2026); Nuclear Power Corporation of India order (Aug 2026); key supplier for Prototype Fast Breeder Reactor (PFBR). Defence: manufactured Agnikul Cosmos's rocket engines (Agnilet/Agnite).
Deployments & Procurement
7 documented India deployment(s)/procurement(s).
| Agency | Context | Year | Quantity / Note | Sources |
|---|---|---|---|---|
| Multiple | ISRO 100th satellite launch (29 January 2025) — MTAR supplied key components | 2025 | — | [1][2][3] |
| Multiple | ISRO LVM3-M6 heaviest launch mission (December 2025) — MTAR supplied Vikas engines and cryogenic upper-stage subsystems (per ToI Hyderabad 26 Dec 2025) | 2025 | — | [1][2][3] |
| Multiple | Over 30 years ISRO partnership — supplying critical assemblies for GSLV and PSLV programmes | — | [1][2][3] | |
| Multiple | BHEL contract — ₹563.23 Cr (Jun 2026) for nuclear infrastructure | 2026 | — | [1][2][3] |
| Multiple | Nuclear Power Corporation of India (NPCIL) order — Aug 2026 | 2026 | — | [1][2][3] |
| Multiple | Listed on NSE/BSE on 15 March 2021 at ₹1,063.90 (+85.03% over issue price ₹575) | 2021 | — | [1][2][3] |
| Multiple | IPO size ₹596.41 Cr (3-5 March 2021) | 2021 | — | [1][2][3] |
Import Dependencies
Not analysed in this dossier.
Intelligence Assessment
Methodology: /research/methodology/
FAQ
When did MTAR Technologies list on the stock exchanges?
15 March 2021 — IPO ₹596.41 Cr at ₹575/share, listed at ₹1,063.90 on BSE (+85.03% listing gain)
What is MTAR's role in ISRO's launch vehicle programme?
Over 30 years ISRO partnership supplying Vikas liquid propulsion engines, cryogenic upper-stage subsystems (Turbo Pumps, Booster Pumps, Gas Generators, Injector Heads) for GSLV, PSLV and LVM3
Sources
- src-01Official
- src-02IndicativeOver 30 years with ISRO supplying critical assemblies for GSLV and PSLV
Domain root only; demoted to indicative per Atlas source-quality rule.
- src-03Official
- src-04Credible
- src-05Credible
- src-06Credible
- src-07Credible
- src-08Indicative
- src-09Credible
- src-10IndicativeCivilian nuclear portfolio: Fuel Machining Heads, Drive Mechanisms, Bridge and Column assemblies
Domain root only; demoted to indicative per Atlas source-quality rule.
- src-11Indicative
- src-12Indicative
- src-13Indicative
- src-14Credible
- src-15Indicative