The Company was incorporated as `MTAR Technologies Private Limited' pursuant to a certificate of incorporation dated November 11, 1999 issued by the erstwhile Registrar of Companies, Andhra Pradesh at Hyderabad, upon the conversion of `M/s Machine Tools Aids and Reconditioning', a partnership firm, into a private limited company, in accordance with the provisions of Part IX of the Companies Act, 1956. Thereafter, our Company was converted into a public limited company, pursuant to a special resolution passed in the extraordinary general meeting of our Shareholders held on October 20, 2020, and the name of our Company was changed to `MTAR Technologies Limited' and a fresh certificate of incorporation dated November 2, 2020 was issued to our Company by the RoC. Major events and milestones of our Company 1999 - Incorporation of our Company upon its conversion from a partnership firm to a private limited company
Commencement of manufacture of base shroud and fin assembly and pneumatic components for use in flight systems 2003 - Manufacture of control and safety red drive mechanism and diverse safety rod drive mechanism for IGCAR 2008 - Manufacture of grid plates for a 500 mega-watt prototype fast breeder reactor 2012 - Manufacture of power units for Bloom Energy 2018 - Commencement of defence exports by of our Company
1971
-The Inception by Establishing MTAR Unit 1 for BHEL Orders.
1972
-First Order from HMT was received to MTAR.
1975
-Started Montage (MTAR Unit 4) for Rough Machining Operations.
1978
-Established Heat Treatment & Surface Treatment Plant (MTAR Unit 5).
1980
-Established MTAR Unit 3 for additional capacity for component manufacturing.
1983
-Started supplying components to ISRO.
1985
-Started Manufacturing Ball Screws.
1986
-MTAR enters Defence Manufacturing by making DRDO their Customer.
1988
-HAL, GTRE, ADA also became MTAR customers and Defence sector grew.
1989
-Supplied the First Vikas Engine.
1990
-Incorporation of our Company upon its conversion from a partnership firm to a private limited.
1999
-Manufacture of base shroud and Fin assembly and pneumatic components for use in Agni Programs.
2002
-MTAR Unit 2 was established for additional capacity for Defence & Space.
2008
-Manufacture of grid plates for a 500 mega-watt Reactor.
2010
-Export Oriented Unit 100% EOU (MTAR Unit 7) was established.
2011
-Commencement of the manufacture of power units for Bloom Energy.
2018
-Commencement of defence exports by of our Company.
2020
-Commencement of developmental activity for roller screws that shall be an import substitute.
2021
-MTAR Technologies receives accolade for Indigenous Ball Screws.
-MTAR wins prestigious SIDM Champion Award.
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