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These entrepreneurs prove failures or small beginnings can't stop you from building multi-crore businesses

These entrepreneurs prove failures or small beginnings can't stop you from building multi-crore businesses
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.

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MTAR Tech: How 2 engineers built a Rs 213-Cr revenue firm that manufactures for defence, space, and nuclear se

Precision engineering company
P Ravindra Reddy and the late
K Satyanarayana Reddy.
Its first project was the manufacture of coolant channel assemblies for nuclear reactor cores, as sought by the Department of Atomic Energy at that time.
The department had first approached state-owned
HMT Ltd (then Hindustan Machine Tools Limited) for the project, but it declined, saying there was too much complexity involved.
So the Reddy friends took up the challenge. With four machines at a small workshop in
Hyderabad, they started MTAR. A year later, Ravindra’s brother,
PJ Reddy, joined the company to handle its finances.
Since successfully executing the first project, MTAR has extended its vision to indigenise manufacturing for nuclear, defence, and space sectors. ....

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Indian MSMEs rush to list on the bourses

Indian companies rush to list on the bourses
Besides MTAR, a bunch of other Indian firms are also waiting to launch their initial public offerings.
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2021 is expected to be a blockbuster year for IPOs in India as homegrown startups, as well as small and medium businesses, look to give its investors valuable ‘exits’.
Cumulatively, IPOs raised around Rs 30,000 crore in capital in 2020, more than double of the Rs 12,362 crore it had raised in 2019. Experts reckon this year is going to be as big or even bigger.
The latest to head the IPO way is Hyderabad-based engineering company MTAR Technologies, which listed on the bourses on Monday at an 85.03 percent premium of its issue price of Rs 575. ....

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