Mtar Technologies Limited

Sundaram Mutual Fund increased its stake in MTAR Technologies from 1.21% to 2.91%, raising its shareholding from 371,668 to 896,430 shares.

A manufacturer of precision components and equipment serving India's defense, aerospace, nuclear, and clean energy sectors. Founded in 1970 to address the nation's technical and engineering needs, the company designs and produces specialized equipment for government and industrial clients. MTAR operates multiple manufacturing units across Hyderabad and maintains dedicated facilities for export markets, positioning itself as a key supplier to critical infrastructure sectors.

Chennai-based AMC founded in 1996 as a joint venture with BNP Paribas, now wholly owned by the Sundaram Finance Group. Manages over Rs 1 lakh crore. Strong brand in South India with equity funds that have delivered consistent long-term track records across market cycles. Sundaram Mid Cap Fund has been a flagship since the early 2000s.