Mtar Technologies Limited

Bajaj Finserv Mutual Fund, which previously held 1.7 percent of Mtar Technologies Limited, has dropped from the company's latest disclosed shareholder list, indicating either a complete exit or a reduction of its stake below the 1 percent reporting requirement.

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.

AMC subsidiary of Bajaj Finserv, India's leading non-banking financial services conglomerate. Launched in 2023 with an aggressive passive-first strategy, offering index funds and ETFs at competitive expense ratios to challenge incumbents in the rapidly growing passive segment. One of the fastest-growing new entrants in the AMC space with strong distribution from Bajaj Finserv's vast financial services network.