What we do MSTC Limited is a Mini Ratna CPSE under Ministry of Steel, India, specializing in e-commerce and trading of scrap, minerals, surplus stores, and bulk industrial raw materials. |
Founded in 1,964 |
Market share Government-owned with 64.75% stake; leading provider of e-auction and trading services to government and private sectors. |
Problem solved Provides transparent, secure e-auction and procurement solutions for disposal of scrap, minerals, and industrial materials, enhancing efficiency and compliance. |
Top clients or who we serve Coal, Steel, Oil industries, State-owned companies, Central and State Govt departments, and private sector entities (B2B). |
Key management Shri Manobendra Ghoshal (Chairman & MD), Smt. Bhanu Kumar (Director Commercial), Shri Subrata Sarkar (Director Finance & CFO) |
Our journey and innovations Founded in 1964; diversified post-1992 from scrap import canalizing to multi-product e-commerce and trading. Pioneer in e-auctions for coal, minerals, and ELVs. Entered vehicle recycling JV with Mahindra. |
Where we operate Pan-India with offices nationwide; also serves global clients through e-commerce platform. |
Top products or what we offer E-auction/e-procurement platform for scrap, minerals, industrial raw materials, ELV auction portal, and automotive recycling services via JV. |
Top brands MSTC e-Commerce (ISO 9001:2015 certified), Mahindra MSTC Recycling Pvt. Ltd. (JV for vehicle scrapping). |
Raw materials needed Not applicable; operates as a service provider and trading intermediary. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from continuous e-auction and trading services with some cyclical variations dependent on government contracts and commodity auctions. |
Our industry position Leading government enterprise in e-auction and e-procurement services with strong government backing and extensive client base. |
Financial highlights FY 2024-25: Revenue INR 387.5 cr, PAT INR 402.98 cr, EBITDA 241 cr approx. 9M 2025-26 revenue INR 302.67 cr with steady growth. |
Geographical revenue split Primarily India based revenue; no detailed geography split available. |
Order book - |
Whats driving growth Government digitalization drive, increasing e-auctions of minerals, coal, ELVs, and entry into new sectors like extended producer responsibility trading exchange and travel portals. |
Our future plans Launching centralized travel booking platform, facilitating new mineral and coal block auctions, expanding vehicle scrapping facilities. |
Our green promise Committed to sustainable practices via vehicle scrapping JV and supporting responsible disposal and recycling activities. |
Our people and values About 299 employees; focus on training, diversity including SC/ST/OBC/PH reservations, and women empowerment; strong governance culture. |
Key challenges ahead Ensuring compliance with governance norms, timely appointment of independent directors, and adapting to evolving government regulations. |
Interesting facts Developed India’s first exchange for Extended Producer Responsibility certificate trading; ISO 27001:2022 certified IT infrastructure; pioneer in multiple e-auction verticals. |
Risks and strategy Relies on government contracts and policies; mitigates risks by diversifying services, enhancing IT security, and expanding joint ventures. |
