When was MTC Group founded?

MTC Group was founded in 1974 and raised its 1st funding round 50 years after it was founded.

Where is MTC Group located?

MTC Group is headquartered in Mumbai, India. It is registered at GAT NO. 291-295 & 298, NEXT TO AUTOLINE INDUSTRIES NANEKARWADI, CHAKAN, TALUKA KHED, Pune, Pune, Maharashtra, India, 410501.

How many employees does MTC Group have?

As of Aug 31, 2026, the latest employee count at MTC Group is 685.

Is MTC Group a funded company?

MTC Group is a funded company, having raised a total of $***** in its 1st and only funding round, a Unattributed round on Jun 17, 2024.

When was the latest funding round of MTC Group?

MTC Group's latest funding was a $***** Unattributed round on Jun 17, 2024, with participation from 1 investor. Its primary sector is Metals and Alloys. In India, the Metals and Alloys sector has seen $21.4M in funding in 2026 to date.

What is the annual revenue of MTC Group?

Annual revenue of MTC Group is more than ₹1,000 Cr as on Mar 31, 2025

Where does MTC Group rank among its competitors?

MTC Group ranks 18th amongst 759 active competitors, of which 12 are funded. It stands 11th in terms of total funding among its competitors. The most recent competitor to raise funding was Befesa, which secured an undisclosed amount in Mar, 2025.

Who are the top competitors of MTC Group?

MTC Group's top competitors include Century Metal Recycling, Heraeus and Gravita India. Among them, Befesa secured the most recent funding round in March, 2025.

MTC Group - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Trader and manufacturer of metal and other products. It provides operations in the scrap for ferroalloys, base metals, minor metals, iron ore, steel flat and long products and automobiles. It also helps in manufacturing steel and aluminium alloy ingots, billets and TMT bars. It offers solutions for electrical industry, defence, exports, automotive and conductors manufacturer.

Website: www.mtcgroup.in
Social
Email ID: *****@mtcgroup.in
Phone Number: +91 **********
Registered Address: GAT NO. 291-295 & 298, NEXT TO AUTOLINE INDUSTRIES NANEKARWADI, CHAKAN, TALUKA KHED, Pune, Pune, Maharashtra, India, 410501

Key Metrics

Founded Year

1974

Location

Mumbai, India

Stage

Funding Raised

Latest Funding Round

Unattributed, Jun 17, 2024, $*****

Investors

Mitsui

Ranked

18^th among 759 active competitors

Annual Revenue

₹1,000+ Cr as on Mar 31, 2025

Employee Count

685 as on Aug 31, 2026

Investment & Acquisitions

Wondrlab & 11 more

Similar Companies

Century Metal Recycling & 796 more

View MTC Group's full profile

MTC Group is associated with 3 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count
MTC RECYCLING PRIVATE LIMITED CIN: U37100KA2018PTC118417 , India, Active	Nov 12, 2018	0 - ₹10 Cr (As on Mar 31, 2025)	22 (As on Jul 01, 2022)
MADHUBAN TRADE-STEELS PRIVATE LIMITED CIN: U99999PN1997PTC109372 , India, Active	Jul 11, 1997	₹1,000+ Cr (As on Mar 31, 2025)	-
MTC BUSINESS PRIVATE LIMITED CIN: U51420MH2000PTC130172 , India, Active	Dec 21, 2000	₹1,000+ Cr (As on Mar 31, 2025)	806 (As on Aug 01, 2025)

MTC Group has raised funding over 1 round. Its latest funding round was a Unattributed round on Jun 17, 2024 for $*****. 1 investor participated in its latest round. MTC Group has 1 institutional investor.

Here is the list of recent funding rounds of MTC Group:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 17, 2024	8868952	Unattributed	1983489	9009989	8008581	4083147

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The founders of MTC Group is Jonathan Thompson.

Here are the details of MTC Group's key team members:

Jonathan Thompson: Co-Founder of MTC Group.
Contact Info: 1 email address

MTC Group's Board of Directors

MTC Group's board has 11 active members. Manoj Maganlal Mehta, Kenji Goto, Masato Goto, Sanjay Maganlal Mehta, Narendra Maganlal Mehta and Sunil Vijay Dave are part of team and Yash Narendra Mehta, Ayush Narendra Mehta, Sachin Bherumal Rathod, Anil Bastimal Jain and Lalit Inderchand Baliya are independent board members.

Here is the list of MTC Group's board of directors:

Name	Type	Representing	Status	Duration
Manoj Maganlal Mehta	Team	-	Current	1y 9m
mlzgzdk	Team	-	Current	5y 9m
ckhfgvl	Team	-	Current	8y 2m
mrgy{wo	Team	-	Current	3y 5m
Kenji Goto	Investor	-	Current	1y 9m
Masato Goto	Investor	-	Current	1y 9m
Yash Narendra Mehta	Independent board member	-	Current	4y 10m
hjxskxn	Independent board member	-	Current	8y 2m
{y{ykbs	Independent board member	-	Current	9y 6m
vsxwsxo	Independent board member	-	Current	7y 1m
qkziwbp	Independent board member	-	Current	2y 1m

View details of MTC Group's Founder profiles and Board Members

MTC Group's employee count trend

MTC Group has 685 employees as of Aug 26. Here is MTC Group's employee count trend over the years:

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Top competitors of MTC Group include Century Metal Recycling, Heraeus and Gravita India. Here is the list of Top 10 competitors of MTC Group, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Century Metal Recycling 2005, Faridabad (India), Public	Manufacturer of aluminium and zinc alloys through metal scrap recycling	$24.5M	IFCI Venture Capital Funds, AIF Capital & 51 others	68/100
2nd	Heraeus 1851, Hanau (Germany), Acquired	Manufacturer of materials and technologies for various industrial applications	-	Hull Street Capital, Europa	61/100
3rd	Gravita India 1992, Jaipur (India), Public	Recycler and manufacturer of lead, aluminium, and plastic products	-	Goldman Sachs, Nomura & 4 others	59/100
4th	Umicore 1805, Brussels (Belgium), Public	Manufacturer of platinum, rhodium, and palladium-based materials	-	GBL, CNP & 2 others	57/100
5th	Jain Metal Group 1950, Chennai (India), Public	Provider of recycling and production services for non-ferrous metals, including copper, lead, and aluminum	$15.5M	Suryavanshi Commotrade, Mc Jain Infoservices ... & 5 others	57/100
6th	Befesa 1993, Seville (Spain), Public	Recycling of industrial residues	-	EIP, Corporacion Financiera Alba & 5 others	55/100
7th	Rubamin 1981, Vadodara (India), Late Stage	Provider of metal recycling solutions for industrial waste	$17.6M	ICICI Venture, Hetav Holdings & 32 others	53/100
8th	Youngpoong 1949, Seoul (South Korea), Public	Manufacturer of refined zinc and related products	-	-	52/100
9th	SA Recycling 2007, Orange (United States), Unfunded	Provider of metal scrap recycling services	-	-	52/100
10th	Scholz Recycling 1872, Essingen (Germany), Acquired	Provider of scrap metal recycling services	-	Scholz Holding GmbH, Europa	51/100
18th	MTC Group 1974, Mumbai (India), Funding Raised	Trader and manufacturer of metals and other products	-	Mitsui	43/100

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MTC Group has not made any acquisitions yet. MTC Group has made 12 investments.

Here is the list of latest three $investments:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Jun 23, 2025	Investments	Wondrlab	2020	Mumbai (India)
Nov 09, 2023	Investments	HomeCapital	2017	Mumbai (India)
Jul 27, 2023	Investments	VehicleCare	2019	Gurugram (India)