Marushika Technology Ltd. Company History and Annual Growth Details

Our Company was originally incorporated on July 03, 2010 as a Private Limited Company in the name of “Marushika Traders and Advisors Private Limited” vide Registration No. 205156 under the provisions of the Companies Act, 1956 with the Registrar of Companies, Delhi. Subsequently, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on February 23, 2016, name of our company was changed from “Marushika Traders and Advisors Private Limited” to “Marushika Technology Advisors Private Limited” and a Fresh Certificate of Incorporation was issued on March 22, 2016 by the Registrar of Companies, Delhi. Further, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on July 16, 2024, our Company was converted from a Private Limited Company to Public Limited Company and consequently, the name of our Company was changed to “Marushika Technology Advisors Limited” and a Fresh Certificate of Incorporation consequent to Conversion was issued on August 29, 2024 by the Registrar of Companies, Central Processing Center. Further, pursuant to a special resolution passed by the Shareholders at their Extra Ordinary General Meeting held on December 17, 2024 and consequently, the name of our company was changed to “Marushika Technology Advisors Limited” to “Marushika Technology Limited”. As on the date of this Draft Red Herring Prospectus, The Corporate Identification Number of our Company is U62099DL2010PLC205156.

KEY EVENTS AND MILESTONES:

2016

• Our company secured the full-fledged SI work of CCTV Surveillance System for Indian Railway from Central PSU and Enter into the Smart Solution.

• We secured the first purchase order (PO) from a major and reputed MSI like Mahindra Defence.

2017

• We developed and delivered 1st Edge Mini Data Center case with Rittal for NIELIT (Min of Electronic and IT).

2018

• Our Company secured data enter (DC) Infra Comprehensive Annual Maintenance Contract (CAMC) Work for Airforce with Rittal and delivered 1st case of Barco video wall for Ministry of Home Affairs (MHA).

• We delivered 1st project for Smart Parking with IRAM Technologies Private Limited for Ahmedabad Smart Parking

• We received our 1st order from Bharat Electricals Limited (BEL) for National Technical Research Organisation (NTRO) Networking Work.

2019

• We provide Delhi CCTV, New Delhi Municipal Council (NDMC) Smart City, fully developed & delivered Smart City Cases awarded to BEL by Ministry of Urban Development (MoUD).

2020

• Our turnover stood at INR 50 Cr.

• We received our 1st direct order from BEL for BARCO Video Wall for their incampus excellence center.

2021

• We received the work for Data Center and Passive IT Infrastructure for Air Force Network (AFNET), the largest project for MATA, executed throughout the lockdown period.

• We received Data Center Infrastructure to be built at RCB Faridabad.

2022

• Started working on Transport Segment especially in Metros and received direct Order from DMRC for Commend PAS System

• We received direct order from Delhi Metro Rail Corporation (DMRC) for Telephony System for Noida Metro Section with Core IP Technology Partner and Commend Public Address System (PAS) System.

2023

• We have successfully established MATA Singapore subsidiary for International Presence.

• Received the POs for biggest direct Govt work from BEL for DMRC.

• IIT Roorkee Multimedia Case, fully developed and delivered. Also secured and delivered another Projector work for Class rooms.

•  We received direct order from Railtel for establishment of DC Infra at 3 Southern Western Railways (SWR) Railway sites.

2024

• We received direct order from BHEL for UP Dial 112 Barco Video Wall and UP Dial 112 Prama CCTV.

• We secured the order through open bidding of INR 2.96 Cr for deployment of Hydraullic Systems in battlefield & mission critical vehicles.

• We have achieved Turnover of INR 50 Cr (approx) till Quarter -2.

• Diversified into Defense Vertical (Infantry Segment)