MTAP Technologies plans SME IPO listing

Bengaluru: MTAP Technologies Pvt. Ltd., a provider of cloud-native SaaS solutions for transportation management and fleet automation, announced its intention to launch an SME Initial Public Offering (IPO) on the BSE SME and NSE EMERGE platforms.

This capital raise is designed to fuel innovation, enhance market reach, and accelerate customer growth across key segments.

Srinivas Chitturi, CEO, MTAP Technologies, said: “MTAP’s IPO is a significant milestone in our mission to make transportation management smarter, safer, and more automated through advanced AI and intelligent automation.

With strong adoption across key verticals, AI-powered platforms, and a rapidly growing SaaS revenue base, we are well-positioned to accelerate our next phase of innovation-led growth.”

This IPO offers investors the opportunity to participate in the growth story of a proven technology innovator that is central to the digitisation of fleet and mobility operations in an increasingly connected world.

With a decade of innovation behind it and a clear roadmap ahead, MTAP Technologies is poised to redefine the future of transportation management on a global stage.

Srinivas added: “This capital raise will strengthen our investment in next-generation AI capabilities, intelligent agents, prescriptive analytics, and continuous product enhancements across our platforms.

It will also help us deepen enterprise relationships, expand into new global markets, and continue building scalable, AI-driven mobility technology solutions for the future."

Founded in 2015, MTAP has leveraged GPS, cloud, and IoT technologies to help organisations digitise transport operations, enabling safer, more efficient, and data-driven journeys for enterprises, schools, and fleet operators.

Today, the company supports more than 200 enterprise customers, tens of thousands of vehicles, and hundreds of thousands of users across India and international markets.