MSTC Limited, incorporated in 1964 and headquartered in Kolkata, is a public sector undertaking engaged in bulk raw material trading and providing e-commerce services mainly to government and government-controlled entities; initially set up as a canalizing agency for ferrous scrap imports and exports, the company diversified after de-canalization and became a major player in e-commerce auctions and material trading, later entering the recycling segment in FY2017 through a 50:50 joint venture called Mahindra MSTC Recycling Pvt. Ltd., which focuses on auto shredding and recycling of end-of-life vehicles and white goods, while today MSTC operates across three core verticals—e-commerce, bulk material trading, and recycling—has conducted over 1.9 lakh e-auctions for more than 1.1 lakh users, runs platforms like E-RaKAM for agricultural trading, maintains a wide pan-India office network, and reported total revenue of ₹27,931.50 million with an EBITDA of ₹1,131.99 million in FY2018.