His Excellence Maumoon Abdul Qayoom recognized the need for people to save and invest, in the absence of a public company for 13 years, and MTCC was incorporated by a direct order from the President, on 18 December 1980.

MTCC's authorized and issued share capital is RF 12,500,000 of which 52.5% is held by Government of Maldives represented by Ministry of Finance & Treasury, 7.5% is held by Maldives Shipping Limited and 40% is held by general public of Maldives.

The principle activities include Trading, Contracting activities, Marine Transportation, Renting and Auctioning.

Company continues to diversify its business. In this regard the upgrading of regional airports of Maldives that MTCC undertook is a significant achievement. It is also notable that in 2002, the company further consolidated its position with a new drive in the field of construction. MTCC has successfully won the main sub-contract for the first phase of Hulhumale' Housing Development Project.

Since the incorporation of the company, it has experienced ups and downs, however, in 1993 the company embarked on a re-engineering program. The objectives of this program were, restructuring the entire company and increasing efficiency. Training of staff and planning for the long term with short and medium term goals were introduced. Decentralized decision making and improving skills of staff to make such decisions were introduced.

In the area of sea transportation, Yanmar marine engines were supplied for fishing boats. In further development and diversification of business in the field, MTCC has introduced Yanmar high-speed marine engines coupled with water-jet targeting the tourism sector.

One of the goals of the company is to focus on and contribute to achieving Vision 2020 of the Maldives. In this regard an emphasis will be placed on information technology and further improvements and modernization of the organization structure of the Company. MTCC being the first public company with more shareholders than any other business in the Maldives, it is imperative that the lead is maintained by MTCC as the role model of a successful public company in the Maldives.

Customer service and delivery of these services with courtesy and efficiency is our prime objective so that customer confidence can be achieved. Another objective is reasonable return to our share holders in the long run to be sustained.

Working to achieve our goals with delivery of services, monitoring and controls were introduced in the spirit of "Team MTCC".