India, Apr 23: MMCM announced that it has been awarded ISO 27001 certification for its Information Security Management System (ISMS), reinforcing its commitment to global best practices in safeguarding sensitive data across its circular market ecosystem.
Aligned with ISO 27001 standards and detailed in its Statement of Applicability, the certification covers MMCM’s core operations including digital asset trading infrastructure, price discovery mechanisms, participant registration, customer support, and clearing and settlement processes for Authorized Vehicle Scrapping Certificates of Deposits (CoDs). These functions are supported by its IT, business development, finance, HR, and legal teams.
ISO 27001 is widely regarded as the gold standard for information security management. This certification validates that MMCM has implemented a robust, independently audited framework to systematically identify, assess, and mitigate information security risks, ensuring the privacy, integrity, and availability of data across its platform.
Speaking on the achievement, Nitin Chitkara, CEO at MMCM said, “As India’s end-of-life vehicle ecosystem evolves, the need for a secure digital infrastructure becomes critical. At the core of all MMCM’s products and services are its efforts to ensure trust, transparency and security at scale. Our ISO 27001 certification signals readiness of our systems and processes to support this transformation with globally benchmarked safeguards.”
Operating at the intersection of circular economy and digital asset trading, MMCM plays a critical role in enabling the secure exchange of vehicle scrapping Certificates of Deposits (CoDs). With increasing regulatory oversight through India’s ELV scrappage policy and the Extended Producer Responsibility (EPR) framework, the certification positions MMCM as a compliant and future-ready platform for OEMs, recyclers, producers, and several other stakeholders.
Beyond compliance, the certification enhances stakeholder confidence by demonstrating MMCM’s ability to reduce cybersecurity risks and ensure operational resilience in a data-sensitive environment. Industry studies indicate that ISO-certified organizations can reduce the cost of data breaches significantly compared to non-certified peers.
With this milestone, MMCM further strengthens its competitive positioning- enabling faster on-boarding of institutional partners, streamlining due diligence processes, and reinforcing its leadership in secure, transparent, and sustainable automotive marketplace solutions.
