Tata Technologies is a global leader in engineering services outsourcing and product development IT services to the global manufacturing industry; enabling ambitious manufacturing companies to design and build better products. A company of innovators, specialists in the design engineering space, who apply cutting-edge technology to provide a competitive advantage to customers in the manufacturing sector.
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|NATURE OF BUSINESS||Automobile Engineering – IT Services & Consulting|
|FACE VALUE||Rs 10/-|
|Current Unlisted Share Price:||Best price in industry Per Equity Share|
Financials of Tata Technologies Limited Unlisted Shares:
Tata Technologies, which started as a design company in 1994 for Tata Motors’ automotive business, now earns one-third of its revenue from North America, Europe and the Asia-Pacific region. Nearly 65 per cent of its business comes from the automotive sector, 12 per cent from aerospace and the rest from industrial machinery and other businesses.
The company is a strategic partner for developing complete vehicles, engineering subsystems and components, managing the New Product Introduction (NPI) process through collaborative engineering tools, such as Product Lifecycle Management (PLM) and tying together information created and used throughout the extended manufacturing enterprise.
Tata Technologies is a global organisation headquartered in Singapore, with regional headquarters in the United States (Novi, Michigan), India (Pune) and the UK (Warwick) with a combined global work force of more than 8,500 employees serving clients worldwide from facilities in North America, Europe and the Asia-Pacific region.
myTime is an in-house app that is used by employees of Tata Technologies. Employees can access this portal or apps by using their standard windows network login & password.
Tata Technologies Ltd is a part of the most reputed and biggest business house the Tata group. Tata Motors holds 70.43% stake in Tata Technologies, while Alpha TC, a wholly-owned subsidiary of the partnership sponsored by Mizuho Securities and other international investors, owns 8.71% in the company.
Tata Motors holds 70.43% stake in Tata Technologies, while Alpha TC, a wholly-owned subsidiary of the partnership sponsored by Mizuho Securities and other international investors, owns 8.71% in the company.
Other investors in the company include Tata Capital, Barclays Wealth Corporate Services, Sheba Properties, Tata Entertainment Overseas and Walbrook Nominees, which own between 1% and 5% each.
The Tata group comprises close to 100 companies, of which about 30 are listed. TCS, India’s biggest software exporter, which raised Rs 5,400 crore though an IPO in 2004, is the most valuable Indian company.
The Tata Group has revived plans to list Tata Technologies, an engineering solutions and IT product developing arm of Tata Motors, on the local bourses. The company is planning to raise Rs 1,400 crore through an initial public offering (IPO). The proposed share sale will be the first IPO from the Tata Group in 12 years after TCS in July 2004.
Latest News and Developments
AjnaLens and Tata Technologies create ‘Metaverse’ for Industrial Training, Virtually Teleport Trainees to job sites – 22 March 2022
Extended Reality (XR) startup AjnaLens, which recently secured ₹12 crore Pre-Series A funding, has tied up with Tata Technologies to digitise 150 Industrial Training Institutes (ITIs) in Karnataka. As per the agreement, all these ITIs will be equipped with AjnaXR stations, the Virtual Reality (VR) training simulator. The Mumbai-based XR hardware and software firm said that this initiative will provide ‘immersive skill training’ to drive ‘performance’ and ‘reduce training cost’.
Maharashtra’s MAGIC partners with Tata Technologies to nurture, boost startups – 29 December 2021
Marathwada Accelerator for Growth and Incubator Council (MAGIC) – a Maharashtra government-backed body for supporting entrepreneurial ideas – has collaborated with the CSR project of Tata Tech to create a conducive startup ecosystem for entrepreneurs.
- Bihar cabinet approves modernisation of 149 ITIs, partners with Tata Technologies – 29 December 2021
The Bihar cabinet has approved a project worth over Rs 4,606 crore in collaboration with Tata Technologies on December 28, in order to modernise and upgrade 149 State-owned Industrial Training Institutes to Centres of Excellence.
Tata Technologies ready for inorganic growth to scale up operations – 27 August 2021
Tata Technologies, an engineering services and product development IT services company, expects strong growth in the next 3-5 years as its new Bengaluru facility scales up operations, its chief executive said. Electric vehicles have taken centre stage for Tata Technologies since most of its clients – Indian brands and global – are working in that sphere.
“The board and shareholders are always looking at opportunities to accelerate the progress of the company. I cannot comment if there is any discussion on the IPO within the board. We have an extremely strong balance sheet. We have no debt; we have over $150 million on our balance sheet. We have the ability to invest where it is required,” Harris said.
Aerospace major Airbus selects Tata Technologies as strategic supplier
Global engineering and product development digital services firm TTL said it has been selected by European aerospace major Airbus as a strategic supplier. The company will become an engineering, manufacturing engineering and services strategic supplier (EMES3).
Tata Technologies Managing Director and CEO Warren Harris said, “We are pleased to have been selected by Airbus as an engineering, manufacturing engineering and services strategic supplier (EMES3) and we look forward to collaborating with them across multiple areas and geographies through the master supply agreement (MSA).”
- Tata Technologies expects to clock nearly $500 mn revenue this fiscal
Tata Tech India, a global engineering and product development digital services firm, expects to clock close to half a billion dollars in revenue this fiscal, riding on accelerated growth from electric mobility across the globe and offshoring of projects by its customers in the aftermath of COVID-19, according to a top company official.
Elaborating on the company’s strength in the electric vehicle (EV) space, Tata Technologies CEO and Managing Director Warren Harris said, “We have the great privilege, from a market position, to work with some of the most progressive automotive companies in the world — not just the startups, not just the new energy vehicle companies but a lot of traditional OEMs that are investing very heavily to catch up with the likes of Tesla.”