About Company

• Tata Technologies Limited (“Tata Technologies”) was incorporated on August 22, 1994. Promoted by Tata Motors Ltd (“TML”), Tata Technologies is a leading global engineering services company offering product development and digital solutions including turnkey solutions to global OEMs and their Tier-1 suppliers. The company has deep domain expertise in the automotive industry and leverage this expertise to serve their clients in adjacent industries, such as in aerospace and transportation and construction heavy machinery (“TCHM”).

• Tata Technologies is a pure-play manufacturing focused Engineering Research & Development (“ER&D”) company, primarily focused on the automotive industry and they are currently engaged with 7 out of the Top-10 automotive ER&D spenders and 5 out of the 10 prominent new energy ER&D spenders in 2022.

• They leverage their deep manufacturing domain knowledge to deliver value-added services to their clients in support of their digital transformation initiatives including product development, manufacturing, and customer experience management.

• Company’s primary business line is services (“Services”), which includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them conceive, design, develop and deliver better products.

• Tata Technologies complements their service offerings with their Products and Education businesses (collectively, “Technology Solutions”). Through their Products business they resell third-party software applications, primarily product lifecycle management (“PLM”) software and solutions and provide value added services such as consulting, implementation, systems integration and support.

• Tata Technologies has a diversified global client base and as of September 30, 2023, they have 19 global delivery centres spread across North America, Europe and Asia Pacific.

• They have established strong partnerships and alliances, such as with Dassault, Logility, Siemens Industry Software Inc., Codincity and Fantasy and by availing Microsoft AZURE products/services that augment their efforts and enable them to expand their client reach across verticals and geographies. They have also recently been empanelled by Airbus which is expected to become a strong avenue of growth.

Strengths

• Deep expertise in the automotive industry;
• Differentiated capabilities in new age automotive trends – electric vehicles (“EVs”), connected and autonomous;
• Strong digital capabilities bolstered by proprietary accelerators;
• Marquee set of clients across anchor accounts, traditional OEMs and new energy vehicle companies; 
• Global delivery model enabling intimate client engagement and scalability; 
• Proprietary e-learning platform leveraging the manufacturing domain knowledge to tap into the large upskilling and reskilling market; 
• Well-recognized brand with experienced Promoter, board of directors and management team. 

Company Promoters

Company Financials

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Objects of the Issue

1. Achieve the benefits of listing the Equity Shares on the Stock Exchanges;
2. Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.