Tata Technologies Limited IPO

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Tata Technologies is a company that has a history of more than three decades in the engineering and IT services industry.

i. The company was envisioned by the then-Tata Group chairman, Mr. Ratan Naval Tata, who saw an opportunity in the evolving product engineering and manufacturing IT space.

ii. Tata Technologies was founded in 1989 as Tata Engineering Services, a division of Tata Motors, to provide engineering and design services to the automotive industry.

iii. In 1994, the company became an independent entity and changed its name to Tata Technologies.

iv. In 2005, the company acquired INCAT International, a UK-and US-based automotive and aerospace computer engineering company, to expand its global presence and capabilities.

v. In 2017, the company received a strategic investment of $360 million from Warburg Pincus, a private equity firm, to support its growth plans and digital transformation initiatives.

vi. In 2020, the company launched its new brand identity and manifesto, with the vision of engineering a better world for everyone.

vii. Today, the company provides services in engineering and design, product lifecycle management, manufacturing, product development, and IT service management to automotive and aerospace original equipment manufacturers and their suppliers. It is a subsidiary of Tata Motors and has headquarters in Pune, India. The company operates in 25 countries and has a global workforce of more than 11,000 employees.

Tata Technologies is a company that provides various services to the automotive and aerospace industries, such as:

i. Engineering and design: Tata Technologies helps its customers develop innovative and competitive products that meet the market needs and customer expectations. The company offers services such as concept design, product engineering, simulation and testing, validation and verification, etc.

ii. Product lifecycle management: Tata Technologies helps its customers manage the entire lifecycle of their products, from ideation to retirement. The company offers services such as PLM software sales, implementation, integration, customization, training and support, etc.

iii. Manufacturing: Tata Technologies helps its customers optimize their manufacturing processes and operations, by leveraging digital technologies and best practices. The company offers services such as digital manufacturing, manufacturing engineering, plant automation, industrial IoT, etc.

iv. Product development: Tata Technologies helps its customers accelerate their product development cycles and reduce costs, by providing end-to-end solutions that cover all aspects of product development. The company offers services such as project management, system engineering, software development, hardware development, etc.

v. IT service management: Tata Technologies helps its customers improve their IT performance and efficiency, by providing IT solutions and services that align with their business goals and strategies. The company offers services such as IT consulting, IT infrastructure management, IT application management, IT security management, etc.

Competitive Strengths

i. Deep expertise in the automotive industry
ii. Differentiated capabilities in new age automotive trends – electric vehicles (“EVs”), connected and autonomous
iii. Strong digital capabilities bolstered by proprietary accelerators

Objects of the Tata Technologies Limited IPO:

The objects of the Offer are: i. Achieve the benefits of listing the Equity Shares on the Stock Exchanges; ii. Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.

Tata Technologies Limited IPO Details:

Total Shares: 95,708,984

Promoters And Management:

i. Ajoyendra Mukherjee is the Chairman and Independent Director of the Company. He holds a bachelor’s degree in engineering (electrical and electronics) from the Birla Institute of Technology and Science. He was previously associated with Tata Consultancy Services Limited for almost four decades, where he held positions such as the head of business operations in Eastern India, Middle East and Africa, Switzerland, global head of CSR function, global head of energy and utilities practice and executive vice president and global head of human resources ii. Warren Kevin Harris is the Chief Executive Officer and Managing Director of the Company. He holds a bachelor’s degree in engineering (technology) from the University of Wales Institute of Science and Technology, the University of Wales. He holds a doctorate in philosophy (honoris causa) from Amity University, Uttar Pradesh. He has completed the advanced management programme from Harvard Business School. He is a chartered mechanical engineer registered with and a member of the Institution of Mechanical Engineers. He was also awarded with the Malcolm Baldridge National Quality Award for outstanding services to the nation as part as a member of the Board of Overseers of the Malcolm Baldrige National Quality Award for the period from 2013-2016. iii. Usha Sangwan is an Independent Director of the Company. She holds a bachelor’s degree in arts and a master’s degree in arts (economics) from Panjab University and a post-graduate diploma in human resource management from Indira Gandhi National Open University. has successfully completed a licentiate examination (life branch) from Federation of Insurance Institutes. She is a member of the Financial Services Institutions Bureau, Diversity and Inclusion Committee of the Bombay Chamber of Commerce and Industry and a charter member of Equalifi. Prior to joining the Company, she was associated with the Life Insurance Corporation of India as the managing director.

Financials of Tata Technologies Limited IPO:

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Comparison With Peers:

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Registrar of Tata Technologies Limited IPO:

  1. Link Intime India Private Limited

Company Address:

Tata Technologies Limited Plot No. 25, Rajiv Gandhi Infotech Park Hinjawadi, Pune 411 057 Phone: +91 20 6652 9090 Email: ipo@tatatechnologies.com Websitehttp://www.tatatechnologies.com/

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