Tata Technologies Limited IPO
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
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Total Shares: | 95,708,984 |
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