September 28, 2016 2:53 PM ET

IT Services

Company Overview of Tata Technologies Limited

Company Overview

Tata Technologies Limited provides engineering and design services and product lifecycle management (PLM) products and services primarily to manufacturers and their suppliers in the automotive, aerospace, and engineering markets. Its range of services includes IT consultancy, SAP implementation and maintenance, trading, networking solutions, CAD/CAM engineering, and design consultancy. The company provides engineering and design services, including outsourced program management to transactional engineering support services, which comprise concept development, engineering detail and design, tool design and validation, and manufacturing production services for complete products or product subs...

Plot No. 25

Rajiv Gandhi Infotech Park

Hinjawadi

Pune,  411057

India

Founded in 1981

8,087 Employees

Phone:

91 20 6652 9090

Fax:

91 20 6652 9035

Key Executives for Tata Technologies Limited

Chief Executive Officer, Managing Director, Director, Member of Executive Committee and Member of Corporate Social Responsibilty Committee
Age: 53
Chief Financial Officer
Age: 44
Chief Executive Officer of Tata Hal Technologies Limited
Chief Operating Officer of Asia Pacific and President of Global Delivery
Age: 53
President of Sales - Europe and Chief Operating Officer of Europe
Compensation as of Fiscal Year 2016.

Tata Technologies Limited Key Developments

Tata Motors Might Divest Some Stake in Tata Technologies

Tata Motors Limited (BSE:500570) might divest part of its stake in its subsidiary Tata Technologies Limited. Cyrus Mistry, Chairman said "that while there were no plans for an initial public offering (IPO) of Tata Technologies, the automaker could look at divestment of its stake in the engineering solutions providing subsidiary."

Tata Technologies Seeks Acquisitions To Expand

Tata Technologies Limited is seeking acquisitions to expand its footprint over the coming four years. Warren Harris, Chief Operating Officer of Tata Technologies, said, “In the last six years our compound annual growth rate is 16%. We fully expect to be able to maintain that organically. Our trajectory over the next four years organically sees us going to $800 million, so we see about $200 million in revenue that will come in from acquisitions.”

Tata Technologies Has No Plans For IPO

Refuting all the possibilities to list Tata Technologies Limited on stock exchange, Warren Harris, Chief Executive Officer and Managing Director of Tata Technologies, said, "There are no firm plans for the organization to go for public. A lot more stuff coming in the press is just a speculation." There were media reports saying that the company is planning to raise INR 14 billion through an initial public offering (IPO). Harris added, "The board of directors and shareholders will continue to look at opportunities to drive shareholder value and provide capital for the organization in terms of our growth plans. We have a strong balance sheet and we finished the year with $130 million cash on our balance sheet. We don't need to access public market to raise additional capital. At this point of time, we will rather concentrate on employees and customers. The focus will be growing business to $1 billion. In future, we may consider that but not at this point of time."

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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