Tata Technologies Ltd

Tata Technologies Limited, a Tata Motors subsidiary company, is an industrial product engineering services company. The company was founded in 1989 as a business unit of Tata Motors. In 1994, the business unit was spun off as a standalone business and headquartered in Singapore. The company reported consolidated revenues of ₹2,426 crores during FY 2020-21. The company hires 7,900 employees worldwide across its 17 global delivery centers. Business Model Tata Technologies Limited provides outsourced product design, engineering, research and development services to OEM companies in automotive, aerospace and industrial machinery sector. Geographically, the company is focused on the OEM companies in North America, Europe and Asia Pacific. During FY 2020-21, the company derived 37% of its revenue from Asia-Pacific, 31% from Europe and 32% from North America. Business Segments The company offers its services through two lines of business: Engineering, Research & Development Services (ER&D). Digital Enterprise Solutions (DES), including Connected Enterprise IT (CEIT) and Product Life Cycle Management (PLM) services and products. Registered Office The registered office of the company is located at Plot No. 25 Rajiv Gandhi Infotech Park, Hinjawadi, Pune. Key Managerial Personnel Warren Harris, CEO & Managing Director Savitha Balachandran, Chief Financial Officer Sonal Ramrakhiani, COO – Americas Anand Bhade, President Sales – Asia-Pacific Prahalada Rao, President & Client Partner, TML SBU Aloke Palsikar, Executive Vice President & Head of Growth Industries Symbol Tata Technologies Ltd. Face Value (₹): 10 ISIN: INE142M01017 Demat Status: NSDL & CDSL Both Board of Directors Name Designation Profile Mr. Warren Kevin Harris Chief Executive Officer Mr. Pathamadai Balachandran Balaji Director Ms. Nivruti Rai Additional Director Mr. Ajoyendra Mukherjee Director Mr. Ramadorai Subramanian Director Mr. Guenter Karl Butschek Director Key Business Highlights Tata Technologies is Expected to Benefit from the Increasing Investment Budgets of OEMs in R&D, Automation and Digital & Cloud Technologies. The Size of Global Engineering R&D Market is Expected to Grow at 11% CAGR to Reach $1.9 Trillion by 2023. Diversified & Sticky Clients, Company to Benefit Substantially Due to Rapid Adoption of Electric Vehicles, Leading Player in Asia Pacific-Fast Growing Automotive Market. Debt Free Company, High Return on Equity (3-Year Avg.: 17%), Shares Available at Cheaper Valuation. Financial Highlights Particulars 2020-21 2019-20 2018-19 2017-18 Total Income (₹ Crores) 2,425 2,896 2,984 2,777 PAT (₹ Crores) 239 251 352 245 Diluted EPS (₹) 57.21 59.77 83.76 58.37 Book Value per Share (₹) 2,142 1,852 1,757 1,550 Equity (₹ Crores) 41.81 41.81 42.1 42.1 Media Updates “Tata Technologies share price and revenue rebounds from pandemic lows, eyes about $500 millions revenue this fiscal” Tata Technologies, 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. Read more: https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/tata-technologies-rebounds-from-pandemic-lows-eyes-about-500-mn-revenue-this-fiscal/articleshow/87828972.cms?from=mdr www.greymarketshare.com