| Tata Technologies Limited | |
| Type: | Public Subsidiary |
| Key People: | Warren Harris [1] |
| Location: | Pune, Maharashtra, India |
| Revenue: | (FY24) |
| Operating Income: | (FY24) |
| Net Income: | (FY24)[2] |
| Num Employees: | 11,000 (2023) |
| Parent: | Tata Motors (53.39%)[3] |
Tata Technologies Limited is an Indian multinational technology company engaged in product engineering, that provides services to automotive and aerospace original equipment manufacturers as well as industrial machinery companies.[4] [5] It is a subsidiary of Tata Motors.[6]
Tata Technologies has its headquarters in Pune and regional headquarters in the United States (Detroit, Michigan). As of 2023, the company has a combined global workforce of more than 11,000 employees across its 18 delivery centres in India, North America, Europe and the Asia-Pacific region.[7] [8]
Tata Technologies was founded in 1989, as the automotive design unit of Tata Motors.[9] It was hived off as a separate company in 1994, with Tata Motors continuing to hold a majority stake and be its biggest client.[10]
Tata Technologies Inc acquired INCAT International, a UK-and US-based automotive and aerospace engineering company, in August 2005 for £53.4 million.[11]
In 2011, Tata Technologies raised 141 crore (US$30 million) by selling 13% stake to Tata Capital and Alpha TC Holdings.[12]
In April 2013, Tata Technologies acquired Cambric Corporation, an American engineering services company, for $32.5 million.[13]
In May 2017, Tata Technologies acquired 100% stake in Swedish automotive design and product engineering company, Escenda Engineering AB.[14]
In 2017, in an effort to reduce Tata Motors' debt, the Tata Group announced that it would sell a 43% stake in Tata Technologies to private equity firm Warburg Pincus for $360 million and cease to be the controlling shareholder in the company.[15] However, the deal was called off in 2018.[16]
In November 2023, Tata Technologies launched its book-built initial public offering (IPO) selling shares worth, making it Tata Group's first public offering in nearly two decades.[17] Its shares began trading on NSE and BSE on 30 November 2023.[18]