Tata Technologies Soon To Have Their IPO, First After TCS IPO In 2004: Reports

Tata enterprises will soon launch the IPO of one of their profitable subsidiaries Tata Technologies. The last time they came up with an IPO was of TCS (Tata Consultancy Services) in 2004. This is the first time they will have their IPO after 18 years. This will also be the first IPO launch after the takeover of new Tata Group chairman N Chandrasekaran who came on board in January 2017.

Tata Group is a leading business worldwide. It was founded by Jamshetji Tata in 1868 in Mumbai. Today there are near about 30 companies under the Tata group including Tata Tech. Tata Sons are the parenting company of all Tata organizations.

What is Tata Technologies?

This big branch of Tata Group provides engineering solutions of all kinds. They have their expertise in flying, building, aerospace, and other technical works. They have 18 delivery centers globally. Tata Motors has more than 74% of its stake in Tata Technologies.

WHAT DO THEY MAKE:

  • Automotive Machinery,
  • Industrial Machinery,
  • Aerospace Components
  • ¬†Adjacent Verticals Engineering

TATA HAVE EXPERTISE IN FOUR CORE BUSINESS SEGMENTS, THEY ARE AS FOLLOWED:

  • Engineering, Research, and Development (ER&D) services
  • Digital Enterprise Solutions (DES),
  • Education Offerings,
  • Value-added Reselling and iProducts offerings.

Till the year March 31, 2022, Tata Tech has delivered a revenue of Rs 3529.6 crore,  with a huge topline profit of Rs 645.6 crore and a bottom-line profit of Rs 437.0 crore (as per the sources).

Every year Tata Industries registers a growth of 47 percent, a complete profit of 65 percent, and profit after the tax deduction is 74 percent as per the chairman of the board of directors S Ramadorai. He marked in the company’s latest annual report.

Tata Technologies has recently joined the Foxconn-initiated MIH Consortium. The merge has been done to promote the development of sustainable mobility solutions and encourage collaboration within the industry. MIH has 2,300 members in the software, and hardware service field. The alliance is formed to bring required business professionals on board. This will help the tenure build the next generation of EV, autonomous driving, and mobility service applications.

After Tata Technologies has its IPO, Tata Sky is also ready with theirs.

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