Tata Technologies Ltd (TATATECH)

Tata Technologies Ltd was incorporated as Core Software Systems Private Limited at New Delhi as a Private Limited Company pursuant to a Certificate of Incorporation dated August 22 1994 issued by the Registrar of Companies NCT of Delhi and Haryana. The Company got converted into a Public Limited Company and the name of Company was changed to Tata Technologies India Limited. A fresh Certificate of Incorporation was issued by the Registrar of Companies NCT of Delhi and Haryana on November 15 1996. The name of Company was further changed to Tata Technologies Limited and a fresh Certificate of Incorporation dated February 8 2001 was issued by the RoC.Tata Technologies Ltd a subsidiary of Tata Motors Ltd is a global leader in Engineering Services Outsourcing Product Development IT services and Product Lifecycle Management. The company provides engineering services outsourcing product development information technology and product lifecycle management services for automotive and aerospace manufacturers. The company offers GET IT a Webbased engineering knowledge management software for engineers and CHECK IT a data validation software for design process to automate compliance. The companys range of services includes IT Consultancy SAP implementation and maintenance providing networking solutions CAD/CAM engineering design consultancy. The company is headquartered in Pune India. They have seven branches located at Mumbai Lucknow Jamshedpur Bangalore Pondicherry Chennai and South Korea that enables them to provide high quality costeffective services to clients in India and abroad. As on March 31 2009 the company has twelve subsidiary companies.In December 2000 the company acquired Tata Technologies USA making it a subsidiary company. Also the company through their subsidiary Tata Technologies USA acquired 100 equity stake in INCAT International Plc a UKbased company.During the year 200506 the company incorporated a whollyowned subsidiary Tata technologies Thailand Ltd in Bangkok to perform automotive research and development. They acquired 100 stake in Tata Technologies Pte Ltd Singapore from other Tata Group companies and business associates. In October 2005 the company acquired INCAT International Plc a UK based company for a cash consideration of Rs 41100 lakh. In January 2006 the company through their subsidiary company INCAT GmbH acquired CEDIS Mechanical Engineering GmbH a Stuttgart Germanybased provider of automotive engineering and design services for Euro 2.51 million.During the year 200607 the company entered into an agreement with IBM India Pvt Ltd to take over management of the IT Infrastructure business and the right to use internal and general purpose procedures developed by the company for a customer. The company subsidiary Tata Technologies Pte Ltd acquired entire stake of INCAT KK from INCAT International Plc. Then INCAT International Plc acts as the holding company for Tata Technologies European subsidiaries and the name was changed to as INCAT Europe Plc. In April 1 2006 as per the Agreement and Plan of Merger among INCAT Holdings Inc INCAT financial Services Inc and Tate technologies merged with INCAT Systems Inc. In October 2006 the company sold their 100 equity stake in Tata Technologies Thailand Ltd to their wholly owned subsidiary namely Tata Technologies Pte Ltd Singapore. Also the name was changed from Tata Technologies Thailand Ltd to INCAT Thailand Ltd to leverage the companys global brand INCAT. In April 2007 iKnowledge Solutions was renamed as Tata Technologies iKS Inc.During the year 200708 the Malaysian subsidiary Granted Revenue Sdn Bhd ceased to be a subsidiary company. Also CEDIS Mechanical Engineering GmbH Germany was merged with INCAT GmbH Germany during the year to consolidate the operations in Germany under one entity. During the 200809 the company won a multiyear multimillion dollar contract to provide Engineering Design PLM and IT support services from a major Global Auto OEM. The company entered into a into joint venture agreement with Hindustan Aeronautics Ltd and formed a new company with equal ownership under the name and style of INCAT HAL Aerostructures Ltd on May 28 2008. The company changed the name from INCAT HAL Aerostructures Ltd to Tata HAL Technologies Ltd with effect from February 17 2009.The company changed name of INCAT Thailand Ltd to Tata Technologies Thailand Ltd with effect from March 13 2009. Also the name of INCAT Ltd UK was changed to Tata Technologies Europe Ltd with effect from. March 31 2009. During the year Tata Technologies iKS Inc got merged with Tata Technologies Inc. formerly known as INCAT Systems Inc with effect from. March 31 2009. As part of rebranding the names of INCAT Systems Inc INCAT Solutions of Canada Inc and Integrated Systems de Mexico S A de C V were changed to Tata Technologies Inc Tata Technologies Canada Inc and Tata Technologies de Mexico S.A. de C V respectively with effect from April 1 2009.The Company in 2012 launched the electric Mobility eMO vehicle at the North American International Auto Show In 2013 it acquired Cambric Corporation adding Romanian delivery centers to its portfolio and expanding the industrial machinery engineering capabilities. In 2017 it acquired Escenda Engineering AB in Sweden.The Company came out with an Initial Public Offer dated November 21 2023 by raising capital of Rs 3042.51 Crore Equity Shares and by issuing 60850278 Equity Shares thru Offer for Sale..

Share Price: ₹1051.65 per share as on 18 May, 2024 04:01 PM
Market Capitalisation: ₹42,449.15Cr as of today
Revenue: ₹1,301.05Cr as on March 2024 (Q1 24)
Net Profit: ₹157.24Cr as on March 2024 (Q1 24)
Listing date: 30 Nov, 2023
Chairperson Name: AJOYENDRA MUKHERJEE