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Who is the promoter of Tata Technologies IPO? 
Tata Motors ltd.

What is the business of Tata Technologies?

Tata Technologies is a leading global engineering services company offering product development and digital solutions, including turnkey solutions, to global original equipment manufacturers and their tier 1 suppliers. It endeavors to create value for its clients by helping them develop products that are safer, cleaner and improve the quality of life for their end-customers. The company has deep domain expertise in the automotive industry and leverage this expertise to serve its clients in adjacent industries, such as in aerospace and transportation and construction heavy machinery. As a global organization, it brings together diverse teams from different parts of the world with multiple skill sets to collaborate in real
time and solve complex engineering problems for its clients.

Services: Its primary business line is services, which includes providing outsourced engineering services and digital transformation services to global manufacturing clients helping them conceive, design, develop and deliver better products. Its Services business contributed Rs26,513.51 million and Rs 25,571.88 million to its revenue from operations in Fiscal 2022 and the nine-months period ended December 31, 2022, respectively, comprising 75.12% and 84.91% of its revenue from operations
for the respective periods.

Technology Solutions: It complements its service offerings with its Products and Education businesses.
Through its Products business it resells third-party software applications, primarily product lifecycle management software and solutions and provide value added services such as consulting, implementation, systems integration and support.

Its education business provides “phygital” education solutions in manufacturing skills including upskilling and reskilling in relation to the latest engineering and manufacturing technologies to public sector institutions and private institutions and enterprises through curriculum development and competency center offerings through its proprietary iGetIT platform. In Fiscal 2022 and the nine-months period ended December 31, 2022, its Technology Solutions business contributed Rs 8,782.29 million and Rs 4,546.06 million to its revenue from operations, respectively, comprising 24.88% and 15.09% of our revenue from operations for the respective periods.

Zinnov has estimated the global engineering, research and development spend to be approximately $1.64 trillion as of 2021 and expects it to grow to approximately $2.28-2.33 trillion by 2025. The ER&D spend outsourced to third party service providers reached $85 billion to $90 billion in 2021 and is anticipated to grow at a 10-12% CAGR between 2021 and 2025.

Tata Technologies is a pure-play manufacturing focused ER&D company, primarily focused on the automotive industry and its currently engaged with six out of the top 10 automotive ER&D spenders and four out of the 10 prominent new energy ER&D spenders in 2021.

Its domain expertise has also been recognized by industry bodies and external analysts. It is positioned in the “leadership zone” by Zinnov Zones for ER&D services ratings in 2022 for the sixth consecutive year. In the 2022 rankings for electrification services, it is ranked first among India-based ER&D service providers and second globally. For automotive ER&D services, it is ranked first among India service providers and third globally among rated service providers by Zinnov.

It has a diversified global client base and in the nine-months period ended December 31, 2022, it derived 25.76%, 23.94%, 22.27% and 28.03% of its revenue from operations from clients in India, Europe, North America and the rest of the world, respectively.

As of December 31, 2022, it has 18 global delivery centers spread across North America, Europe and
Asia Pacific, with each center staffed by a majority of local nationals enabling us to provide uninterrupted service to its clients and tap into specialist skill sets in different geographies. As of December 31, 2022, it has 11,081 employees, comprising 10,161 full-time employees and 920 contracted employees.

The company is a part of the Tata Group, which has been recognized as the most valuable brand in India by Brand Finance, a leading international brand valuation agency. As a subsidiary of Tata Motors Limited, it benefits from long-term relationships with both TML and JLR.
For more information, click www.tatatechnologies.com

What is the object of Tata Technologies IPO?
This is only an offer for Sale.

Tata Technologies IPO Particulars & Guidance

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