Tata Technologies Limited is an Indian multinational

technology company A technology company (or tech company) is a company that focuses primarily on the manufacturing, support, research and development of—most commonly computing, telecommunication and consumer electronics–based—technology-intensive products and ...

engaged in

product engineering Product may refer to: Business * Product (business), an item that can be offered to a market to satisfy the desire or need of a customer. * Product (project management), a deliverable or set of deliverables that contribute to a business solution ...

, that provides services to automotive and aerospace original equipment manufacturers as well as industrial machinery companies. It is a subsidiary of

Tata Motors Tata Motors Limited is an Indian Multinational corporation, multinational Automotive industry, automotive company, headquartered in Mumbai and part of the Tata Group. The company produces passenger cars, cars, trucks, vans, and busses, buses. T ...

. Tata Technologies has its headquarters in

Pune Pune ( ; , ISO 15919, ISO: ), previously spelled in English as Poona (List of renamed Indian cities and states#Maharashtra, the official name until 1978), is a city in the state of Maharashtra in the Deccan Plateau, Deccan plateau in Western ...

and regional headquarters in the United States (

Detroit, Michigan Detroit ( , ) is the List of municipalities in Michigan, most populous city in the U.S. state of Michigan. It is situated on the bank of the Detroit River across from Windsor, Ontario. It had a population of 639,111 at the 2020 United State ...

). 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.

History

Tata Technologies was founded in 1989, as the

automotive design Automotive design is the process of developing the appearance (and to some extent the ergonomics) of motor vehicles, including automobiles, motorcycles, trucks, buses, coaches, and vans. The functional design and development of a modern mot ...

unit of

. It was hived off as a separate company in 1994, with Tata Motors continuing to hold a

majority stake A controlling interest is an ownership interest in a corporation with enough voting stock shares to prevail in any stockholders' motion. A majority of voting shares (over 50%) is always a controlling interest. When a party holds less than the maj ...

and be its biggest client. Tata Technologies Inc acquired INCAT International, a UK-and US-based automotive and aerospace engineering company, in August 2005 for £53.4 million. In 2011, Tata Technologies raised 141 crore (US$30 million) by selling 13% stake to

Tata Capital Tata Capital Limited is an Indian financial and investment services company, based in Mumbai. It is a subsidiary of Tata Sons and has more than 700 branches across the country. The firm offers consumer loans, wealth management, commercial fin ...

and Alpha TC Holdings. In April 2013, Tata Technologies acquired Cambric Corporation, an American engineering services company, for $32.5 million. In May 2017, Tata Technologies acquired 100% stake in Swedish automotive design and product engineering company, Escenda Engineering AB. In 2017, in an effort to reduce Tata Motors' debt, the

Tata Group The Tata Group () is an Indian multinational conglomerate group of companies headquartered in Mumbai. Established in 1868, it is India's largest business conglomerate, with products and services in over 160 countries, and operations in 100 c ...

announced that it would sell a 43% stake in Tata Technologies to private equity firm

Warburg Pincus Warburg Pincus LLC is a global private equity firm, headquartered in New York City, with offices in the United States, Europe, Brazil, China, Southeast Asia and India. Warburg has been a private equity investor since 1966. As of April 2024 the f ...

for $360 million and cease to be the controlling shareholder in the company. However, the deal was called off in 2018. In November 2023, Tata Technologies launched its book-built

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO) selling shares worth , making it Tata Group's first public offering in nearly two decades. Its shares began trading on NSE and BSE on 30 November 2023. In 2024, Tata Technologies and

BMW Bayerische Motoren Werke AG, trading as BMW Group (commonly abbreviated to BMW (), sometimes anglicised as Bavarian Motor Works), is a German multinational manufacturer of vehicles and motorcycles headquartered in Munich, Bavaria, Germany. Th ...

, a German automotive manufacturer, formed a

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

named BMW TechWorks India. The joint venture will focus on developing software related technology for vehicles and IT services for BMW’s global business operations.

References

External links

* {{Tata Group Tata Group subsidiaries Engineering companies of India Manufacturing companies based in Pune Manufacturing companies established in 1989 1989 establishments in Maharashtra Indian companies established in 1989 Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange 2023 initial public offerings