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Company Background

Incorporated in 1994 as a part of Tata group, Tata Technologies Limited is a leading global engineering services company. They offer product development and digital solutions including turnkey solutions, to global original equipment manufacturers (OEMs) and their tier-1 suppliers.

Tata Technologies aspire to create value for their customers by assisting them in the development of products that are safer, cleaner and improve the quality of life for the end customers.

With their deep domain expertise in the automotive industry, they have gained high expertise to serve clients in adjacent industries also, such as aerospace and transportation and heavy construction machinery.

The operation of Tata Technologies Limited is spread globally. They bring together diverse teams from different parts of the world with varied skill sets to collaborate in real time and solve complex engineering problems.

Objects of the Issue

• The Company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

• Achieve the benefits of listing the Equity Shares on the Stock Exchanges;

• Carry out the Offer for Sale of up to 95,708,984 Equity Shares by the Selling Shareholders.

Strengths

• Automotive domain expertise and deep understanding of client requirements

• Differentiated capabilities in new age automotive trends such as electric vehicles (“EVs”)

• Proprietary e-learning platform leveraging manufacturing domain knowledge to tap into the large upskilling and reskilling market.

• Delivery centres are located globally to ensure client engagement and scalability.

• Marquee set of clients spread across the globe.

• Well-recognized brand with experienced Promoter, board of directors and management team

Risks

• Derives significant portion of revenue (73%) generated from top 5 clients which includes Tata Motors.

• Revenues are highly dependent on clients concentrated in the automotive segment.

• Expect significant future revenues to come from new energy vehicle companies, many of which can be startup

• Negative cash flow in the past and may incur negative cash flows in future also.

• The company operates in a very competitive environment

• Exposed to foreign exchange rate fluctuations.

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