Tata Technologies Limited

Tata Technologies Limited - Engineering a better world!

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Industry Overview 

• The Indian IT industry accounted for 8% of India's GDP in 2020 & is expected to contribute 10% of India's GDP by 2025. This industry comprises of Engineering R&D (ER&D), Automotive industry, Aerospace & Defense (A&D) sector, Electric Vehicle (EV market), Automobile sector.

• Indian ER&D sector contributes to 40% of global ER&D services sector. India's share in the same is expected to grow at a CAGR of 12%-13%.

• India's automotive industry contributes 8% of the country's total export. This industry account for 2.3% of India's GDP & we are set to become the 3rd largest automotive market in the world by 2025.

• In 2020, India had garnered around 40% of aerospace & defense (A&D) market. 

• Indian EV market is expected to register a CAGR of 47% from 2021 to 2027.

About the company

• Tata Technologies is a subsidiary of Tata Motors & a leader in product engineering services, caters to the global manufacturing industry, enabling ambitious manufacturing companies to design & build better products.

• Tata Technologies serves various industries like Automotive, Heavy machinery, Aerospace & Defense, Industries business as well as Education.

• The company has an expertise in development of lightweight structures for EV and next-gen smart vehicles in order to deliver superior & cost effective products.

• They work with original equipment manufacturers (OEMs) & tier suppliers across geographies to help them develop innovative products that are greener, safer & more sustainable.

Management Analysis

• Subramanian Ramadorai (Chairman) :- He has done his Bachelor's in Physics from Delhi University. Has also done B.E in Engineering from Indian Institute of Science, Banglore. Has done M.A. in Computer Science from University of California - UCLA. He is the ex-CEO & later ex-Vice President of TCS. 

•  Ajoyendra Mukherjee (Independent Director) :- He has done B.E. (honors) in Electrical & Electronics Engineering from BITS Pilani. He is the ex-Executive Vice President & Global head of human resources in TCS. He serves as BOD in reputed private & public sectors.

• Warren Harris (Chief Executive Director & Managing Director) :- He has done his graduation from Harvard University in Engineering. He is also the member of the Institute of Mechanical Engineers & a Chartered Engineer. He is honored with PhD by Amity University & ex Chairman in Tata network from of North America.

• Savitha Balachandran (Chief Financial Officer) :- She has done B.com from Mount Carmel College in Bangalore. She has done her PGDM in Finance from Symbiosis Pune & she's a CFA charter holder. She is ex-General Manager in Tata Motors mergers & acquisitions team.

Financials

• In FY21, 9 new large multi-million multi-year deals were bagged by the company.

• Tata Motors plans to invest Rs. 15,000 crores in the EV segment in next 4 years to launch 10 new EV since it witnessed a surge in sales.

• The company is virtually debt free. 

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