Due to a surge in demand for electric vehicles and a recovery in the aerospace sector, Tata Technologies aims to launch an initial public offering.
This will be the first public float by a Tata Group firm after TCS went public in 2004 if Tata Group's strategy is successful.
Tata Tech produced revenue of Rs 3529.6 cr for the fiscal year that ended on March 31, 2022, as well as an operating profit of Rs 645.6 crore
These best-ever outcomes translate to revenue growth of 47% year-over-year, operating profit growth of 65%, and profit after-tax growth of 74%.