Important information regarding Tata Technologies that you should be aware of before its IPO

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.

Approximately 74% of Tata Technologies is owned by Tata Motors, according to the automaker's 2022 annual report.

Tata Tech concentrates on the automotive, aerospace, industrial machines, and industrial industries.

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%.

Financetalk.in

There are 18 global delivery centres operated by Tata Technologies worldwide. 

It employs 9,300 people and serves customers out of locations in North America, Europe, and the Asia-Pacific area.