Tata Technologies IPO Likely: Tata Technologies, a subsidiary of Tata Motors, is preparing to launch an IPO. Tata Technology, a company involved in product engineering and digital services, has started taking the necessary preliminary steps to bring in an IPO. If Tata Motors’ plan succeeds, it will be the first IPO brought by the Tata Group since the 2004 TCS IPO.
Let me tell you that about 18 years ago, the IPO of Tata Consultancy Services (TCS), the largest IT company in the country, came up. Ratan was then the chairman of the Tata Group. But this will be the first IPO of any Tata group company since N Chandrasekaran became chairman of Tata Sons in 2017. However, no decision has been taken yet on the size of Tata Technology’s IPO. Currently, the process of bringing in an IPO has only just begun. It is believed that domestic as well as foreign banks will join the IPO process in the coming days.
In Tata Motors Company 74% Stakes
According to Tata Motors’ 2022 annual report, Tata Motors has a 74% stake in Tata Technologies. In 2018, Tata Motors planned to sell a 43 per cent stake in Tata Technologies to Warburg Pinkus for 360 million, but the decision was later scrapped. If we look at the financial results of Tata Technology, the company’s revenue in 2021-22 was Rs 3529.6 crore. On which Rs. 645.6 crore operating profit and Rs. The net profit was Rs 437 crore. Tata Technologies focuses on 4 verticals including automotive, aerospace, industrial machinery and industrial.