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Global product engineering and digital services firm Tata Technologies Ltd is confident of having a 'breakout year' in the ongoing fiscal year riding on accelerated investment from automobile manufacturers on new products that have helped it win full development projects, according to its CEO and Managing Director Warren Harris. The company is strategically poised to take advantage of a shift taking place in the industry where OEMs are increasingly looking to outsource more development work while focussing only on the core of the DNA of their respective brands, Harris told PTI in an interview. "We are doing well because of our value proposition. The industry from a product perspective is having the catch up from a period of under-investment and we are the beneficiaries of that because we won a number of full vehicle programmes in the first quarter (of this fiscal). That is helping us," he said. Among the major deals that Tata Technologies won in the recent past, is a USD 100 million
Global product engineering and digital services firm Tata Technologies Ltd on Monday reported an 8 per cent increase in consolidated net profit to Rs 204.17 crore during the March quarter. The company had posted a consolidated net profit of Rs 188.87 crore in the corresponding quarter of the previous fiscal year, Tata Technologies Ltd said in a regulatory filing. Consolidated revenue from operations in the fourth quarter was at Rs 1,572.22 crore as compared to Rs 1,285.65 crore in the year-ago period, it added. Total expenses in the fourth quarter were higher at Rs 1,382.62 crore as compared to Rs 1,088.2 crore in the year-ago period, it added. For FY26, consolidated net profit was at Rs 546.59 crore as compared to Rs 676.95 crore in FY25. Consolidated revenue from operations in FY26 stood at Rs 5,505.57 crore as against Rs 5,168.45 crore in FY25, the company said. Commenting on the performance, Tata Technologies Ltd CEO & MD Warren Harris said the company has been able carry ...
Global product engineering and digital services firm Tata Technologies on Saturday said it will acquire 100 per cent stake in Germany-based ES-Tec Group and its subsidiaries for a total cash consideration of 75 million euros (over Rs 775 crore). The company has entered into a definitive agreement to acquire 100 per cent equity shares of ES-Tech GmbH and its subsidiaries (collectively, ES-Tec Group), Tata Technologies said in a statement. The consideration will be paid over the next two years and includes performance-based earn-outs, it added. "The acquisition of ES-Tec Group is a strategic leap that enhances our ability to deliver end-to-end product engineering solutions across the automotive value chain and represents our commitment to expand our global footprint in accessing innovative engineering capabilities," Tata Technologies MD & CEO Warren Harris said. Founded in 2006 and headquartered in Wolfsburg, Germany, ES-Tec Group is a premium automotive engineering services ...