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Tata Elxsi plans to drive growth through acquisitions

Plans to use over Rs 200 crore surplus cash in hand

Ayan Pramanik  |  Bengaluru 

Engineering and industrial design services provider Tata Elxsi, a Tata Group company, plans to buy smaller companies in areas such automotive, media and healthcare, helping it grow business faster. The over Rs1,000 crore company has built capabilities to provide niche automotive design services for driver-less cars and telematics for connected cars. "We have reasonable cash on the books and we have always been profitable.

Right now, we have Rs 200 crore plus cash. It is starting to give us an opportunity to think about inorganic growth. We will continue to focus on organic and ...

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First Published: Mon, November 28 2016. 01:03 IST
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