Tata Tech: The new entrant of Tata Group

In the Tata Group, a new chapter is about to unfold! Tata Technologies Limited, a wholly-owned subsidiary of Tata Motors Limited, will be the first Tata Group IPO since TCS went public in 2004. The spotlight is on Tata Technologies as it opens its IPO exclusively as an OFS (offer for sale) on November 22, 2023. Tata Technologies is an engineering services provider offering product development and digital solutions to original equipment manufacturers. It is renowned for its prowess in the automotive industry and leverages this domain expertise in other segments, such as aerospace, transportation, and heavy construction machinery. The listing of Tata Tech will add to the Tata Group's extensive portfolio of listed technology companies. The biggest among them is TCS, and the one most similar to Tata Tech is Tata Elxsi. TCS TCS has a market capitalisation of around Rs 12,00,000 crore and is commonly referred to as Tatas' cash cow. It is a global IT company with over $27 billion in revenue that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. The company operates in several business segments, including: IT service