Subscribe to Tata Technologies: KR Choksey,

KR Choksey has come out with its report on Tata Technologies. The research firm has recommended to “ Subscribe ” the ipo in its research report as on November 21 2023.

Broker Research

November 21, 2023 / 19:13 IST

IPO

KR Choksey, IPO report on Tata Technologies

Tata Technologies Limited was incorporated on August 22,1994 as a Private Limited Company in the name of Core Software Systems Private Limited. Promoted by Tata Motors Ltd. ("TML"), Tata Technologies is a prominent global provider of engineering services, providing turnkey solutions, digital solutions and product development to OEMs and Tier-1 suppliers worldwide and is a pure-play manufacturing focused Engineering Research & Development (“ER&D”) company. The services business includes includes providing outsourced engineering services for manufacturing clients and leveraging digital technology to optimize the way in which a manufacturing company conceives, develops, manufactures and services new products. Service Business mainly caters to Auto OEM and their Tier I suppliers. To leverage its expertise in Auto business, the company diversified into aerospace, transport and construction heavy machinery (“TCHM”). Their Products business includes reselling of third-party software applications, primarily product lifecycle management (“PLM”) software and providing value added services such as consulting, implementation, systems integration and support. Tata Tech’s education business is where the company works with colleges, universities, private enterprises and State Governments to equip the next generation of engineers and technicians with relevant skills that are required by the global manufacturing industry through proprietary iGetIT platform.

Valuation and Outlook

The Tata group's strong brand equity and corporate governance standards further bolster confidence in its prospective growth. Additionally, significant prospects in aerospace, interactive human-machine (IHM) interfaces, and educational sectors, coupled with a robust financial state featuring no debt and a healthy cash reserve, signal a company with sound capital management suitable for investment. Hence, we rate the Tata Technologies Limited IPO as ‘Subscribe’.

For all IPO report, click here