Tata Technologies has its headquarters in
Pune and regional headquarters in the United States (
Detroit, Michigan). As of 2023, the company has a combined global workforce of more than 11,000 employees across its 18 delivery centres in India, North America, Europe and the Asia-Pacific region.[10][11]
Tata Technologies was founded in 1989, as the
automotive design unit of
Tata Motors.[12] It was hived off as a separate company in 1994, with Tata Motors continuing to hold a
majority stake and be its biggest client.[13]
Tata Technologies Inc acquired INCAT International, a UK-and US-based automotive and aerospace engineering company, in August 2005 for £53.4 million.[14]
In April 2013, Tata Technologies acquired Cambric Corporation, an American engineering services company, for $32.5 million.[16]
In May 2017, Tata Technologies acquired 100% stake in Swedish automotive design and product engineering company, Escenda Engineering AB.[17]
In 2017, in an effort to reduce Tata Motors' debt, the
Tata Group announced that it would sell a 43% stake in Tata Technologies to private equity firm
Warburg Pincus for $360 million and cease to be the controlling shareholder in the company.[18] However, the deal was called off in 2018.[19]
In November 2023, Tata Technologies launched its book-built
initial public offering (IPO) selling shares worth ₹3,042 crore (US$360 million), making it Tata Group's first public offering in nearly two decades.[20] Its shares began trading on
NSE and
BSE on 30 November 2023.[21]