The Tata group is once again going to provide employment to the people on a large scale. Tata has become the largest business conglomerate in the country in terms of its income, profits and market values. Now Tata is going to launch another company in the market. According to the news of News-18, the processes have been started for Tata Technology, a subsidiary of Tata Motors.
If all goes well, Tata may launch Tata Tech’s first IPO in the market by the end of this financial year. If the Tata company does this, then with the listing, Tata Tech will be the first group company to bring an IPO after the year 2004, ie after 18 years. Let us tell you that in the first year 2004, TCS had an IPO of Rs 5500 crore.
Know what is Tata Technology
Tata Technology is a subsidiary of Tata Motors. Tata Motors will have a stake in this company, this stake will be around 72 percent. Apart from this, the company of Alpha TC Holdings will also have a stake in it. This share will be around 9 per cent. These products are in engineering and digital service. Apart from this, Tata Capital Growth Fund holds 4.48 per cent stake in the company. Other investors in the company include Tata Enterprises Overseas and Tata Motors Finance.
So far this has been the performance of the company
The total income of this company in the financial year 2021-22 was Rs 3530 crore. Now it has seen an increase of about 50 percent year on year. At the same time, the profit of the company has increased by 83 percent to a total of Rs 437 crore. Tata Group employs a total of 9300 employees. Most of the company’s customers of this company are spread across North America, Europe and Asia Pacific. The company has four business segments namely Research & Development, Value Added Reselling, Engineering and Digital Enterprise.
Tata Group will give more employment and more opportunities to earn
Another Tata group company Tata Sky is also planning to enter the market. The formalities are still pending for this company to apply for IPO. These upcoming companies of Tata Group can prove to be a great opportunity for investors. Due to the name of Tata Group, companies will get a lot of help in further growth, which will directly benefit the investors of these companies.