On Friday, ahead of unblocking Tata IPO offers the shares of Tata Investment Corporation Ltd, an investment company of Tata group, shares raised over 19 per cent.
Anand Rathi said, “Focusing on verticals like auto (75 per cent of overall revenue) and aero (part of others, 10 per cent of revenue), Tata Tech is a mid-size ER&D services company with ~$547 million revenue. It has long-term collaborations with anchor clients (Tata Motors and JLR, 40 per cent of auto revenue) and offers turnkey vehicle-development solutions for combustion & electric powertrains. Besides, it offers manufacturing cost reduction and after-sales solutions.”
