Tata Technologies Limited (TTL) is engaged in providing ESO (Engineering Services Outsourcing), IT services, and PLM (Product Lifecycle Management) services. These services are offered primarily to automotive and aerospace manufacturers with range of services like IT consultancy, CAD/CAM engineering and design consultancy, SAP implementation and maintenance and providing networking solutions. The company was incorporated in 1994 and has its registered office located in Pune, Maharashtra.

There are two components to the company’s value proposition:

• The first one being outsourced product engineering services for their clients helping them conceptualize, design and develop better products, and
• The second one is helping them identify and deploy technologies and solutions that are used to manufacture, service and realize better products. 

These offerings are delivered through two lines of business:

1. Engineering, Research and Development (ER&D) services, and
2. Digital Enterprise Solutions which includes offerings in Connected Enterprise IT (CEIT) and Product Lifecycle Management (PLM) services and products.

Tata Technologies has a workforce of 7900 employees, worldwide, serving clients from facilities in North America, Europe and APAC. The company has 17 global delivery centres at Pune (Head Quarter), Gurgaon, Bengaluru, Thane, Chennai (India), SEA – Shanghai (China), Bangkok (Thailand), Singapore, Tokyo (Japan), Hanoi (Vietnam), Europe – Brasov, Craiova & Iasi (Romania), Gothenburg (Sweden), Warwick (UK), North America – Detroit (USA).

The  Operating  revenue  of  the  Company  recorded  decrease  of  15.6%  during  financial  year  2020-21  over  previous  financial  year  on  a standalone  basis.  The  revenue  decline  on  standalone  basis  mainly  consists  of decline  of 16.9%  in  sale  of services  to  ₹  896.82  crore, while sale of products declined by 6.2% to  ₹  154.02 crore. On  Consolidated  basis,  the  Group recorded  a decrease  in  revenue  from  operations  by 16.5%. The  Revenue  from  operations  decreased to  ₹  2,380.91  crore  during  financial  year  2020-21  compared  to  ₹  2,852.05  crore during previous year.  The  revenue from  sale  of services  decreased  by 17.5%  to  ₹  1,917.74  crore  in  financial  year  2020-21  compared  to  ₹  2,324.08  crore  in  financial  year  2019-20 while product revenue decreased by 8.6% to  ₹  463.16 crore compared to  ₹  506.52 crore during previous financial year. 

During the year under review, the Company did not receive any dividend from its subsidiaries. The  PBT  decreased  by  61.8%  to  ₹  146.64  crore  in  financial  year  2020-21  compared  to  ₹  383.60  crore  in  previous  financial  year  on a  standalone  basis.  The  PAT  decreased  to  ₹  108.21  crore  in  financial  year  2020-21  compared  to  ₹  291.92  crore  during previous f inancial year on standalone basis. On  Consolidated  basis,  the  Group earned  a PBT  of  ₹  315.27  crore  during  financial  year  2020-21  compared  to  ₹  391.97  crore  during previous  financial  year  registering  a  decrease  of  19.6%  over  previous  financial  year.  The  PAT  decreased  by  4.9%  to  ₹  239.18  crore in f inancial year 2020-21 compared to  ₹  251.55 crore in previous financial year.