The Tata Group is recognized as one of the most prestigious business houses in the country. In such a situation, if the Tata group takes any new initiative, then the eyes of the whole country and the entire market are fixed on it. Now when it comes to Initial Public Offering IPO for the first time in 18 years by a Tata group company, there is bound to be a stir in the market.
Let us tell you that Tata Technologies, a subsidiary of group company Tata Motors, is preparing to bring its IPO. This will be the IPO offered by a Tata company after 18 years.
Let us tell you that about half a dozen companies of Tata group are listed in the market. The last company out of this is Tata Consultancy Services ie TCS. Whose IPO came into the market in 2004. Since then no IPO of any Tata company has come. Tata Technology is a subsidiary of Tata Motors, which provides engineering and digital services worldwide.
Significantly, the IPO of TCS came during the era of Mr. Ratan Tata. This will be the Tata Group's first IPO after N Chandrasekaran became the chairman of Tata Sons in 2017. Tata Technologies has just started the process of launching the IPO. The headquarter of Tata Technologies is in Pune. It has 18 distribution centers around the world, with 9,300 employees. It is a profitable company.