Get Tata Technologies (india) Limited - Employees Provident Fund

Moreover, Tata Technologies' average operating margin between 2019-2023 of around 19% was lower than that of Tata Elxsi's 30%. But, on net profit growth, both companies are close. Over the same period, Tata Technologies and Tata Elxsi reported a 5-year net profit CAGR of 20.5% and 25.8%, respectively.

This allocation, as per a board resolution on September 6, will include up to 0.5% of post-offer equity for employees and up to 10% for Tata Motors Ltd shareholders, with shares distributed proportionally.

Tata Motors is forecast to grow earnings and revenue by 27.7% and 9.3% per annum respectively. EPS is expected to grow by 28.1% per annum. Return on equity is forecast to be 27% in 3 years.

Tata Technologies TypePrivateNet income₹624 crore (US$78 million) (FY23)OwnerTata Motors (74.69%)Number of employees11,000 (2023)Websitewww.tatatechnologies.com7 more rows

Tata Motors will offer up to 81,133,706 equity shares which is 20% of the pre-offer paid-up equity share capital of Tata Technologies. Tata Technologies has reserved a 10% quota for Tata Motors' eligible shareholders in the upcoming public issue of the company.

Detailed Solution. Jamsetji Tata set up a provident fund scheme for his employees, the first of its kind in India, and an accident compensation fund.

Tata Technologies reserves 10% of IPO for shareholders of Tata Motors.

Tata Technologies' return on equity (RoE) stood at 19.8 percent in March 2022 and 23.7 percent in March 2023 . The return on capital employed (RoCE) was 19.5 percent in March 2023 compared to 16.7 percent in March 2022.