Tata Technologies, a software company, has moved out of the shadows of its parent, Tata Motors, to get business.

In 2005, nearly 80 per cent of the company’s revenue came from its parent company while Jaguar Land Rover (now part of Tata Group) contributed 5-8 per cent, and rest from other clients.

However, today, revenue from Tata Motors is down to 20 per cent while JLR contributes nearly 24 per cent, said Samrat Gupta, Chief Financial Officer, Tata Technologies, a Tata Group company based out of Singapore.

Over this period, the company’s revenue has grown to $375 million from $50 million, he said. Gupta was here to attend the Nasscom HR Summit last week. “We are eyeing revenue of $1 billion with an employee base of around 17,000 from the present 6,500 by 2017. We are on track,” he said.

From two major clients eight years ago, the company today boasts of names like Airbus, Chrysler – the latter has been its client for over 20 years - and Piaggio Aero. It provides capabilities across engineering, product lifecycle management and end-to-end services.

For instance, Tata Technologies helped Piaggio Aero, the Italian business jet company, to develop the P.180 Avanti II, its new maritime surveillance aircraft. For Chrysler, it was involved in delivering ‘innovative’ products, including the Ram 1500, to the market.

Aircraft maker Airbus is working with Tata Technologies to optimise the flow structure for aircraft fuel systems. This follows the Federal Aviation Authority mandate to demonstrate adequate fuel tank protection following the mid-air explosion of a TWA flight in 1996.

Acquisitions

With cash of around $150 million in its kitty, Gupta said the company would look at acquiring companies in the size of $35-40 million. “We are in no hurry. We have just finished acquiring Cambric. We need some time to look for another that will help us in growth,” he said.

Cambric is a US-headquartered engineering services company with three development centres in Romania, said Gupta.

raja.simhan@thehindu.co.in

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