The Next 30:#37 Tata Technologies

In FY14, Tata Technologies registered 17% growth with revenues reaching `2,395 crore. Last year, the company's revenue was `2,045 crore. The company was keenly looking at expanding its reach organically and inorganically as it is after acquisition of companies in the size of $35-50 mn. It wants to bring in technology and new geographical areas since it wants to achieve revenues of $1 bn, with a head count of around 17,000 by 2017. The company acknowledged publically that it had a cash of around $150 mn which it wants to spend on good acquisitions, to support growth. The company has so far executed four acquisitions.

Tata Technologies recently acquired a US-based engineering services company Cambric Corporation for $32.5 mn, to enhance its systems engineering and design capabilities. Tata Technologies which is an engineering services and product development company catering to the automotive, aerospace, construction and heavy engineering segments, plans to expand its presence in countries such as China, South Africa, and Brazil.

The company has global development centers in Germany, India, Thailand, the UK, and the US. It serves clients in North America, Europe, West Asia, and Asia-Pacific regions, which includes leading aerospace original equipment manufacturers (OEMs) and automotive OEMs. Part of the Tata group, some of the firm's key clients include Chrysler Group, Jaguar Land Rover (JLR), Tata Motors, Boeing and Airbus.

The company rests its hopes on the emerging markets where designs are becoming a priority. It has strengthened its footprint in the emerging markets and is hopeful of increasing its growth.