Tata Technologies is considering the buyback of the equity shares, for which the Tata Group firm has issued a notice of postal ballot to the shareholders of the company. The remote e-voting period commenced from 10 am on Thursday, February 17, 2022, and is scheduled to end at 5.00 pm on Friday, March 18, 2022. The results will be declared later in the evening. The company board will consider the buyback of up to 12,40,122 equity shares of the face value of Rs 1 each, which represents 2.97 percent of the paid-up equity share capital of the company. The considered buyback price of equity shares is at Rs 1,982 apiece, aggregating the total buyback to Rs 245.8 crore. However, this excluded the transaction costs, brokerage, and applicable taxes. Founded in 1989, Tata Technologies is a subsidiary of Tata Motors, which primarily operates in North America, Europe, the Middle East, and the Asia Pacific region. Tata Technologies has reported a 120 per cent rise in the profit after tax (PAT) to Rs 154.6 crore for the quarter ended on December 31, 2021. On a sequential basis, the company has reported a 49 percent jump in the net profit. The total revenue from the operations jumped more than 60 per cent to Rs 1,042.3 crore in December 2021, whereas its income jumped 16 per cent on a sequential basis. Tata Technologies is one of the best available electric vehicle (EV) plays in the listed and unlisted space. Ii is driving towards strong revenue generation in the current fiscal to be back on the growth track via new business opportunities. In August 2005, Tata Technologies acquired INCAT International, a UK-and US-based automotive and aerospace puter engineering company for £53.4 million. INCAT was established in 1989. For the financial year 2020-21, Tata Technologies had posted a net profit of Rs 239.2 crore with a total income of Rs 2,425.7 crore. In August 2005, Tata Technologies acquired INCAT International, a UK-and US-based automotive and aerospace puter engineering company for £53.4 million. INCAT was established in 1989. The technology company claims to have seen a strong uptick in the various segments like the embedded technology business segment, even in the pandemic. Tata technologies has been partnering with automakers from India, China, US, Japan, and Sweden for more adoption. The company is bagging majority of overseas orders from four-wheeler OEMs, it is eyeing two-wheeler OEM's too. Tata Technologies' mechatronics has enabled infotainment integration and validation for a premium European luxury carmaker.