Tata Technologies, a Tata group company, is technical services provider in multiple industries like engineering and design, product lifecycle management, manufacturing, product development, automotive and aerospace among others. Tata Technologies has reported a 8.6 per cent rise in the profit after tax (PAT) to Rs 106.4 crore for the quarter ended on March 31, 2022, as against a profit of Rs 98 crore in the corresponding period previous fiscal. The total revenue from the operations jumped more than 40 per cent to Rs 922.3 crore in March 2022 quarter as against an income of Rs 658.2 crore clocked in the March 2021 quarter. Tata Technologies, a subsidiary of Tata Motors, was founded in 1989 and primarily operates in North America, Europe, the Middle East and the Asia Pacific region. On a sequential basis, the company has reported a 31.7 per cent drop in the net profit and 10.8 per cent decline in the revenue from Rs 154.6 crore and Rs 1,034.1 crore, respectively, for the period ended in December 31, 2021. Tata Technologies is one of the best available electric vehicle (EV) plays in the listed and unlisted space. It is driving towards strong revenue generation in the current fiscal to be back on the growth track via new business opportunities. For the entire financial year 2021-22, the profit-after-tax (PAT) increased 82.65 per cent to Rs 436.9 crore compared to a bottomline of Rs 239.2 in the previous fiscal. The revenue from operations increased 47.5 per cent to Rs 3,578.4 crore from Rs 2,425.7 crore during the same period under review. Recently, the global engineering and product development digital services firm has entered into a collaboration with the Assam government to transform 34 state polytechnics and 43 Industrial Training Institutes (ITIs) into futuristic Centres of Excellence (CoEs) entailing an investment of about Rs 2,390 crore. The company has signed a Memorandum of Agreement (MoA) with the Assam government for a period of 10 years for the purpose, Tata Technologies said in a statement. On an operational basis, the company reported a profit before taxes (PBT) of Rs 141.3 crore in Q4 FY22, 16.7 per cent higher than the 121.1 crore in the Q4 FY21, but slumped 29.8 per cent lower than Q3 FY22 from Rs 201.2 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. In October 2021, the Tata Motors' engineering arm had bagged new orders worth $100 million (750 crore). At the current pace, the company is poised to achieve its revenue target of Rs 3,600 crore. Tata Technologies is headquartered in Singapore, with regional offices in the United States (Novi, Michigan), India (Pune) and the UK (Warwick) with a combined global workforce of more than 8,500 employees serving clients worldwide. 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. 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.