An affiliate of Warburg Pincus, a leading global private equity firm focused on growth investing, has committed to invest around US$360 million for approximately 43% equity stake in Tata Technologies Ltd (the "Company" or "Tata Technologies"), a global leader in engineering outsourcing and product development IT services.

Warburg Pincus will purchase approximately 30% from Tata Motors Ltd  and its subsidiary Sheba Properties Ltd, as well as the entire 13% stake held by Tata Capital (8.7% from Alpha TC Holdings Pte Ltd and 4.3% from Tata Capital Growth Fund I).

Post the transaction, Tata Motors and affiliates of the Tata Group will continue to retain a significant minority interest of approximately 43% in Tata Technologies, with the remaining ownership held by the management team and other shareholders.

Tata Technologies is a global engineering services and product development IT company with more than 8,500 employees located in 23 countries.

Tata Technologies helps the world to drive, fly, build and farm by enabling blue-chip automotive, aerospace and industrial machinery manufacturers realise better products. Leveraging its balanced onshore-offshore delivery model, Tata Technologies has recently delivered multiple fully outsourced vehicle programs for automotive clients, a capability that is unique amongst India-based engineering services companies.

The Tata Technologies services portfolio combines engineering, research and development (ER&D); product lifecycle management (PLM) and connected enterprise IT (CEIT) solutions. 

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