Tata Elxsi
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| Public | |
| Traded as | |
| ISIN | 🆔 |
| Industry | Design Engineering Consulting Outsourcing |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | Bangalore, Karnataka, India |
Area served 🗺️ | Worldwide |
Key people | N. Ganapathy Subramaniam
(Chairman) Manoj Raghavan (MD & CEO) |
| Revenue🤑 |  ₹3,144.7 crore (US$440 million)[1] (2022-2023) |
| ₹961.1 crore (US$130 million)[1] (2022-2023) | |
| ₹755.2 crore (US$110 million)[1] (2021-2022) | |
| Total assets | ₹2,763.50 crore (US$380 million)[1] (2022-2023) |
| Total equity | ₹2,085.77 crore (US$290 million)[1] (2022-2023) |
| Members | |
Number of employees | 11,254[1] (March 2023) |
| Parent | Tata Group |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
Tata Elxsi is a publicly listed company within the Tata Group, headquartered in Bangalore, India. The company specializes in providing design, engineering, testing, and system integration services to various industries, including automotive, media, broadcast, telecommunication, medical devices, and pharmaceutical. Tata Elxsi has a global presence, with operations in 35 locations across 15 countries[2].
Tata Elxsi gained recognition for its financial performance, with the stock delivering a return of over 200% in the fiscal year 2021-2022 on both the NSE and the BSE[3].
History[edit]
1985-1989[edit]
The partnership between Elxsi and the Tata Group aimed to manufacture computers in India due to strict import regulations pre-economic liberalization. However, by 1989, when the manufacturing license was obtained, Elxsi had ceased operations in Silicon Valley. Tata Elxsi India then assumed the responsibility of supporting Elxsi's global customer base, maintaining the Tata Elxsi name[4].
1989-2002[edit]
Tata Elxsi was incorporated on March 30, 1989, as a public limited company[5]. Following economic liberalization in India in 1993, the company became a distributor and value-added reseller for Silicon Graphics and established its first software development center in Whitefield, Bangalore. In 1996, Tata Elxsi shifted its focus to providing embedded product design and development services. F.C. Kohli, the first CEO of Tata Consultancy Services, served as the Chairman of the Board until 1999 and remained on the board until 2005[6] However, he continued to be on the board until 2005.[7].
2002-2012[edit]
In 2002, Madhukar Dev was appointed as the Chief Executive Officer and Managing Director of Tata Elxsi[8]. The company expanded into the visual computing sector during this time, establishing a Visual Computing Lab (VCL) to meet the increasing demand for visual effects in the Indian film industry. Notable VFX industry veterans Joel Hynek, Tricia Ashford, and Treva Blue joined Tata Elxsi in 2009 to develop a new VFX studio in Santa Monica, California[9][10].
2012-2019[edit]
In 2012, Tata Elxsi restructured its embedded product design business into three verticals: Automotive, Media, and Communication, to better align with the industries it served[11]. This reorganization led to collaborations with companies such as Ford, Jaguar Land Rover, Mahindra & Mahindra, Nissan, Panasonic, Comcast, and Motorola[12]. In 2017, Tata Elxsi made headlines as the first Indian company to unveil autonomous car technology and sought permission to test it in Bangalore[13]. Additionally, the company contributed to India's space exploration efforts by developing data control hardware for the Mangalyaan, India's first Mars Orbiter Mission[14].
2019-Present[edit]
Following Madhukar Dev's retirement in 2019, Manoj Raghavan was appointed as CEO and MD of Tata Elxsi[15]. In 2019, Tata Motors announced a partnership with Tata Elxsi to develop a connected vehicle platform[16]. By January 2023, this platform was reportedly used in over 500,000 cars[17]. In 2023, ISRO collaborated with Tata Elxsi to develop Crew Module Recovery Models for the Gaganyaan mission[18]. Additionally, in June 2023, Tata Elxsi inaugurated an innovation hub in Troy, Michigan, to expand its North American presence[19].
References[edit]
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 "Tata Elxsi Integrated Annual Report 2022-2023" (PDF). www.bseindia.com. Retrieved June 14, 2023.
- ↑ "Tata Elxsi | Business | Tata group". www.tata.com. Retrieved June 16, 2023.
- ↑ Manohar, Asit (March 29, 2022). "Multibagger stock: Why Tata Elxsi share price is skyrocketing — explained". mint. Retrieved June 16, 2023.
- ↑ N. Talgeri, Kunal (October 3, 2013). "The man for all seasons". www.fortuneindia.com. Retrieved June 14, 2023.
- ↑ "Tata Elxsi History". www.moneycontrol.com. Retrieved May 23, 2023.
- ↑ "Tata Elxsi Annual Report, Financial Year 1998-1999" (PDF). Bombay Stock Exchange, India. May 21, 1999. p. 1. Retrieved June 14, 2023.
- ↑ https://www.bseindia.com/HIS_ANN_RPT/HISTANNR_NA_BSE/2005/5004080305.PDF
- ↑ "Tata Elxsi Annual Report 2001-2002" (PDF). Bombay Stock Exchange. Retrieved 2023-02-16.
- ↑ "With Tata Elxsi Visual Computing Lab (Sorted by Year Ascending)". IMDb. Retrieved June 14, 2023.
- ↑ Kapko, Matt (December 7, 2009). "Tata Elxsi's Visual Computing Labs Plants Roots in Hollywood". Animation World Network. Retrieved June 14, 2023.
- ↑ Hiremath, Varun (September 15, 2020). "What's the story at Tata Elxsi". www.timesnownews.com. Retrieved June 14, 2023.
- ↑ N. Talgeri, Kunal (June 5, 2016). "The turnaround at Tata Elxsi". www.fortuneindia.com. Retrieved June 14, 2023.
- ↑ Ghoshal, Devjyot (January 18, 2017). "Finally, there's a company with the courage to test driverless cars on India's crazy roads". Quartz. Retrieved June 14, 2023.
- ↑ "Minutes of the twenty-fifth annual general meeting of Tata Elxsi Limited held of Friday, July 18, 2004" (PDF). Business-Standard. p. 5. Retrieved June 14, 2023.
- ↑ "Tata Elxsi to get new CEO in October". Autocar Professional. April 25, 2019. Retrieved June 16, 2023.
- ↑ "Tata Motors partners with Tata Elxsi for connected vehicle platform". ET Auto. February 17, 2020. Retrieved June 16, 2023.
- ↑ "Tata Elxsi's Tether platform powers Tata Motors' 500,000 connected vehicles". Financial Express. January 4, 2023. Retrieved June 16, 2023.
- ↑ "Gaganyaan Mission: Tata Elxsi to provide key crew module to train Isro, Navy's recovery team". India Today. June 8, 2023. Retrieved June 16, 2023.
- ↑ Stickford, Jim (June 7, 2023). "Tata Elxsi Expanding North American Footprint with Troy Engineering Center". dbusiness.com/. Retrieved July 4, 2023.
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