Tata Technologies

History

2025: Server shutdown after ransomware virus attack

On January 31, 2025, it became known that the largest IT company in India, Tata Technologies, was attacked by a ransomware virus. Because of this, it was necessary to disable some servers and several information systems.

Tata Technologies did not specify when the incident occurred, which units were affected or whether confidential data was stolen. As of early February 2025, none of the ransomware groups claimed responsibility for the attack. In documents sent to the National Stock Exchange of India, the company says that the invasion affected a number of IT services, the work of which was suspended. At the same time, Tata Technologies client systems continued to operate normally. Cybersecurity experts are conducting a thorough analysis of the incident.

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Фото: Freepik

Our work has not been interrupted, and we continue to provide services to our customers without interruption. As a precaution, some IT services have been temporarily shut down, the statement released said.

The multinational technology company Tata Technologies, part of the Tata Motors concern, specializes in automotive, aerospace and industrial engineering. As of 2023, the total number of Tata Technologies employees worldwide exceeded 11 thousand people, and divisions operate in India, North America, Europe and the Asia-Pacific region. Therefore, during the attack, attackers could theoretically gain access to information about a large number of international customers of the company. Often, attacks using ransomware viruses are accompanied not only by encryption, but also by theft of confidential data with the aim of subsequent blackmail under the threat of publishing information on the Internet.^[1]

2023: Going public

At the end of November 2023, the Indian engineering company Tata Technologies went public. She released the results of the collection of applications from investors as part of the initial public offering (IPO). Demand exceeded supply by almost 70 times, which indicates the significant potential of this enterprise.

It is reported that investors have expressed a desire to acquire 3.13 billion Tata Technologies securities with a total value of 1.56 trillion rupees ($18.74 billion as of November 30, 2023). At the same time, the company itself intends to sell about 45 million shares within the framework of the IPO. Thus, the total volume of applications exceeded the offer by 69.43 times. Institutional investors have shown the most interest.

Tata Technologies goes public

Tata Technologies began trading on November 30, 2023. The IPO is valued at Rs 30.43 billion ($366 million) if counted at the upper end of the announced price range of Rs 475-500. Thus, the market value of the company is about 202.83 billion rupees (approximately $2.43 billion).

Market participants say the strong investor interest in Tata Technologies' IPO is because it is the first Tata group structure to go public since Tata Consultancy Services (TCS) in 2004. About 50% of the offer is reserved for qualified institutional investors, 35% for retail investors and 15% for non-institutional investors. As part of the IPO, Tata Technologies also reserved a 10 percent quota for eligible Tata Motors shareholders.

As part of the IPO, we recommend that investors sign up to Tata Technologies based on the company's growth potential. We believe that Tata Technologies can provide good profit in the long term, "says analyst Prashanth Tapse from Mehta Equities.[2]

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