Tata Elxsi is a publicly owned company headquartered in India and founded in 1989. It is a subsidiary of the Tata Group and employs over 12,000 people. The company provides design, engineering, and technology services to various industries, including automotive, broadcast, communications, and healthcare. Tata Elxsi focuses on applying digital technologies such as the Internet of Things (IoT), cloud computing, mobility, virtual reality, and artificial intelligence in its services. As of 2023, the company's annual revenue is less than $500 million.

2023 Revenue

Founded

1989

Headcount

12,286

Headquarters

India

Primary Segment

IT Services and IT Consulting

Ownership

Publicly Owned

Deployments

7

News Summary:

Tata Elxsi released its third-quarter results for the period ending December 31, 2024, on January 11, 2025. These results, published in the Financial Express and Udayakala newspapers and available on the company's website, showed revenue of ₹9.39 billion, a 2.7% increase from the same period in 2024. Net income was ₹1.99 billion, representing a 3.6% decrease year-on-year. Profit margin declined to 21% from 23% in the third quarter of 2024 due to increased expenses. The initial market reaction was negative, with shares falling 9.7% to ₹6001 in the week following the release. Separately, on an unspecified date, Tata Elxsi signed a Memorandum of Understanding (MoU) with CSIR-National Aerospace Laboratories (CSIR-NAL) to collaborate on air mobility technologies. The company also reported a weaker-than-expected third quarter of fiscal year 2025, marked by a slowdown in the transportation sector; however, new deals in the Asia-Pacific region, an increased focus on original equipment manufacturers, and a partnership with Qualcomm are expected to boost future growth.

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Tata Elxsi offers 7 products in the media tech industry. Tata Elxsi's product portfolio comprises of video data and analytics, user experience and devices, broadcast professional services and video business systems.
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Tata Elxsi's revenues were $430.2M in 2023. Caretta Research has split Tata Elxsi's revenue into 7 different product categories.
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Tata Elxsi's customers primarily consist of pay TV services companies. Examples of Tata Elxsi's customers include OSN, Airtel India and Act Fibernet. Tata Elxsi has commercial and technical partners like Microsoft, Apple and Google.

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