Tata Elxsi is among the world's leading providers of design and technology services across industries including Automotive, Media, Communications, and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation, and deployment, and is supported by a network of design studios, global development centers, and offices worldwide.
Established as part of the prestigious Tata Group, Tata Elxsi has evolved into a premium engineering service provider with a global footprint. The Company was incorporated on March 30, 1989, as Tata Elxsi (India) Limited and changed its name from 'Tata Elxsi (India) Limited' to Tata Elxsi Limited on April 1, 1999. The company commenced its business on May 5, 1989, in Bangalore, the Silicon Valley of India, to develop and promote applications of electronics, embedded systems, and software. The mission was to foster innovation in the fast-emerging IT market and accelerate the adoption of leading-edge technologies.
Tata Elxsi has a market capitalization of ₹38,673 Crore as of July 2025, with revenue of ₹3,729 Crore and profit of ₹785 Crore. The company's market capitalization stands at ₹40,021 Crore as per latest filings, making it a significant player in the technology services sector.
For the financial year 2025, the company reported full-year revenue of ₹3,729.0 Crore, demonstrating steady growth despite global macroeconomic challenges. For the fourth quarter of financial year 2024-25, the company reported operating revenue of ₹908.3 Crore. The company's profitability remains strong with Profit Before Tax (PBT) at ₹221.4 Crore, PBT Margin at 23.3%, and Profit After Tax (PAT) at ₹172.4 Crore, PAT Margin at 18.1% for Q4 FY25.
The company continues to reward shareholders generously, with the Board of Directors recommending a final dividend of 750% (₹75 per equity share of par value of ₹10 each) for the financial year ending March 31, 2025, subject to approval by the shareholders at the upcoming Annual General Meeting. This represents one of the highest dividend payments in the company's history.
The company's business segments include Software Development & Services (SDS), which accounts for approximately 97% of Q1 FY25 revenue. The Company's business segments include system integration and support, and software development and services.
The company provides end-to-end solutions across Transportation, Media & Communication, and Healthcare & Life Sciences. Their services cover everything from ideation to market introduction. Additionally, they assist customers in creating innovative products and experiences through consumer research, branding, and product design.
The company has expertise in automotive engineering spanning areas such as advanced driver-assistance systems, autonomous driving, electrification, and connected car solutions. The Company offers platforms and solutions such as TETHER, which is a connected vehicle platform; TECockpit, which is an integrated cockpit solution, and Autom@TE, which is a test automation suite.
The transportation segment has been a key growth driver, with the transportation business growing strongly at 24.6% YoY, and now accounts for 49.9% of overall SDS revenues. OEMs now constitute over 56% of the transportation business, and the company is now embedded into the SDV programs of 5 global OEMs.
The Company provides digital content creation for the media and entertainment industry. The company has established significant partnerships in this vertical, though it faces some challenges due to industry-specific headwinds.
The healthcare segment shows promising growth prospects, with the Healthcare & Lifesciences business registering a growth of 10.8% YoY. The company has established a strong foundation for continued growth, with the addition of 5 marquee customer logos in the year and expanded capabilities and platforms in new growth areas such as digital therapeutics and connected health.
The company secured a 50 Million Euro multi-year SDV and software engineering deal with a European Automotive leader, that will ramp up starting April 2025. Additionally, the company reported a strategic multi-year product engineering consolidation deal of over 100 Million USD with a marquee operator in media and communications, representing the largest single deal in the company's history.
The company has been investing heavily in next-generation technologies, particularly in Software Defined Vehicles (SDV). The company is launching its AVENIR SDV software suite at the CES 2025 Conference in Las Vegas. AVENIR encompasses a cloud-native virtual development platform and a hybrid global validation platform, and is powered by the Snapdragon Digital Chassis platform, in partnership with Qualcomm. The company offers a compelling proposition of a ready-to-adopt solution, coupled with deep digital and software expertise and scaled talent base, to help global OEMs shift-left and accelerate their SDV and future mobility roadmaps.
The company has received international recognition for its design digital proposition with two iF award wins for 2025. It won the UX award for GameSense – its experiential solution that brings together UX design, AI, and digital technologies to deliver enhanced fan engagement and monetization for global sports and live events. The company also won an iF award for product design, with its next-generation racing simulator gear design for Turtle Beach, the leader in gaming technologies.
The Company supports clients in reimagining their products and services by applying design thinking and digital technologies such as Internet of things (IoT), cloud, mobility, virtual reality, and artificial intelligence.
The company maintains a promoter holding of 43.9%, with promoter holding having gone down to 43.91% as of March 2025 from 43.92% as of June 2024. This stable ownership structure provides strategic direction while allowing for professional management.
The company is transforming its customer base across industries, with a continued shift towards OEMs in the automotive industry, and operators in the media and telecom industry, while continuing to deepen key customer relationships. The company is winning large deals against the best in the world in both the automotive and media & communications verticals, which underscores the differentiated value proposition, offshore delivery excellence, and deep domain capabilities that Tata Elxsi offers to customers.
Despite facing some near-term challenges in certain segments, the company's strong technological capabilities, diversified service portfolio, and strategic investments in emerging technologies position it well for long-term growth. The company's focus on design-led innovation, combined with its deep domain expertise across multiple industries, continues to differentiate it in the competitive technology services landscape.
