Tata Technologies Limited has announced significant changes to its Board of Directors and Key Managerial Personnel, effective January 16, 2026. The company's Board of Directors, meeting on January 16, 2026, approved these changes based on recommendations from the Nomination and Remuneration Committee, as disclosed under SEBI Listing Regulations.

Board Appointments and Resignations

The company has made strategic changes to its leadership structure with both new appointments and departures. The following table summarizes the key personnel changes:

New Director Profile

Dhiman Gupta brings substantial corporate finance expertise to the Board. He is an accomplished finance executive with nearly two decades of experience in corporate finance. A graduate of IIT Kharagpur and post-graduate in management from IIM Ahmedabad, Gupta currently serves as Chief Financial Officer of Tata Motors Passenger Vehicles Limited.

Gupta has been with the Tata Motors Group since 2018, previously serving as Vice President of Treasury, Investor Relations, and M&A. In this role, he played a pivotal role in business transformation and strategic fund-raising initiatives. His notable achievements include:

• Leading the subsidiarization of the passenger vehicle business
• Securing $1.00 billion in growth capital for the electric vehicle division from TPG RISE
• Overseeing the acquisition of Ford's Gujarat plant
• Contributing to the Tata Technologies IPO

Prior to joining Tata Motors, Gupta worked at Tata Sons Group Chairman's office, collaborating with multiple group companies on business strategy and mergers & acquisitions. Earlier in his career, he was part of the Corporate Finance team at Standard Chartered Bank in Mumbai.

Regulatory Compliance

The company has confirmed that Gupta is not related to any Director on the Board and is not debarred from holding the office of director pursuant to any SEBI order or any other authority. His appointment as Non-Executive Non-Independent Director is subject to approval by the shareholders.

Leadership Transitions

Balaje Rajan's resignation from his position as Non-Executive Non-Independent Director became effective at the close of business hours on January 15, 2026, due to other professional commitments. In his resignation letter, Rajan expressed gratitude for the opportunity to serve on the Board and wished the company success in its future endeavors.

Vikrant Gandhe stepped down from his roles as Company Secretary, Compliance Officer, and Key Managerial Personnel at the close of business hours on January 16, 2026. In his resignation letter addressed to Managing Director & CEO Warren Harris, Gandhe cited personal reasons for his departure and committed to ensuring a smooth transition during the notice period.

These changes reflect the company's ongoing efforts to strengthen its leadership team while managing natural transitions in key positions. The appointments and resignations have been properly documented and disclosed in accordance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Tata Technologies Limited delivered strong Q3 results with net profit surging to ₹616.00 crore, marking a sharp increase from ₹165.50 crore in the previous quarter. The global product engineering and digital services company reported revenue of ₹1,366.00 crore for the quarter, representing a 3.30% quarter-on-quarter growth from ₹1,323.00 crore.

Financial Performance Overview

The company's Q3 financial metrics demonstrated strong profitability recovery despite some operational challenges:

The services segment emerged as a key growth driver, contributing ₹1,060.00 crore with a robust 4.70% quarter-on-quarter increase. In US dollar terms, services segment revenue reached $118.60 million, up 2.60% sequentially, demonstrating resilience in international markets.

Margin Performance and Profitability

While the company achieved strong profit growth, operating margins faced some pressure during the quarter. Operating EBITDA stood at ₹193.00 crore with an EBITDA margin of 14.10%, compared to 15.70% in the previous quarter.

Adjusted net income, excluding one-time exceptional items related to new labour code provisions and acquisition costs, was ₹135.00 crore, translating to a net income margin of 9.90%.

Operational Metrics and Workforce

The company maintained operational stability with a total workforce strength of 12,580 employees at the end of the quarter. The last twelve months attrition rate stood at 15.80%, reflecting the competitive talent market in the technology sector.

Management Outlook and Strategic Direction

Warren Harris, Chief Executive Officer and Managing Director, expressed confidence about the company's trajectory, stating expectations for sequential revenue growth of over 10% in Q4. He highlighted the impact of structural changes including portfolio diversification, reduced concentration risk, and the ES-Tec acquisition in transforming the growth engine.

Uttam Gujrati, Chief Financial Officer, noted that ES-Tec integration remains on track and is already creating joint opportunities. He emphasized that margin headwinds from Q3 are expected to be behind the company, with expectations to return to and exceed the Q2 adjusted margin run-rate.

Market Performance

Shares of Tata Technologies ended at ₹650.40, gaining ₹3.75 or 0.58% on the BSE, reflecting investor confidence in the company's quarterly performance and future prospects.