Tata Technologies Ltd IPO

The company continues to derives a material portion of its revenues from the company top 5 clients by revenue generated in Fiscal 2022 ("Top 5 Clients") which include Tata Motors Limited (its Promoter) and certain of its subsidiaries (other than JLR) (collectively, "Tata Motors") and JLR (JLR and Tata Motors together, the "Anchor Clients"). If any or all of its Top 5 Clients were to suffer a deterioration of their business, cease doing business with it or substantially reduce their dealings with the company, its revenues could decline, which may have a material adverse effect on its business, results of operations, cash flows and financial condition.

The company revenues are highly dependent on clients concentrated in the automotive segment. An economic slowdown or factors affecting this segment may have an adverse effect on its business, financial condition and results of operations.

The company expect a significant amount of future revenue to come from new energy vehicle companies, many of whom may be startup companies. Uncertainties about their funding plans, future product roadmaps, ability to manage growth, creditworthiness and ownership changes may adversely affect its business, financial condition and results of operations.

The company's success depends in large part upon the strength of its skilled engineering professionals and management team. If the company fail to attract, retain, train and optimally utilize these personnel, its business may be unable to grow and the company revenue and profitability could decline. Further, increases in wages and other employee benefit expenses for such personnel could prevent its from sustaining the company competitive advantage.

Its pricing structures and scope of offerings may not accurately anticipate the cost and complexity of performing its work and if the company is unable to manage costs successfully, certain of its contracts could be or could become unprofitable.

The company may be subject to client and/or third-party claims of intellectual property infringement. Its may also be unsuccessful in protecting the company intellectual property rights. Unauthorized use of its intellectual property may result in the development of technology, products or services which compete with its services. Additionally, its may also be subject to client and/or third-party claims of intellectual property infringement.

The company may be liable to its clients for damages caused by system failures, disclosure of confidential information or data security breaches, which could also harm its reputation, damage its relationship with clients and cause it to lose clients.

The company has recently expanded its offerings in the Education business and if its unable to achieve the anticipated returns in such new growth areas, it could have a material adverse effect on its business, results of operations and financial condition.

For the company Products business its relies on vendors and partners for software, many of which are single-source or limitedsource suppliers. Such reliance or adverse change in its relationships could harm its business by adversely affecting availability, delivery, reliability, and cost.

The company conduct its business in various jurisdictions globally and may be unsuccessful in operating and expanding into new markets and face numerous legal and regulatory requirements while operating and expanding and violation of these regulations could harm its business.