Tata Elxsi Ltd
NSE: TATAELXSI BSE: 500408
₹3755
+38.20 (1.03%)
Fri, 06 Nov 2026, 09:59 pm
Market Cap (in Cr)23128.14
PE Ratio34.91
Dividend2.02
Technology Services
Information Technology Services
24.5KTata Elxsi Ltd Company History
1989
- Incorporated on March 30 as public limited company; obtains commencement certificate on May 5.
- Promoted as joint venture between Tata Industries Ltd. and Tata Elxsi (Plc.) Ltd., Singapore.
- Manufactures multi-processor based computer systems and components.
- Enters collaboration with TEPL for exclusive rights to manufacture and sell System 6400 in India.
1991
- 310 equity shares subscribed by signatories.
- 95,50,000 equity shares issued at par: reserved for Tata Industries associates and Tata Elxsi Singapore; balance for public and employees.
- Allots additional 14,32,500 shares for oversubscription.
- Issues 46,00,000 shares on conversion of debentures.
1993
- Sells and installs 32 systems; Silicon Graphics installs 24.
- Establishes Software Technology Park at Whitefield, Bangalore.
- Sets up 64 KBPs communication link to Internet in USA.
- Establishes marketing group for third-party hardware and software.
1995
- Issues 155,82,810 right equity shares at par in 1:1 proportion.
1996
- Operations visualised in distribution, value-added reselling, solutions from Silicon Graphics, and design services.
- Sells and installs 280 systems on Rupee terms and 282 directly billed by Silicon Graphics.
- Executes design projects in India and abroad; sets up software centre for Hitachi Ltd. at Bangalore.
- Issues 20,00,000 12.5% partly convertible debentures; additional 2,00,000 allotted.
- Issues 2,600 abeyance right shares.
2000
- ICRA upgrades credit rating of Rs 5-crore commercial paper from A1 to A1+.
- Launches Maya 3 software in India.
- Tata Sons acquires 14,00,000 equity shares from Tata Engineering & Locomotive Company.
2001
- Ties up with IBM as e-biz solution partner.
- S Devarajan resigns as managing director effective March 31.
- Launches MS degree in software engineering with BITS-Pilani.
- Mr. D S Pendse resigns from board effective June 1.
2002
- Appoints Madhukar Dev as CEO.
- Appointed as systems integrator for Apple in film, video and broadcast market.
- Ties up with Enterasys for network design and implementation services.
- Signs partnership with AMI-C for technology expertise in proof of concept vehicles.
- Appoints Prof. A Sadagopan as additional director.
2003
- TCS joint venture with HDFC makes TCS major shareholder.
- Mr. K M Chinnappa resigns from Directorship.
- Visual Computing Lab executes VFX for Bollywood film Boom.
- VCL creates CGI girl for film Boys song sequence.
- Opens sales and development centres at Frankfurt with Sasken and S2.
2005
- Unveils Chennai centre.
2006
- Showcases Multimedia, IPTV and DTV products at Booth C9849.
- Showcases semiconductor and embedded product design services at Booth 3017.
2007
- Showcases MobileTV on PDA using DVB-H stack on HP iPAQ.
2008
- Presents game services at Tokyo Game Show.
- Exhibits innovative products and packaging solutions.
2009
- Demonstrates competencies in Broadcast, Wireless, Automotive, Consumer Electronics and Semiconductors.
- Demonstrates Video streaming over WiMAX and LTE eNodeB reference design.
- Displays solutions in DTV, IP Set-top boxes, Mobile TV, ATE, H.264 HP Encoder and MHEG-5 & DVB-CI/CI+.
- Showcases Wireless competencies in infrastructure and mobile terminal solutions.
2010
- Leading third party software provider and systems integrator in wireless infrastructure market.
- Embedded product design arm of Tata Group.
2011
- Demonstrates design and engineering capabilities for Metro rail industry.
- Attends International Railway Equipment Exhibition (IREE).
- Organises connect D event on World Industrial Design Day.
- Offers product engineering expertise for base stations and wireless solutions.
- Offers engineering services and protocol software on semiconductor platforms.
2012
- Provides design and engineering services to Automotive, Aerospace, Marine and Rail verticals.
- Leading provider of protocol stacks for LTE and Mobile WiMAX.
2013
- Sets up business incubator.
- Wins Filmfare Best VFX Award for Dhoom 3.
- Recommends 50% dividend (Rs. 5 per share).
2014
- Works on Telecom & Networking products and solutions.
- Leverages digital signal processing for ADAS development.
- Appoints Dr. Gopichand Katragadda as Additional Director.
- Recommends 90% dividend (Rs. 9 per share).
- Appoints N. G. Subramaniam as Additional Director and Chairman.
2015
- Redefines design on World Industrial Design Day.
- Showcases futuristic automotive solutions at VDI-Eliv.
- Showcases innovations in Broadcast, IoT and Big Data Analytics.
- Launches ACTIV@TE at SCT College.
- Announces winner of 3rd IGNITE Design Contest on Wearable Technology.
- Joins Frog by Wyplay community.
- Showcases advanced automotive solutions at CES.
2016
- Showcases advanced automotive technology solutions at CES 2017.
2017
- Announces bonus share issue in 1:1 ratio.
- Panasonic India establishes R&D partnership.
- Wins iF Design Award 2017 for design excellence.
- Unity Technologies and Tata Elxsi launch Centre of Excellence.
- Partners with Irdeto for secure In-Car Display Systems.
- Ties up with DiSTI to make e-Cockpit Demonstrator.
- Signs strategic partnership with V-Nova.
2018
- Targets Indian pharma and medical devices sector with design tech expertise.
2019
- Partners with VR Motion for VR-based safe driver skilling.
- Validation Simulation Tool wins top honour at AutoSens Award.
- Announces focus on rail communication to de-risk business model.
- Launches ETSI NFV/OSM based MANO solution for operators.
- Certified as Widevine partner and System Integrator for Google Widevine CAS solutions.
- Demonstrates streaming services on Microsoft Azure at IBC.
2020
- Smart Assistive Wearable wins International iF Design Award.
- Opens engineering center for Schaeffler.
- Recognized as Premium Engineering Service Provider.
- Ranked among top 5 ADAS service providers.
- Establishes Artificial Intelligence Centre of Excellence.
- Launches Smart Parking technology.
2021
- Wins all three Product Award Categories for Engineering Service Providers.
- Recognized as Leader and specialized ER&D Service Provider in Zinnov Zones 2021.
- Partners with Green Hills Software for AUTOSAR-Compliant Platforms for Driver Monitoring Systems.
- Partners with DStv for digital transformation of ad media sales.
- Partners with Syntiant for Edge AI Solutions.
2022
- Partners with NITC for E-mobility research.
- Introduces solutions for driverless cars and connected vehicles.
- Partners with VodafoneZiggo to drive telco digitalisation.
- Collaborates with Lenovo to deliver smart XR solutions.
2023
- Partners with ATEME to enable fastest launch of FAST Services.
- ISRO awards Gaganyaan Mission mandate to deliver Crew Module Recovery Models.
- Wins three e4M India Design Excellence Awards: 1 Gold for Automotive and Transport, 2 Bronze for Retail Space Designing and Print & Published Media.
- Collaborates with IIT-Guwahati to foster EV technologies.
2024
- Wins two iF Design Awards.
- Suzuki and Tata Elxsi launch Offshore Development Center.
- NEURON wins Most Innovative Telecom Software Award at India Mobile Congress.
