Established in: 1989
Managing Director: Manoj Raghavan
Tata Elxsi Limited is an Engineering Research and Development services company incorporated on March 30, 1989, headquartered in Bengaluru, India. It is a global design and technology services leader for the automotive, media, communications, and healthcare sectors.
Tata Elxsi’s business model is beyond a typical IT services because of its Design-Digital approach. They don’t just write code or build hardware; it helps clients innovate their products, combining customer research, industrial design, embedded software and artificial intelligence into a single integrated offering.
The Tata Elxsi is actually an engineering brain behind many daily-use products, like your car’s infotainment systems, the streaming app on your smart TV or the diagnostics equipment which doctor uses.
The company has a global footprint and has a presence in the UK, the USA, Germany, France, Japan, Ireland, the Netherlands, South Africa, Canada, Spain, UAE, Poland, Italy and Romania. With around 12,400+ employees, it serves various clients ranging from Fortune 500 automotive companies to healthcare startups.
History of Tata Elxsi
The name “Elxsi” came from a Silicon Valley minicomputer company founded in 1979, one of the earliest tech startups co-founded by an Indian. The Tata Group showed interest in the evolving technology sector and invested in it. Later, in 1989, the original Elxsi Corporation exited the computer hardware business, and Tata Group retained the brand.
Later, India-based Tata Elxsi Limited was incorporated in Bangalore, India, to push the high-tech fields like embedded systems, communication and engineering services.
Over the years, the company evolved from a niche design shop into a full-spectrum engineering R&D services company.
Business Segment
The whole company actually runs in two business segments:
1. Software Development and Services: This segment contributes 97% of the revenues. It covers everything from product concept and design to embedded software development, system validation and development support.
The key verticals of this segment are transportation, media and communications, and healthcare and life sciences.
2. System Integration and Support: This segment offers technical computing solutions, high-end platforms, networking, and enterprise storage that caters institutional clients.
Business Verticals
The company has three major business verticals - automotive, broadcast & communication and healthcare.
Automotive: Tata Elxsi specialises in advanced driver-assistance systems, autonomous driving, electrification and connected car solutions. It has innovative platforms and solutions like TETHER - The Connected Vehicle Platform, TECockpit - The Integrated Cockpit solution and Autom@TE - The Test Automation Suite.
Broadcast and Communication: Its expertise in media engineering includes broadcast automation, content management and over-the-top (OTT) services. Tata Elxsi offers advanced technologies such as the Falcon Eye monitoring and analysis system and a media OTT solution tailored for internet content delivery. Its services extend to communication engineering, covering wireless protocols, signal processing and network architecture.
Healthcare: The company offers various tech solutions for diagnostics, therapeutics and patient monitoring services. Tata Elxsi has a successful digital health platform, which includes services such as TEngage, the comprehensive omnicare solution, TEcare, a digital therapeutics solution, and TEmpower, a patient assistance programme solution.
Tata Elxsi also provides outcome-driven regulatory compliance services and an Agile-based framework for technical documentation remediation.
Tata Elxsi’s customers include many big brands Ford, Jaguar Land Rover, Nissan, Mahindra & Mahindra, Motorola, Comcast, Panasonic, Echostar, Broadcom and Qualcomm. The company also has partnerships with industry leaders like Apple, Google and Microsoft.
Tata Elxsi’s AI-Powered Products and Platforms
The company is actively working to integrate artificial intelligence to serve its client offerings and its internal engineering processes. Below are the brief details of the company’s AI-powered products and services.
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AIVA: It’s an AI-based video analytics platform that automates video tagging, object detection, content indexing and metadata generation for media clients.
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uLike: An AI-powered content recommendation engine that keeps viewers engaged on OTT platforms.
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NEURON: It’s an autonomous network platform that enables telco operators to progress towards Zero-Touch Automation.
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AI-Powered Diagnostics: AI-driven solutions for diagnostics and therapy. Combining the medical domain knowledge with machine learning.
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ORCA Quadcopter and Autonomous UAVs: The company’s aerospace ambitions are AI-driven, with autonomous UAV platforms developed for defence and civil applications.
Tata Elxsi Limited Financial Performance (FY25 vs FY24)
Revenue: Tata Elxsi Limited reported a consolidated revenue of ₹3,729 crore in FY25 vs ₹3,552 crore in FY24. It showed an increase of 4.98% on a yearly basis, reflecting decent growth.
Operating Profit: The company reported an operating profit of ₹974 crore in FY25 vs ₹1,047 crore in FY24. It showed a decrease of -6.97% on a year-on-year basis, indicating the company's operating profit is under pressure.
Net Profit: It reported a net profit of ₹1,028 crore in FY25 compared to ₹1,049 crore in FY24. It showed a decline of -2% on a yearly basis, indicating a mild negative performance.
Tata Elxsi Financial Highlights
- Revenue: Tata Elxsi reported revenue of ₹852.75 crore in FY15 vs ₹787.33 crore in FY14. It showed an increase of 8.31% on a yearly basis.
- Operating Profit: Tata Elxsi reported an operating profit of ₹155.12 crore in FY15 vs ₹112.19 crore in FY14. It showed an increase of 38.27% on a year-on-year basis.
- Net Profit: Tata Elxsi reported a net profit of ₹102.02 crore in FY15 vs ₹72.26 crore in FY14. It showed an increase of 41.18% on a yearly basis.
Tata Elxsi Quarterly Result Highlights
- Tata Elxsi reported revenue of ₹230.77 crore in Mar 2015, compared with ₹221.82 crore in Dec 2014, representing an increase of 4.03% on a quarter-on-quarter (QoQ) basis.
- Tata Elxsi reported an operating profit of ₹45.48 crore in Mar 2015, compared with ₹43.49 crore in Dec 2014, representing an increase of 4.58% on a quarter-on-quarter (QoQ) basis.
- Tata Elxsi reported a profit of ₹29.83 crore in Mar 2015, compared with ₹27.76 crore in Dec 2014, reflecting an increase of 7.46% on a QoQ basis.
- The earnings per share (EPS) of Tata Elxsi stood at ₹32.76 during Mar 2015.
