Mumbai, Sept. 14 -- Tata Technologies Ltd, the engineering research and development (ER&D) unit of the Tata Group specializing in automotive industry, has set itself a lofty target to reach $1 billion in revenue by FY28 while also improving its margins.

The company had a revenue of $611 million in FY25, with a net profit margin of 13.1%.

If successful, the move could help the company reverse investor disappointment amid a more than 40% decline in stock price since listing in December 2023. But to do so, it will have to pull off a near miracle by information technology (IT) services industry standards -bid aggressively for projects to win more business while also somehow cutting costs to improve margins.

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