News Room Details
Mumbai, January 24, 2025
Tata Electronics announces acquisition of majority stake in Pegatron Technology India
Mumbai, 24 January 2025: Tata Electronics Private Limited (“TEPL”), a pioneer in India's electronics manufacturing sector, has announced the acquisition of a controlling 60% stake in Pegatron Technology India Private Limited (“PTI”). This follows Tata Electronics’ acquisition of Wistron’s India operations (based in Narsapura, Karnataka) less than a year ago in March 2024, furthering Tata Sons’ Chairman, N Chandrasekaran’s vision of significant investments by the Tata Group in electronics manufacturing.
As part of this deal, in addition to acquiring a majority stake in PTI, TEPL and PTI will work on integrating their teams to work seamlessly. PTI will undergo rebranding to reflect its new ownership structure and business direction while continuing to deliver high-quality electronics manufacturing services. This acquisition solidifies TEPL’s position as a key player in the Indian electronics manufacturing sector.
Commenting on this important milestone, Dr Randhir Thakur, CEO & MD of Tata Electronics, said, "The acquisition of a majority stake in Pegatron Technology India Private Limited fits into Tata Electronics’ strategy of growing our manufacturing footprint. We look forward to a new era of AI, digital, and technology-led manufacturing as we bring up these new facilities and expand our operations in India."
About Tata Electronics Private Limited
Tata Electronics Pvt. Ltd. is a prominent global player in the electronics manufacturing industry, with fast-emerging capabilities in Electronics Manufacturing Services, Semiconductor Assembly & Test, Semiconductor Foundry, and Design Services. Established in 2020 as a greenfield venture of the Tata Group, the company aims to serve global customers through integrated offerings across a trusted electronics and semiconductor value chain. With a rapidly growing workforce, the company currently employs over 50,000 people and has significant operations in Gujarat, Assam, Tamil Nadu, and Karnataka. Tata Electronics is committed to creating a socio-economic footprint by employing a large number of women in its workforce and actively supporting local communities through initiatives in healthcare, hygiene, and education.
For media inquiries, please reach out to:
Pooja Dhar
+91 82919 41417
pooja.dhar@tataelectronics.co.in
