Tata Technologies, a global leader in engineering services, outsourcing and product development, today announced it had completed a round of equity funding for Rs 141.06 crore ($30 million) from Alpha TC Holdings Pte Ltd and Tata Capital Growth Fund I.
The investment represents a 13.04% equity stake on a fully diluted basis, it said in a statement.
Alpha TC Holdings Pte Ltd and Tata Capital Growth I specialise in investing in mid-sized companies within India that are market segment leaders and demonstrate high growth potential, it said.
Tata Technologies Managing Director and CEO Patrick McGoldrick said, "With this investment, we will continue to aggressively grow our business and provide our customers with better, more innovative products."