The officer Ratnesh Raj is a manager of Equipment Maintenance Services of Tata Steel.
Following the incident late last night, Raj was rushed to Tata Motors Hospital, where he was admitted in ICU, the police said.
He was shot when he came out of his car and was going towards an apartment to meet his friend, sources said.
"The police have recovered three empty cartridges from the spot. No arrests have been made as yet but raids were being conducted to apprehend the culprits," Superintendent of Police (City) Karthik S said.