About Tata Elxsi Ltd

Tata Elxsi is amongst the world’s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global development centers and offices worldwide. Business segments Software Development & Services (SDS)(~97% of Q1FY25 rev.) The company provides end-to-end solutions across Transportation, Media & Communication, and Healthcare & Life Sciences. Their services cover everything from ideation to market introduction. Additionally, they assist customers in creating innovative products and experiences through consumer research, branding, and product design. Furthermore, their Embedded Product Design (EPD) services focus on technology consulting, new product design, development, and testing. Transportation : ~53% Media & Communications : ~33% Healthcare & medical devices : ~13% Others : ~1% System Integration & Support(SIS) (~3% of Q1FY25 rev.) The company specializes in integrating comprehensive systems and solutions for specific applications, including Experience Centers, Training & Safety, and Design Visualization. Additionally, they offer services related to DevOps Security, Cloud Managed Services, Migration, and Network Security. Geographical Split Q1FY25 Europe : ~42% Americas : ~34% India : ~18% RoW : ~6% Onsite/Offsite Mix Q1FY25 Onsite : ~27% Offsite : ~73% Client Concentration Revenue concentration from top 10 clients increased from 55.9% in Q4FY24 to 58% in Q1FY25, from Top 5 clients revenue contribution was 47.2% IN Q1FY25. Compnay is focused on their top 20 customers to drive their growth. Key Deals Q1FY25 1. Company won multiple multi million US$ deals to support Software Development, Advanced Simulation and Digital Twin programs.