press releases

Tata AutoComp signs a MoU with BITS, Pilani

- Aims to offer avenues of higher education to its employees -

11 August 2011

Pune, August 11, 2011: Tata AutoComp Systems Limited
(Tata AutoComp),
a leading auto-component conglomerate has signed a Memorandum of Understanding (MoU) with the Birla Institute of Technology and Science, Pilani to run an Engineering course for its employees. The course would be offered to all the employees who are Diploma Engineers and wish to gain a degree in engineering.

Speaking on the occasion, Mr. R S Thakur, MD & CEO of Tata AutoComp Systems Limited said, “Tata AutoComp is investing heavily in growing its own talent. We firmly believe that if we can enrich our employees, we would have sown the seeds of building a strong organization.”

Adding to this, Mr. Gajendra Chandel, President Human Resource said, “Tata AutoComp has always been at the forefront of coming up with innovative schemes which offer its employees avenues to enrich their knowledge. Last year we had launched a unique “Earn and Learn scheme” which aimed at providing technical education to 12th pass students, while they could earn a livelihood. We have observed that in many cases, the students wish to pursue higher education, but circumstances force them to take up employment. We are offering our employees avenues by which they can fulfil this need. This MOU is one more step taken in that direction. In the coming future we intend to launch similar schemes, all aimed at offering our diverse workforce avenues to gain higher education.”

The MoU was signed by Mr. R S Thakur and Mr. Prasad, Director of BITS, Pilani. Reflecting on this MoU, Mr. Prasad said, “So far we have been training young students on our campus. This is the first time that we would be training a young and energetic workforce, which has had hands-on work experience. This will be an interesting experience for us too as we would get to validate what we teach in our classrooms. It is a win-win situation for both and I wish many more corporate come forward and emulate this example.”

About Tata AutoComp Systems Limited
Tata AutoComp Systems Limited (Tata AutoComp), promoted by the Tata Group, provides products and services to the Indian and Global automotive OEMs as well as Tier 1 suppliers. Its clients include Ashok Leyland, BMW, Fiat, Force Motors, Ford Motors India, General Motors India, Honda, John Deer, Mahindra & Mahindra, Mahindra-Navistar, Man, Mercedes-Benz, Nissan, Piaggio, Renault, Tata Motors, Toyota Kirloskar Motors Limited, Volkswagen and Volvo-Eicher. Tata AutoComp has own capabilities in Automotive Interior & Exterior Plastics, Composites, Sheet Metal Stampings as well as Engineering and Supply Chain. Tata AutoComp has 6 joint ventures in partnership with leading companies from the Global Auto Component Industry and has 48 manufacturing facilities spread across India including one in China.

About BITS, Pilani
The Birla Institute of Technology & Science (BITS), Pilani is an all-India Institute for higher education. The primary motive of BITS is to "train young men and women able and eager to create and put into action such ideas, methods, techniques and information". What started in early 1900s as a small school, blossomed into a set of colleges for higher education, ranging from the Humanities to Engineering until 1964 when all these colleges amalgamated to culminate into a unique Indian University of International standing. This university was christened as the Birla Institute of Technology and Science, Pilani, known to many as BITS, Pilani.

Over the years, BITS has provided the highest quality technical education to students from all over India admitted on the basis of merit. Its graduates may be found throughout the world in all areas of engineering, science and commerce. BITS symbolizes the maturing of Indian technical ability and "can-do" entrepreneurial spirit, especially as derived from the private sector. BITS is located in the Vidya Vihar campus adjacent to the town of Pilani in Rajasthan.

Tata AutoComp Systems Ltd is proposing, subject to market conditions and other considerations, to make a public issue of securities and has filed a Draft Red Herring Prospectus ("DRHP") with the Securities and Exchange Board of India ("SEBI"). The DRHP is available on the website of SEBI at www.sebi.gov.in and the respective websites of the Lead Managers at www.jmfinancial.in, www.tatacapital.com and www.jpmipl.com. Investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see 'Risk Factors' in the DRHP".

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