Former Tata Tech CEO sells Rs 165 crore shares

Nifty23, 897.7024.25. Gold (MCX) (Rs/10g.)152, 815.00-2960.0.

Key points

• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• The shares were sold at an average cost of Rs 785 apiece, taking the aggregate value of the transaction to Rs 164.85 crore.
• McGoldrick, who propelled the Tata Group to establish the engineering services firm, was succeeded by Warren Harris in November 2017.
• McGoldrick offloaded 21 lakh shares in four tranches on Friday, representing a 0.51 per cent stake in the Pune-based global product engineering and digital services firm.
• Tata technologiesTata TechnologiesPatrick Raymon McGoldrickTata GroupICICI Prudential Mutual FundTata Motors.

Nifty23, 897.7024.25. Gold (MCX) (Rs/10g.)152, 815.00-2960.0. The Economic Times daily newspaper is available online now. Former Tata Technologies CEO McGoldrick sells shares worth Rs 165 crore. PTILast Updated: Sep 05, 2026, 02: 19: 00 PM IST.

Patrick McGoldrick, former Tata Technologies CEO, sold shares worth Rs 165 crore. He offloaded 21 lakh shares, reducing his stake to 0.62 percent. Mutual funds and asset management firms acquired these shares at Rs 785 each. Tata Technologies documented an 8 percent net profit rise for the March quarter. For context, the firm had a robust stock market debut in November 2023.

Patrick Raymon McGoldrick, former CEO and Managing Director of Tata Technologies, has pared his stake in the firm by selling shares worth almost Rs 165 crore through block deals on the BSE. McGoldrick offloaded 21 lakh shares in four tranches on Friday, representing a 0.51 per cent stake in the Pune-based global product engineering and digital services firm.

Meanwhile, the shares were sold at an average cost of Rs 785 apiece, taking the aggregate value of the transaction to Rs 164.85 crore. After the sale, McGoldrick's shareholding in Tata Technologies declined to 0.62 per cent from 1.13 per cent. McGoldrick retired as CEO and MD of Tata Technologies in September 2014 after serving 20 years with the firm. Live Events.

According to Patrick McGoldrick's LinkedIn profile, he is at present an Executive Director at RNT Associates International Pte Ltd, a Ratan Tata business that provides advisory services and invests in firms with breakthrough technologies and business models. McGoldrick, who propelled the Tata Group to establish the engineering services firm, was succeeded by Warren Harris in November 2017. The shares were acquired by ICICI Prudential Mutual Fund (MF), Kotak Mahindra MF, 360 One Asset Management, and Carnelian Asset Management & Advisors, with the buyers collectively picking up an equal number of shares at the same cost. Shares of Tata Technologies settled 0.59 per cent lower on Friday at Rs 799.85 apiece on the BSE. In practice, the transaction comes months after Tata Technologies documented an 8 per cent rise in consolidated net profit to Rs 204.17 crore for the March quarter, compared with Rs 188.87 crore in the year-ago period. Its consolidated revenue from operations rose to Rs 1, 572.22 crore during the fourth quarter from Rs 1, 285.65 crore a year earlier, according to a regulatory filing. For FY26, the company's consolidated net profit was at Rs 546.59 crore as compared to Rs 676.95 crore in FY25. Its consolidated revenue from operations in FY26 stood at Rs 5, 505.57 crore as against Rs 5, 168.45 crore in FY25, the firm stated. Tata Technologies, which created a blockbuster stock market debut in November 2023, making it Tata Group's first public offering in almost two decades, had listed at a massive premium and concluded its maiden trading session with gains of almost 163 per cent over its matter rate. Incorporated in 1994, the Tata Motors entity offers turnkey solutions to global original equipment manufacturers and their tier-I suppliers throughout the globe.

Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate. Tata technologiesTata TechnologiesPatrick Raymon McGoldrickTata GroupICICI Prudential Mutual FundTata Motors.

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Taken together, the developments around former Tata Tech CEO sells Rs 165 crore shares point to a situation that is still moving, and the coming days should bring more clarity.