Tata Electronics throws more money behind iPhones

In the fiscal year ending March 2026, Tata Electronics significantly bolstered its support for Apple's iPhone manufacturing and semiconductor ventures. The electronics manufacturing arm of the Tata Group extended ₹61,280 crore in corporate guarantees and ₹1,017 crore in fresh inter-corporate loans, according to recent regulatory filings.

Additionally, equity investments surged to ₹3,727 crore by March 2026, marking a more than threefold increase. Investment in Tata Semiconductor Manufacturing grew from ₹0 to ₹1,501 crore, while Tata Semiconductor Assembly & Test saw a substantial jump from ₹50 crore to ₹954 crore. Total equity investment in subsidiaries reached approximately ₹1,200 crore in FY25.

Despite these investments, Tata Electronics' own gross debt rose by 71% to ₹11,718 crore during the same period. The company still received ₹3,000 crore in fresh equity from its parent, Tata Sons, in September and March. Six years after its inception, Tata Electronics has become the group's flagship electronics manufacturer, producing around 12% of Apple's global manufacturing output.

On a consolidated basis, the company's operating income nearly doubled, reaching ₹1,29,902 crore in FY26, while its net loss widened to ₹1,611 crore from ₹70 crore the previous year. Standalone, operating income more than tripled to ₹4,015 crore, while net loss narrowed to ₹773 crore.