NSEPress Release27 Jul 2026 · 27 Jul 2026, 12:02 pm
Press Release
Tata Elxsi Limited · TATAELXSI
✦ AI Summary▲ PositiveJoint Venture
Tata Elxsi Limited has formed a strategic partnership with Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST) to accelerate healthcare innovation and medical technology development.
Analysis Scores
Earnings Impact2/10
Growth Catalyst8/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
✦ Ask a Question
Ask anything about this announcement — AI will answer based on the filing content.
Full Announcement
Tata Elxsi Limited has informed the Exchange regarding a press release dated July 27, 2026, titled "SCTIMST and Tata Elxsi Forge Strategic Partnership to Accelerate Healthcare Innovation and Medical Technology Development".
Attachments (1)
📄pdf
Download →
TELNSE_27072026120234_PressRelease_27072026.pdf
View document text
July 27, 2026
BSE Limited National Stock Exchange of India Limited
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C-1, Block G
Dalal Street Bandra – Kurla Complex Bandra (East)
Mumbai – 400 001 Mumbai – 400 051
Scrip Code: 500408 NSE Symbol: TATAELXSI
Dear Sirs/Madam,
Sub: Press Release - “SCTIMST and Tata Elxsi Forge Strategic Partnership to Accelerate Healthcare
Innovation and Medical Technology Development”
Please find enclosed the Press Release dated July 27, 2026, titled “SCTIMST and Tata Elxsi Forge Strategic
Partnership to Accelerate Healthcare Innovation and Medical Technology Development”.
This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015.
The aforesaid disclosure will also be made available on the Company’s website at www.tataelxsi.com.
This is for your information and records.
Yours faithfully,
For Tata Elxsi Limited
Sneha V
Company Secretary & Compliance Officer
Encl.: As above
SCTIMST and Tata Elxsi Forge Strategic Partnership to Accelerate Healthcare
Innovation and Medical Technology Development
Partnership brings together clinical expertise, biomedical research, and advanced engineering
capabilities to enable next-generation healthcare solutions for India and global markets
Bengaluru, India, July 27, 2026 – Sree Chitra Tirunal Institute for Medical Sciences and Technology
(SCTIMST), Thiruvananthapuram, an Institution of National Importance under the Department of
Science and Technology (DST), Government of India, has signed a Memorandum of Understanding
(MoU) with Tata Elxsi, a global leader in design and technology services, to collaborate on the
development of next-generation healthcare solutions.
The MoU was signed at SCTIMST, Thiruvananthapuram, in the presence of senior leaders from both
organisations, including Dr. Sanjay Behari, Director, SCTIMST, and Manoj Raghavan, CEO & Managing
Director, Tata Elxsi, along with members of the healthcare, research, and technology leadership
teams from both institutions.
The collaboration combines SCTIMST's strengths in cardiovascular sciences, neurosciences,
biotechnology, and clinical sciences with Tata Elxsi's expertise in product engineering, design, AI, and
digital technologies. Together, the organisations will address opportunities across diagnostics,
medical imaging, digital health, biomedical engineering, medical devices, and related healthcare
technologies for India and global markets.
Unlike traditional industry-academia engagements, the partnership creates an extended innovation
and engineering environment for Tata Elxsi, its customers, and healthcare partners. It brings
together clinicians, specialist researchers, advanced laboratories, prototyping infrastructure, and
product engineering capabilities within a single collaborative ecosystem. This will enable MedTech
companies to develop, validate, and scale new products more efficiently. The partnership also
strengthens capabilities in biocompatibility, toxicology, and other areas.
The MoU establishes a framework for joint research, academic engagement, technology
development initiatives, and intellectual property creation through project-specific collaborations.
Initial efforts are expected to focus on identifying a select set of high-potential opportunities for
collaborative development.
Sreevatsa Sahasranaman, Senior Vice President and Head, Healthcare and Life Sciences, Tata Elxsi,
said, “Healthcare innovation increasingly depends on closer collaboration between clinicians,
scientists, and engineering teams. Our partnership with SCTIMST brings together complementary
strengths across healthcare, technology, and product development to help address evolving
healthcare needs. Recognised for its strong research and innovation capabilities, SCTIMST adds
significant depth to this collaboration. We believe this partnership will help bring India-led innovation
to global healthcare markets."
About SCTIMST
Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), Thiruvananthapuram, is
an Institution of National Importance under the Department of Science and Technology (DST),
Government of India.
As one of India's leading healthcare technology institutions, SCTIMST brings together a unique
ecosystem comprising a Super Specialty Hospital, Biomedical Technology Wing, and Achutha Menon
Centre for Health Science Studies. The institute is recognised for its contributions to healthcare
technology development and its expertise in cardiovascular sciences, neurosciences, biotechnology,
and public health.
About Tata Elxsi
Tata Elxsi is a global design and technology services company headquartered in Bangalore. It
addresses the healthcare, automotive, media & telecom, consumer electronics industries. This is
supported by a network of design studios, development centers, and offices worldwide.
Tata Elxsi's Healthcare and Life Sciences practice is ISO 13485 certified and works with leading
medical device manufacturers, pharmaceutical and biotechnology companies, healthcare providers,
and digital health innovators worldwide. With capabilities spanning product engineering, design,
regulatory compliance, software development, AI, cloud, and data technologies, Tata Elxsi supports
customers across the product and innovation lifecycle, from concept and clinical development to
commercialization and lifecycle management.
For more information, visit Tata Elxsi's Healthcare and Life Sciences.
Media Contact
Hari Balan / Ayushi Moudgil
Corporate Communications
Email: media@tataelxsi.com