Tata Technologies India Ltd announced an employee stock option plan (ESOP) and offered options for up to 10 per cent of its subscribed equity for its 1,100 employees here on Wednesday.

It has also announced the preferential issue of its equity to all the employees, Tata Technologies said in a release.

"We have always believed that our people are our greatest assets and are keen that they should participate as co-owners and enhance and consolidate the company's position at high end of engineering automation, enterprise solutions and e-commerce marketplace," Tata Group chairman Ratan Tata said.

Since 1997, when Tata Technologies India was spun-off as a separate entity, its revenue combined with those of Tata Technologies companies operating abroad had increased by five times to $24 million in 2000 from $4.8 million, the release said.

Tata Technologies is a global front runner in high-end consulting, application implementation and software development services for domestic as well as international majors in the automobile industry.

The company's clients include General Motors, Ford, Fiat, DaimlerChrysler, Boeing, Rolls Royce, Oracle, Tata Engineering, Bajaj Auto, Lucas TVS and VSNL.