Hidden jewels get a polish at Tata group

Four smaller firms in the infra & technology space on course to more than treble their revenue to Rs 24,000 cr in four years

They are the pygmies in the Tata group, which has over 100 operating companies in seven business sectors. And, conventional wisdom suggests these should remain on the back burner at a conglomerate facing huge sales and profit growth challenges in some of its largest businesses.

But Chairman Cyrus Mistry has different ideas. Apart from the focus on the three big companies, which account for over 70 per cent of the group’s combined sales, Mistry has decided to polish some of his group’s hidden gems as well. So, the group has decided to increase its focus on some of the less-known companies, such as Tata Projects, Tata Housing, Tata Technologies and Tata Elxsi.

These four, from the infrastructure and technology space, are expected to more than treble their revenue to Rs 24,000 crore in four years – from around Rs 7,400 crore last financial year.

Click Here for the detailed story

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.