The reality of Tata Group – Few companies making money, others less so
Advertisement
Advertisement
Tata Group Chairman Cyrus Mistry wants to groom more industry leaders within the group who can drive profitability for the respective The gains of Tata Sons trebled to Rs 9,062 crore in FY15. However, the total profit grew a mere 5% to Rs 19,180 Crores. This reflects the dividend income of
Overseas revenue constituted 68% of the profits. The sluggish growth is mainly due to the slack performance of some of its subsidiaries. Even as TCS posted 3.6% growth in net profit for FY15, Tata Motors posted no growth and Tata Steel actually incurred a loss of Rs 3,925 Crores.
The truth is that while the Tata Group owns over 100 companies, the group receives most of its profit from two companies. Of the top 10 most profitable companies, TCS and Tata Motors account for over 90% share.
"We do not comment on the financials of Tata Sons," a group spokesperson said.
Advertisement
Image credit: Indiatimes
Advertisement
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- An Ambani disruption in OTT: At just ₹1 per day, you can now enjoy ad-free content on JioCinema
- IMD predicts severe heatwave conditions over East, South Peninsular India for next five days
- COVID lockdown-related school disruptions will continue to worsen students’ exam results into the 2030s: study
- India legend Yuvraj Singh named ICC Men's T20 World Cup 2024 ambassador
- Maruti Suzuki Q4 net profit rises 47.8% to ₹3,877.8 crore
- 10 Incredible destinations for backpackers in India
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market