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
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- FSSAI in process of collecting pan-India samples of Nestle's Cerelac baby cereals: CEO
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance
- A surprise visit: Tesla CEO Elon Musk heads to China after deferring India visit
- 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