Tata Group is set to record the highest growth in its history, with both unlisted and listed entities growing upwards of 20%. Importantly, both traditional and new businesses have lined up large capex plans. Traditional businesses will fund their own growth through internal accruals.
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Group companies are reaping the benefits of focus and scale with well-capitalised balance sheets, recording the highest-ever growth and also funding growth through internal accruals and good cash flows. Holding company Tata Sons chairman N Chandrasekaran spoke to Kala Vijayraghavan and Bodhisatva Ganguli on plans for new growth businesses such as Air India, Tata Neu super app, batteries, Tata Electronics and 5G.
About TATA Sons:
The Tata group companies include 29 publicly-listed corporations with a combined market capitalization that exceeded US $120 billion at the start of 2017.
About N. Chandrasekaran:
Natarajan Chandrasekaran is Chairman of the Board of Tata Sons, the holding company and promoter of more than 100 Tata operating companies with aggregate annual revenues of more than US $100 billion. He joined the Board of Tata Sons in October 2016 and was appointed Chairman in January 2017.
His appointment as Chairman followed a 30-year business career at TCS, which he joined from university. Chandra rose through the ranks at TCS to become CEO and Managing Director of the leading global IT solution and consulting firm.