Indian rupee fall pushes Tata group out of $100-bn club

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Indian rupee value against US dollar during fiscal 2012-13 resulted into Tata group recording a fall of over three pct in its USD dollar revenue during the year. (AP) Indian rupee value against US dollar during fiscal 2012-13 resulted into Tata group recording a fall of over three pct in its USD dollar revenue during the year. (AP)
SummaryTata group have over 100 operating cos, saw its total revenue rise by 10.8%.

in recent years. The group turnover had crossed Rs one lakh crore mark in 2006-07, while it stood at little below Rs 50,000 crore level in 2001-02.

The group is present in more than 80 nations and markets across Asia, Africa, America, Europe and Australia.

Tatas have made a number of high-profile takeovers abroad, including high-profile acquisitions like Jaguar and Land Rover in 2008 and Corus Steel in 2007, and made an offer last week to acquire US-listed Orient Express, which runs an iconic chain of hotels and luxury trains.

Among its key businesses, the group is present in IT, steel, automobile, power, hospitality, telecom, chemicals, consumer goods, retail, engineering and chemicals sectors. The group has announced its re-entry into aviation business and has also applied for a banking licence.

Out of its total headcount of 544,502 persons, communications and information systems business accounted for over three lakh employees or over 56 per cent of total employee strength, followed by about 15 per cent each in materials and engineering sectors.

Founded by Jamsetji Tata in 1868, the group saw a change of guard in December 2012 with Cyrus Mistry taking over as its Chairman from iconic industry leader Ratan Tata. Every Tata company or enterprise operates independently and each of these companies has its own board of directors and shareholders.

There are 32 publicly listed Tata companies with a combined shareholder base of nearly four million investors.

Some of the major Tata firms include Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels and many of these occupy leadership positions in their respective businesses.

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