Tata group to invest over Rs 45,000 cr, expand globally: Cyrus Mistry
Tata group comprises of over 100 companies in businesses including technology, communications, engineering, energy, consumer products and chemicals. It has operations in more than 80 countries across six continents.
Its total revenue stood at USD 100.09 billion (around Rs 475,721 crore) in 2011-12 with 58 per cent of this coming from businesses abroad.
Talking about the current economic scenario, Mistry said that each of the Tata group companies need to play leadership roles in their respective businesses.
"There is currently much debate about the future of free markets across the world, particularly in the wake of the global financial crisis. At such a time, l believe our businesses must play a leadership role in strengthening the positive feedback loop between markets and the institutions that govern their operation," he said.
Mistry also called for a need to carry along all the key stakeholders, including employees, shareholders, suppliers, lenders, partners, communities and the governments, in taking forward the group's onward journey.
"After all, ultimately our very purpose is long-term stakeholder value creation. In this pursuit of global excellence, we must stay true to our tenets, our traditions and our heritage," he said.
Mistry also promised going beyond "regulatory" requirements for steps to be taken for the benefit of environment and corporate social responsibilities.
"As with any of our businesses, we will leverage our managerial capabilities to ensure we