Are the revenues of the international companies that the Tata group has bought of late now bigger than the revenues of the companies based at home? It’s hard to say for sure, but this is likely after the Tata Motors purchase of Jaguar and Land Rover this week.
The Tata group’s website says that the group’s total revenues in 2006-07 were $28.8 billion. Now let’s add up the revenues of its three big global acquisitions. First, Corus. Its revenues for 2005 were around $22 billion at current exchange rates.
Second, Tetley. It accounts for around two-thirds of the Tata Tea group’s revenues of Rs4,045 crore in 2005-06, or around $650 million.
Third, Jaguar and Land Rover. The annual income statement of Ford Motor Co. says the 2006 revenues of its Premier Automotive Group were $30 billion. Mint reported on Thursday that $14 billion of this came from Jaguar and Land Rover.
Tata firms based abroad are collectively bigger than the domestic ones—a huge achievement for a group that was struggling 10 years ago.