Today, Cyrus Mistry completes three years at the helm of the Tata Group. Mistry and the group have had their fair share of challenges to deal with during this time. At a group level, the market cap of all listed Tata group entities has seen a strong 56% run-up and has beaten the market increase seen by the BSE 500. But the performance of individual group companies has diverged. While Tata Consultancy Services Ltd has been an outperformer, Tata Steel Ltd and Tata Motors Ltd have struggled with weakness in the domestic and overseas markets respectively. Some of the group firms also have high levels of debt and have been trying to reduce that.
At the group level, too, consolidated debt has increased. Meanwhile, like every other business house, the Tatas are trying to keep pace with changing business models and emerging new business opportunities. The group is said to be close to launching its e-commerce business, according to a 10 December ‘Bloomberg’ report. The over $100 billion Tata Group will soon have an analytics arm to help its more than 100 independent operating firms make sense of all the data they generate in industries ranging from salt and tea to software and telecom. Here is a summary of key financial and market indicators for the Tata Group over the last three years under the leadership of Cyrus Mistry.