Tata group looks to redefine profile

Tata group looks to redefine profile
Tata group looks to redefine profile
Mumbai: The Tata group, emerging from the clutches of a credit squeeze, has been investing for the future by pouring money into new businesses that could redefine its profile as these new-generation firms turn profitable.
Tata Sons Ltd, the holding company of the $65 billion (Rs3.13 trillion) group, infused about Rs2,755 crore into these initiatives in the fiscal year that ended in March, while it invested about Rs3,896 crore in the listed firms that have traditionally dominated the group such as Tata Motors Ltd, Tata Communications Ltd and Tata Steel Ltd. In the year, Tata Sons made a profit after tax of Rs3,054 crore, a decline of 19.2% from Rs3,780 crore in the year before.
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Graphics by Sandeep Bhatnagar / Mint