BULLISH: Tata Group chairman, Cyrus Mistry, (C), as company chief executive 
N. Chandrasekaran (L) and non-executive vice chairman S. Ramadorai (R) look on, 
addresses the 10th Annual General Meeting of Tata Consultancy Services in Mumbai on Friday. India's biggest IT outsourcing firm counts blue-chip companies such as British Airways, Microsoft and Sony among its main clients.
BULLISH: Tata Group chairman, Cyrus Mistry, (C), as company chief executive N. Chandrasekaran (L) and non-executive vice chairman S. Ramadorai (R) look on, addresses the 10th Annual General Meeting of Tata Consultancy Services in Mumbai on Friday. India's biggest IT outsourcing firm counts blue-chip companies such as British Airways, Microsoft and Sony among its main clients.

New Delhi :  Tata group will invest USD 35 billion in the next three years as part of its vision 2025 by when it expects to achieve market capitalisation comparable to the world’s top 25 companies.

Addressing the Tata group’s Annual Leadership Conference in Mumbai this evening, Tata group Chairman Cyrus Mistry laid out the road map for the diversified conglomerate, which saw its total revenue crossing the USD 100 billion mark again in 2013-14.

When contacted a Tata group spokesperson declined to share the details saying it was an internal event but confirmed three key points outlined as part of its strategy.

These include nurturing of group companies by leveraging the parenting advantage of the group centre; harnessing synergies to maximise the performance of companies and optimising its portfolio for sustained future performance.             “The Tata group’s Vision 2025 is: ’25 per cent of the world’s population will experience the Tata commitment to improving the quality of life of customers and communities. As a result, Tata will be amongst the 25 most admired corporate and employer brands globally, with a market capitalisation comparable to the 25 most valuable companies in the world,” the spokesperson said.        “Towards fulfilling this vision, the Tata group will be investing about USD 35 billion in the next 3 years,” the spokesperson added.

As part of the strategy, the group will nurture its companies by “building the reputation of the Tata brand globally, attracting and developing leaders of tomorrow, and improving the Tata Business Excellence Model (TBEM) process to strengthen performance discipline within the group”.

This strategy will also include support to companies, if required, to restructure their businesses which do not have the potential to meet performance and strategic criteria in the long term or benefit from parenting advantages.

To maximise synergies, the group is creating a special focus on four new clusters — Defence & Aerospace, Retail, Infrastructure, Finance.           The group centre will also focus on companies which are world class and, where necessary, facilitate creation of new companies. Tata group’s total revenue grew by 18.5 per cent in 2013-14 at Rs Rs 6,24,757 crore (USD 103.27 billion).

The group’s 32 listed companies had a market capitalisation of Rs 8,46,535 crore as on July 24, 2014 as compared to Rs 6,84,859 crore on March-end 2014 and Rs 5,18,716 crore on March-end 2013.

(To view our epaper please click here. For all the latest News, Mumbai, Entertainment, Cricket, Business and Featured News updates, visit Free Press Journal. Also, follow us on Twitter and Instagram and do like our Facebook page for continuous updates on the go)

Free Press Journal

www.freepressjournal.in