Tata group to collaborate with its 100-plus group companies
The Tata Group has put in place a centralized platform to collaborate and tap synergies across its 100-plus group companies to boost growth and save on costs. Tata Sons, the apex investment holding company of the tea-to-telecom conglomerate, has set up “clusters” and “enablers” to leverage on group companies’ resources, strength and expertise to maximize the group’s overall performance.
While clusters focus on businesses with strong future growth potential like retail, finance, infrastructure and defence & aerospace, enablers focus on specific domains like diversity, customer insight, internationalization and rural markets. The brainchild of group chairman Cyrus Mistry, it is the first time that the 146-year-old business house has institutionalised its capabilities and competencies and has put it up on a single platform, a top Tata Sons executive said.
The retail cluster under Harish Bhat will have group companies such as Trent, operator of Westside stores, Croma electronic chain and watch-to-jewellery maker Titan coming together to maximise synergies. Likewise eight companies including Tata Housing Development, Tata Projects and Tata Realty will be under the infrastructure cluster and will co-ordinate more closely to execute big ticket projects.
Source: The Economic Times
