Tata’s vision 2025 takes shape
Tata group expects to achieve market capitalisation comparable to the world’s top 25 companies. And in order to achieve that the group has decided to invest USD 35 billion in the next three years as a part of its vision 2025. Tata group Chairman Cyrus Mistry mentioned about this while addressing the Tata group’s Annual Leadership Conference in Mumbai.
Mistry also laid out the road map for the company which saw its total revenue crossing the USD 100 billion mark again in 2013-14. These include the 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. Since this diversified conglomerate is well respected in the business world, Mistry feels that achieving this will not be a very difficult task.
The Tata group’s Vision 2025 is: ‘’25 % of the world’s population will experience the Tata commitment to improving the quality of life of customers and communities.’’ Mistry specified that the company’s vision is that Tata will be amongst the 25 most admired corporate and employer brands globally.
To maximise synergies, the group is creating a special focus on four new clusters – Defence & Aerospace, Retail, Infrastructure and Finance. Tata group’s total revenue grew by 18.5 % in 2013-14 at Rs 6, 24,757 crore (USD 103.27 billion).
The group that has over 100 operating companies in seven business sectors – communications and information technology, engineering, materials, services, energy, consumer products and chemicals – had posted total revenue of Rs 5,27,047crore (USD 96.79 billion) in the previous fiscal.
Source- The Financial Express
communications and information technology, consumer products, Defence & Aerospace, Energy, Engineering, Infrastructure and Finance, materials, Retail, Services, Tata Group, Tata group Chairman Cyrus Mistry
