Monday - Sep 25, 2017

India’s Tata group aims to get into the big league- and has a $35 billion global expansion plan to prove it


India’s Tata group aims to get into the big league- and has a $35 billion global expansion plan to prove it

The Tata Group, India’s largest conglomerate in terms of revenue, has recently unveiled their ambitious plans which will enable the group to become among the world’s leading businesses within the next 10 years.

In order to do so, Tata plan to invest around $35 billion within the next three years in a planned programme of multifaceted expansion which will see them move into new areas of business stretching from retailing defense contracting while at the same time consolidating and expanding their extensive global business empire.

The company own and operate more than 100 companies situated throughout the world with combined revenues in the region of $100 billion.

Behind the master plan is Cyrus Mistry, who only last year took over the role of chairman of Tata. Since he took the helm at the Group, Mistry has been keeping a really low profile obviously referring to take his time to get a feel for his massive responsibilities of controlling what is already a global business superpower.

However, in the last few days the new chairman unveiled his strategy for the group’s future direction and it is indeed ambitious. Mistry’s master plan for Tata which he has called ‘Vision 2025’ will see the company (a firm which has established eight years of business -defence and aerospace, retail, infrastructure and finance) drive growth in the group, whose current main sources of revenue is largely based on IT outsourcing, as well as steel production and car manufacturing.

Cyrus Mistry intended to follow fast in the footsteps of the Tata Groups previous chairman Ratan Tata, who, during his 11 year tenure, drove the company through a rich period of rapid international expansion, during which time he became India’s most global company thanks to a series of high-profile acquisitions, most prominently the British luxury car manufacturing group Jaguar Land Rover and the massive Anglo-Dutch steelmaker Corus.

Currently, around 60% of the Tata Groups revenues come from its international operations.

In recent years, the group has been seen to be struggling both to improve performance at a number of its flagship divisions, in particular, at Tata Steel’s European operations, as well as in their domestic car manufacturing and mobile telecoms businesses, much of which has been offset by the success of Jaguar Land Rover group and their IT division.

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