Tata Group to invest $35 bn in next 3 years

Tata Group, the Indian conglomerate is setting its goal to be among the world’s top 25 companies by 2025. Addressing the Tata Group’s annual leadership conference in Mumbai, chairman Cyrus Mistry unfolded Group’s future plans. As a part of broad strategy, the Group will invest $35 billion (INR  2.1 lakh crore) in next three years. For the year 2013-2014, Tata Group again crossed a total revenue of $100-billion.

While Group’s automobile company, Tata Motors is also planning a series of launches in next few months. Among them, Tata Motors will first launch its compact sedan Zest followed by the hatch Bolt. Booking of Tata Zest has already started and one can book the upcoming car by paying a booking amount of Rs 21,000. Both Zest and Bolt were showcased at the 2014 Delhi Auto Expo. Zest being a compact sedan will lock horns with segment leader Maruti Suzuki Swift DZire, Honda Amaze, and Hyundai Xcent. The car embraces company’s new design philosophy 'DESIGNEXT', connectivity features 'CONNEXTNEXT', and new driving experience with 'DriveNext'. Zest also houses segment-first 5-inch touchscreen infotainment system by Harman, F-Tronic Automated Manual Transmission (AMT) and multi mode driving system.

“The group has adopted a vision, to be achieved by 2025. 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,” a Tata Group spokesperson said. He further added, ‘’Towards fulfilling this vision, the group will be investing about $35 billion in the next 3 years.”

For the fiscal year 13-14, Tata Group’s total revenue grew by 18.5% to $103.27 billion (6,24,757 crore) while the employee count increased by 6.8% to 5,81,473 from 5,44,502 in 2012-13.

“It is correct that the Tata Group has outlined its strategy of nurturing 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.”With more than 100 operating companies in seven business sectors which includes IT, engineering, materials, services, energy and consumer products.