|The largest and most respected Indian|
business congolmerate ..
|Cyrus Mistry, out-going Chmn|
|N. Chandrasekharan, incoming Chmn|
3. Net debt for the group rose from $23.4 billion in 2015 to $24.5 billion in 2016
4. In FY 16, performance of Tata Sons was lacklustre and not promising, even though it could have made great strides given the positive sentiment for the group in the Indian people's minds. Nine of the 27 listed cos. reported losses and earnings of 7 others dropped.
5. Only TCS and Jaguar Land Rover (JLR) have been consistent top performers, with JLR out performing all expectations ..
6. Tata's 2007 $12.5 billion acquisition of European steel Co. Corus, though looked very promising and far reaching then, it did not fetch good returns over the years as global steel prices fell with Chinese dumping of steel in global markets (extraneous reasons) ..
Cyrus did his best for Tata Sons. He was a great leader, and his strategy was to give more attention to the performing companies. Though it may be difficult to pinpoint Cyrus for the temporary decline in Tata fortunes, the intricate play between market dynamics, pricing and global demand may have acted against Cyrus' strategies. Time will tell whether Cyrus had great intentions for Tata and whether the buoyant market conditions acted against him in the short run.
|Chandra, the marathon runner ..|
|Thomas A Edison and his co.|
General Electric, 1890 ..
We only wish good for him. Heading the only $100 billion + conglomerate (the most respected and adored group) in the country, we want Tata Sons to grow still further under Chandrasekhar's leadership .. Chandra has been rewarded by the Tata Board for successfully guiding their biggest entity profitably and successfully. This elevation of Chandra is ample proof of the import of IT and hence TCS in the country's development in the coming years.
|Jamshedji Tata, the pioneer of the |
Tata family started a textile firm
The Tata group started by Jamshedji Tata in 1868, who moved away from their family profession of priesthood to business, by establishing a textile company in Mumbai will be celebrating its 150 th anniversary next year under a professional manager and leader with a global focus, ready to take on the world ..