Tata Sons Chairman N Chandrasekaran will present his five-year vision plan for the group’s larger listed companies on Tuesday in London.
NSE
The vision presentation, the first by Chandrasekaran, is likely to focus on Bharti Airtel-Tata Teleservices merger, possible returns for Tata Steel from Bhushan acquisition, ongoing investigation into AirAsia, The Economic Times reported on Monday.
Chandrasekaran is the 8th chairman of Tata Sons, the holding company and promoter of more than 100 Tata operating companies.
Chandra, who took over the chairman position in February last year, is a computer engineer who joined Tata Consultancy Services (TCS) in 1987 and became its CEO in 2009.
Here is how the Tata Group looks like under N Chandrashekaran’s leadership:
The market capitalisation of all Tata-listed companies has soared by over Rs 1 lakh crore since he took over. TCS alone constitutes more than 60 percent of the combined market capitalisation of the group. The software maker recently crossed $100 billion market capitalisation, becoming the first listed Indian IT company to touch that milestone.
Chandrasekaran has revamped Tata Motor’s domestic operations and divested Tata Steel’s cash-burning European operations. As a result, Tata Steel is black in black, and Tata Motors has also shown tremendous improvement in its top-line and bottom-line both.
Tata Motors’ recent launch - Tata Tiago was the tenth largest-selling car in India, last month.
The consumer segment company of the group - Titan Company was also among the top performers in the Tata group. Its sales were up 24 percent in 2017-18, and net profit increased 53 percent during the same period.
First Published:Jun 26, 2018 12:12 PM IST