1 day Ago
Tata Electronics , Air India and Tata Digital , which are in the building-up phase, will gain in scale and turn into financially strong businesses over next three years, Tata Sons chairman N Chandrasekaran said in an interview. They are expected to be among Tata Group 's top 10 businesses in next three years, he added. "Our group's future growth bets are woven along the country's growth ambitions," said Chandrasekaran, 61, who took charge as Tata Sons chairman in February 2017 and got another five-year term at the helm in 2022.
FY24 was a "great year" for the group he said, with aggregate revenue rising 13% while profit surged over 50%. Revenue exceeded $165 billion and net profit was more than $13.5 billion.
Importantly, the group's net debt remained stable, he said. The biggest investments have gone into Tata Electronics, Tata Digital, Air India and battery manufacturing . Investment committed across businesses, estimated at $90 billion currently, will exceed $120 billion in the next five years, he said.
Total investments in Tata Electronics will exceed $18 billion in the next few years. "Tata Group has done in three years what would otherwise typically take 10 years in the electronics sector-that is the pace at which we are moving," he said. Artificial Intelligence(AI) Java Programming with ChatGPT: Learn using Generative AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Basics of Generative AI : Unveiling Tomorrow's Innovations By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Generative AI for Dynamic Java Web Applications with ChatGPT By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Mastering C++ Fundamentals with Generative AI: A Hands-On By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Artificial Intelligence(AI) Master in Python Language Quickly Using the ChatGPT Open AI By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Zero to Hero in Microsoft Excel: Complete Excel guide 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Astrology Vastu Shastra Course By - Sachenkumar Rai, Vastu Shashtri View Program Data Science SQL for Data Science along with Data Analytics and Data Visualization By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Web Development A Comprehensive ASP.
NET Core MVC 6 Project Guide for 2024 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Office Productivity Mastering Microsoft Office: Word, Excel, PowerPoint, and 365 By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Marketing Digital marketing - Wordpress Website Development By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert View Program Web Development Mastering Full Stack Development: From Frontend to Backend Excellence By - Metla Sudha Sekhar, Developer and Lead Instructor View Program Finance Financial Literacy i.e Lets Crack the Billionaire Code By - CA Rahul Gupta, CA with 10+ years of domain experience, trainer View Program Leadership Business Storytelling Masterclass By - Ameen Haque, Founder of Storywallahs View Program Marketing Future of Marketing & Branding Masterclass By - Dr. David Aaker, Professor at Haas School of Business View Program HR Human Potential and the Future of Employment By - Lynda Gratton, Co-chair of the World Economic Forum Council on Work, Wages and Job Creation, Professor of Management Practice View Program Strategy ESG and Business Sustainability Strategy By - Vipul Arora, Partner, ESG & Climate Solutions at Sattva Consulting Author I Speaker I Thought Leader View Program Finance Financial Reporting and Analytics By - Dr.
C.P. Gupta, Professor: Department of Finance and Business Economics, University of Delhi View Program Office Productivity Advanced Excel Course - Financial Calculations & Excel Made Easy By - Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant View Program Marketing Performance Marketing for eCommerce Brands By - Zafer Mukeri, Founder- Inara Marketers View Program Finance A2Z Of Finance: Finance Beginner Course By - elearnmarkets, Financial Education by StockEdge View Program Finance A2Z Of Money By - elearnmarkets, Financial Education by StockEdge View Program EVs represent the future Glitches in Tata Neu super app have been resolved, Chandrasekaran said.
“It’s been two and a half years since Tata Digital was launched and while initially, there were some issues with app performance, those have largely been resolved,” he said. “Today, the app is stable and user-friendly. Our financial services have been doing incredibly well.
For example, in August, Tata Digital was responsible for 5% of the total credit cards issued in India. Some categories like grocery have underperformed and we are making course corrections..
. We were a bit late in recognising the rise of quick commerce, but we are now fully engaged in that space.” Air India, currently undergoing a complex transformation, has faced delays in fleet modernisation due to supply chain disruptions at Airbus and Boeing.
“A fully integrated Air India is expected to offer a consistent and improved customer experience by 2026,” he said. Chandrasekaran also dismissed concerns over electric vehicle (EV) sales, expressing confidence in the long-term outlook. “I firmly believe that EVs represent the future.
They are the destination technology for personal vehicles, and at Tata Motors, we are fully committed to this transition.” (You can now subscribe to our Economic Times WhatsApp channel ).
