Tata Group’s Revenue Rises to $108.8 Billion; Headcount Crosses 6 Lakh
NEW DELHI: Top corporate house Tata group’s total revenue rose by over five per cent to $108.78 billion (almost Rs 7,17,948 crore) in the last fiscal, while its total headcount crossed six-lakh mark with IT and communications business accounting for more than half of the overall staff strength.
The international operations of the group, which has more than 100 companies across various businesses spread over the world, accounted for almost 70 per cent of its total revenue in the fiscal 2014-15, according to the latest group-level financials disclosed by it.
The total revenue rose by 5.3 per cent to $108.78 billion, from $103.27 billion in the fiscal 2013-14.In rupee terms, the total revenue rose by 6.5 per cent to Rs 6,65,185 crore in 2014-15, while sales were up 5.9 per cent at Rs 6,53,381 crore.
The revenue growth rate has, however, fallen from 18.5 per cent recorded in the previous fiscal 2013-14.While the profit figures were not disclosed, the group’s international revenue rose by 5.8 per cent to $73.41 billion. Revenue from global operations had grown by 27 per cent in the previous fiscal.
Total assets rose to $117.9 billion, from USD 116.3 billion during the fiscal.The group’s total headcount stood at 6,11,794 at the end of the fiscal 2014-15, out of which more than 3.5 lakh were in its IT and communications business. The engineering business had more than 93,000 employees, while materials business had over 80,000 and services had nearly 44,000 staff members.
The consumer products business also had more than 22,000 employees, while energy segment had over 9,000.In 2013-14, the group’s employee count had increased by 6.8 per cent to 5,81,473.
In the group revenue during the latest fiscal, the engineering business accounted for the largest pie of 41 per cent, followed by materials and the IT & communications at 21 per cent each.
Services and energy business contributed 5 per cent each to the group revenue, while consumer products’ share was 4 per cent and that of chemicals at about 3 per cent.
Founded by Jamsetji Tata in 1868, the Tata group has over 100 independent operating companies across six continents, out of which 30 are publicly listed entities with combined market capitalisation of about Rs 8 lakh crore.
Tata Sons is the principal investment holding company and promoter of the Tata companies.The major group companies include Tata Steel, Tata Motors, TCS, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.