Tata Group revenue tops $100 bn; plans $35-bn investment in 3 years

Diversified conglomerate Tata Group has reported an 18.5 per cent growth in total revenue in 2013-14 to Rs6,24,757 crore ($103.27 billion) against consolidated revenue of Rs5,27,047   crore ($96.79 billion) in the previous financial year.

The group that operates over 100 companies in seven business sectors, including communications and information technology, engineering, materials, services, energy, consumer products and chemicals, has lined up investment proposals worth over Rs2,10,000 crore ($35 billion) over the next three years as part of its vision 2025 strategy.

Addressing the Tata group's Annual Leadership Conference in Mumbai, Tata Group chairman Cyrus Mistry said the group will invest $35 billion in the next three years as part of its vision 2025 by when it expects to achieve market capitalisation to be among the world's top 25 companies.

Revenues from overseas operations of the group in the fiscal 2013-14 stood at Rs4,19,860   crore, up 27 per cent from Rs3,30,530 crore in the preceding fiscal, as per a web site release.

Tata companies have operations in more than 100 countries across six continents, and export products and services to over 150 countries.

In terms of net forex earnings during the fiscal, it jumped by 93.5 per cent at Rs32,129crore as compared to Rs16,604 crore in the year-ago period.

The group's 32 listed companies had a market capitalisation of Rs8,46,535 crore as of 24 July 2014 as compared to Rs6,84,859 crore as of end-March 2014 and Rs5,18,716 crore on end-March 2013.

In 2013-14, the group's employee count increased by 6.8 per cent to 5,81,473 from 5,44,502 in the previous year. The information technology and communications sector accounted for 57.5 per cent of the total employee count with 3,34,569 people in 2013-14.

In the process the group contributed a total of Rs36,312 crore to the exchequer during the fiscal.

Tata companies are implementing capital expenditure plans of over Rs65,000 crore in 2014-15 across all geographies, as part of their respective medium term strategies.

The majority of the investments will come from its flagship companies, Tata Steel, Tata Motors and Tata Consultancy Services (TCS).

While Tata Steel would be investing nearly Rs16,500 crore in FY15, Tata Motors has earmarked around Rs38,500 crore investment in the current fiscal, out of which Rs35,000 crore will be for its UK arm JLR and Rs3,500 crore for its operations in India.

The group's information technology major TCS has also outlined a capex of Rs4,000 crore for this fiscal.