Lately, under the leadership of its current Chairman N. Chandrasekaran, Tata Sons has been taking measures to consolidate its business for better efficiency. A recent report reveals that Tata Sons has decided to cut the number of listed companies from 29 to 15 in the coming months. The firm will now focus on investing in bigger projects that have more potential in the market.
Besides the 29 listed companies, the Tata group has about 60 unlisted companies and hundreds of subsidiaries across ten sectors. The group had made certain important announcements in the past.
Last week, the group announced a merger of seven steel companies into Tata Steel. The merger of Tata Consumer Products and Tata Coffee was announced in March. In the technology sector, the group has three companies – Tata Consultancy, Tata Elxsi, and Tata Digital. Except for Tata Digital, the other two are listed companies.
When it comes to the automobile sector, the group has three listed companies – Tata Motors, Automotive Stampings & Assemblies Ltd, and Automobile Corp. of Goa Ltd. Reports say that, in the airline business, the company may merge AirAsia India, and Vistara into Air India by 2024.
