Tata Group set to record highest growth in history : N Chandrasekaran

Tags: Economy/Finance

Tata Sons chairman N Chandrasekaran claimed on 13 February that the Tata group is set to record the highest growth in its history and that its compounded annual growth is expected to be around 20% in 2022-23.

An overview of the news

• Large capital expenditure (CapEx) plans have been drawn up through traditional and new businesses.

• Traditional businesses will finance their own growth through internal accruals.

• Tata group companies are registering strong growth across the board and are expected to clock a compounded annual growth of around 20% in 2022-23.

About Tata Sons

• Tata Sons is the investment holding company of the Tata Group.

• The Tata Group comprises more than 100 operating companies in seven business segments. These are communications and information technology (IT), engineering, materials, services, energy, consumer products and chemicals.

• The group has operations in more than 100 countries on six continents, and its companies export products and services to 150 countries.