00:00The biggest industrial house of the country, Tata Group, has not been performing as expected in this financial year.
00:11Meanwhile, the holding company of the group, Tata Sons' chairman N. Chandrasekharan has sent an urgent message to the CEO of his company.
00:19According to sources, Chandrasekharan has asked him to take big goals in internal strategy and professional reviews.
00:26He says that the margin can be adjusted with time, but the opportunities for development should be made immediately.
00:33So let's tell in detail in this video that what change is Tata Group going to make now and why.
00:39According to sources, Chandrasekharan said that he has set a revenue target with capital allocation.
00:45Tata Sons is a holding company of Tata Group worth $ 375 billion.
00:49Tata Sons' chairman N. Chandrasekharan is focusing on ensuring that the group is making progress in the outlook of increasing competition.
00:57There may be challenges in some quarters, but with a long-term vision, growth opportunities should be made in every area.
01:05He has officially urged to grow aggressively despite increasing uncertainties in domestic and international markets.
01:15A senior official of the group said that our chairman believes that there can be no excuse for cyclical quarters.
01:22And the goal should be scalable, profitable development.
01:25In the first half of the year, revenue of more than 15 companies including TCS, Tata Motors, Tata Steel and Tata Power increased to a single-digit,
01:35while the profits of these companies remained low.
01:38After a great rally in the last three years, Tata Group's shares performed less than the benchmark in the present financial year.
01:45During this time, the results of some large companies of the group were less than expected.
01:49In the same financial year, Tata Group's market cap increased by only 5%, while Nifty increased by 8%.
01:56During this time, Tata Motors, Titan, Tata Electric, Tata Communications, Tata Consumer and Tata Steel,
02:03in large shares, fell by 7% to 20%.
02:07In the first quarter of the year, Tata Group's listed companies increased by 4% in revenue year by year.
02:15However, during this time, the profit increased by 37% to Rs. 43,171 crores, which was Rs. 31,461 crores a year ago.
02:26Revenue and profit fell by 2% and 23%.
02:29In the first half of the year, the group recorded a net profit of Rs. 58,847 crores.
02:38So, what is your opinion on this decision of Tata Group?
02:41Tell us in the comment box and keep watching Good Returns for such updates.
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