Cyrus Mistry Willing To Pare Down Portfolios of Companies

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Cyrus Mistry

The Chairman of Tata Group Cyrus Mistry opinionated in a recent meeting held in the head office that the enterprise is currently faced challenges in various situations which ought to be confronted before time, along with pruning few business portfolios within and outside India, for appropriate growth.


Although the decision making requires bold and hard confrontations which eventually help the conglomerate in organic growth. The acting Chairman Cyrus Mistry who took to the post from December 2012 wanted the firms to maintain agility so as to adapt challenging as well as turbulent situations hovering over them. Also, the present scenario of debt level not at all a matter of concern is the rhythm is maintained.

In the recent roundup, he stated that Tata Motors, as well as Tata Steel, had the potential to grow in India along with overseas nations. He further admitted that if true work had to be rolled out of the shareholders of several firms, then there weren’t any shortcuts. The conglomerate moves on equal supports as in firms belonging to Tata Group brings output and rest of amount are taken from the global firms Tata Consultancy Services, Tata Steel Europe and Jaguar Land Rover.

The innovations have made the conglomerate bolder thus daring to try new concepts, all the time. Also, each of the firms is writing its own strategy and success, thus focusing towards profitable growth year after year. Apart from, strategic development and profitable measures taken up by Tata firms have been under the line of debt lately. It grew by 2% in terms of USD whereas cash has risen by 10%. A clear statement was forwarded as the net debt closed at 3.3% on a yearly basis.

As per March-end 2016, the conglomerate’s debt stood at USD 24.5 billion on an average of USD 9 billion from the various firms in the past three years. Also, Rs. 4,15,000 crores were invested in the past 10 years out of which Rs. 1,18,000 crores were invested in several Tata firms in the past 3 years, itself. As stated to PTI by Cyrus Mistry, “Capex should not be looked in isolation from investment in talent, brands and technology, marking them as true differentiators in future.”

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