Indications are that the Tata Sons stand on listing of the company may come up for a discussion even if it's not part of the agenda
Tata Sons chairman Natarajan Chandrasekaran was paid Rs. 113 crore as remuneration for 2022-23 (FY23), including Rs. 100 crore as commission on profit. Chandrasekaran, 60, often referred to as Chandra, received a remuneration of Rs. 109 crore in 2021-22 (FY22). With this, Chandra has emerged as one of the highest-paid chief executive officers (CEO) in Corporate India for FY23.
The government in January restarted the divestment process of Air India and invited bids for selling 100 per cent of its equity in the state-owned airline, including Air India's 100 per cent shareholding in AI Express Limited and 50 per cent in Air India SATS Airport Services Private Ltd.
The Tata Group company, among the top five in market capitalisation, is set to further strengthen its presence in the gold retailing and watches segment.
Currently, Titan has presence in 31 countries across the world.
'I was the only Indian boxer in the final and I badly wanted to win gold for my country.' 'When the referee raised my hand and I was declared the winner, I could not stop the tears rolling down.'
An interview with Bhaskar Bhat, managing director of Titan Industries.
Titan Industries, the Rs 725-crore (Rs 7.25 billion) manufacturer of branded watches, plans to diversify into the production of coloured sun glasses and leather accessories.
Watch-maker Titan Industries was aiming for 15-20 per cent growth over last year's sales of Rs 800 crore (Rs 8 billion) and would invest Rs 10 crore (Rs 100 million) in 2003-04 to strengthen its brand
As part of brand extension, Titan Industries, plans to foray into the Rs 250 crore (Rs 2.5 billion) premium watch market, dominated by the Swiss brands.
The last date to submit bids is March 17 but the deadline could be extended if there are requests from potential bidders.
Titan's sarees will ride on the parent brand's immense equity and deep penetration to crack open the potential Rs 550 billion market.
In FY 2014-15, Titan Co had reported a revenue of Rs 11,903.21 crore.
Tatas' best bet would be to find an insider who understands the systems, say headhunters
Kia's Seltos SUV has already crossed the 40,000 mark while the slightly pricier MG Hector has sold nearly 13,000 units.
The success stems from Titan's betting hard on wedding jewellery over the last three years. It now contributes 20 per cent to revenue.
New plant will manufacture around 1 mn cases per annum.
In the '80s after Xerxes Desai, moved to Bengaluru and spent the initial days on building Titan from a factory in Hosur.
Even though HMT has survived for over 50 years, it failed to find a new peg to sell itself even as later entrants captured market share.
Perhaps, the group's leadership position and potential in the retail segment prompted Tata Sons Chairman Cyrus Mistry to identify retail as one of the group's four growth clusters in his recent Vision 2025 statement.
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