Tata Group has created a new record in terms of earnings. It has become the first group in the country to generate revenue of Rs 10 lakh crore from any group in a financial year. There has been a jump of 15 percent in comparison to the previous financial year. If we talk on a quarterly basis, Tata Motors, close to Ratan Tata’s heart, has become the 8th company in the country by generating a revenue of one lakh crore rupees, leaving behind all the group companies. The name of the group’s largest company company TCS is not even in this list. Let’s try to understand from the figures that how much revenue has been generated by the Tata group companies in total.
Tata Group made a record
The 14 main listed companies of Tata Group in which Tata Sons has direct equity stake have generated revenue of Rs 10.07 trillion in FY2023. In FY2022, this figure of revenue was Rs 8.73 trillion. This means that this time it has seen an increase of 15.3 percent as compared to last year. By the way, these companies have got to see less joint profit as compared to the last financial year. Profit in FY 2023 stood at Rs 66,670 crore, which is 10.6 per cent lower than Rs 74,540 crore in FY 2022. This was the year when Tata Steel’s strong performance saw an increase of Rs 156 crore in profit.
Tata Motors made a record
On the other hand, Tata Motors has also set a record. Till now, none of the group companies, even TCS, has been able to maintain this record. According to statistics, in the fourth quarter of FY2023, the revenue of Tata Group has reached Rs 105,932 crore. While the country’s largest IT company TCS saw a revenue of Rs 59,162 crore. Tata Motors has become the first company in the group to cross a revenue of Rs 1 lakh crore in a financial year.
Tata Motors became the 8th company of the country
Tata Motors has become the 8th second private and 8th overall company in the country to touch Rs 1 lakh crore milestone in revenue. According to CNBC, at present, Reliance Industries, Indian Oil Corporation, LIC, ONGC, BPCL and HPCL are among the companies with quarterly revenue of more than Rs 1 lakh crore. At present, if all small and big companies of Tata Group are considered as one unit, then revenue of $ 125 billion is being generated. Because of which it has become the 64th largest group in the world.