Tata Steel Group Case Study

1533 Words7 Pages
Tata Group is a global enterprise with headquarters at Mumbai, India having interests in chemicals, steel, automobiles, information technology, communication, power, beverages, and hospitality. It operates in more than 100 countries across six continents. Tata Sons is the principal investment Holdco for Tata companies promoted by it. The revenue for these companies for FY 2014-15 stood at $108.78 Billion employing over 600000 people and out of these companies 29 cos are publicly listed having aggregate market cap of $ 134 Billion as on 31st March, 2015. Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications…show more content…
The group manufactures and distributes steel, welded steel tubes, cold rolled strips, bearings, and other related products. Tata Steel Group operates across Asia, Europe, and Australia. Tata Steel Group is headquartered in Mumbai, India and employs about 86,600 people. The group recorded revenues of INR 1,442,983.6 million (approximately $23,087.7 million) in the financial year ended March 2015 (FY2015), and an EBIDTA of INR133,319.3 million (approximately $2,133.1 million) It is one of the world's largest steel company with capacity of 31 million tonnes per annum (tpa).The group is the world's second most geographically diversified steel producer, with operations in 26 countries and commercial presence in more than 50 countries. Tata Steel Group's strong market position gives it advantage of scale and increases its bargaining…show more content…
Etched with the visions and hardships of a single man, the story has flowed through ages to re-define steel in every way. The saga, which started in 1907, completed a century of trust in 2007 and carries on. Over the years this one company has discovered different avenues of effective steel utilisation and its story defines and re-defines conventional wisdom in more ways than one. The Steel Company obtained its first colliery in 1910, adding six more in course of time. Several mines were spread over the states of Bihar, Orissa and Karnataka. The Tatas soon became the first to own a fully mechanised iron ore mine in India at Noamundi. The Coal Beneficiation Plant at West Bokaro undertook beneficiation of low-grade coal, thus helping in the conservation of the fast dwindling resources of high quality coal. The collieries, the mines and the quarries together furnish the bulk of the raw material requirements of the plant. When the entire world was reeling in the Great Depression, the Tatas survived and supplied nearly three-fourth of the country's steel requirements. By the Second World War, Tatas' production capacities had expanded enough to make their prices lower than those of steel produced in England, raising them to an authoritarian position. Post-Independence the Tatas decided to set on the Herculean task of nation building. The much-required steel for the newly devised Five-year Plans came from
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