What are Tata Sons Chairman N Chandrasekaran’s top 3 focus areas for 2024? – Times of India
N Chandrasekaran, the chairman of Tata Sons, has conveyed a bold growth target to the group’s chief executives, encouraging them to amplify their efforts in driving growth and creating further momentum in crucial sectors such as electronics, EVs, batteries, and steel in the upcoming year. He has also stressed the significance of CEOs and CXOs in traditional sectors diligently implementing business strategies on the ground to capitalize on growth prospects.
Furthermore, group companies have been instructed to enhance their focus on customer-centricity and the One Tata plan, which was initiated a few years ago to promote inter-category business collaboration.
According to an ET report, this message was conveyed to approximately 500 Tata group leaders who gathered at the JW Marriott Marquis in Dubai over the weekend for their yearly offsite meeting, as reported by senior executives at the $270 billion conglomerate. Noel Tata, the chairman of Trent, and his three children – Neville, Leah, and Maya – were also present at the event.
A top executive, who wished to remain anonymous, stated, “Our chairman is confident that our group will be able to record good growth across businesses. There is a visible growth momentum, which he is clear that should be maximised and captured by operating companies. Where we want to bet on growth is clear, capital allocation is in place and the right talent has been picked.”
Each company selected 40-50 employees to participate in the meeting. The annual event aims to promote interaction and collaboration among group executives, as explained by officials. During this gathering, the Tata Sons chairman clearly outlines the group’s vision and plan. Leading group companies, including Tata Motors, Tata Consumer, Tata Steel, Trent, and newer businesses such as Tata Digital and Tata Electronics, presented their growth strategies.
Tata Sons declined to comment on the matter. In his second term as chairman, Chandrasekaran has established ambitious revenue goals.
Over the past year, the Tata Group has demonstrated remarkable performance in the stock market. The conglomerate’s 27 listed companies have collectively increased their market capitalization by over Rs 9 lakh crore, reaching a total of ₹30.45 lakh crore, representing a 42% growth compared to the Nifty’s 26% gain.
Furthermore, group companies have been instructed to enhance their focus on customer-centricity and the One Tata plan, which was initiated a few years ago to promote inter-category business collaboration.
According to an ET report, this message was conveyed to approximately 500 Tata group leaders who gathered at the JW Marriott Marquis in Dubai over the weekend for their yearly offsite meeting, as reported by senior executives at the $270 billion conglomerate. Noel Tata, the chairman of Trent, and his three children – Neville, Leah, and Maya – were also present at the event.
A top executive, who wished to remain anonymous, stated, “Our chairman is confident that our group will be able to record good growth across businesses. There is a visible growth momentum, which he is clear that should be maximised and captured by operating companies. Where we want to bet on growth is clear, capital allocation is in place and the right talent has been picked.”
Each company selected 40-50 employees to participate in the meeting. The annual event aims to promote interaction and collaboration among group executives, as explained by officials. During this gathering, the Tata Sons chairman clearly outlines the group’s vision and plan. Leading group companies, including Tata Motors, Tata Consumer, Tata Steel, Trent, and newer businesses such as Tata Digital and Tata Electronics, presented their growth strategies.
Tata Sons declined to comment on the matter. In his second term as chairman, Chandrasekaran has established ambitious revenue goals.
Over the past year, the Tata Group has demonstrated remarkable performance in the stock market. The conglomerate’s 27 listed companies have collectively increased their market capitalization by over Rs 9 lakh crore, reaching a total of ₹30.45 lakh crore, representing a 42% growth compared to the Nifty’s 26% gain.
