MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Tata Group to bring its FMCG businesses under one roof

Tata Group to bring its FMCG businesses under one roof

The Tata Group is one of India’s largest conglomerates and operates numerous companies that cover a wide array of sectors that includes steel, automobiles, power, retail, hospitality, telecommunications, software services, etc. The chairman of Tata Group N. Chandrasekaran has now planned to bring all of the conglomerate’s FMCG (fast moving consumer products) businesses under one brand. It seems to be part of the chairman’s broader efforts to simplify the corporate structure of all the numerous subsidiaries, all of which have their own independent management boards and consolidate operations across the corporation.

Under the new plan, the Tata Group’s brands such as Tata salt, spices, and snacks would be transferred from Tata Chemicals to Tata Global Beverages. However, the Chemicals division of the company would retain the manufacturing of the products. Several business analysts, as well as experts, agree that this move would definitely go on to improve the revenues and bring down the operating costs of Tata Global Beverages. Tata Global already owns Tetley Tea, one of the more popular brands of tea in India. Furthermore, it was also revealed that Tata Coffee would also be merged with Tata Global.

This seemingly extensive corporate restructuring comes in the wake Chandrasekaran’s consolidation of Tata Group’s defense and aerospace divisions, which were spread out across about a dozen companies. Further details regarding the reshuffling are expected to be disclosed in the near future.

YOU MAY ALSO LIKE

Pine Labs Reaffirms its Commitment to Indian Payments Space with Qfix Acquisition

HDFC Bank is Qfix's main distribution partner Pine Labs has announced that it has acquired Qfix, a Mumbai-based online payments startup. This acquisi...

Salesforce Expands into Thailand, Opens Office in Bangkok

Salesforce has announced permanent presence in Thailand by launching its new office in the country’s capital, Bangkok. The permanent presence wi...

GMLL is expected to soon add two more stores to its retail arm ‘Price Mantra’

Garment Mantra Lifestyle, a popular name in the Indian fashion retail segment, recently made an announcement that the company is expanding its retail ...

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

RECOMMENDED