Tata Sons chairman N Chandrasekaran has initiated plans to shrink over 1,000-odd subsidiaries owned by the Tata Group’s operating companies to a manageable number.
Further, the group’s immediate priorities are to stabilise the loss-making Jaguar Land Rover unit, figure out a way forward for relatively weaker businesses such as aviation and infrastructure while scaling up highgrowth sectors such as consumer and retail, according to a senior official familiar with the group’s plans.
The group has also applied to the ministry of corporate affairs to register a new company to launch its ecommerce business.
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