N Chandrasekaran kickstarts process to shrink 1,000+ Tata subsidiaries


N Chandrasekaran kickstarts process to shrink 1,000+ Tata subsidiaries

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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