Tata Group’s First Indian Biz House to Enter $100-b Revenue Club

Salt-to-software conglomerate Tatas have become the country's first business house to attain $100 billion in revenues, even as the group's profit slipped to near $5 billion in the last fiscal year. 

The total revenue of Tata Group, which has over 100 companies including 31 listed entities, rose by about 20% in the last fiscal 2011-12 to $100.09 billion from $83.3 billion in the previous year. The last fiscal also saw the group's total headcount rise by nearly 32,000 persons to nearly 4.56 lakh. 
At the same time, the group's profit after tax slipped by 9.4% to $5.23 billion during the year, as per the latest financial details available with the group. In rupee terms, the fall in profit was lower at 4.5%, while revenue growth was higher at 25.3%. 
The group's total revenue rose to . 4,75,721 crore, while profit after tax fell to . 25,112 crore in 2011-12. The total assets rose by 27.5% to . 3,73,026 crore. The group's international revenue at $58.5 billion accounted for more than half of the total worldwide turnover and rose by 21% from the year-ago levels. 
The international operations and overseas acquisitions have played a significant role in the group's revenue growth in recent years. The group turnover had crossed . 1 lakh crore mark in 2006-07, while it stood at a little below the . 50,000-crore level in 2001-02. Tatas also recorded net forex earnings of $1.6 billion, up by over 51% from $1.05 billion in 2010-11. 
The group is present in more than 80 nations and markets across Asia, Africa, America, Europe and Australia. Tatas have made a number of highprofile takeovers abroad, including high-profile acquisitions like Jaguar and Land Rover in 2008 and Corus Steel in 2007, and made an offer last week to acquire US-listed Orient-Express, which runs an iconic chain of hotels and luxury trains.