Ratan Tata's Vision 2020: A $500-bn global empire
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Tata Group Eyes $500 Billion Revenue By 2021: Report
Tata Group is eyeing revenues of $500 billion by the fiscal year ending March 2021, a report stated, as the steel-to-software company proposes to augment sales five times by the next nine years.
Ratan Tata, outgoing chairman of the group, which consists of flagship firms comprising Tata Consultancy Services , Tata Steel and Tata Motors, brought out the expansion proposal at a meeting with approximately 500 senior group executives in March.
A representative for Tata Group declined to remark on the report when contacted by media persons.
Chairman Tata will quit in December 2012, and will be succeeded by Cyrus Mistry, deputy chairman and a former affiliate of the board of holding firm Tata Sons.
The 74-year-old Ratan Tata has headed the company since 1991 and has embarked on a worldwide shopping spree, which has brought firms like UK tea brand Tetley, European steel manufacturer Corus and luxury car maker Jaguar Land Rover into the Tata stable.
Around two-thirds of its income is generated out of the country.
The group registered revenues of $83 billion during the fiscal year ending in March 2011, and is likely to witness revenues of $100 billion in the year that finished last month.
Ratan Tata's Vision 2020: A $500-bn global empire
Sikorsky, Tata group plan JV for defence foray
