Established in 1868, Tata Group is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continents. There are 29 publicly-listed Tata group companies with a combined market capitalisation of Rs 20.6 lakh crore as of March 31, 2023.
In BT-PwC India's Best CEOs Ranking, Tata Steel CEO & MD TV Narendran received the Best CEO - Super Large Companies Award, and Tata Power CEO Praveer Sinha received the Best CEO - Power Award.
TV Narendran, who was appointed as the global CEO and MD of Tata Steel in 2017, has reinvented and reshaped Tata Steel into a potent force. Under his leadership, Tata Steel has completed 3 major acquisitions - Bhushan Steel, Usha Martin, and Neelachal Ispat Nigam.
TV Narendran is focussed on making Tata Steel structurally, culturally, and financially future-ready. He is putting equal thrust on digital transformation and sustainability, along with ensuring that young people find it an attractive place to work.
"We have always been saying how we can make Tata Steel, structurally, culturally, and financially future-ready. The structural part is getting addressed. And that's why we feel that as India grows, we can grow without having to borrow," TV Narendran told Business Today.
Tata Power MD & CEO Praveer Sinha has overhauled and charged up the 108-year-old Tata Power to make it future-ready. The company's market cap has grown by nearly 150% since Sinha took over in 2018.
Under Praveer Sinha, Tata Power has transformed into a new-age, sustainable, tech-oriented, and customer-centric green solutions firm. Under him, the company has enhanced its focus on green energy. Sinha deleveraged the balance sheet by divesting assets outside India and consolidating its other businesses.
Praveer Sinha is confident that the shift from conventional to new technologies will ensure an even brighter future for Tata Power. "A very strong foundation has been laid and we call this Tata Power 2.0. This phase will prepare us for the next 100 years," he told BT.
Tata Sons Chairman N Chandrasekaran has been named the Business Icon of the Year in the BT-PwC Survey. The 59-year-old has deftly manoeuvred the Tata Group's foray into new business, added muscles to existing ones, and laid the foundation for sustained and healthy growth.
Under his leadership, Tata Group's listed companies have increased by more than 7% annually between FY17 and FY22. The market capitalisation of the group's listed companies has also jumped nearly 149% from Rs 8.28 lakh crore to Rs 20.60 lakh crore. From a new-age business point of view, his focus will now be on Tata Neu, Air India, batteries (lithium-ion), 5G, electronics, and maybe a fab.
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