Business Standard

Tata Sons' insurance, auto subsidiaries defy Covid-19 pandemic blues

Telecom, airline businesses continue to remain a drag for holding company

tata sons, bombay house
Premium

Tata Sons made incremental equity investment of around Rs 11,000 crore in various group companies in FY21.

Krishna KantDev Chatterjee Mumbai
Tata Sons key unlisted subsidiaries reported double-digit growth in revenues and contraction in their losses on a consolidated basis in FY21 despite the economic disruption caused by the Covid-19 pandemic.
 
The combined turnover or total income of Tata Sons’ 40 biggest unlisted subsidiaries was up 17.8 per cent year-on-year (YoY) to Rs 80,720 crore in FY21 from Rs 68,538 crore a year ago. The combined net loss of these subsidiaries narrowed to Rs 10,654 crore last financial year from a combined net loss of Rs 16,839 crore a year ago.
 
The growth was led by insurance, retail lending,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Aug 31 2021 | 6:07 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com