Tata Sons posts flat growth under Chandrasekaran's first year in office

As on July 31, Tata Sons' standalone cash and cash equivalents were about Rs 55.87 billion, which would be used to fund its ambitious growth plans

Tata Sons, the holding company of the Tata group, has reported flat financial performance under Chairman N Chandrasekaran’s first year in office. According to sources, its net profit was up 4.3 per cent to Rs 8.73 billion in the financial year ending March 2018, on the back of 6 per cent rise in revenues at Rs 81.56 billion in the same period. 

The company plans to raise an additional Rs 100 billion in fiscal 2019 by participating in the buyback of shares of Tata Consultancy Services (TCS) apart from raising more debt from banks and tapping international markets, according to