Tata Electronics beats Titan's revenue as Tata Sons bets big

Tata Sons Ltd has ploughed over a billion dollars into its iPhone assembly business since inception, helping it cross watch-and-jewellery brand Titan Ltd in revenue in just four years.

- Shouvik Das & Varun Sood

Tata Sons has now invested a total of $1.3 billion in Tata Electronics, its iPhone assembly and chip venture.

(BLOOMBERG)

The Tata Group holding company last month invested ₹1,499 crore in Tata Electronics Ltd, its phone assembly and semiconductor venture, bringing itstotal investment in the business to $1.3 billion. Thisalso makes Tata Electron-icsthe third Tata Sons subsidiary—the others are Air India Ltd and Tata Digital—to receive over $1 billion from its parent in the last four years. Tata Sons’ investments in the three businesses now total $IL1 billion, a Mintreview of the filings of the three subsidiaries showed.

Tata Sons’ latest annual report said it has invested ₹45,347 crore ($5.1 billion) in Air India, since acquiring the state-owned airline in January 2022. Tata Digital, its e-com-merce business comprising BigBasket, Tata Img, Croma and Cliq, received nearly $4.7 billion (₹42,121 crore) since its inception in March 2019.

New investments in emerging businesses are a key focus for the Tata Group, which channels its investments through the group's holding company.

Tata Sons wants to pursue “manufacturing excellence at scale", chairman Natarajan Chandrasekaran wrote to shareholders in the Tata Sons FY25 annual report. Major Tata Sons shareholders include Tata Trusts, the Shap-oorji Pallonji Group, and various Tata Group companies.