is a multinational conglomerate company headquartered in Mumbai, India. Interms of market capitalization and revenues, Tata Group is the largest private corporate group inIndia and has been recognized as one of the most respected companies in the world.
It hasinterests in steel, automobiles, information technology, communication, power,
andhospitality. The Tata Group has operations in more than 85 countries across six continents andits companies export products and services to 80 nations. The Tata Group comprises 114companies and subsidiaries in seven business sectors, 27 of which are publicly listed. 65.8% of the ownership of Tata Group is held in charitable trusts.Tata companies operate in seven business sectors: communications and information technology,engineering, materials, services, energy, consumer products and chemicals. Every Tata companyor enterprise operates independently. Each of these companies has its own board of directors andshareholders, to whom it is answerable. There are 28 publicly listed Tata enterprises and theyhave a combined market capitalization of some $60 billion, and a shareholder base of 3.5million. The major Tata companies are Tata Steel, Tata Motors, Tata Consultancy Services(TCS), Tata Power, Tata Chemicals,
, Indian Hotels and Tata Communications.
, a fully-owned subsidiary of Tata Tea Limited, is the world's second largest manufacturer and distributor of tea. Owned by India's Tata Group, Tetley's manufacturing and distribution business is spread across 40 countries and sells over 60 branded tea bags. It is the largest teacompany in the United Kingdom and Canada and the second largest in the United States byvolume.After Tetley was purchased by the Tata Group in 2000, most of its business in Asia has beenintegrated with Tata Tea and the company plans to completely integrate its worldwide businesswith Tata Tea by 2006. The new merged group, Tata Tea Group, is the second largest tea brandin the world after Unilever.