Tata Sons chairman N Chandrasekaran hints at more collaboration among Tata group firms

MUMBAI: Tata Sons chairman N Chandrasekaran Thursday said there has been some improvement when it comes to group companies working together, but there is both the need as well as the room for more collaboration between them.

Addressing the annual general meeting of TCSNSE -0.40 %, the cash-cow of the salt-to-software conglomerate Chandrasekaran said group companies work at an arm’s length and there is full transparency, but exhorted the need to work together more.

“We have seen some improvements, but we need to improve a lot more,” Chandrasekaran said.

It can be noted that since taking over in February 2017, Chandrasekaran has embarked on a strategy for increased integrations between group companies, which includes getting companies from a particular vertical together like defence, and also merging companies–as he did with Tata Chemicals and Tata Global Beverages.