Tata Sons rejigs businesses into ten verticals

MUMBAI: Tata Group holding company Tata Sons has restructured the $104-billion conglomerate into 10 verticals such as consumer, trading and investments. The holding company’s representatives will head the verticals and ensure coordination and smooth functioning of the businesses in each of them, said two people with knowledge of the plan.

The creation of verticals under Tata Sons chairman N Chandrasekaran will help about 100 companies synergise operations and cut costs. For instance, Tata Motors recently announced a £3.1-billion impairment charge on account of its Jaguar Land Rover unit. Chandrasekaran had earlier called the move a process of simplifying, synergising and scaling (3S) to create an agile, powerful platform that will aid rapid growth.