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> it's a massive part of their income
I'm pretty sure the income is massive, but it might not be where the majority of the money comes from. Tata is a huge conglomerate with businesses that apparently have nothing to do with each other. Steel, Salt, coffee/tea, hotel chains, multiple airlines, IT, car companies, watches, financial companies, phone companies (?), jewellery, air conditioners, the list goes on. (Whether any of their products are good is a different matter; it may or may not be — I don't really know.) Tata motors in India has been pretty good over the last few years. They now make very desirable products designed for the Indian market — ie., spacious, efficient, practical cars with good enough performance, reliability, high scores in GNCAP crash tests, at a price which a lot of Indians can afford. Tata cars probably won't win any races, but they have finally figured out the pulse of the Indian market. |
Tata Group owns 70% of TCS, which is worth $200B.
Also this: > more than 70% of Tata Sons' dividends were generated by TCS
https://en.wikipedia.org/wiki/Tata_Group
https://en.wikipedia.org/wiki/Tata_Consultancy_Services
TCS is around half the value of Tata.