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Investments

13

Portfolio Exits

3

Partners & Customers

10

About Tata Group

Tata Group is a multinational conglomerate and holding company comprised of over 100 operating companies with operations in more than 100 countries across six continents, exporting products and services to over 150 countries. The company encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products, and chemicals.

Tata Group Headquarter Location

Bombay House 24, Homi Mody Street

Mumbai, 400 001,

India

+65 6536 5009

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CB Insights Intelligence Analysts have mentioned Tata Group in 1 CB Insights research brief, most recently on Dec 16, 2020.

Latest Tata Group News

From challenge to a challenger – Why Air India’s new journey has a lot flying on it

Oct 16, 2021

Text Size: A+ The Covid-19 pandemic has been ominous for the aviation industry across the globe. As normality returns, travel has bounced back, becoming a ray of hope for all vested players. But the sun has shone the brightest on the Tatas as Air India returns to the group after 68 years. The privatisation of the national carrier has been a long-drawn process, spanning over two decades. While many have argued that the Tatas got the national carrier back for peanuts, everyone has celebrated a homecoming long overdue. Beating out SpiceJet promoter Ajay Singh, the salt-to-software conglomerate emerged as the successful bidder in the privatisation process, where the Narendra Modi government sold Air India for Rs 18,000 crore. Moreover, the Air India Assets Holding Ltd (AIAHL) will now take over 75 per cent of the Rs 61,562 crore debt, with the Tata Group handling just Rs 15,300 crore. “The carrier was a symbol of all that can go wrong when a state lacking the ability to deliver basic services like health and education starts competing in the commercial arena,” columnist Andy Mukherjee wrote . With poor service and a crumbling management in the face of politicians and bureaucrats exploiting it, Air India had earned a bad reputation. It ceased to be the first, or even second or third, option for many customers. But with its return to the Tatas, there are high hopes and a threat for IndiGo, SpiceJet and other players. And that’s why Air India is ThePrint’s Newsmaker of the Week. Tatas become a major challenger It remains to be seen what the Tatas will do with the four airlines they now have — Vistara, a full-service carrier with Singapore International Airlines, and an 84 per cent stake in low-cost carrier AirAsia besides Air India and Air India Express. Combining all four, the fleet size has now increased to 221, which include a range of aircraft — from Airbus 320s to Boeing 787-9 Dreamliners. While this figure remains lower than IndiGo’s 247, it is now the only fleet falling in the same margin as the country’s largest airline. CEO Ronojoy Dutta has maintained that IndiGo is a “damn good airline”, acknowledging the shift in competition with the Tata takeover of Air India. “(A new) Air India — that is the real challenge for us,” he said . “They will be tough competition. I see them as a formidable force,” he added. This disruption in the aviation industry is coming at a time when travel is returning in the backdrop of soaring fuel prices. While it will be a treacherous journey to rebuild Air India in this environment, other airlines now face stiff competition with the Tatas holding a combined market share of 26.7 per cent. Analysts believe SpiceJet is set to take a bigger hit than IndiGo. However, international airlines too are threatened by this sale. With Air India’s 55 overseas destinations, lucrative international routes, a parent holding membership of the Star Alliance and more than 3,000 landing and parking slots, it has the potential to prove tough competition to airlines like Emirates, Qatar and Etihad, which have eaten into India’s international market. In an interview to MoneyControl, Emirates president Tim Clark said if Air India is “able to develop a business model that is meaningful and brings value to the new shareholders and to India, the scope and scale of that airline is endless. And that is what they need to do. Will it affect us? Of course, it will.” Dutta too pointed out a similar concern. “Internationally, they will be a strong competitor,” he said . On the one hand, chatter in India about success has been about Mukesh Ambani and Reliance. He now enjoys the company of Elon Musk and Jeff Bezos in the $100 billion club. On the other hand, the Tata Group continues to make losses on Corus Steel in Europe and Jaguar Land Rover. Vistara paints a similar picture on the business end of things. However, the conglomerate has remained the most trusted group (66 per cent votes), beating out the AV Birla Group (5 per cent) and Mukesh Ambani Group (4.7 per cent), as per a recent poll conducted by an independent equity research firm, Equitymaster. With Air India back in its pocket, the Tata Group now has the opportunity to strengthen its other companies — much like it did with Vistara and AirAsia — by supplying products to the airline and “ cross-selling products to Air India’s customers and the airline’s crew.” Fast-tracking privatisation The two-decade-long sale of the national carrier is a test case for India’s privatisation programme and it hasn’t been easy. In 2001, it was a disinvestment offer where the Atal Bihari Vajpayee government would control more than half the equity, but there were no takers. The Modi government tried selling it first in 2018, where it offered 76 per cent of the equity but to no avail. Finally, in January 2020, the government put its entire share on the block. Even then, it has proven to be a monumental task. “Modi’s goodbye to the indolent Maharajah — the airline’s mascot — will buttress his government’s reform credentials at a time when the economic recovery from Covid-19 is still tentative and uneven,” Mukherjee wrote . The sale of a debt-laden Air India in the middle of a global pandemic will now boost confidence for privatisation of other PSUs. Tuhin Kanta Pandey, Secretary, Department of Investment and Public Asset Management, said : “Definitely, there will be a fillip because bidders will get more confidence in the government’s capacity to close transactions.” Now that the Modi government has proven its willingness for economic reform, this could fast track privatisation of several other PSUs. Views are personal.

Tata Group Investments

13 Investments

Tata Group has made 13 investments. Their latest investment was in Karkinos as part of their Seed on September 9, 2021.

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Tata Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Seed

Karkinos

$14.9M

Yes

2

6/7/2021

Unattributed

CureFit

$75M

Yes

12

4/20/2021

Debt - III

1mg

$13.3M

Yes

1

12/2/2020

Seed

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$99M

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10

3/27/2019

Corporate Minority

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$99M

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10

Date

9/22/2021

6/7/2021

4/20/2021

12/2/2020

3/27/2019

Round

Seed

Unattributed

Debt - III

Seed

Corporate Minority

Company

Karkinos

CureFit

1mg

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Amount

$14.9M

$75M

$13.3M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

12

1

10

10

Tata Group Portfolio Exits

3 Portfolio Exits

Tata Group has 3 portfolio exits. Their latest portfolio exit was Tata Interactive Systems India on April 25, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/25/2018

Divestiture

$991

2

00/00/0000

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10

00/00/0000

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10

Date

4/25/2018

00/00/0000

00/00/0000

Exit

Divestiture

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Companies

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Valuation

$991

Acquirer

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Sources

2

10

10

Tata Group Acquisitions

10 Acquisitions

Tata Group acquired 10 companies. Their latest acquisition was Air India on October 08, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

10/8/2021

Loan - II

$991

$272.09M

Acquired

12

7/29/2021

PIPE

$15M

Acq - Pending

3

6/10/2021

Debt - III

$148.13M

Corporate Majority

22

6/8/2021

Pre-Seed

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$99M

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10

2/16/2021

Debt - V

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$991

$99M

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10

Date

10/8/2021

7/29/2021

6/10/2021

6/8/2021

2/16/2021

Investment Stage

Loan - II

PIPE

Debt - III

Pre-Seed

Debt - V

Companies

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Valuation

$991

$991

Total Funding

$272.09M

$15M

$148.13M

$99M

$99M

Note

Acquired

Acq - Pending

Corporate Majority

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Sources

12

3

22

10

10

Tata Group Partners & Customers

10 Partners and customers

Tata Group has 10 strategic partners and customers. Tata Group recently partnered with Tejas Networks on July 7, 2021.

Date

Type

Business Partner

Country

News Snippet

Sources

7/29/2021

Partner

Tejas Networks

India

Tatas to take controlling stake in Tejas Networks for <span class='webrupee'>₹</span>1,884 cr

Saurabh Agrawal , executive director of Tata Sons Private Limited , said `` We are excited to partner with Tejas Networks , India 's leading telecom and network company with a strong DNA of R&D .

1

11/18/2020

Partner

AirAsia

Malaysia

1

8/13/2020

Partner

BreezoMeter

Israel

Tata Motors and TMETC Engage BreezoMeter in Mission to Enhance the Future of In-Cabin Pollution Management.

`` This partnership with the three businesses within the Tata Group is a great opportunity for BreezoMeter to enhance the safety and comfort for an increasing number of passengers .

2

5/25/2020

Partner

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10

5/7/2020

Partner

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10

Date

7/29/2021

11/18/2020

8/13/2020

5/25/2020

5/7/2020

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Tejas Networks

AirAsia

BreezoMeter

Country

India

Malaysia

Israel

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News Snippet

Tatas to take controlling stake in Tejas Networks for <span class='webrupee'>₹</span>1,884 cr

Saurabh Agrawal , executive director of Tata Sons Private Limited , said `` We are excited to partner with Tejas Networks , India 's leading telecom and network company with a strong DNA of R&D .

Tata Motors and TMETC Engage BreezoMeter in Mission to Enhance the Future of In-Cabin Pollution Management.

`` This partnership with the three businesses within the Tata Group is a great opportunity for BreezoMeter to enhance the safety and comfort for an increasing number of passengers .

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Sources

1

1

2

10

10

Tata Group Team

3 Team Members

Tata Group has 3 team members, including former Chief Executive Officer, Sabina Saksena.

Name

Work History

Title

Status

Sabina Saksena

Chief Executive Officer

Former

Rohit Tandon

Chief Operating Officer

Former

Gopichand Katragadda

Chief Technology Officer

Former

Name

Sabina Saksena

Rohit Tandon

Gopichand Katragadda

Work History

Title

Chief Executive Officer

Chief Operating Officer

Chief Technology Officer

Status

Former

Former

Former

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