Tatas to launch online shopping channel

Sanjeev Sharma

Tribune News Service

New Delhi, July 29

Tata Group’s revenue for 2014-15 is at $108.78 billion, up 5.3% over the previous year with 68% of the revenue coming from overseas operations. The group will launch digital initiatives this year, including an online shopping channel and wellness platform.

Sharing the group’s financial performance in 2014-15, Tata Group chairman Cyrus P Mistry today said the revenue had grown from $103.27 billion in the previous year to $108.78 billion.

He asked Tata companies to ensure sustainable profitable growth and to develop agile businesses amid a changing and volatile world business environment. He was addressing the group’s leadership and senior management at the Tata Group’s Annual Group Leadership Conference (AGLC).

“Sustainable profitable growth is the key building block for long-term stakeholder value creation,” he said.

He highlighted the opportunities across the globe and those presented by a rapidly growing Indian market whose relative importance in the global economy would substantially increase by 2030.

Several digital businesses and enablers were also presented by the teams concerned. These include an omni-channel market place which will seamlessly integrate store shopping and online buying, offering renowned brands, both Tata and non-Tata, across lifestyle and electronics categories.

Another initiative will be a digital health and wellness platform for providers and consumers enabling preventive and predictive healthcare. It will connect retail clinics, multi-speciality clinics, pharmacies and laboratories with individual consumers, healthcare providers and wellness centres.

A third digital initiative, based on analytics, is aimed at arming Tata companies with sharp and comprehensive consumer insights. The newly formed Consumer Analytics Division at Tata Industries will create a holistic view of the customer, unveiling new business opportunities at the company, cluster and group level.