Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Tata Group Becomes First Indian Business House To Cross $100bn Revenue Mark In FY12

Tata Group has attained another milestone and has become the country's first conglomerate to cross USD 100 billion revenue.

Tata Group consists of over 100 companies, including 31 listed entities. The total revenue of the group rose 20 per cent to USD 100.09 billion from USD 83.3 billion in the previous year.

At the same time, the group's profit-after-tax slipped by 9.4 per cent to USD 5.23 billion during the year.

The group's total revenue rose to Rs 4,75,721 crore, while profit-after-tax fell to Rs 25,112 crore in 2011-12. The total assets rose by 27.5 per cent to Rs 3,73,026 crore.

The group's revenue from its international operations has touched USD 58.5 billion and rose 21 per cent from year ago levels.

The group is present in more than 80 countries in Asia, Africa, America, Europe and Australia and has presence in wide variety of sectors including information technology, steel, automobile, power, hospitality, telecom, chemicals, consumer goods, retail, engineering and chemicals sectors

TCS