MUMBAI – The release of a new business report has taken Tata to a new height. In the year 2019, the company has witnessed a jump of over 35% and entered the top 100 spots on the global brands’ list. Currently, Tata company is placed at 86th spot and the current net worth lands the company at $19.5 billion post the remarkable jump of 37.5%.
The report was released by London based consultancy, Bajaj Finance, and it mentioned the shift of Tata from 104 in 2018 to 86 in 2019. Also, it is the only domestic brand in the list of top 100 global brands.
Brand Finance chief executive David Haigh said, “The Tata group has seen an impressive increase in brand value in 2019, and have been rewarded by being the only Indian brand within the top 100 most valuable brands in the world.” Tata group released this statement of David Haigh and also shared its views on this achievement.
Tata Sons chairman, N Chandrasekaran, responded and said, “This recognition will encourage us to drive our businesses in a socially responsible manner globally while continuing to strive for excellence through innovation and entrepreneurship.”
David Haigh cited that the improvement in the brand value of Tata group is because of group’s cash-cow Tata consultancy services. He further shared that the automotive and steel companies of the group also contributed significantly to the growth of the Tata group.