TATA, world's 6th most innovative company

India’s two leading conglomerates, Tatas and Mukesh Ambani-led Reliance Group, have made it to the league of the world’s 25 most innovative companies, riding on the cheapest commercial car Nano and an aggressive growth path, respectively.

In the list of world’s 25 most innovative companies released here on Friday, Tata group is ranked at the sixth position, while Reliance Industries is at 19th spot. The list, published in the April 28 edition of BusinessWeek magazine that hit the newsstands on Friday, has been compiled by the US financial publication in collaboration with Boston Consulting Group.

Both Tata and RIL have made it for the first time to the annual list which is topped by Apple Computer, the maker of iPod music players and Mac personal computers. Apple is followed by Internet search giant Google, Japanese auto major Toyota, industrial conglomerate General Electric (GE) and software behemoth Microsoft in the top five.

About Tata group , BusinessWeek said that “Mumbai-based conglomerate jumps onto our list for the first time, fuelled by its paradigm-busting 2,500 dollar ‘Nano’ car for the masses”.

“The car, from its Tata Motors unit, is the world’s cheapest, thanks partly to a distribution model that sells the auto in kits to entrepreneurs who assemble them for buyers.”

About RIL, it noted that “the Indian petrochemicals giant made it onto our list this year thanks to fans of its aggressive growth. “But its ambitious plans to reach into grocery retailing, which is dominated in India by small shopkeepers who have rebelled against corporate entrants, have faltered,” it added.

Above news courtesy: TimesofIndia

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  • Sachin

    It is a proud moment for all the TATA Group ( i am a part of it 🙂 ) ………… Nano has been a high point no doubt but what needs to be seen is whether TATA Motors really make any money from the venture…………

  • Liju Philip

    you work for the TATA group? which subsidiary?

    I have no doubts that Nano will make money, but iam not so sure about Jaguar and Land Rover. They might bleed for a few more years before they turn profit.

  • Sachin

    Yes……… TAL Manufacturing Solution ltd…………. former growth divison of TATA MOTORs…….the reason i am doubting whether they will make money or not is because before introducing Nano ……..TML had gross profit of 6-7 % ………… it is fair to assume that for every indica they sell they make Rs 6 /- on a investment of Rs 100 /-……… Indica is not the cheapest in its class……….. Nano is the cheapest car in the world……….. the question is how much are they gonna make……… more then Rs 6 or less…………if less then it is not a good deal…………..

  • Liju Philip

    A lot of cost cutting would need to be done and a hell lot of efficiency needs to be maintained to keep nano, jaguar and LR in the black.

    Maybe the volumes of Nano that they plan to sell might do some trick to the balance sheet. Look at how Moser Baer is selling cds of movies at 45 rupees. Maybe the TATAs have something up their sleeve. Lets wait and watch.

  • Amit

    I guess I should be happy too, as I work for TATA too. But I don’t think my subsidary has anything to do with nano. Anyways, “Yay” to TATA. 🙂