LARGE SCALE, SMALL PROFITS Tata has grown, mainly through acquisitions, from a $5 billion group to a $68 billion giant during Ratan Tata's time in charge. But scale and scope have not translated to big profits and pose a key challenge for Tata's successor. In the fiscal year ending in March 2010, the most recent year for which group data is available, Tata's 98 units generated revenue of $67.4 billion but turned profits of just $1.7 billion. "Investors would definitely like to see a ...
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