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Who is Noel Tata? Meet Ratan Tata’s half-brother—the dominant frontrunner to helm Tata Trusts | Mint

LivemintLivemint · 9m ago
Who is Noel Tata? Meet Ratan Tata’s half-brother—the dominant frontrunner to helm Tata Trusts | Mint
Medial

- Ratan Tata, patriarch of the Tata Group, passed away, leaving the conglomerate with the task of selecting his successor. - Tata Trusts, which owns a majority stake in Tata Sons, the holding company of the Tata Group, controls the conglomerate. - The final rites of Ratan Tata were conducted with full state honors, with the presence of family members and top Tata Group executives. - Noel Tata, Ratan Tata's half-brother, is the frontrunner to succeed him and has been a key figure in the governance of the trusts. - Noel Tata has been chairman of Trent Ltd, a successful apparel retailer under the Tata Group, and has held various positions within the group. - Noel Tata's children are also trustees of some family-linked charities associated with Tata Trusts.

Chairing Tata: How RNT set the leadership benchmark for his successors

LivemintLivemint · 9m ago
Chairing Tata: How RNT set the leadership benchmark for his successors
Medial

- The Tata group has been a cornerstone of Indian industry for over a century, with leaders such as J.R.D. Tata, Ratan Tata, and N. Chandrasekaran leaving a lasting impact on its trajectory. - J.R.D. Tata's 53-year tenure as chairman shaped the foundation and culture of the Tata group, while Ratan Tata and N. Chandrasekaran adapted to the challenges of their time. - Ratan Tata played a significant role in consolidating and strengthening the business empire, asserting authority over powerful leaders within the group. - Under Ratan Tata's leadership, the Tata group expanded its market reach globally through strategic acquisitions, including Tetley, Corus, and Jaguar Land Rover. - Cyrus Mistry, as Ratan Tata's successor, aimed to fix perceived flaws within the group, but his tenure was cut short due to conflicts and disagreements with Ratan Tata. - N. Chandrasekaran, known for his role in the success of Tata Consultancy Services, took on the challenge of continuing the group's progress while embracing technological advancements and addressing legacy concerns.

How Tata turned TaMo into a global auto powerhouse

LivemintLivemint · 9m ago
How Tata turned TaMo into a global auto powerhouse
Medial

- Ratan Tata transformed Tata Motors from a domestic truckmaker into a global automotive powerhouse. - He spearheaded the creation of the Tata Nano, the world’s cheapest car, which redefined affordable mobility for the Indian consumer. - Under his leadership, Tata Motors launched the Indica, India's first indigenously developed passenger car, showcasing India's emerging capabilities in car manufacturing. - Despite its commercial failures, the Tata Nano exemplified Tata's visionary approach and his desire to solve real-world problems through innovation. - Ratan Tata's most celebrated move was the acquisition of Jaguar and Land Rover (JLR) from Ford, which turned JLR into a significant contributor to Tata Motors' revenue. - He positioned Tata Motors as a leader in the electric vehicle (EV) revolution, making them a frontrunner in India's green mobility movement.

How Ratan Tata transformed Tata Group — a timeline | Mint

LivemintLivemint · 9m ago
How Ratan Tata transformed Tata Group — a timeline | Mint
Medial

- Ratan Tata, former chairman of Tata Sons, has been instrumental in establishing Tata as one of India's most recognizable brands. - Ratan Tata passed away at the age of 86 after being in critical condition at a Mumbai hospital. - He joined the Tata Group in 1962 and became the Chairman of Tata Industries in 1981, where he played a key role in promoting new ventures in high-tech businesses. - Ratan Tata introduced Tata Salt as India's first national branded salt in 1983, revolutionizing the market. - He became the Chairman of Tata Sons and Tata Trusts in 1991, succeeding Jehangir Ratanji Dadabhoy (JRD) Tata. - Under his leadership, Tata Motors acquired Jaguar-Land Rover from Ford Motors in 2008, making a successful foray into the luxury car segment.

Ratan Tata: The quiet force behind many startup successes

YourStoryYourStory · 9m ago
Ratan Tata: The quiet force behind many startup successes
Medial

- Ratan Tata, Chairman Emeritus of Tata Group, played a significant role in pioneering investments from the corporate world into Indian startups. - He invested in approximately 45 Indian startups, including Paytm, Snapdeal, Curefit, and Bluestone, in his personal capacity and through his investment arm, UC-RNT. - Many of his investments were made between 2015-2017, when Tata emerged as a leading angel investor in companies like Ola and Paytm. - Some of his investments, such as FirstCry, have yielded tremendous returns, with gains close to 450% for an investment made in 2016. - Apart from funding startups, Tata also held advisory roles at venture capital firms and had a wide impact on the Indian startup ecosystem. - His legacy as a business leader, known for his compassion, humility, and kindness, will continue to inspire millions.

Groww maintains lead over Zerodha and Angel One amid user base decline in June

EntrackrEntrackr · 8d ago
Groww maintains lead over Zerodha and Angel One amid user base decline in June
Medial

Groww maintains lead over Zerodha and Angel One amid user base decline in June The Indian stock market’s active user base has declined from a peak of 49.67 million in January to 47.89 million in June. However, it grew 2% month-on-month in the previous month, from 46.93 million in May. Groww maintained its leading position in overall active users with a 26.27% market share, despite a 1.67% drop in its user base, which declined to 12.58 million in June from 12.79 million in May, according to NSE data. Meanwhile, rival Zerodha retained its second spot with a 15.58% market share and 7.58 million users. However, it saw a 2.23% month-on-month decline from 7.75 million users in the previous month. Angel One holds the third spot with a 15.28% market share and 7.32 million users, narrowing the gap with Zerodha. Other major brokers, Upstox and ICICIdirect, held on to the fourth and fifth positions, respectively. Ratan Tata-backed Upstox (5.37% market share) saw a 3.36% decline in its user base to 2.57 million, while ICICIdirect (4.07% market share) maintained a steady user base of 1.95 million. Among traditional brokers, HDFC Securities (1.58 million users) and SBI Securities (1.01 million) recorded month-on-month growth of 1.32% and 1.65%, respectively. In contrast, Kotak and Motilal Oswal saw declines of 0.86% and 1.07%, respectively. Emerging broker Dhan retained its 10th position with 1 million users and a market share of 2.08%. Paytm Money’s user base grew by 2.74% to 7.24 lakh, while Sharekhan’s client base declined by 2.46% to 6.25 lakh. Both remained among the top 20 stock brokers. On the other hand, PhonePe’s Share.Market appears to be losing ground, with its user base declining by 3.52% in June to 3.47 lakh users.

Groww widens lead over Zerodha in active users; Dhan, INDmoney surge

EntrackrEntrackr · 5m ago
Groww widens lead over Zerodha in active users; Dhan, INDmoney surge
Medial

News All Stories Groww widens lead over Zerodha in active users; Dhan, INDmoney surge Despite its dominant position, Groww's month-on-month (MoM) growth slowed slightly as the platform added only 76,135 new users in January, reflecting a 0.58% increase from December. India’s stockbroking landscape continues to see major shifts as Groww maintains its lead with 13.23 million active users, according to the latest data from January 2025. The platform now holds a 26.66% market share among the stock broking apps. Despite its dominant position, Groww's month-on-month (MoM) growth slowed slightly as the platform added only 76,135 new users in January, reflecting a 0.58% increase from December. As per media reports, the Lalit Keshre-led company is targeting a public listing in 10-12 months, with a valuation goal between $6 billion to $8 billion. Meanwhile, Zerodha, once the market leader in India’s brokerage industry, saw a decline in its user base. The discount broker ended January with 8.08 million active clients, down from 8.12 million in December. This slowdown highlights increasing competition in the sector, with users migrating to newer platforms offering more features and incentives. Angel One, the third-largest broker, also maintained strong numbers, recording 7.77 million active clients with 15.65% market share. However, its M-o-M growth remained modest at 0.18%. Other major brokers, including Upstox and ICICIdirect, continue to hold their positions but with mixed performance. While Ratan Tata-backed Upstox reported 2.86 million active users, ICICIdirect reached 1.95 million clients with a 0.13% growth. Among traditional players, HDFC Securities showed a 2.82% MoM growth whereas Kotak Securities had a marginal increase of 0.08%. Emerging broker Dhan saw one of the highest growth rates. The firm expanded its user base by 3% to 960,668 active clients. Similarly, INDmoney posted a 3.50% MoM growth. While some legacy players such as Sharekhan, Paytm Money, and 5paisa registered a decline in users, newer entrants like Share.Market grew by 6.09%, signaling a shift in investor preferences. When it comes to revenue, Zerodha is the largest player among new-age stockbroking apps, with Rs 9,372 crore in revenue and Rs 5,496 crore in profits in FY24. Groww's revenue surged to Rs 3,145 crore in FY24, while Upstox reported Rs 1,311 crore in revenue with a Rs 190 crore profit. Groww incurred losses due to a one-time tax payment for shifting its domicile.

Pristyn Care lays off around 120 employees as it targets profitability and IPO

EntrackrEntrackr · 1y ago
Pristyn Care lays off around 120 employees as it targets profitability and IPO
Medial

Surgery-focused hospital chain Pristyn Care has reduced its workforce by 7% as the firm eyes profitability and initial public offering in the next few years. Pristyn Care said that it is discontinuing three redundant categories and the move will impact less than 7% of the 1,700 employees, with the majority in entry-level and support functions. It has also decided to exit six cities that were not adding adequate value to the business. “These changes are essential to align with the company’s strategic vision of efficiency, performance excellence, and long-term sustainability,” said the company in a press release. The firm will also provide comprehensive support to affected employees which includes full notice periods and severance packages, accelerated vesting of Employee Stock Ownership Plans (ESOPs) for the next three months and extended medical insurance coverage for employees and their families for the next six months. This is the second instance of layoffs at the Gurugram-based company in the past 12 months. In March 2023, it let go of around 45 employees because of their poor performance. Meanwhile, Pristyn Care has announced its ambitious goal to achieve profitability by FY25. The organisation has revealed plans for an IPO by 2027. Pristyn Care managed to grow its operating scale by 44.7% and cross Rs 450 crore mark in the fiscal year ending March 2023 or FY23. Its losses grew 38.27% to Rs 383 crore during the last fiscal year. As per the company, it has managed to reduce its marketing costs by 50% in the past year with an additional 20% reduction in the last quarter. The firm targets to reach Rs 900 crore in revenue by 2024, which is 100% growth year-on-year and the company is also on track to reduce EBITDA Losses by 50% YoY. Pristyn Care raised around $85 million from Peak XV Partners, Tiger Global and others to enter the unicorn club in December 2021. The firm also acquired Ratan Tata and Tiger Global-backed company Lybrate in June 2022.

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