Tata Group targets $500bn revenue by 2021

Tata Group targets revenues of USD 500 billion by the financial year ending in March 2021,a newspaper report said, as the steel-to-software conglomerate aims to increase sales five times over nine years.
Ratan Tata, outgoing chairman of the group, which includes flagship companies Tata Consultancy Services , Tata Steel and Tata Motors , unveiled the growth plan at a meeting with around 500 senior group executives last month, the newspaper said.
A spokesman for the group declined to comment on the report when contacted by Reuters.
Chairman Tata will step down in December this year, and will be succeeded by Cyrus Mistry, deputy chairman and a former member of the board of holding company Tata Sons.
The 74-year-old has led the conglomerate since 1991 and has embarked on a global shopping spree that has brought companies such as UK tea brand Tetley, European steelmaker Corus and luxury car manufacturer Jaguar Land Rover into the Tata stable.
Around two-thirds of its revenue is generated overseas. The group posted revenues of USD 83 billion in the financial year ending in March 2011, and is expected to see revenues of USD 100 billion in the year that ended last month, the newspaper said.
  Dhananjay Singh