Cyrus Mistry bets on digital business

The digital wave across the world is so strong that it has made the 147-year-old Tata group, predominantly a brick-and-mortar conglomerate, sit up and take notice. Cyrus Mistry, who has completed over two years as chairman, is bringing about a culture change to make this 'elephant' dance to the tune of a new age economy Stock Market Trading Tips

At an internal leadership meet at NCPA in south Mumbai, Mistry presented a to-do list which includes measures the group needs to take to succeed in a VUCA (volatility, uncertainty, complexity and ambiguity) world. There is a sense of urgency in the manner in which the 47-year-old Mistry is executing his 2025 vision of getting a quarter of the world's population to experience the Tata Group's commitment to improve quality of life of communities and customers.

The vision also aims at making the group achieve a market capitalization that will be comparable to the world's 25 most valuable companies. As of March 31, 2015, the Tata Group had a market capitalization of $134 billion, up by 17% over the previous year, ranking it at 47 in the world Himanshu Tiwari Astrologer

Mistry, who took over the mandate to helm the salt-to-software conglomerate from Ratan Tata in December 2012, stressed on the need to identify new opportunities in the face of discontinuity, a fact he clearly acknowledged to the 1,000-odd Tata executives. To meet the objective, Mistry said he wants "entrepreneurial people", probably hinting at acquiring talent with such behavioural traits as well as fostering such characteristics in existing talent.

Pointing towards the $100 billion plus Tata Group's entry into new age sectors, Mistry said he was keen that leaders foster "experimentation and accept risks in the pursuit of new capabilities and next generation businesses".

The Tata Group said that it will venture into e-commerce, digital health and customer analytics. The group has, for the first time, spoken about its e-commerce venture, which will be a marketplace modelled on the likes of Amazon and Flipkart. The venture, housed under Tata Industries, which promotes new businesses, will offer both Tata and non-Tata brands across lifestyle and electronics. The omni-channel market place will seamlessly integrate store shopping and online buying and will be powered by technology platforms, systems and processes managed through collaboration with other Tata companies Financial Astrology

Tata Industries will be the vehicle for the group's entry into digital health and wellness business as well as customer analytics. In digital health, it will connect hospitals, pharmacies, laboratories and consumers, enabling preventive and predictive healthcare. Besides, it will get into customer analytics, which will help the group mine data across companies and businesses and help unveil new opportunities.

Under Mistry's chairmanship, the group's revenues grew to $109 billion in fiscal 2015, up 5.3% over the previous year. The group invested about $10 billion in FY 15, where 68% of its revenues came from outside India. Mistry said "sustainable profitable growth is the key building block for long-term stakeholder value creation Share Market Astrology