Wednesday, Jan 27, 2016
The trading and distribution arm of India’s Tata Group has moved into its purpose-built offices at the DMCC free zone in Dubai.
Tata International’s office premises will serve as a hub for the MENA region and will be shared by a number of group companies, namely Tata Sons, Titan, TCE, Tata Elxsi, Tata Interactive and York International. The office will also help support several other Tata Companies operating in the region.
Tata International, which has a turnover of $2.2 billion, has a network spanning 39 countries.
The company has been present in the Middle East since 1993, when it commenced operations in the Jebel Ali Free Trade Zone through a wholly owned subsidiary. Currently, its businesses in Middle East and North Africa comprise steel, products for the aluminium industry and infrastructure and construction equipment.
The group has been scaling up its operations outside of India, through both acquisitions as well as extending its network’s footprint.
In 2014-15, the revenue of Tata companies, taken together, was $108.78 billion. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of about $134 billion (as on March 31, 2015). Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals and Tata Global Beverages.
Staff Report
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