Archive · 22 Sep 2025
Independent Director Urges Tata International to Improve Strategy
Imagine a big company, Tata International, that buys and sells things like iron and food.
They've been losing money recently.
An important person named Harish Manwani told the boss, Noel Tata, they need a better plan.
He thinks the company should focus on trading to make money consistently.
The company lost money due to low profit margins in trading, and also some foreign exchange losses.
The company made a profit in 2023 but lost money in 2024 and 2025.
The goal is to make sure the company is making profits again and has a clear plan for the future.
An independent director urged Tata International to refine its business strategy.
Tata International has reported losses for the past two fiscal years.
Harish Manwani questioned the strategic purpose of Tata International.
Noel Tata acknowledged the strategic challenge and factors contributing to losses.
Tata Sons invested ₹780 crore to increase its stake in Tata International.
- Who
- Independent Director Harish Manwani and Noel Tata
- What
- Manwani urged Tata International to refocus business strategy due to losses.
- When
- During a Tata Sons board meeting.
- Where
- Tata Sons board meeting.
- Why
- To improve profitability and clarify strategic objectives.
Views of Harish Manwani
Views of Noel Tata
Strategic Focus
Views of Harish Manwani
Need for clearly defined objectives and a robust strategy for consistent profits.
Views of Noel Tata
Acknowledged the strategic challenge and factors behind losses.
- Company
- Tata International Ltd (TIL)
- Independent Director
- Harish Manwani
- Financial Status
- Losses for past two fiscal years
- Primary Business
- Trading iron ore, coal, and agricultural goods
- Recent Investment
- Tata Sons invested ₹780 crore, increasing stake to 66.85%
- Revenue FY25
- ₹31,868 crore
- FY25 Loss
- ₹477 crore