Tata Sons' insurance, auto subsidiaries defy Covid-19 pandemic blues

Telecom, airline businesses continue to remain a drag for holding company

Tata Sons key unlisted subsidiaries reported double-digit growth in revenues and contraction in their losses on a consolidated basis in FY21 despite the economic disruption caused by the Covid-19 pandemic.
 
The combined turnover or total income of Tata Sons’ 40 biggest unlisted subsidiaries was up 17.8 per cent year-on-year (YoY) to Rs 80,720 crore in FY21 from Rs 68,538 crore a year ago. The combined net loss of these subsidiaries narrowed to Rs 10,654 crore last financial year from a combined net loss of Rs 16,839 crore a year ago.
 
The growth was led by insurance, retail lending,