Twist in corporate drama: Tata's financial shape worse than in FY15, FY19

The analysis is based on the annual audited consolidated finances of all listed Tata Group firms for the respective financial years

The National Company Law Appellate Tribunal’s (NCLAT’s) decision comes at a time when the group is facing headwinds in most of its key operating companies, except cash cow Tata Consultancy Services (TCS).
 
The problems have deepened given the slowdown in the domestic market and issues in international businesses. Tata Motors’ domestic business of commercial vehicles and passenger cars faces challenges and Jaguar Land Rover sales, too, have slowed globally.
 
Tata Steel’s Corus $13-billion acquisition in 2007 has failed to yield dividends and only bloated its debt. Since then, Tata Steel has scaled back UK operations substantially and the