Changing scenario: Debt-free Tata Sons has firepower for newer biz

A low leverage ratio, such as in 2005-06 and 2014-15, has been followed by a spurt in Tata Sons' equity investment in various listed and unlisted ventures

Tata Sons is a debt-free company on a net basis for the first time in 18 years.

The Tata group’s main holding and promoter company reported a gross debt of Rs 363.2 crore at the end of March this year, down sharply from Rs 22,176 crore at the end of FY23.
 

Against this, the company reported cash and equivalents worth Rs 3,042 crore at the end of FY24, up from Rs 1,534 crore a year ago. This translated into a negative net debt of Rs 2,679.2 crore.
 

At its peak, Tata Sons had an outstanding debt of