Tata Sons, the holding company of Tata Group, has restructured the conglomerate into 10 verticals under consumer, trading and investments categories,
The Economic Times reported.
The holding company’s representatives will head the verticals and ensure coordination and smooth functioning of the businesses in each of them, the report said citing two people with knowledge of the plan.
The move, as per the report, will help Tata Sons chairman N Chandrasekaran to synergise operations and cut costs.
The report said that the group has already merged its hotels and aviation businesses — Indian Hotels and joint ventures Vistara and AirAsia — under the travel and tourism vertical.
