Tata Group to add another half-million jobs in next five years

Tata Group Chairman N Chandrasekaran is looking forward to 2025 with hope and optimism. In his New Year message to employees, Chandrasekaran said the conglomerate plans to add another half-million jobs in the next five years. The group currently employs over one million people, with Tata Consultancy Services (TCS) accounting for 60% of the total workforce. Tata Steel comes in a distant second with a headcount of 78,321.

These jobs will be spread across key sectors such as semiconductors, electric vehicles, solar equipment, and other critical hardware industries, said Chandrasekaran. He also touched on the year’s geopolitical upheavals, including ongoing conflicts in Ukraine, Gaza, and Sudan, and the growing focus on resilience over efficiency in global supply chains.

He further added that our retail companies continue to scale up and Indian hotels’ TAJ brand continues to be the world’s strongest hotel brand. Not surprisingly, the stock of Trent and Indian Hotels has rallied the most among group companies. Shares of Trent have rallied as much as 131% in 2024, while those of Indian Hotels have almost doubled to ₹868.30 during the same period.

Additionally, the group also anticipates generating numerous jobs in sectors like retail, technology services, aviation, and hospitality. “I am particularly excited by two areas where economic opportunity and social progress converge: AI and manufacturing,” said Chandrasekaran.

The group recently began construction activities at over seven new manufacturing facilities, including India’s first semiconductor fab in Dholera, Gujarat and a brand new semiconductor OSAT plant in Assam. Other facilities that were launched in the recent past include an electronic assembly plant in Karnataka, an automotive plant in Tamil Nadu and new MRO facilities in Karnataka, and among others.

The combined revenue of the group companies surpassed $165 billion in FY24, with net profit crossing the $10 billion mark. There are 26 companies listed on the bourses with a combined market capitalisation of $373 billion as of December 26, 2024. The group’s market capitalisation has increased by 12.4% in 2024 against 9.3% gains yielded by the benchmark Nifty50 during the same period.

The group chairman also paid a heartfelt tribute to Ratan Tata, whose passing earlier this year left an irreplaceable void within the Group and by and large, India Inc. “Our Group has lost an irreplaceable role model and leader. And I have lost a cherished mentor and friend,” Chandra wrote.