Chandrasekaran to unveil fix-it plan for Tata's loss-making digital and aviation bets on May 26
Tata Sons chairman faces board on May 26 with roadmap for new-economy units after FY26 losses ballooned to Rs 29,000 crore against Rs 5,700 crore projected. Tata Digital (BigBasket, 1mg, Croma, CLiQ, Neu) has absorbed Rs 24,000 crore; Air India alone is bleeding $3bn this year.
What happened
Tata Sons chairman Chandrasekaran will present roadmap on May 26 for loss-making new businesses including Tata Digital (BigBasket, 1mg, Croma, CLiQ, Neu) and
Key facts
- Rs 29,000 crore FY26 loss
- Rs 5,700 crore projected
- Rs 24,000 crore invested in Tata Digital
- $3bn Air India loss FY26
Why this matters
Distressed Tata Digital assets (Neu, CLiQ, possibly non-core Croma or 1mg stakes) may become available for partnership, minority investment, or outright carve-out as the group narrows focus to Air India turnaround and profitable verticals.