Noel Tata Pushes Back on ₹7,000 Cr Tata Digital Infusion as Losses Pile Up
Tata Trusts chairman Noel Tata has questioned Tata Sons' proposed ₹7,000 crore equity injection into Tata Digital, flagging aggressive 45% revenue growth assumptions and ₹9,000 crore in projected cumulative losses over three years. He even queried whether the group should continue owning Tata Cliq, as BigBasket's market share has slipped to 7% from 40% in 2021 amid quick-commerce onslaught.
What happened
Noel Tata questioned Tata Sons' proposed ₹7,000 crore equity infusion into Tata Digital's consumer businesses (BigBasket, Tata Cliq, Tata Neu), citing
Key facts
- ₹7,000 crore infusion
- ₹9,000 crore cumulative 3-yr losses
- 45% projected annual revenue growth
- BigBasket market share 7% vs 40% in 2021
- Air India FY25 loss ₹10,859 crore
Why this matters
Tata Cliq divestiture chatter and Tata Digital recapitalization friction signal a potential window for asset carve-outs or distressed acquisitions across the Tata digital portfolio over the next 12-18 months.