To strengthen e-commerce portfolio, Tata Digital Limited, a 100% subsidiary of Tata Sons Private Limited has acquired a majority stake in Supermarket Grocery Supplies Private Limited (BigBasket) in India. BigBasket is Indias largest e-commerce player in the Food & Grocery segment.
- BigBasket was founded in 2011 and has expanded its presence to 25+ cities across India since then.
- In the e-grocery space, BigBasket provides one of the largest assortments (50,000+ SKUs) and provides customers the convenience of home deliveries on preferred dates and time slots.
- BigBasket also operates a farm-to-fork supply chain with over 12,000 farmers and several collection centers across India to deliver high-quality fresh fruits and vegetables to its customers.
In May 2020,The Tata Group had entered into a partnership agreement with Sree Chitra Tirunal Institute for Medical Sciences and Technology (SCTIMST), Trivandrum, an Institution of National Importance, Department of Science and Technology, Govt. of India for commercial production of COVID-19 testing kits.
The kits will be based on RT-LAMP (Reverse Transcriptase Loop-Mediated Amplification) technology for COVID-19 detection which can produce results in significantly less time thereby increasing the throughput of labs in India.
The tests are expected to get approval shortly and production will commence soon after.
In May 2019,Tata Global Beverages Limited (TGBL) and Tata Chemicals Limited (TCL), at their respective meetings held, have approved the de-merger of the Consumer Products Business of TCL into TGBL through a National Company Law Tribunal (NCLT) approved scheme of arrangement (Scheme).
In Sep 2018, Tata Advanced Systems (TASL) and Lockheed Martin Corp. [NYSE: LMT] announced an agreement to commence production of F-16 wings in India for export. This strategic initiative positions TASL to become the provider of wings for all future customers and strengthens its role in the F-16 global supply chain. The landmark ‘Make in India’ move will also strengthen US-India defence ties.
About Tata Digital Limited:
Tata Digital is a wholly own subsidiary of Tata Sons Private Limited. Tata Digital established in in 2019, to build consumer-centric digital businesses for deep consumer engagement and their needs across multiple verticals – retail, travel, financial services.
About Tata Group
Tata group headquartered in Mumbai, India, is a global enterprise. The group operates in more than 100 countries across six continents. The group comprise of 30 companies across ten verticals such as chemicals, consumer products, energy, engineering, information systems, materials, and services. The group collectively employs approximately 750,000 people globally.
The group companies include Tata Consultancy Services, Tata Motors, Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Tata Advanced Systems, Indian Hotels and Tata Communications.