mumbai the tata group is set to foray into ecommerce digital health and data analytics as the 147yearold conglomerate seeks new growth drivers the new businesses are housed under tata industries which is usually the vehicle for investing and promoting sunrise ventures the groups internal leadership meeting on wednesday also saw its chairman cyrus mistry making a pitch for entrepreneurial talent to foster experimentation and accept risks in the pursuit of new capabilities and next generation businesses the group has for the first time spoken about its ecommerce venture which will be a marketplace modelled on the likes of amazon and flipkart it will offer both tata and nontata brands across lifestyle and electronics the omnichannel market place will seamlessly integrate store shopping and online buying and will be powered by technology platforms systems and processes managed through collaboration with other tata companies in digital health it will connect hospitals pharmacies laboratories and consumers enabling preventive and predictive healthcarethe analytics foray will see the group mining customer data across companies and businesses helping to unveil new opportunities the entry of indias largest conglomerate with revenue topping 100 billion into ecommerce could raise the competitive stakes in a rapidly growing but heavily bleeding online commerce sector a recent morgan stanley report estimated that domestic internet market will touch 137 billion by the end of this decade the new businesses are part of mistrys 2025 vision to be among the worlds 25 most valuable companies in march this year the tata group had a market capitalization of 134 billion up by 17 over the previous year ranking it at 47 in the world reliance industries aditya birla and arvind ltd have unfurled plans to tap the countrys consumer internet boom at the meeting held at ncpa in south mumbai mistry presented a todo list which includes measures the group needs to take to succeed in a vuca volatility uncertainty complexity and ambiguity world he stressed on the need to identify new opportunities in the face of discontinuity a fact he clearly acknowledged to the 1000odd tata executives under mistrys chairmanship the groups revenues grew to 109 billion in fiscal 2015 up 53 over the previous year the group invested about 10 billion in fy15 where 68 of its revenues came from outside india mistry 47 said sustainable profitable growth is the key building block for longterm stakeholder value creation tata group observers said there appears to be a sense of urgency in the manner in which mistry is executing his objective of getting a quarter of the worlds population to experience the tata groups commitment to improve quality of life of communities and customers by reeba zachariah tnn published on jul 30 2015 at 1209 pm ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators