Tata Group Chairman N Chandrasekaran on Monday that Tata Consumer Products Ltd (TCPL) will come out as a full-fledged FMCG company. TCPL came into existence when two of its subsidiaries, i.e. Tata Global Beverages and Tata Chemicals formed a merger.
The merger took effect from February after it was decided that Tata’s consumer business will de-merge from Tata Chemicals. And the latter would be merged with Tata Global Beverages Ltd. (TGBL). Tata Consumer Products Ltd. was previously known as Tata Global Beverages Ltd.
This merger, like all other ones, will provide numerous benefits to the group with respect to the growth and expansion of the business. It will also provide new business opportunities, both in the domestic as well as international markets, according to Chandrasekaran.
He also acknowledged the effects of COVID-19 on the group’s overall business and said that the company’s supply chain is recovering slowly from it. However, Chandrasekaran sounded very positive about the future of the company in the wake of the pandemic and is confident that it will bounce back to business pretty soon!
TCPL is looking forward to creating a vast portfolio that would consist of a wide range of products. The company’s main focus would be on processed and packaged foods as these products are doing quite well in the market during the pandemic.
The new FMCG Company aims to make its presence felt worldwide in countries like the USA, the UK and Canada, through strong distribution and marketing channels. The company would also be an “integrated food and beverages company”, said Chandrasekaran.