Tata International, the Rs 7,000 crore (Rs 70 billion) business gateway of the Tata Group, has reorganised operations to focus on two business lines - leather and engineering.
Its steel and minerals businesses have been absorbed by Tata Steel, while the spare parts division of its engineering division will be a part of Tata Motors. The restructuring took effect from April 1, 2006.
Before the rejig, Tata International was into five business segments - steel, engineering, minerals, bulk commodities and chemicals.
"As of April 1, in line with the internationalisation methodology being adopted by the group, Tata Steel has absorbed Tata International's steel and minerals global business units back into its fold," said a Tata International spokesperson.
"Similarly, Tata Motors, too, has absorbed the spare parts division of TIL's engineering GBU into their company. This is in order to streamline their internationalisation activities with their organic and inorganic growth plans," the spokesperson added.
One of the country's largest trading companies, Tata International is into a gamut of activities - ranging from sourcing products to delivery. It has a global network spreading across more than 100 countries with major markets in Europe, West Asia, the Far East, Ocenia and the Saarc countries.
Tata International's engineering business is involved in international marketing, global sourcing, warehousing, distribution and supply chain management.
