Tata group clocks Rs 2,650 crore in revenue from defence and aerospace

MUMBAI: For FY 2015-16, the Tata Group’s estimated revenue from the Defence and Aerospace sector is around Rs 2,650 crores, an increase of 7.5% from last year, said Mukund Rajan, member group executive council and brand custodian Tata Sons.

Follow @ETDefence Twitter handle for comprehensive coverage on other buzzing Defence stories

In the last five years, the revenue from the defence and aerospace business of the Tata Group has grown at a compound rate of 18% added Rajan.

A significant number of Tata companies are currently engaged in providing support to the country’s Defence and Aerospace sector. These include – Tata Advanced Systems Limited and its subsidiaries, Tata Advanced Materials, Tata Motors, Tata Power Strategic Engineering Division (SED), TAL Manufacturing Solutions, Tata Technologies, Tata Consultancy Services, Tata Steel, Tata Elxsi and Titan Company (Precision Engineering Division).