albert Chan
Although Tata Group is a large conglomerate with operations in 10 sectors and over 100 countries, Reliance Retail Ventures (a subsidiary of Reliance Industries) is the undisputed leader of India’s organized retail market.
At a time when Reliance Industries is consolidating its position within Indian retail and threatening the status quo of other major players, Tata Sons (the holding company of Tata Group) is acting to consolidate its position in retail too. Starting with the BigBasket investment, the company is looking to invest in 1mg, an online pharmacy, and develop a WeChat-like “super app.”
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