The National Company Law Tribunal (NCLT) has permitted Tata Consumer Products (TCPL) to merge its fully owned subsidiaries, Tata Consumer Soulfull, NourishCo Beverages, and Tata SmartFoodz with TCPL. This is consistent with the company's goal of streamlining and simplifying operations. This legal entity structure consolidation will create synergies and efficiencies.
According to the company, these business divisions' operational structures have not changed, and they will continue to concentrate on their three product portfolios: millet-based goods, ready-to-drink goods, and ready-to-cook/ready-to-eat goods. It further stated that Tata Consumer Products' growth operations include these product portfolios.
Sunil D’Souza, MD & CEO, Tata Consumer Products said, "We have been reorganising our business in line with our strategic priorities - to unlock synergies and create a future-ready organisation. This merger is one more step towards building a simplified and agile business. It will enable administrative and financial synergies."
He went on to say that keeping these companies' current operating structures will guarantee consistency and keep their attention on the expansion plan.
The main food and beverage businesses of the Tata Group are combined under the corporate roof of Tata Consumer Products, a targeted consumer goods firm. Tea, coffee, water, RTD, salt, legumes, spices, ready-to-cook and ready-to-eat foods, breakfast cereals, snacks, and mini meals are among the products offered by the company.
The world's second-biggest manufacturer of branded tea is Tata Consumer Products. Some of its most well-known beverage products are Himalayan Natural Mineral Water, Tata Copper+, Tata Gluco+, Organic India, Eight O'Clock Coffee, Tetley, and Tata Tea. Brands include Tata Salt, Tata Sampann, Tata Soulfull, Ching's Secret, and Smith & Jones are among those in its food portfolio.
