Tata Group, a global business giant, plans to create half a million new jobs across various sectors over the next five years. The company’s chairman, N Chandrasekaran, expressed optimism for the future, highlighting the potential of AI-led breakthroughs in healthcare and mobility. The new job opportunities will be distributed across sectors such as semiconductors, electric vehicles, solar equipment, and other critical hardware industries. The company currently employs over a million people, with Tata Consultancy Services (TCS) making up 60% of the workforce.
Tata Group has recently started building seven new manufacturing facilities, including India’s first semiconductor fab in Dholera, Gujarat. The company’s combined revenue for FY24 crossed $165 billion, with a net profit exceeding $10 billion. Chandrasekaran paid a heartfelt tribute to Ratan Tata, the company’s former chairman, in his year-end note. He emphasized the company’s commitment to India’s future and highlighted the potential of AI-led breakthroughs in healthcare and mobility to help humanity.