The burden of being Noel Tata

For the last two decades, he has steered Trent with limited resources. But that may not be enough given his competitors’ deep pockets.

Trent Ltd is India’s fourth largest organized retailer. While that doesn’t sound too bad, given that the organized retail sector is estimated at $91 billion, the reality is that the top two competitors are leagues ahead, and it has little chance of playing catch-up.

Not only are Reliance Retail Ltd and DMart owned by Mukesh Ambani and Radhakishan Damani, respectively, two of the country’s richest men, their businesses have been going from strength to strength.  

Privately held Reliance Retail Ventures Ltd, the holding company of Reliance Retail, on 31 August, issued 170,758,520 shares at Rs 672.25 to parent Reliance Industries …

Author

Varun Sood

Varun is a Bengaluru-based journalist and former writer at The Morning Context. In his thirteen-year stint as a print journalist, he had worked with a number of publications, including Business Standard, the Financial Times, The Economic Times and Mint.

newsletters+vsood@themorningcontext.com