Tata Sons is a debt-free company on a net basis for the first time in 18 years.
The Tata group’s main holding and promoter company reported a gross debt of Rs 363.2 crore at the end of March this year, down sharply from Rs 22,176 crore at the end of FY23.
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Against this, the company reported cash and equivalents worth Rs 3,042 crore at the end of FY24, up from Rs 1,534 crore a year ago. This translated into a negative net debt of Rs 2,679.2 crore.
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At its peak, Tata Sons had an outstanding debt of
