Tata Group has emerged as the only Indian corporation in a global list of the top 50 'Most Innovative Companies'. The salt-to-software conglomerate was ranked number 43 in the Boston Consulting Group's 2014 rankings.
Tata Group has emerged as the only Indian corporation in a global list of the top 50 'Most Innovative Companies'. The salt-to-software conglomerate was ranked number 43 in the Boston Consulting Group's 2014 rankings.
The only other diversified conglomerate that made it to the top 50 was Anglo-Dutch multinational Unilever, which was ranked at number 49, behind Tata Group .
Tata Group did not feature in the list in 2013, and makes a comeback this year. It was ranked at Number 47 in 2012.
However, the group has seen a steady decline in the rankings since 2008 when it was ranked at number 6, only to make a marginal recovery this year from its slump in rankings.
From number 6 position in 2008, it dropped to 13 in 2009, 17 in 2010 and 47 in 2012.
Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise headquartered in India, and comprises over 100 operating companies, with operations in more than 100 countries, exporting products and services to over 150 countries.
Tata Group has companies like Tata Steel, Tata Motors (that owns Jaguar Land Rover) and Tata Consultancy Services in its stable.
Apple, which topped the list in 2014, has been consistently holding on to the top spot since the rankings started in 2005.
In this year's list Apple was followed by Google, Samsung, Microsoft and IBM respectively to round off the top 5.
The Boston Consulting Group surveyed 1,500 global senior innovation executives. The survey revealed that 61 per cent indicated that they are spending more on innovation this year than in 2013 and innovation is among the top three priorities for their companies.
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