Tuesday, March 25, 2008

Financial services business

As the table indicates, both Ratan- Tata and Kumar Mangalam Birla have a steep mountain to climb if they want their groups to become serious players in the financial services business. In many ways, the two are classic example of established business houses and families failing to exploit emerging opportunities in sunrise sectors (See Box). Their plight in financial services is not a stand alone exception. In yet another sunrise sector, telecom, both Tata and Birla are struggling hard to play catch up with the market leaders. Tata Teleservices and Idea are way behind market leaders like Airtel, Hutch, BSNL and Reliance. Perhaps the saving grace for them in telecom, in contrast to financial services, is that the duo have not yet been written off by analysts.

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