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Salt-to-software conglomerate Tata group's combined turnover has slipped below USD 100 - billion mark due to a fall in rupee, despite an over ten per cent growth in total revenue when measured in Indian currency.
Tatas have, however, emerged as the country's first business house to record an annual turnover of more than Rs five lakh crore in rupee terms, while its headcount rose by nearly 88,000 persons to over 5.4 lakh employees in 2012-13.
The group, with over 100 operating companies, saw its total revenue rise by 10.8 per cent to Rs 5,27,047 crore in last fiscal, from Rs 4,75,721 crore in previous year.
However, a fall of over 14 per cent in rupee value against the US dollar during the fiscal 2012-13 resulted into Tata group recording a fall of over three per cent in its USD dollar revenue during the year.
In US dollar terms, Tatas' total revenue stood at USD 96.79 billion in 2012-13, down 3.3 per cent from USD 100.09 billion in the previous year, according to latest financial information published by the group.
Last year, Tatas had become the country's first and only business house to cross the turnover of USD 100 billion.
The group has used an exchange rate of Rs 54.45 for one US dollar for 2012-13, and that of Rs 47.53 for previous year.
The revenue figures for group companies are consolidated and net of excise duty, wherever applicable.
While the group has not disclosed its total profits for the latest fiscal (2012-13) so far, its profit after tax had slipped by 9.4 per cent to USD 5.23 billion in 2011-12.
The revenue in the fiscal 2011-12 had risen by about 20 per cent from USD 83.3 billion in the year 2010-11.
In Indian rupee terms, the revenue growth was higher at 25.3 per cent in 2011-12 and fall in profit was lower at 4.5 per cent.
The group's international revenue continues to account for more than half of total worldwide turnover and rose by 2.7 per cent to USD 60.7 billion in 2012-13. Besides, its net forex earnings almost doubled to USD 3.05 billion in 2012-13, from USD 1.59 billion in the preceding fiscal.
Its total assets, however, fell marginally by 1.3 per cent to USD 107.17 billion in 2012-13. The group currently commands combined market capitalisation of close to USD 100 billion with 32 listed companies.
The international operations and overseas acquisitions have played a significant role in the group's revenue growth