Tata Digital loss up nearly 6x in 2022; revenue grew threefold, shows data

According to Tata Neu's LinkedIn page, Tanishq and Titan Company have also joined the super-app

Tata Digital, the digital business unit of Tata Group, reported a loss of Rs 3,051.89 crore for 2021-22 (FY22), nearly 6x up from Rs 536.75 crore in the previous year, reveals data accessed by business intelligence platform, Tofler.

Revenue for FY22 jumped 3x per cent to Rs 15,979 crore, from 2020-21 (FY21) revenue of Rs 5,315.27 crore, said the company in its regulatory filings. Total expenses for the period were up over 200 per cent at Rs 19,316.3 crore, from Rs 6,069.4 crore in FY21.

The company stated in its filings that the major heads of expenses were other expenditures of Rs