Have a look at video where Ratan Tata speaks that how Tata Group is different than Reliance group. A few key major points are as listed below:
Tata Group is a conglomerate of diverse business streams spread across over 100 companies in 6 continents. On the other hand, Reliance is one big company, with diverse footprint.
TCS is a global company, all their gains and losses are related to their globalization. However, while Reliance did purchase some gas companies in the US and occasionally in Europe, it remains largely an Indian entity.
The Tatas have expanded globally mostly through debts while Reliance is an almost debt-free company.
Notwithstanding whatever be the differences, however a major difference is the TRUST factor on which Tata group beats Reliance beats hands down. Have a look at the video below:
Despite being called a group, TCS is actually a loose federation of businesses ran independently, each having its own growth trajectory. As for Reliance, it is centrally controlled by its promoter Mukesh Ambani, despite the fact that several professionals also run the operations in major strategic business units.
In an interview to The Times of London, published in its magazine section Saturday, Tata reportedly criticized Ambani’s opulent home. He’s quoted as saying: “ It makes me wonder why someone would do that... The person who lives in there should be concerned about what he sees around him and [asking] can he make a difference. If he is not, then it's sad because this country needs people to allocate some of their enormous wealth to finding ways of mitigating the hardship that people have," However, later some clarifications were given to avoid the issue getting snowballed.
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