How did Tata's unlisted firms fare in FY14?

TCS continues to be the blue-eyed boy for the Tata Group, accounting for nearly 96 percent of the group's dividend income.But while FY14 has been relatively flat for holding company Tata Sons in terms of dividend received from its group companies, CNBC-TV18’s Sajeet Manghat and Arvind Sukumar report that new businesses like real estate and insurance are on the verge of a breakout.Cyrus Mistry may be hard-pressed to find another crown jewel like TCS among his group companies.FY14, a year Mistry himself characterised as challenging, saw the Tata Group's dividend income slip only marginally to Rs 3,770 crore. A whopping 96 percent of this money, or Rs 3,627 crore, came from TCS.Of the 11 Tata group companies that paid a dividend to Tata Sons last year, only two increased their dividend payout -- Ewart investments, an investment arm of Tata Investment Corp and Tata Housing Development. Tata Housing's dividend payout rose nearly 58 percent to Rs 27.35 crore and Ewart Investments paid Rs 5 crore -- double the amount it paid in the previous year.But these three companies are not the only reason Mistry can wear a broad smile.Many of the group's companies, have entered a growth phase, and have either started posting profits or trimming their losses.The group's real estate arm, Tata Realty, saw profits jumping 58 percent to Rs 57.74 crore while its housing arm, Tata Housing Development, saw profits surge 255 percent to Rs 61.45 crores.Its engineering consulting arm saw profits double to Rs 46.94 crore, its life insurance arm, Tata AIA Life, saw profits jump 25 percent while general insurance arm, TATA AIG, saw profits rise 54 percent.However, it should be noted that neither of these insurance companies paid a dividend this year. The Tata group's ventures in advanced R&D and defense have also done well. Tata Advanced Systems, which works in the high-tech sector, posted a profit of Rs 38.57 crore against Rs 69.5 lakh last year and its defence JV Tata Lockheed Martin saw losses shrink to Rs 5.66 crore, from Rs 15 crore.The group's DTH arm Tata Sky is also doing better, with losses falling from Rs 228 crore, to Rs 157 crore.In the retail space, Tata Group's 100% retail arm Infiniti Retail, which runs electronic store chain Croma, posted a loss of Rs 82.14 crore.Clearly, the group has a lot to look forward to, especially as the economy gets back on its feet. And while it may not have another TCS overnight, there are more than a few waiting in the wings to take the group's fortunes to new heights.