In keeping with the Tata philosophy of leadership in sectors of national economic significance, Tata's identified the most promising opportunities for growth in the Indian real estate and infrastructure arena, and setup Tata Realty And Infrastructure Limited (TRIL) as a 100 per cent subsidiary of Tata Sons, to serve as a real estate and infrastructure development arm. Tata's is one of India's largest conglomerates, with a total market capitalisation of about $110.65 billion (as on March 13, 2014) and a shareholder base of 3.9 million. The Tata group comprises over 100 operating companies in seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. The group has operations in more than 100 countries across six continents, and its companies export products and services to 150 countries. The Tata companies employ over 540,000 people worldwide. The Tata name has been respected in India for more than 140 years for its adherence to strong values and business ethics.