Feud between Ratan Tata and Cyrus Mistry
Ratan Tata, patriarch of one of the India's most influential families ,has taken over a interim
Chairman of tata sons after salt -to-software conglomerate's board ousted Cyrus Mistry ,who
sought to shake up the firm's management.
On 12th Jan,2017, Mr N Chandrasekhran MD and CEO of TCS was appointed as Executive
Chairman of Tata Sons.TCS contributes 56% of the Tata groups's combined market
capitalisation
Tata Sons
Tata Sons is the promoter of the
major operating Tata companies and holds significant shareholdings in these
companies. Tata companies are commonly referred to as the Tata group and the Chairman of Tata Sons as Chairman of the
Tata group.
About 66 percent of the equity
capital of Tata Sons is held by philanthropic trusts endowed by members of the
Tata family. i.e ( Tata Trusts )The largest of these trusts are the Sir Dorabji Tata Trust and the
Sir Ratan Tata Trust, which were created by the families of the sons of Jamsetji
Tata, the Founder.(allied trusts )
Areas of
business
The
company's principal activities are:
·
To
invest in operating companies to support their growth
·
To
promote and invest in new businesses
·
To
maintain its shareholding in major operating companies
Tata Business
Excellence Group,
a division of Tata Sons, assists Tata companies in their business excellence
initiatives through the Tata Business Excellence Model, Management of Business
Ethics and Tata Code of Conduct.
Tata Sons is also the
owner of the Tata name and several Tata trademarks, which are registered in
India and around the world. These are used by various Tata companies
under a licence from Tata Sons as part of their corporate name and/or in
relation to their products and services.
The terms of use of
the group mark and logo by Tata companies are governed by the Brand Equity and
Business Promotion Agreement, entered into between Tata Sons and Tata
companies.
Board of
directors
Tata Sons is the
principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share
capital of Tata Sons is held by philanthropic trusts, which support
education, health, livelihood generation and art and culture. In 2015-16, the revenue
of Tata companies, taken together, was $103.51 billion. These companies
collectively employ over 660,000 people.
There
are 29 publicly-listed Tata enterprises with a combined market capitalisation
of about $116.41 billion (as on March 31, 2016). Tata companies with
significant scale include Tata Steel, Tata Motors, Tata Consultancy Services,
Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan,
Tata Communications and Indian Hotels.
Tata sons may beef up control of group firms. Tata group promoter holding pattern:
TCS : 73.34 %
Tata power: 33.02 %
Tata com: 48.88%
Tata MotorsS: 33.00%
Tata Steel: 31.37%
Tata Chemicals: 30.80%
Tata G Beverages 34.41%
Titan Company: 53.06%
Voltas 30.31%
to be contd:
