Thursday, 19 January 2017

              

            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

·         Ratan N Tata, Interim Chairman

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:

  


     

   













 




No comments:

Post a comment