Founded | 1917[1] |
---|---|
Headquarters | Bombay House, Mumbai, Maharashtra, India |
Area served | Worldwide |
Key people |
|
Revenue | ₹35,058 crore (US$4.4 billion) (FY 23) [2] |
Owner | Tata Trusts (100%) |
Subsidiaries | Tata |
Website | tata |
Tata Sons Pvt. Ltd. is the parent company of the Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants and derives its revenue from dividends from these companies and brand loyalty fees. It is a privately owned conglomerate of nearly 100 companies encompassing several primary business sectors, including: chemicals, consumer products, energy, engineering, information systems, materials, and services. Its headquarters are in Mumbai. [3]
Tata Sons was established as a trading enterprise in 1917, and engaged primarily in the lucrative opium and tea trade with Mongolia and China [4] before moving from conducting businesses directly to becoming the principal holding company of Tata Group. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The biggest two of these trusts are the Sir Dorabji Tata Trust and Sir Ratan Tata Trust. [5] Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries. It is one of the largest conglomerates in the Indian subcontinent. [6]
The company is registered and located in Mumbai, India. [7]
The Tata Sons Board of Directors consists of the following: [8]
Position | Personnel |
---|---|
Chairman | Natarajan Chandrasekaran (chairman, Tata Group) |
Independent director | Farida Khambata [9] |
Director | Venu Srinivasan (chairman, TVS Group) |
Non-executive director | Ajay Piramal (chairman, Piramal Group & Shriram Group) |
Additional director | Ralf Speth (Former CEO, Jaguar Land Rover) |
Director | Bhaskar Bhat |
Independent director | Harish Manwani |
Director | Saurabh Agrawal (CFO, Tata Sons) |
Sir Dorabji Tata Trust and Sir Ratan Tata Trust are the two biggest shareholders of Tata Sons, with a combined stake of around 50%, [5] while Pallonji Shapoorji Mistry was the largest individual shareholder. [10] Pallonji's father, Shapoorji Pallonji Mistry was a prominent construction magnate who acquired a significant stake of Tata Sons in the 1930s initially from Framroze Edulji Dinshaw, and finally when JRD Tata's younger brother, Dorab, sold his shares in a fit of anger. [11] [12] Pallonji's shareholding was divided equally between his two sons, Shapoor Mistry and Cyrus Mistry, who died in September, 2022. [13]
Shareholder | No of shares | Share-holding percentage |
---|---|---|
Pallonji Shaprooji Mistry | 108 | 0.03 |
Sterling investment corporation private limited | 37122 | 9.19 |
Cyrus investment private limited | 37122 | 9.19 |
Ratan Naval Tata | 3368 | 0.83 |
Sir Dorabji Tata Trust | 113067 | 27.98 |
Sir Ratan Tata Trust | 95211 | 23.56 |
Tata investment corporation limited | 326 | 0.08 |
Sarvajanik Seva Trust | 396 | 0.10 |
RD Tata Trust | 8838 | 2.19 |
Tata Education Trust | 15075 | 3.73 |
Tata Social Welfare Trust | 15075 | 3.73 |
Jrd Tata Trust | 16200 | 4.01 |
Tata Power Company Limited | 6673 | 1.65 |
Tata Consumer Products Limited | 1755 | 0.43 |
The Indian Hotels Company Limited | 4500 | 1.11 |
Tata Industries Limited. | 2295 | 0.57 |
Tata Chemicals Limited | 10237 | 2.53 |
Tata Steel Limited | 12375 | 3.06 |
Tata International Limited. | 1477 | 0.37 |
Tata Motors Limited | 12375 | 3.06 |
Piloo Minocher Tata | 487 | 0.12 |
Jimmy Naval Tata | 3262 | 0.81 |
Jimmy Minocher Tata | 157 | 0.04 |
Veera Farhad Choksey | 157 | 0.04 |
Simone Naval Tata | 8 | 0 |
Noel Naval Tata | 4058 | 1.00 |
HH Maharawal Virendra Singh Chauhan (Raja of Chhota Udepur) [14] | 1 | 0 |
MK Tata Trust | 2421 | 0.60 |
Natarajan Chandrasekaran took over as Chairman of Tata Sons on 21 February 2017. The company also undertook conversion from a public limited company to a private limited one in 2017; [15] [16] both these decisions were challenged in court by former executive chairman Cyrus Mistry. [17] In December 2019, NCLAT declared the conversion, and by extension, Chandrasekaran's chairmanship, illegal and restored Mistry. On 10 January 2020, however, the Supreme Court stayed NCLAT's order; [18] [19] in response, Mistry filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT. [20] On 26 March 2021, the Supreme Court of India upheld Tata Sons' decision to sack Cyrus Mistry. [21]
In March 2024, speculation arose about Tata Sons preparing for an Initial public offering (IPO), potentially valuing the company at up to $96 billion, according to investment advisory firm Spark. This anticipated IPO represents a key development in the Tata Group's strategy, reflecting its intent to tap into public markets for capital. [22] [23]
The Tata Group is a group of companies headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continents.
Ratan Naval Tata is an Indian industrialist, philanthropist and former chairman of Tata Sons. He was a chairman of the Tata Group from 1990 to 2012, and interim chairman from October 2016 through February 2017. He continues to head its charitable trusts. In 2008, he received the Padma Vibhushan, the second highest civilian honour in India, after receiving the Padma Bhushan, the third highest civilian honour in 2000.
Pallonji Shapoorji Mistry was an Indian-born Irish billionaire construction tycoon. He was chairman of the Shapoorji Pallonji Group and a major shareholder of India's largest private conglomerate, Tata Group.
The Tata family is an Indian business family, based in Mumbai, India. The parent company is Tata Sons, which is the main holding company of the Tata Group. About 65% of the stock in these companies is owned by various Tata family charitable trusts, mainly the Ratan Tata Trust and the Dorab Tata Trust. Approximately 18% of the shares are held by the Pallonji Mistry family, and the rest by various Tata sons.
Bombay Dyeing & Manufacturing Company Limited is an Indian textile company headquartered in Mumbai, India. It operates as a subsidiary of the Wadia Group and is one of India's largest producers of textiles.
Eureka Forbes Limited is an Indian multinational home appliances company based in Mumbai. It makes water purification devices, vacuum cleaners, air purification systems, and home security products.
Homi Nusserwanji Sethna was an Indian nuclear scientist and a chemical engineer, gaining international fame as the Chairman of the Atomic Energy Commission (India) during the time when the first nuclear test, codename Smiling Buddha in Pokhran Test Range in 1974 was conducted. He was the primary and central figure in India's civilian nuclear program as well as the construction of nuclear power plants. In 1991, he was appointed as Sheriff of Mumbai.
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Sir Nowroji Saklatwala, was an Indian businessman who was the third chairman of the Tata Group from 1932 till his sudden death in 1938.
Natarajan Chandrasekaran is an Indian businessman, and the chairman of Tata Sons. He was chief operating officer (COO) and executive director of Tata Consultancy Services (TCS), where in 2009, he became chief executive officer (CEO). He was also the chairman of Tata Motors and Tata Global Beverages (TGB). He became the first non-Parsi and professional executive to head the Tata Group. He has assumed the chair of B20 India and will lead the business agenda during India's G20 presidency.
Noel Naval Tata is an Indian businessman with Irish citizenship, who is the chairman of Trent and Tata Investment Corporation, the managing director of Tata International, and the vice chairman of Titan Company and Tata Steel.
Cyrus Pallonji Mistry was an Indian born Irish businessman. He was the chairman of the Tata Group, an Indian business conglomerate, from 2012 to 2016. He was the sixth chairman of the group, and only the second not to bear the surname Tata. In mid-2012, he was chosen by a selection panel to head the Tata Group and took charge in December that year. In October 2016, the board of Tata Group's holding company, Tata Sons, voted to remove Mistry from the post of chairman. Former chairman Ratan Tata then returned as interim chairman, and Natarajan Chandrasekaran was named as the new chairman a few months later. However, in December 2019, the National Company Law Appellate Tribunal (NCLAT) declared the appointment of Chandrasekaran as executive chairman illegal, and restored Mistry. However, the Supreme Court stayed NCLAT's order on 10 January 2020. Mistry had filed a cross-appeal in the court, seeking explanations for anomalies in the NCLAT. However, the Supreme Court upheld his dismissal.
Shapoorji Pallonji & Company Private Limited, trading as Shapoorji Pallonji Group, is an Indian conglomerate headquartered in Mumbai. It operates in construction, real estate, textiles, engineered goods, home appliances, shipping, publications, power, and biotechnology. The company was headed by a grandson of founder Pallonji Mistry, also named Pallonji Mistry, until 2012, when he announced his retirement and the succession of his son, Shapoor Mistry.
Rayaroth Kuttambally Krishna Kumar was an Indian business executive who was the director of Tata Sons. He was a member of Tata Administrative Services and served as a trustee of Sir Dorabji Tata Trust and Sir Ratan Tata Trust, which hold a 66 per cent stake in Tata Sons. He played a significant role in several acquisitions by Tata Group, including the £271 million buy-out of Tetley in 2000, which made Tata Global Beverages the second-largest tea company in the world. The Government of India awarded him the fourth-highest civilian honour of the Padma Shri in 2009 for his contributions to Indian trade and industry.
Shapoorji Mistry was an Indian businessman, and the founder of the Shapoorji Pallonji Group. He is the father of Pallonji Mistry. Shapoorji Mistry's grandson Cyrus Mistry was the Chairman of Tata Sons. The Shapoorji Pallonji Group is one of India's leading industrial conglomerate and a major construction company.
Tata Textile Mills was a textile mills business of Tata Group, with its head office in Bombay. It consisted of four textile mills; namely, Central India Mills also popularly known as Empress Mills in Nagpur, the Svadeshi Mills in Bombay, the Tata Mills in Bombay, and the Advance Mills in Ahmedabad. For several decades the four mills produced and sold fabrics under the much-reputed brand name of Tata Textiles.
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