Tata Sons: A profitable conglomerate

Our Bureau Updated - March 12, 2018 at 12:41 PM.

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Tata Sons, which has nearly 130 subsidiaries including Tata Consultancy Services Ltd and substantial stake in all the Tata group companies, reported an income of Rs 2,805 crore and a profit after tax of Rs 1,621 crore for the year-ended March 31, 2010.

It paid a dividend of 700 per cent for the year, or Rs 282 crore, according to the company's financial details accessed from the Ministry of Corporate Affairs web site.

Its authorised capital is Rs 5,800 crore and the paid-up capital Rs 4,269.41 crore.

The details of shareholders (as on March 31, 2011) show that Mr Ratan Tata owns 3,368 shares of the company, accounting for 0.83 per cent. Mr Cyrus Pallonji Mistry does not own any share in Tata Sons.

Tata Sons has two decision-making bodies that direct the group's various businesses. They are called the Group Executive Office, which defines and reviews various business activities, and the Group Corporate Centre, which reviews broad policy issues related to group companies.

Besides Mr Tata, the Group Executive Office comprises Mr R. Gopalakrishnan, Mr Ishaat Hussain, Mr Kishor Chaukar and Mr Arun Kumar Gandhi. The Group Corporate Centre, apart from the members of the Group Executive Office, includes Mr R.K. Krishna Kumar.

Published on November 23, 2011 16:59