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PROMOTERS AND THEIR BACKGROUND

Tata is a rapidly growing business group based in India with significant international operations. Revenues in 2009-10 are estimated at $67.4 billion (around Rs 319,534 crore), of which 57 per cent is from business outside India. The Group employs around 395,000 people worldwide. The Tata name has been respected in India for 140 years for its adherence to strong values and business ethics.

The business operations of the Tata Group currently encompass seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. The Group's 28 publicly listed enterprises have a combined market capitalization of some $100 billion, among the highest among Indian business houses, and a shareholder base of 3.5 million. The major companies in the Group include Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Indian Hotels and Tata Communications.

The Group’s major companies are beginning to be counted globally. Tata Steel became the tenth largest steel maker in the world after it acquired Corus, later renamed Tata Steel Europe. Tata Motors is among the top five commercial vehicle manufacturers in the world and has recently acquired Jaguar and Land Rover. TCS is a leading global software company, with delivery centre’s in the US, UK, Hungary, Brazil, Uruguay and China, besides India. Tata Global Beverages is the second largest branded tea company in the world. Tata Chemicals is the world’s second largest manufacturer of soda ash. Tata Communications is one of the world’s largest wholesale voice carriers.

In tandem with the increasing international footprint of its companies, the Group is also gaining international recognition. Brand Finance, a UK-based consultancy firm, recently valued the Tata brand at $11.22 billion and ranked it 65th amongst the Top 100 brands in the world. Business Week magazine ranked Tata 17th among the '50 Most Innovative Companies' list and the Reputation Institute, USA, in 2009 rated it 11th on its list of world's most reputable companies.

Founded by Jamsetji Tata in 1868, the Tata Group’s early years were inspired by the spirit of nationalism. The Group pioneered several industries of national importance in India: steel, power, hospitality and airlines. In more recent times, the Tata Group’s pioneering spirit has been showcased by companies like Tata Consultancy Services, India’s first software company, which pioneered the international delivery model, and Tata Motors, which made India’s first indigenously developed car, the Indica, in 1998 and recently unveiled the world’s lowest-cost car, the Tata Nano.

The Tata Group has always believed in returning wealth to the society it serves. Two-thirds of the equity of Tata Sons, the Tata Group’s promoter company, is held by philanthropic trusts which have created national institutions in science and technology, medical research, social studies and the performing arts. The trusts also provide aid and assistance to NGOs in the areas of education, healthcare and livelihoods. Tata companies also extend social welfare activities to communities around their industrial units. The combined development-related expenditure of the Trusts and the companies amounts to around 4 per cent of the Group’s net profits.

Going forward, the Group is focusing on new technologies and innovation to drive its business in India and internationally. The Nano car is one example, as is the Eka supercomputer (developed by another Tata company), which in 2008 is ranked the world’s fourth fastest. The Group aims to build a series of world class, world scale businesses in select sectors. Anchored in India and wedded to its traditional values and strong ethics, the Group is building a multinational business which will achieve growth through excellence and innovation, while balancing the interests of its shareholders, its employees and wider society.

By combining ethical values with business acumen, globalization with national interests and core strengths with flexibility, the Tata Group aims to be the largest and most respected global brand from India with a long-standing commitment to improving the quality of life of its stakeholders. It is pertinent to mention that the Tata group as a whole follows excellent corporate governance. The Tata Business Excellence Model (TEBM) stresses on high standards of performance in all areas along with maintaining high ethical and moral standards, which ensures the highest level of integrity towards all stakeholders.

For more information visit : http://www.tata.com
 
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