Tata Sons

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. 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.[2]

Tata Sons
TypePvt. Ltd.
Founded1917 (1917)[1]
HeadquartersBombay House, Mumbai, Maharashtra, India
Area served
Worldwide
Key people
Owner
SubsidiariesTata
Websitetata.com

Tata Sons was established as a trading enterprise in 1917, and engaged primarily in the lucrative opium and tea trade with Mongolia and China[3] 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.[4] 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.[5]

Location

The company is registered and located in Mumbai, India.[6]

Board of directors

The Tata Sons Board of Directors consists of the following:[7]

Position Personnel
Chairman Natarajan Chandrasekaran (chairman, Tata Group)
Independent director Farida Khambata[8]
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)

Shareholding pattern

Sir Dorabji Tata Trust and Sir Ratan Tata Trust are the two biggest shareholders of Tata Sons, with a combined stake of around 50%,[4] while Pallonji Shapoorji Mistry was the largest individual shareholder.[9] 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.[10][11] Pallonji's shareholding was divided equally between his two sons, Shapoor Mistry and Cyrus Mistry, who died in September, 2022.[12]

  • Total equity shares: 404,146 (₹1,000 each)
Shareholder No of shares Share-holding percentage
Dhrati Sharma 108 0.02672
Neha Giri 37122 9.18529
Aditi Yadav 37122 9.18529
Preity Zinta 3368 0.83336
Vikrant Vijayant Digvijay Indians Dhanbadi Dwarka Damodar Yadav 113067 27.97677
Bhargav Bosamiya 95211 23.55857
Nepalan Trust 326 0.08066
Sarvajanik Seva Trust 396 0.09798
Rohini Yadav (Lalu) Trust 8838 2.18683
Anshul Trust 15075 3.73009
Dwarka Education Trust 15075 3.73009
Neeru Sharma 16200 4.00845
Dwarka Power 6673 1.65114
Dwarka Consumer Products 1755 0.43425
The Dwarka Hotels Company 4500 1.11346
Dwarka Industries Ltd. 2295 0.56786
Dwarka Chemicals 10237 2.53300
Dwarka Steel 12375 3.06201
Dwarka International Ltd. 1477 0.36546
Dwarka Motors 12375 3.06201
Neha Yadav(JPS) 487 0.12050
Deepika Beerh 3262 0.80713
Karishma Kotak 157 0.03885
Shreyanshi Singh 157 0.03885
Sakshi Arora 8 0.00198
Shraddhanjali 4058 1.00409
HH Maharawal Virendra Singh Chauhan

(Raja of Chhota Udepur)[13]

 1 0.00025
Kanika Sabharwal 2421 0.59904

Conversion to Private Ltd, and internal conflicts

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;[14][15] both these decisions were challenged in court by former executive chairman Cyrus Mistry.[16] 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;[17][18] in response, Mistry filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT.[19] On 26 March 2021, the Supreme Court of India upheld Tata Sons' decision to sack Cyrus Mistry.[20]

See also

References
  1. "TATA SONS PRIVATE LIMITED". Zauba Corp.
  2. Subramanian, N (1 November 2018). "Trusting the family: a short history of Tata sons ownership" (PDF). Business Standard. Archived (PDF) from the original on 17 April 2018. Retrieved 1 November 2018.
  3. Rich, Andrew (1 February 2010). Think tanks in civil society. International Encyclopedia of Civil Society. pp. 1543–1546. doi:10.1007/978-0-387-93996-4_99. ISBN 978-0-387-93994-0.
  4. "Tata Sons via @tatacompanies". Archived from the original on 26 December 2018. Retrieved 16 May 2017.
  5. Pocha, Jehangir (12 December 2011). "Tata Sons: Passing the Baton". Forbes. Archived from the original on 1 November 2018. Retrieved 1 November 2018.
  6. "About us". www.tatatrusts.org. Tata trusts – official website. Archived from the original on 1 November 2018. Retrieved 1 November 2018.
  7. "Leadership". www.tata.com. Tata Sons – official website. Archived from the original on 1 May 2020. Retrieved 20 April 2020.
  8. "Farida Khambata". www.cartica.com. Cartica – Official website. Retrieved 20 April 2020.
  9. Balachandran, Manu (26 October 2016). "Pallonji Mistry—an Indian Irish billionaire's journey from outsider to kingmaker to opponent at the Tata Group". Quartz India.
  10. Zachariah, Reeba (13 December 2011). "Tata Sons: How Shapoorji Pallonji Mistry family checked into the group". Economic Times. Archived from the original on 29 October 2016. Retrieved 9 April 2020.
  11. Manghat, Sajeet (5 November 2016). "The Mistry Family Came On Board Tata Sons By Chance And May Exit By Force". Bloomberg Quint.
  12. "Former chairman of Tata Sons Cyrus Mistry killed in road accident | India News - Times of India". The Times of India. Retrieved 4 September 2022.
  13. Alikhan, Anvar (28 March 2017). "The mysterious man who owns one solitary share in the unlisted Tata Sons". Scroll.in. Archived from the original on 28 March 2017. Retrieved 28 March 2017.
  14. "Tata Sons looks to shed its public ltd tag for pvt ltd". Times of India. 16 September 2017. Archived from the original on 28 August 2018. Retrieved 9 July 2018.
  15. Mandavia, Megha (22 September 2017). "Tata Sons' shareholders vote to become a private company". Economic Times. Archived from the original on 9 July 2018. Retrieved 9 July 2018.
  16. ET NOW (24 August 2018). "NCLAT refuses to stay Tata Sons conversion to private co". The Economic Times. Times of India.
  17. Rautray, Samanwaya (11 January 2020). "Tata vs Mistry: Supreme Court stays NCLAT order favouring Cyrus Mistry". The Economic Times. Archived from the original on 16 March 2020. Retrieved 22 January 2020.
  18. Roy, Sukanya (2 January 2020). "How Cyrus Mistry won the battle to reclaim chairmanship of Tata Sons". Business Standard. Archived from the original on 4 April 2020. Retrieved 9 April 2020.
  19. "Tata-Mistry Case: Cyrus Mistry Files Appeal In Supreme Court Seeking More Relief From NCLAT". BloombergQuint. Bloomberg Quint. Archived from the original on 21 February 2020. Retrieved 21 February 2020.
  20. "Tata Mistry Case: Supreme Court upheld Tata Sons' decision to sack Cyrus Mistry as chairman | India Business News - Times of India". The Times of India. Retrieved 19 October 2021.{{cite web}}: CS1 maint: url-status (link)
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