Tata Sons

Tata Sons
Founded1917; 107 years ago (1917)
HeadquartersBombay House, Mumbai, Maharashtra, India
Area served
Worldwide
Key people
RevenueIncrease 35,058 crore (US$4.4 billion) (FY 23)
OwnerTata Trusts (100%)
SubsidiariesTata
Websitetata.com

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.

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

Location

The company is registered and located in Mumbai, India.

Board of directors

The Tata Sons Board of Directors consists of the following:

Position Personnel
Chairman Natarajan Chandrasekaran (chairman, Tata Group)
Independent director Farida Khambata
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%, while Pallonji Shapoorji Mistry was the largest individual shareholder. 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. Pallonji's shareholding was divided equally between his two sons, Shapoor Mistry and Cyrus Mistry, who died in September, 2022.

  • Total equity shares: 404,146 (₹10 each)
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)

1 0
MK Tata Trust 2421 0.60

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

See also


This page was last updated at 2024-01-15 15:54 UTC. Update now. View original page.

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