TATAINDIA’S LARGEST MULTINATIONAL

CONGLOMERATE COMPANY

ByB.Hemanth Kiran

DATE:

Introduction

• TATA Group is the India’s Largest conglomerate company started in 1868 by MR. Jamsetji Tata.

• In 2016 the revenues of TATA’S companies were about 103.51 billion US dollars. These companies totally employ around 6,60,000 people but it is mostly known for its philanthropy services to the country.

• With Indian institute of science and TATA institute OF SOCIAL SCIENCES in Education and TATA MEDICAL CENTRE FOR MEDICAL RESEARCH and ECO TECHNOLGY CENTER.

TATA Communications has The Largest Submarine Fiber Network in The World

MR.Ratan Tata

MR.Ratan Tata

• Born in suraj, Gujarat on 28 December 1937, Mr. Ratan Naval Tata was the chairmen of Tata group from 1991 till 2012 and again in October 24 2016 as interim chairmen.

• Under his term as chairmen The TATA group became much more diverse & profitable.

• In 1998, The TATA group launched TATA INDICA consumer friendly car which became No.1 Bestselling Car within 2-year period under his command.

• In 2004 TATA Consultancy Services went Public and raised an amount of 1.2 Billion US dollars.

• He is Best Known for the launch India’s cheapest car NANO which made him one of the most respected and commitment oriented person by encouraging every Indian to buy a car.

MR.Ratan Tata

• Under his leadership TATA group acquired JAGUAR and LANDROVER car manufacturers from FORD and it is now one of the best profitable companies of the group.

• TATA communication acquired TYCOGLOBAL NETWORK thereby becoming the world’s largest provider of submarine cable bandwidth.

• In 2009, TATA Housing launches low cost housing in Mumbai.

MR.Cyrus Mistry

MR.Cyrus Mistry

• An Irish Business Men of Indian origin, Mr. Cyrus Mistry was the chairmen of TATA group from 2012 to october 24 2016

• He has been the managing director of SHAPOORJI PALLAONJI and Co.• He is known to be Workaholic and keeps very low profile.• In 2013, THE ECONOMIST categorized him as the most important

industrialist in both India and Britain.• ACHEIVEMENTS• Under his leadership, the market capitalization of top ten listed firms

increased to 8.21 lakh crores from 4.66 lakh crores

MR.Cyrus Mistry

• Operating cash flows have increased over 30% in his leadership• TATA group has also expanded into the Defense Industry• His Tenure also resulted in TCS becoming Most profitable of the TATA

group companies.• Valuation of greater than 15% in SENSEX• TATA SONS net worth rose to 42,000 crore INR

MR.Cyrus Mistry

Reasons for Dismissal

• FINANCIAL REASONS• TATA-NTT DOCOMO CASE• TATA NANO PRODUCTION DECREASE• PHILANTHROPY REASONS• CONFLICT OF INTEREST WITH MR. RATAN TATA

Implications

• Corporate governance in TATA group• Accounting practices • Organizational Structure and The Power of Individual• Values and Ethics of The Board Of Directors• TATA Brand Image

Conclusion

This was regarded as the one of the darkest phases in the Indian Corporate and causes concern about

the organizational structure of TATA group, the power of an individual. This has dismantled the

holier than thou image of TATA group