TATA INDIAS LARGEST MULTINATIONAL CONGLOMERATE COMPANY
TATAINDIAS LARGEST MULTINATIONAL CONGLOMERATE COMPANY
IntroductionTATA Group is the Indias Largest conglomerate company started in 1868 by MR. Jamsetji Tata. In 2016 the revenues of TATAS 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
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 Indias cheapest car NANO which made him one of the most respected and commitment oriented person by encouraging every Indian to buy a car.
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 worlds largest provider of submarine cable bandwidth.In 2009, TATA Housing launches low cost housing in Mumbai.
MR.Cyrus MistryAn Irish Business Men of Indian origin, Mr. Cyrus Mistry was the chairmen of TATA group from 2012 to october 24 2016He 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.ACHEIVEMENTSUnder his leadership, the market capitalization of top ten listed firms increased to 8.21 lakh crores from 4.66 lakh crores
MR.Cyrus MistryOperating cash flows have increased over 30% in his leadershipTATA group has also expanded into the Defense IndustryHis Tenure also resulted in TCS becoming Most profitable of the TATA group companies.Valuation of greater than 15% in SENSEXTATA SONS net worth rose to 42,000 crore INR
Reasons for Dismissal
FINANCIAL REASONSTATA-NTT DOCOMO CASETATA NANO PRODUCTION DECREASEPHILANTHROPY REASONSCONFLICT OF INTEREST WITH MR. RATAN TATA
ImplicationsCorporate governance in TATA groupAccounting practices Organizational Structure and The Power of IndividualValues and Ethics of The Board Of DirectorsTATA Brand Image
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