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{{Short description|Indian holding company}}
{{more footnotes|date=December 2011}}
{{Use dmy dates|date=April 2019}}

{{Infobox company
{{Infobox company
| name = Tata Sons Limited
| name = Tata Sons Private Limited
| logo =
| logo = Tata_logo.svg
| foundation = {{start date and age|df=yes|1917}}<ref>{{cite web |title=TATA SONS PRIVATE LIMITED |url=https://www.zaubacorp.com/company/TATA-SONS-PRIVATE-LIMITED/U99999MH1917PTC000478 |website=Zauba Corp}}</ref>
| type = [[Privately held company|Private ]]
| subsid = [[Tata Group]]
| foundation = {{start date and age|1868}}
| location = [[Bombay House]], [[Mumbai, Maharashtra]], India<ref>{{cite web |title=About us |url=http://tatatrusts.org/section/index/about-us |website=www.tatatrusts.org |publisher=Tata trusts – official website |access-date=1 November 2018 |archive-url=https://web.archive.org/web/20181101135943/http://tatatrusts.org/section/index/about-us |archive-date=1 November 2018 |url-status=live }}</ref>
| founder = [[Jamsetji Tata]]
| area_served = Worldwide
| location = [[Mumbai]], [[Maharashtra]], [[India]]
| key_people = {{Plainlist|
| area_served = Worldwide
| key_people =[[Natarajan Chandrasekaran]] <br>(Chairman)
* [[Natarajan Chandrasekaran]] ([[Chair (officer)|chairman]] and [[Chief executive officer|Managing Director]])
* Saurabh Agrawal (CFO)<ref>{{cite news |title=Tata Sons appoints Saurabh Agrawal as group CFO |url=https://www.reuters.com/article/markets/tata-sons-appoints-saurabh-agrawal-as-group-cfo-idUSFWN1IO02I/ |access-date=31 October 2024 |work=Reuters |date=22 May 2017}}</ref>
| homepage = {{url|www.tata.com}}
}}
| revenue = {{up}}
{{INRConvert|43893|c}} (FY 24)<ref>{{Cite news|url=https://m.economictimes.com/news/company/corporate-trends/tata-sons-repays-rs-20000-crore-debt-in-bid-to-stay-private/articleshow/112787570.cms|title=Tata Sons repays Rs.20000 crore debt|newspaper=The Economic Times |date=26 August 2024 |last1=Vijayraghavan |first1=Kala |last2=Mascarenhas |first2=Rajesh }}</ref>
| net_income = {{up}}{{INRConvert|34654|c}} (FY 24)
| owner = Tata Trusts (66%)
| homepage = {{url|tata.com}}
}}
}}


'''Tata Sons Limited''' is the [[holding company]] of the [[Tata Group]] and holds the bulk of shareholding in these companies. It was established as a trading enterprise in 1868. About 86% 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]].<ref>{{cite web|url=http://www.tata.com/company/profile/Tata-Sons|title=Tata Sons via @tatacompanies|publisher=}}</ref> Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in [[India]] and several other countries. [[Tata Consultancy Services|TCS]] alone generates 70% revenues of its parent company, Tata Sons.<ref>{{cite web|url=http://www.livemint.com/Companies/ClQdBjPBMR6VybRSLsCctN/Tata-Sons-may-name-new-chairman-as-early-as-today.html|title=TCS has also accounted for at least 70% of Tata Sons dividends in the past three years, which would have worked in Chandrasekaran’s favour}}</ref><ref>{{cite web|url=http://www.news18.com/news/business/ishaat-hussain-appointed-chairman-of-tata-consultancy-services-1310369.html|title=Ishaat Hussain to Replace Cyrus Mistry as Interim Chairman of TCS|date=10 November 2016|publisher=}}</ref> [[Natarajan Chandrasekaran]] took over as Chairman of Tata Sons on 21 February 2017.<ref>{{cite web|url=http://economictimes.indiatimes.com/news/company/corporate-trends/tata-sons-chairman-n-chandrasekaran-may-follow-leadership-style-of-jrd-tata/articleshow/56528792.cms|title=Tata Sons chairman N Chandrasekaran may follow leadership style of JRD Tata}}</ref>
'''Tata Sons Pvt. Ltd.''' is the [[holding company]] of the [[Tata Group]], headquartered in [[Mumbai]]. It owns 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. Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries.<ref>{{cite news |last1=Pocha |first1=Jehangir |title=Tata Sons: Passing the Baton |url=http://www.forbesindia.com/article/boardroom/tata-sons-passing-the-baton/31052/1 |work=Forbes |date=12 December 2011 |access-date=1 November 2018 |archive-url=https://web.archive.org/web/20181101135844/http://www.forbesindia.com/article/boardroom/tata-sons-passing-the-baton/31052/1 |archive-date=1 November 2018 |url-status=live }}</ref>


Tata Sons was established as a trading enterprise in 1917, and engaged primarily in the overseeing of profits and structuring them into the right direction of the [[Tata Group]],<ref>{{Cite book |last1=Rich |first1=Andrew |title=International Encyclopedia of Civil Society |chapter=Think Tanks |pages=1543–1546 |date=1 February 2010 |doi=10.1007/978-0-387-93996-4_99 |isbn=978-0-387-93994-0 }}</ref> before moving from conducting businesses directly to becoming the principal holding company of Tata Group.<ref>{{cite news |last1=Subramanian |first1=N |title=Trusting the family: a short history of Tata sons ownership |url=http://bsmedia.business-standard.com/_media/bs/data/general-file-upload/2016-10/tata%20family%20tree.pdf |date=1 November 2018 |publisher=Business Standard |access-date=1 November 2018 |archive-url=https://web.archive.org/web/20180417043313/http://bsmedia.business-standard.com/_media/bs/data/general-file-upload/2016-10/tata%20family%20tree.pdf |archive-date=17 April 2018 |url-status=live }}</ref> About 66% of its equity capital 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]].<ref name="profile">{{cite web|url=https://www.tata.com/business/tata-sons/ | title=Tata Sons via @tatacompanies|access-date=16 May 2017|archive-url=https://web.archive.org/web/20181226203848/https://www.tata.com/company/profile/Tata-Sons|archive-date=26 December 2018|url-status=live}}</ref>
==Location==
The company is registered and located in Mumbai, India.


== History ==
==Operating companies under Tata Sons==
[[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;<ref>{{cite web |url=https://timesofindia.indiatimes.com/business/india-business/tata-sons-looks-to-shed-its-public-ltd-tag-for-pvt-ltd/articleshow/60705040.cms |title=Tata Sons looks to shed its public ltd tag for pvt ltd |work=Times of India |access-date=9 July 2018 |date=16 September 2017 |archive-url=https://web.archive.org/web/20180828172725/https://timesofindia.indiatimes.com/business/india-business/tata-sons-looks-to-shed-its-public-ltd-tag-for-pvt-ltd/articleshow/60705040.cms |archive-date=28 August 2018 |url-status=live }}</ref><ref>{{cite news |url=https://economictimes.indiatimes.com/markets/stocks/news/shareholders-approve-tata-sons-move-to-become-private-entity/articleshow/60780879.cms |title=Tata Sons' shareholders vote to become a private company |work=Economic Times |date=22 Sep 2017 |last1=Mandavia |first1=Megha |access-date=9 July 2018 |archive-url=https://web.archive.org/web/20180709185122/https://economictimes.indiatimes.com/markets/stocks/news/shareholders-approve-tata-sons-move-to-become-private-entity/articleshow/60780879.cms |archive-date=9 July 2018 |url-status=live }}</ref> both these decisions were challenged in court by former executive chairman Cyrus Mistry.<ref>{{cite news |last1=ET NOW |title=NCLAT refuses to stay Tata Sons conversion to private co |url=https://economictimes.indiatimes.com/news/company/corporate-trends/nclat-refuses-to-stay-tata-sons-conversion-to-private-co/videoshow/65527292.cms|agency=Times of India |publisher=The Economic Times |date=24 August 2018}}</ref>
* [[Tata Consultancy Services]]

* [[Tata Steel]]
In December 2019, [[National Company Law Appellate Tribunal|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;<ref>{{cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/tata-vs-mistry-supreme-court-stays-nclat-order-favouring-cyrus-mistry/articleshow/73184138.cms?|title=Tata vs Mistry: Supreme Court stays NCLAT order favouring Cyrus Mistry|last=Rautray|first=Samanwaya|date=11 January 2020|work=The Economic Times|access-date=22 January 2020|archive-url=https://web.archive.org/web/20200316141936/https://economictimes.indiatimes.com/news/company/corporate-trends/tata-vs-mistry-supreme-court-stays-nclat-order-favouring-cyrus-mistry/articleshow/73184138.cms|archive-date=16 March 2020|url-status=live}}</ref><ref>{{cite news|url=https://www.business-standard.com/podcast/companies/how-cyrus-mistry-won-the-battle-to-reclaim-chairmanship-of-tata-sons-119121801347_1.html|title=How Cyrus Mistry won the battle to reclaim chairmanship of Tata Sons|last=Roy|first=Sukanya|work=Business Standard|date=2 January 2020|access-date=9 April 2020|archive-url=https://web.archive.org/web/20200404032829/https://www.business-standard.com/podcast/companies/how-cyrus-mistry-won-the-battle-to-reclaim-chairmanship-of-tata-sons-119121801347_1.html|archive-date=4 April 2020|url-status=live}}</ref> in response, Mistry filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT.<ref>{{cite web|url=https://www.bloombergquint.com/business/tata-mistry-case-cyrus-mistry-files-appeal-in-supreme-court-seeking-more-relief-from-nclat|title=Tata-Mistry Case: Cyrus Mistry Files Appeal In Supreme Court Seeking More Relief From NCLAT|website=BloombergQuint|date=17 February 2020 |publisher=Bloomberg Quint|access-date=21 February 2020|archive-url=https://web.archive.org/web/20200221153534/https://www.bloombergquint.com/business/tata-mistry-case-cyrus-mistry-files-appeal-in-supreme-court-seeking-more-relief-from-nclat|archive-date=21 February 2020|url-status=live}}</ref> On 26 March 2021, the Supreme Court of India upheld Tata Sons' decision to sack Cyrus Mistry.<ref>{{Cite news|last=|first=|last2=|last3=|first3=|title=Tata Mistry Case: Supreme Court upheld Tata Sons' decision to sack Cyrus Mistry as chairman {{!}} India Business News - Times of India|url=https://timesofindia.indiatimes.com/business/india-business/supreme-court-upholds-tata-sons-decision-to-sack-cyrus-mistry-as-chairman/articleshow/81701642.cms|access-date=2021-10-19|website=The Times of India|date=26 March 2021|language=en}}</ref>
* [[Tata Global Beverages]]

* [[Tata Power]]
In March 2024, speculation arose about Tata Sons preparing for an [[Initial public offering]] (IPO), potentially valuing the company at up to $96 billion, according to investment advisory firm Spark.<ref>{{Cite web |title=Tata Sons IPO Listing Update: Big update on Tata Group's much-awaited next public issue |url=https://www.etnownews.com/markets/tata-sons-ipo-listing-update-big-update-on-tata-groups-much-awaited-next-public-issue-latest-news-article-108322036 |access-date=6 March 2024 |publisher=ET Now News}}</ref><ref>{{Cite web |date=5 March 2024 |title=Tata Sons May Be Valued at Up to $96 Billion in IPO, Spark Says |url=https://www.bloomberg.com/news/articles/2024-03-05/tata-sons-may-be-valued-at-up-to-96-billion-in-ipo-spark-says |access-date=6 March 2024 |publisher=Bloomberg}}</ref>
* [[Tata Motors]]

* [[Tata Chemicals]]
In November 2024, Tata Sons reached an agreement with Singapore Airlines which saw Indian full-service carrier Vistara merge with Tata-owned Air India to form a single entity with an expanded network and broader fleet.<ref>{{Cite web |date=2024-11-11 |title=Air India-Vistara: India's luxury airline flies into the sunset |url=https://www.bbc.co.uk/news/articles/c5ygp1w5eq7o |access-date=2024-11-12 |website=BBC News |language=en-GB}}</ref>
* [[Taj Hotels Resorts and Palaces]]
* [[Tata Communications]]
* [[Vistara|Tata Sia Airline Ltd. (Vistara)]]
* [[Taj Air]]
* [[Titan Company|Titan]]


==Board of directors==
==Board of directors==
The Tata Sons Board of Directors consists of the following:<ref>{{cite web |title=Leadership |url=https://www.tata.com/management-team |website=www.tata.com |publisher=Tata Sons – official website |access-date=20 Apr 2020 |archive-url=https://web.archive.org/web/20200501051021/https://www.tata.com/management-team |archive-date=1 May 2020 |url-status=live }}</ref>
#[[Natarajan Chandrasekaran]](Chairman)

#Ishaat Hussain
{| class="wikitable"
#Vijay
|-
#[[Nitin Nohria]]
! Position
#Ronen Sen
! Personnel
#Farida Khambata
|-
#[[Venu Srinivasan]]
| Chairman
#[[Ajay Piramal]]
| [[Natarajan Chandrasekaran]] (Chairman, Tata Group)
#Amit Chandra
|-
#[[Ralf Speth]]
| Independent Director
| Farida Khambata<ref>{{cite web |title=Farida Khambata |url=https://www.cartica.com/about-us/farida-khambata |website=www.cartica.com |publisher=Cartica – Official website |access-date=20 Apr 2020 }}</ref>
|-
| 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
| [[Noel Tata]]
|-
| Independent Director
| [[Harish Manwani]]
|-
| Director
| Saurabh Agrawal (CFO, Tata Sons)
|}


==Shareholding pattern==
==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%,<ref name="profile" /> while [[Pallonji Mistry|Pallonji Shapoorji Mistry]] was the largest individual shareholder.<ref>{{cite web|url=https://qz.com/india/818357/pallonji-mistry-an-irish-billionaires-journey-from-outsider-to-kingmaker-to-opponent-at-the-tata-group/|title=Pallonji Mistry—an Indian Irish billionaire's journey from outsider to kingmaker to opponent at the Tata Group|publisher=Quartz India|first=Manu|last=Balachandran|date=26 October 2016}}</ref> Pallonji's father, Shapoorji Pallonji Mistry, was a [[Shapoorji Pallonji Group|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.<ref>{{cite news|url=https://economictimes.indiatimes.com/news/company/corporate-trends/tata-sons-how-shapoorji-pallonji-mistry-family-checked-into-the-group/articleshow/10850235.cms|title=Tata Sons: How Shapoorji Pallonji Mistry family checked into the group|newspaper=Economic Times|first=Reeba|last=Zachariah|date=13 December 2011|access-date=9 April 2020|archive-url=https://web.archive.org/web/20161029231304/http://economictimes.indiatimes.com/news/company/corporate-trends/tata-sons-how-shapoorji-pallonji-mistry-family-checked-into-the-group/articleshow/10850235.cms|archive-date=29 October 2016|url-status=live}}</ref><ref>{{cite web|url=https://www.bloombergquint.com/business/the-mistry-family-came-on-board-tata-sons-by-chance-and-may-exit-by-force|title=The Mistry Family Came On Board Tata Sons By Chance And May Exit By Force|publisher=Bloomberg Quint|first=Sajeet|last=Manghat|date=5 November 2016}}</ref> Pallonji's shareholding was divided equally between his two sons, Shapoor Mistry and [[Cyrus Mistry]], who died in September 2022.<ref>{{cite news |title=Former chairman of Tata Sons Cyrus Mistry killed in road accident {{!}} India News - Times of India |url=https://timesofindia.indiatimes.com/india/former-chairman-of-tata-sons-cyrus-mistry-killed-in-road-accident/articleshow/93984086.cms |website=The Times of India |date=4 September 2022 |access-date=4 September 2022 |language=en}}</ref>


Total equity shares 404,142 (around ₹1,0000 each){{citation needed|date=July 2012}}
* Total equity shares: 404,146 (₹10 each)


{| class="wikitable sortable"
{| class="wikitable sortable"
Line 51: Line 74:
! Shareholder
! Shareholder
! No of shares
! No of shares
! Share-holding percentage
! Shareholding percentage
! Part of
|-
|-
| [[Sir Dorabji Tata and Allied Trusts|Sir Dorabji Tata Trust]]
| [[Shapoorji Pallonji]]
| 108
| 113,067
| 27.98
|0.026723
| Tata Trusts
|-
|-
| [[Sir Ratan Tata Trust]]
| Sterling Investment Corp
| 95,211
([[Shapoorji Pallonji Group]])
| 23.56
|37120
| Tata Trusts
|9.18489
|-
|-
| Sterling Investment Corporation Private Limited
|Cyrus Investments
| 37,122
([[Shapoorji Pallonji Group]])
| 9.19
|37120
| [[Shapoorji Pallonji Group]]
|9.18489
|-
|-
| Cyrus Investment Private Limited
|[[Ratan Tata]]
| 37,122
|3368
|0.83337
| 9.19
| [[Shapoorji Pallonji Group]]
|-
|-
|[[Sir Dorabji Tata Trust]]
| JRD Tata Trust
| 16,200
|113067
|27.97705
| 4.01
| Tata Trusts
|-
|-
|[[Sir Ratan Tata Trust]]
| Tata Education Trust
| 15,075
|95211
|23.5588
| 3.73
| Tata Trusts
|-
|-
|[[Tata Investment Corp]]
| Tata Social Welfare Trust
| 15,075
|326
| 3.73
|0.080665
| Tata Trusts
|-
|-
| [[Tata Steel]]
|Sarvajanik Seva Trust
| 12,375
|396
| 3.06
|0.097985
| [[Tata Group]]
|-
|-
|RD Tata Trust
| [[Tata Motors]]
| 12,375
|8838
| 3.06
|2.186855
| [[Tata Group]]
|-
|-
|Tata Social Welfare Trust
| [[Tata Chemicals]]
| 10,237
|15075
| 2.53
|3.730125
| [[Tata Group]]
|-
|-
|Tata Education Trust
| RD Tata Trust
| 8,838
|15075
| 2.19
|3.730125
| Tata Trusts
|-
|-
|JRD Tata Trust
| [[Tata Power]]
| 6,673
|16200
| 1.65
|4.008492
| [[Tata Group]]
|-
|-
|[[Tata Power]]
| [[Noel Naval Tata]]
| 4,058
|6673
|1.651152
| 1.00
| [[Tata family]]
|-
|-
|[[Tata Tea]]
| [[Indian Hotels Company]]
| 4,500
|1755
| 1.11
|0.434253
| [[Tata Group]]
|-
|-
| Tata Industries Limited
|Indian Hotels
| 2,295
([[Taj Hotels]])
| 0.57
|4500
| [[Tata Group]]
|1.11347
|-
|-
|Tata Industries
| MK Tata Trust
| 2,421
|2295
|0.56787
| 0.60
| Tata Trusts
|-
|-
|[[Tata Chemicals]]
| Tata International Limited
| 1,477
|10237
| 0.37
|2.533021
| [[Tata Group]]
|-
|-
| [[Tata Consumer Products]]
|Kalimati Investment Co
| 1,755
|12375
| 0.43
|3.062043
| [[Tata Group]]
|-
|-
| Piloo Minocher Tata
|Tata International Ltd
| 487
|1477
|0.365466
| 0.12
| [[Tata family]]
|-
|-
| Jimmy Naval Tata
|[[Tata Motors]]
| 3,262
|12375
| 0.81
|3.062043
| [[Tata family]]
|-
|-
|Piloo Tata
| [[Ratan Naval Tata]]
| 3,368
|487
|0.120502
| 0.83
| [[Tata family]]
|-
|-
| Sarvajanik Seva Trust
|Jimmy Naval Tata
| 396
|3262
|0.807142
| 0.10
| Tata Trusts
|-
|-
| [[Tata Investment Corporation]]
|Vera Farhad Choksey
| 326
|157
|0.038848
| 0.08
| [[Tata Group]]
|-
|-
| [[Pallonji Shapoorji Mistry]]
|[[Jimmy Tata]]
| 108
|157
|0.038848
| 0.03
| [[Shapoorji Pallonji Group]]
|-
|-
|[[Simone Tata]]
| Jimmy Minocher Tata
| 157
|2011
|0.497597
| 0.04
| [[Tata family]]
|-
|-
| Vera Farhad Choksey
|[[Noel Tata]]
| 157
|2055
|0.508485
| 0.04
| [[Tata family]]
|-
|-
| [[Simone Naval Tata]]
|HH Maharawal Virendra Singh Chauhan
| 8
Raja of [[Chhota Udaipur|Chhota Udepur]]<ref>{{Cite news|url=https://scroll.in/magazine/831698/the-mysterious-man-who-owns-one-solitary-share-in-the-unlisted-tata-sons|title=The mysterious man who owns one solitary share in the unlisted Tata Sons|last=Alikhan|first=Anvar|work=Scroll.in|access-date=2017-03-28|language=en-US}}</ref>
| 0.00
|1
| [[Tata family]]
|0.000247
|-
|-
| Virendra Singh Chauhan (Raja of [[Chhota Udaipur State|Chhota Udaipur]])<br><ref>{{Cite news|url=https://scroll.in/magazine/831698/the-mysterious-man-who-owns-one-solitary-share-in-the-unlisted-tata-sons|title=The mysterious man who owns one solitary share in the unlisted Tata Sons|last=Alikhan|first=Anvar|work=Scroll.in|date=28 March 2017|language=en-US|access-date=28 March 2017|archive-url=https://web.archive.org/web/20170328183747/https://scroll.in/magazine/831698/the-mysterious-man-who-owns-one-solitary-share-in-the-unlisted-tata-sons|archive-date=28 March 2017|url-status=live}}</ref>
|MK Tata Trust
| 1
|2421
|0.599047
| 0.00
| Others
|}
|}
Price of share as on July 1, 2015, is Rupees 60,000.<ref>http://articles.economictimes.indiatimes.com/2015-07-24/news/64817680_1_tata-technologies-tata-sons-such-shares</ref>

Shapoorji Pallonji Mistry came to acquire shares of Tata Sons in 1930s when JRD Tata's younger brother, Dorab, in a fit of anger, sold his shares of Tata Sons to construction magnate Pallonji Mistry just after JRD Tata became Chairman in early 1930s. His shareholding is divided equally between his two sons, Shapoor Mistry and Cyrus Mistry.


== See also ==
== See also ==
{{Portal|Companies}}
* [[Tata Group]]
* [[Corporate group]]
* [[Forbes Global 2000]]
* [[Fortune India 500]]
* [[List of companies of India]]
* [[List of corporations by market capitalization]]
* [[List of largest companies by revenue]]
* [[Make in India]]


==References==
==References==
Line 181: Line 231:


==External links==
==External links==
* [http://tata.com/company/profile.aspx?sectid=DpOT+Lbrdvg= Tata Sons' official profile]
* [https://www.tata.com/business/tata-sons Tata Sons' official profile]
* [https://www.businesstoday.in/current/economy-politics/a-brief-history-of-the-tata-groups-six-charmen/story/238925.html "Here's a brief history of the Tata Group's six chairmen"]
* [https://books.google.com/books?id=tQI_AQAAIAAJ&q=tata ''Twentieth Century Impressions of Hongkong, Shanghai, and Other Treaty Ports of China: Their History, People, Commerce, Industries, and Resources'', Volume 1], by Arnold Wright; Lloyds Greater Britain publishing company, UK; 1908, pp. 228 & 638.]


{{Tata Group}}
{{Tata Group}}
{{Authority control}}


[[Category:1912 establishments in India]]
[[Category:Tata Sons| ]]
[[Category:Holding companies established in 1912]]
[[Category:Holding companies established in 1917]]
[[Category:Tata Sons]]
[[Category:Holding companies of India]]
[[Category:Indian companies established in 1917]]

Latest revision as of 15:53, 2 January 2025

Tata Sons Private Limited
Founded1917; 108 years ago (1917)[1]
HeadquartersBombay House, Mumbai, Maharashtra, India[2]
Area served
Worldwide
Key people
RevenueIncrease ₹43,893 crore (US$5.1 billion) (FY 24)[4]
Increase₹34,654 crore (US$4.1 billion) (FY 24)
OwnerTata Trusts (66%)
SubsidiariesTata Group
Websitetata.com

Tata Sons Pvt. Ltd. is the holding company of the Tata Group, headquartered in Mumbai. It owns 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. Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries.[5]

Tata Sons was established as a trading enterprise in 1917, and engaged primarily in the overseeing of profits and structuring them into the right direction of the Tata Group,[6] before moving from conducting businesses directly to becoming the principal holding company of Tata Group.[7] About 66% of its equity capital 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.[8]

History

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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;[9][10] both these decisions were challenged in court by former executive chairman Cyrus Mistry.[11]

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;[12][13] in response, Mistry filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT.[14] On 26 March 2021, the Supreme Court of India upheld Tata Sons' decision to sack Cyrus Mistry.[15]

In March 2024, speculation arose about Tata Sons preparing for an Initial public offering (IPO), potentially valuing the company at up to $96 billion, according to investment advisory firm Spark.[16][17]

In November 2024, Tata Sons reached an agreement with Singapore Airlines which saw Indian full-service carrier Vistara merge with Tata-owned Air India to form a single entity with an expanded network and broader fleet.[18]

Board of directors

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The Tata Sons Board of Directors consists of the following:[19]

Position Personnel
Chairman Natarajan Chandrasekaran (Chairman, Tata Group)
Independent Director Farida Khambata[20]
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 Noel Tata
Independent Director Harish Manwani
Director Saurabh Agrawal (CFO, Tata Sons)

Shareholding pattern

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Sir Dorabji Tata Trust and Sir Ratan Tata Trust are the two biggest shareholders of Tata Sons, with a combined stake of around 50%,[8] while Pallonji Shapoorji Mistry was the largest individual shareholder.[21] 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.[22][23] Pallonji's shareholding was divided equally between his two sons, Shapoor Mistry and Cyrus Mistry, who died in September 2022.[24]

  • Total equity shares: 404,146 (₹10 each)
Shareholder No of shares Shareholding percentage Part of
Sir Dorabji Tata Trust 113,067 27.98 Tata Trusts
Sir Ratan Tata Trust 95,211 23.56 Tata Trusts
Sterling Investment Corporation Private Limited 37,122 9.19 Shapoorji Pallonji Group
Cyrus Investment Private Limited 37,122 9.19 Shapoorji Pallonji Group
JRD Tata Trust 16,200 4.01 Tata Trusts
Tata Education Trust 15,075 3.73 Tata Trusts
Tata Social Welfare Trust 15,075 3.73 Tata Trusts
Tata Steel 12,375 3.06 Tata Group
Tata Motors 12,375 3.06 Tata Group
Tata Chemicals 10,237 2.53 Tata Group
RD Tata Trust 8,838 2.19 Tata Trusts
Tata Power 6,673 1.65 Tata Group
Noel Naval Tata 4,058 1.00 Tata family
Indian Hotels Company 4,500 1.11 Tata Group
Tata Industries Limited 2,295 0.57 Tata Group
MK Tata Trust 2,421 0.60 Tata Trusts
Tata International Limited 1,477 0.37 Tata Group
Tata Consumer Products 1,755 0.43 Tata Group
Piloo Minocher Tata 487 0.12 Tata family
Jimmy Naval Tata 3,262 0.81 Tata family
Ratan Naval Tata 3,368 0.83 Tata family
Sarvajanik Seva Trust 396 0.10 Tata Trusts
Tata Investment Corporation 326 0.08 Tata Group
Pallonji Shapoorji Mistry 108 0.03 Shapoorji Pallonji Group
Jimmy Minocher Tata 157 0.04 Tata family
Vera Farhad Choksey 157 0.04 Tata family
Simone Naval Tata 8 0.00 Tata family
Virendra Singh Chauhan (Raja of Chhota Udaipur)
[25] 		1 0.00 Others

See also

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References

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  1. ^ "TATA SONS PRIVATE LIMITED". Zauba Corp.
  2. ^ "About us". www.tatatrusts.org. Tata trusts – official website. Archived from the original on 1 November 2018. Retrieved 1 November 2018.
  3. ^ "Tata Sons appoints Saurabh Agrawal as group CFO". Reuters. 22 May 2017. Retrieved 31 October 2024.
  4. ^ Vijayraghavan, Kala; Mascarenhas, Rajesh (26 August 2024). "Tata Sons repays Rs.20000 crore debt". The Economic Times.
  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. ^ Rich, Andrew (1 February 2010). "Think Tanks". International Encyclopedia of Civil Society. pp. 1543–1546. doi:10.1007/978-0-387-93996-4_99. ISBN 978-0-387-93994-0.
  7. ^ 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.
  8. ^ a b "Tata Sons via @tatacompanies". Archived from the original on 26 December 2018. Retrieved 16 May 2017.
  9. ^ "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.
  10. ^ 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.
  11. ^ ET NOW (24 August 2018). "NCLAT refuses to stay Tata Sons conversion to private co". The Economic Times. Times of India.
  12. ^ 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.
  13. ^ 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.
  14. ^ "Tata-Mistry Case: Cyrus Mistry Files Appeal In Supreme Court Seeking More Relief From NCLAT". BloombergQuint. Bloomberg Quint. 17 February 2020. Archived from the original on 21 February 2020. Retrieved 21 February 2020.
  15. ^ "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. 26 March 2021. Retrieved 19 October 2021.
  16. ^ "Tata Sons IPO Listing Update: Big update on Tata Group's much-awaited next public issue". ET Now News. Retrieved 6 March 2024.
  17. ^ "Tata Sons May Be Valued at Up to $96 Billion in IPO, Spark Says". Bloomberg. 5 March 2024. Retrieved 6 March 2024.
  18. ^ "Air India-Vistara: India's luxury airline flies into the sunset". BBC News. 11 November 2024. Retrieved 12 November 2024.
  19. ^ "Leadership". www.tata.com. Tata Sons – official website. Archived from the original on 1 May 2020. Retrieved 20 April 2020.
  20. ^ "Farida Khambata". www.cartica.com. Cartica – Official website. Retrieved 20 April 2020.
  21. ^ 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.
  22. ^ 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.
  23. ^ Manghat, Sajeet (5 November 2016). "The Mistry Family Came On Board Tata Sons By Chance And May Exit By Force". Bloomberg Quint.
  24. ^ "Former chairman of Tata Sons Cyrus Mistry killed in road accident | India News - Times of India". The Times of India. 4 September 2022. Retrieved 4 September 2022.
  25. ^ 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.
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