Tata Sons Limited engages in automotive, steel, consultancy, power, communication, chemical, trading and distribution, beverage, air conditioning and engineering service, hotel, auto component, development, infrastructure, financial service, insurance, retail, digital infrastructure, teleservices, and retail store businesses. It manufactures cars and utility vehicles, and watches and jewelry, as well as parts for automotive and aerospace sectors; and produces steel, soda ash, crop nutrients, crop protection products, iodized salt, fertilizers, specialty chemicals, tea, coffee, and water. The company also provides IT services, consulting, and business solutions; Internet routers and wholesale...
24, Homi Mody Street
Mumbai, 400 001
Founded in 1868
NTT Docomo Moves US District Court against Tata Sons
Oct 10 16
NTT Docomo, which has a partnership with Tata Teleservices and operates Tata DoCoMo, has moved to a United States district court to force Tata Group to pay the $1.17 billion in arbitrary order from a London court for breach of contract. Docomo said that it would continue to 'seek enforcement globally until it receives the full amount due', while Tata Sons maintains that it will resist enforcement in India, and in any other jurisdiction that Docomo files for enforcement. Tata cites RBI regulation for non-payment. NTT Docomo secured the arbitration from London Court of International Arbitration in June. Tata on the other hand resisted the enforcement of the arbitration award in India, stating that the delay in payments was due to RBI's foreign exchange regulations that prevents Tata from paying out the entire amount in a single transaction.
Tata Sons Plans Acquisitions
Sep 13 16
Tata Sons Limited is open to acquisitions. Chairman Cyrus Mistry stated that the company is open to acquisitions within and outside India, besides organic growth. "We continue to remain open to growth opportunities in India and overseas through the organic route and through acquisitions," he said.
Tata Sons Names Amit Chandra as Non-Executive Director
Aug 27 16
Amit Chandra, managing director, Bain Capital has been appointed as a non-executive director of Tata Sons Ltd. with effect from 26 August. With Chandra's appointment, the Tata Sons board now has nine directors, including Venu Srinivasan and Ajay Piramal who were appointed non-executive directors on 25 August. The other Tata Sons board members include Cyrus P. Mistry (chairman), Ishaat Hussain, Vijay Singh, Prof. Nitin Nohria, Ronen Sen and Farida Khambhata. Chandra joined Bain Capital as managing director in early 2008 and is part of the firm's leadership team in Asia. He serves as a Trustee on several Tata Trusts and is a member of the board of directors of Genpact, L&T Finance, Tata Investment Corporation, Emcure Pharmaceuticals, Akanksha Foundation and GiveIndia.