Introduction TO TATA GROUP
The Tata Group is a transnational pudding stone company headquartered in Mumbai, India. In footings of market capitalisation and grosss, Tata Group is the largest private corporate group in India and has been recognized as one of the most well-thought-of companies in the universe. It has involvements in steel, cars, information engineering, communicating, power, tea and cordial reception. The Tata Group has operations in more than 85 states across six continents and its companies export merchandises and services to 80 states. The Tata Group comprises 114 companies and subordinates in seven concern sectors, 27 of which are publically listed. 65.8 % of the ownership of Tata Group is held in charitable trusts. Companies which form a major portion of the group include Tata Steel, Corus Steel, Tata Motors, Tata Consultancy Services, Tata Technologies, Tata Tea, Titan Industries, Tata Power, Tata Communications, Tata Teleservices and the Taj Hotels.
Ratan Naval Tata ( born December 28, 1937, in Surat ) is the present Chairman of the Tata Group, India ‘s largest pudding stone founded by Jamsedji Tata and consolidated and expanded by ulterior coevalss of his household.
RATAN TATA AFTER YEARS OF HARD WORK WANTS TO RETIRE AND THUS SEARCH FOR HIS APPROPIATE SUCCESSOR BEGANaˆ¦aˆ¦
Tata group starts hunt for Ratan Tata ‘s replacement
The Tata group, India ‘s oldest and best-known pudding stone, is looking for a replacement to its president, Ratan Tata, and is sing people from abroad to take a concern imperium runing from salt and steel, to autos and software.Ratan Tata, who took the company planetary and made the universe ‘s cheapest auto, will retire by the terminal of 2012. The house ‘s keeping company has set up a panel that will seek for a replacing within and outside the group, for Tata, who is besides main executive.With one-year gross of more than $ 70 billion, and with 357,000 employees worldwide, Tata group ‘s 98 operating companies derive more than 65 % of gross from abroad.
Group non forcing me out, my desire to discontinue: Ratan Tata
Asserting that he was non being pushed out as Chairman of the USD 71 billion pudding stone Tata Group, Ratan Tata said that he opted out of the choice commission to avoid giving the feeling that he is act uponing the sequence program.
“ I do n’t desire to go forth the company in a wheel chair or in a box, ” Ratan Tata told a telecasting intelligence channel in an interview.
“ The company is non forcing me out. It is my desire, ” he said.
The remarks come in the background of Tata Group ‘s keeping company, Tata Sons, looking for a replacement to Ratan Tata. The following president ‘s name is expected to be finalised by March, 2011.In August, a five-member panel was set up to seek for a replacement, for which Ratan Tata ‘s half-brother Noel Tata is speculated to be a strong rival. “ I have chosen to remain off that ( hunt ) commission… the commission has the freedom to analyze and non hold anyone feel that I am driving the sequence program, ” Ratan Tata said.
The hunt procedure would be conducted by the commission consisting former Tata Sons Vice Chairman N A Soonawala, senior group managers R K Krishnakumar and Cyrus Mistry, group advisor and attorney Shirin Bharucha and influential British man of affairs Lord Bhattacharya.
“ I think in the class of this coming twelvemonth, a suited individual will be announced… , ” Ratan Tata said in the interview.
Ratan Tata, who will retire as president in December, 2012, said that he “ is looking frontward to freedom to happen clip to make things that I ever wanted to make ” .
IN THIS CONTEXT RATAN TATA EXCLAIMES THAT THE TATA GROUP IS NOT FORCING HIM TO RETIRE BUT IT IS HIS WISH.THERE IS NO PRESSURE WHATSOEVER UPON HIM.HE TRUSTS HIS COMMITTEE AND HAS GIVEN THEM FULL FREEDOM BY STAYING OFFLINE.
2. Five-member panel to pick Ratan Tata ‘s replacement formed
ByA Rakesh Khar, A Vikas Srivastav Aug 04 2010, Mumbai/New Delhi
The Tata group ‘s keeping company, Tata Sons, on Wednesday announced the puting up ofA a five-member panel, including one external member, to take a suited replacement to Ratan Naval Tata who is retiring in December 2012.
The move comes within yearss of Noel Tata ‘s lift as caput of Tata International. Noel Tata, half brother of Ratan Tata, is a possible, though non the obvious, campaigner.
Tata Sons said in a statement that its board had formed a choice commission which was in the procedure of explicating standards for placing the most suited campaigner, taking into history the planetary nature and complexness of the group ‘s concern.
The statement said the group would necessitate person with experience and exposure to direct its growing amid the challenges of the planetary economic system. “ The choice procedure for a prospective campaigner would see suited individuals from within the Tata companies and other professionals in India every bit good as individuals overseas with planetary experience, ” it said.
India ‘s most famed chronicler of household tally concerns, who has written on Tata group and Ratan Tata and who did non wish to be identified by name in this study, said, “ To my head this ( the Tata move ) is traveling to be near to the GE theoretical account. I see a batch of similarities between GE and the Tata group, both are in the B2B and B2C infinite, and have diverse multi-lingual, mutli-locational and multi-pronged concerns. They excessively had a commission to take the replacement. The GE theoretical account is a really good templet. ”
The former manager of IIM-Ahmedabad, Bakul Dholakia, said, “ I think the Tata determination to put up a commission is a welcome move in the Indian context, for it brings in transparence. Cipher forced it on the company. This, so, as and when the program gets through, would be a benchmark given the sort of diverse concerns, diverse locations, and diverse in-house endowment available in the group. Indian family-run concerns, most of which have comparatively younger foremans ( Reliance Industries, ADAG, the Aditya Birla group and Bharti ) , would larn a batch from the Tata program. This is a nice beginning. ”
Inch THIS ARTICLE BY Rakesh Khar, Vikas Srivastav THEY HAVE STATED THAT A FIVE MEMBER COMMITTEE WOULD BE SET UP FOR THE SEARCH OF RATAN TATA ‘S SUCCESSOR AND ACCORDING TO THEM ITS A GREAT THOUGHT FOR THE TATA GROUP. The former manager of IIM-Ahmedabad, Bakul Dholakia ALSO STATED THAT THIS DESION IS A Welcome Move IN THE TATA GROUP AND SHOWS ITS TRANSPERACY IN THE TATA GROUP.AND HE THINKS THAT IT IS A GREAT MOVE IN THE INDIAN CONTEXT.
3.Indra Nooyi regulations herself out of Tata sequence race
ByA PTI Aug 29 2010, New Delhi
Tags: A Indra Nooyi R, A Ratan Tata, A News
PepsiCo Chairman and Chief Executive Officer, Indra Nooyi, who has been speculated to be among the possible campaigners to win Ratan Tata as Chairman of the Tata Group, has ruled herself out of the race stating she “ loves ” her present occupation.
“ Ratan is an incredible individual. He has got an unbelievable stalls of people who can win him. I am running one of the greatest companies in the universe, PepsiCo. I love my occupation, ” Nooyi told PTI when asked about the guess associating her to the top occupation at the USD 71 billion Indian salt-to- package pudding stone.
The Chennai-born head of the universe ‘s prima company in convenient bites, nutrients and drinks, with grosss of more than USD 60 billion and over 285,000 employees, nevertheless, was all congratulations for the Tata Group.
“ Tata is an incredible company. It is a nation-building endeavor, a phenomenal endeavor, the face of India, ” Nooyi said.
While Ratan Tata ‘s 52-year-old half brother Noel Tata has been speculated to be the favorite, Nooyi and another planetary concern leader, Carlos Ghosn, the Chairman and Chief Executive Officer of Renault-Nissan Alliance, have been mentioned as suited campaigners.
Inch THIS ARTICLE STATED IN THE PTI INDRA NOOYI HAS STATED THAT SHE IS OUT FROM THE RACE FOR TATA ‘S SUCCESSOR AND IS HAPPY WITH HER JOB.INDRA NOOYI IS THE CHAIRMAN OF PEPSICO. ONE OF THE LEADING SNACKS AND SOFTDRINKS MAKER.SHE ALSO QUOTES THAT TATA HAS MANY MORE ABLE AND HARDWORKING PERSON THAN HER.LATER SHE PRAISES TATA CORPORATION AS ONE OF THE MOST PHENOMENOL ENTERPRISES IN THE WORLD.
4. THE HIMALAYAN TIMES
Planing for sequence
New DELHI: Ratan Tata, president of the Tata Group will be retiring in December 2012. He decided and declared long ago that he would be go throughing on the mantle on his seventy-fifth birthday. The D twenty-four hours is still two old ages off. However the planning and readying for it has already started. The board of Tata Sons has appointed a five member choice commission for choosing a suited replacement.
The authorization to the commission is to place ‘the individual ‘ who can step into the places of Ratan Tata and take the company successfully. As per newspaper studies, it is expected that the concluding choice would be made in “ equal clip to consequence a smooth passage and alteration of leading. ” Administrations frequently talk about sequence planning and its importance. However, frequently we find that ‘succession be aftering ‘ remains merely slang and non much planning and attempt goes into guaranting ‘the continuity ‘ which is so really critical for keeping the trust and assurance of assorted interest holders.
Inch THIS ARTICLE BY KALPANA ARORA OF THE HIMALYAN TIMES, SHE STATES THAT RTAN TATA AFTER YEARS OF HIS SERVICE TO THE TATA GROUP HAS FINALLY GIVEN HIS RETIREMENT DATE AS ON THE END OF 2012.THE SEARCH FOR SUCCESSOR HAS ALREADY BEEN STARTED AND A FIVE MEMBER COMMITTEE HAS BEEN SET UP TO MAKE THE DESICION.
5. Search for Ratan Tata ‘s replacement begins Agencies
Tags: Tata Sons, Ratan Tata
Posted: Wed Aug 04 2010, 18:37 hour Updated: Wed Aug 04 2010, 20:11 hour
Tata Sons on Wednesday said it has set up a panel to seek for a replacement to Group Chairman Ratan Tata, who is due to retire in December 2012.
The move comes within yearss of lift of Noel Tata, Ratan Tata ‘s stepbrother, as caput of the USD 72 billion Group ‘s international operations, imparting acceptance to guess that he would be annointed the replacement.
“ The Board of Tata Sons Ltd has formed a choice commission consisting five members, including an external member for finally make up one’s minding on a suited replacement to Ratan N Tata, ” Tata Sons, the Group ‘s keeping company, said in a statement.
It was, nevertheless, non clear whether who the members were and questions about Ratan Tata himself being portion of the hunt commission yielded no response from the Group ‘s interpreter.
Tata, 72, would be hanging his boots in December 2012 when he would turn 75 — the retirement age fixed by the group with presence in concerns from salt to package.
6.Five wise work forces to run for Ratan Tata ‘s replacement
Bombay: A Noel Naval Tata ‘s function in the over $ 71 billion crore salt-to-software pudding stone clearly got bigger last hebdomad with his assignment as pull offing manager of Tata International. In the interim, the board of Tata Sons announced on Wednesday it had formed a choice commission, consisting five members, including an external member, to make up one’s mind on a suited replacement to groups president Ratan N Tata, who retires in December 2012 when he turns 75.
“ The commission has commenced its work, ” a imperativeness release said, adding that “ the choice procedure for a prospective campaigner would see suited individuals from within the Tata Companies, other professionals in India every bit good as individuals overseas with planetary experience. ”
The commission will consist two managers from the Sir Dorab Tata Trust and the Sir Ratan Tata Trust, two members from the Tata Sons board and one external, non-Tata Group individual. The choice commission names being speculated about are NA Soonawala, Keki Dadiseth, Jamshed J Irani, R Gopalakrishnan, AN Singh and the foreigner and Ratan Tata ‘s close confidante and Bombay Dyeing Group president Nusli Wadia. Ratan Tata will non be a member of the hunt commission.
Ratan Tata had said in the yesteryear that his replacement could be an exile. “ It would be surely easier if that campaigner were an Indian national. But now that 65 % of our grosss come from abroad, it could besides be an expatriate posing in that place with justification now that we are a company that has planetary range and planetary presence, ” Ratan Tata had told The Wall Street Journal last November to a inquiry on how he was carry oning the hunt for his replacement
“ The replacement, I would trust, would hold unity and our value systems in the head and hopefully would transport on the way that we have tried to put for the company ‘s growing, ” Mr Tata had observed. The president had indicated to a magazine earlier in 2009 that his replacement would necessitate up to 18 months as handover clip.
While names, including Indra Nooyi of PepsiCo and Vikram Pandit of Citigroup have been talked about, Noel Tata has been considered a frontrunner for the group president ‘s place. Indeed, the stretch at Tata International is expected to give the 53 year-old Noel Tata exposure to the group ‘s abroad concerns ; he has spent about a decennary at Trent, constructing the retail concern. Tata International, a leather and technology…