Tata Sons
Tata Sons Private Limited is the holding company of Tata Group and holds the bulk of shareholding in the Tata group of companies including their land holdings across India, tea estates and steel plants.
Tata Sons Private Limited was established as a trading enterprise in 1868, and engaged primarily in the lucrative opium and tea trade with Mongolia and China before moving from conducting businesses directly to becoming the principal holding company of Tata Group. About 66% 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. Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries. It is one of the largest conglomerates in South Asia.
Location
The company is registered and located in Mumbai, India.Board of Directors
List of Tata sons Board of DirectorsPosition | Personnel |
Chairman | Natarajan Chandrasekaran |
Independent director | Farida Khambata |
Director | Venu Srinivasan |
Non-executive director | Ajay Piramal |
Additional director | Ralf Speth |
Director | Bhaskar Bhat |
Independent director | Harish Manwani |
Director | Saurabh Agrawal |
Shareholding Pattern
and Sir Ratan Tata Trust are the two biggest shareholders of Tata Sons, with a combined stake of around 50%, while Pallonji Shapoorji Mistry is the largest individual shareholder. Shapoorji Pallonji Mistry, who is Mr. Pallonji's grandfather, 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. Mr. Pallonji's shareholding is divided equally between his two sons, Shapoor Mistry and Cyrus Mistry.Total equity shares 404,146
Shareholder | No of shares | Share-holding percentage |
Pallonji Shapoorji Mistry | 108 | 0.02672 |
Sterling Investment Corporation Pvt. Ltd. | 37122 | 9.18529 |
Cyrus Investments Pvt. Ltd. | 37122 | 9.18529 |
Ratan Tata | 3368 | 0.83336 |
Sir Dorabji Tata Trust | 113067 | 27.97677 |
Sir Ratan Tata Trust | 95211 | 23.55857 |
Tata Investment Corp | 326 | 0.08066 |
Sarvajanik Seva Trust | 396 | 0.09798 |
RD Tata Trust | 8838 | 2.18683 |
Tata Social Welfare Trust | 15075 | 3.73009 |
Tata Education Trust | 15075 | 3.73009 |
JRD Tata Trust | 16200 | 4.00845 |
Tata Power | 6673 | 1.65114 |
Tata Consumer Products Ltd. | 1755 | 0.43425 |
The Indian Hotels Company Ltd. | 4500 | 1.11346 |
Tata Industries Ltd. | 2295 | 0.56786 |
Tata Chemicals | 10237 | 2.53300 |
Tata Steel Ltd. | 12375 | 3.06201 |
Tata International Ltd. | 1477 | 0.36546 |
Tata Motors | 12375 | 3.06201 |
Mrs. Piloo Minocher Tata | 487 | 0.12050 |
Jimmy N. Tata | 3262 | 0.80713 |
Mrs. Vera Farhad Choksey | 157 | 0.03885 |
Jimmy Minocher Tata | 157 | 0.03885 |
Simone Tata | 8 | 0.00198 |
Noel Tata | 4058 | 1.00409 |
HH Maharawal Virendra Singh Chauhan | 1 | 0.00025 |
MK Tata Trust | 2421 | 0.59904 |
Conversion to Private Ltd, and Internal Conflicts
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; both these decisions were challenged in court by former executive chairman Cyrus Mistry.On December 2019, NCLAT declared the conversion, and by extension, Mr Chandrasekaran's chairmanship, illegal and restored Mistry. On 10 January 2020, however, the Supreme Court stayed NCLAT's order; in response, Mr. Mistry has filed a cross appeal in the court, seeking explanations for anomalies in the NCLAT. As of March 2020, the decision remains pending.