April 16, 2014 6:40 PM ET

Industrial Conglomerates

Company Overview of Tata Sons Limited

Company Overview

Tata Sons Limited, through its subsidiaries, engages in the businesses of communications and information technology, engineering, materials, services, energy, consumer products, and chemicals in India and internationally. It offers solutions in the areas of software and other information systems, telecommunications, and industrial automation. The company also offers various engineering products and services; provides insurance, realty, and financial and other services; offers steel and composites; engages in the power generation, transmission, and distribution business; and engages in the oil and gas, watches and jewelry, and retail businesses. In addition, it produces soda ash, as well as h...

Bombay House

24, Homi Mody Street

Mumbai,  400 001

India

Founded in 1868

Phone:

91 22 6665 8282

Fax:

91 22 5665 8160

Key Executives for Tata Sons Limited

Senior Vice President of Finance
Age: 58
Chief Executive Officer of Tata Consultancy Services and Managing Director of Tata Consultancy Services
Age: 69
Chief Executive Officer of Tata Technologies and Managing Director of Tata Technologies
Age: 64
Chief Executive Officer of Indian Hotels Company and Managing Director of Indian Hotels Company
Age: 58
Chief Executive Officer of Serwizsol
Age: 76
Compensation as of Fiscal Year 2013.

Tata Sons Limited Key Developments

Tata May Invest In TTL

Tata Sons Limited may invest in Tata Teleservices Limited (TTL). According to the news report, Tatas may pump INR 20 billion more into TTL that would be used to repay debt. A banker close to the matter said, “There was a gap of INR 45 billion in servicing the debt, which the promoters have agreed to bring to the table as equity. Tata Teleservices has already received INR 24.8 billion of this money and the rest is expected in the next two years.” The report also mentioned that an email sent to TTL on April 9, 2014 did not elicit any response.

NTT DOCOMO Reportedly Not To Sell Its Stake In Tata Teleservices

NTT DOCOMO, Inc. (TSE:9437) has decided to stay put in Tata Teleservices Limited, its telecom joint venture with Tata Sons Limited, for at least another year, reported Economic Times citing people aware of the development. NTT DOCOMO had the option of raising its stake to 33% from its current 26% in 2013, which it chose not to exercise. Alternatively, NTT could have sold its stake back to the Tata Sons by March 2014, at about half the approximately INR 130 billion it paid to acquire the holding in 2009 if the company failed to achieve goals including subscriber numbers, making a net profit and rolling out a certain number of towers, a banker familiar with developments said. The banker said that NTT has decided not to exercise its "put option" to sell 26% in Tata Teleservices for at least a year and the intention was to give Tata Teleservices time to find a buyer and then get a higher valuation for its holding, or even choose to retain a smaller stake in the new entity. The banker said, "The extension of the put option offers some leeway to the debt-laden company." NTT hired a leading consultancy firm to take stock of India's telecom sector and the current position of Tata Teleservices in the industry, according to people with knowledge of this. Tata Teleservices and NTT didn't respond to emails of Economic Times.

Viom Networks Reportedly Mulls Listing In Foriegn Bourse

Viom Networks Limited, a joint venture of SREI Infrastructure Finance Limited (BSE:523756) and Tata Sons Limited has appointed Credit Suisse and Citigroup to advise it on raising about INR 15 billion of growth capital through listing on a foreign bourse. According to sources, while the firm is most likely to list its shares on the London Stock Exchange (LSE), it is also considering the New York Stock Exchange (NYSE) and the Singapore Stock Exchange. The listing is expected over the next three to six months. It has yet to finalise the amount of equity it will dilute through the initial public offering (IPO). According to market sources, both Tata Tele and Srei Group might look at reducing their holding in Viom. At present, Tata Tele has a 54% stake in the JV, while Srei Group holds 18.5%. The remaining 27.5% is owned by a group of financial investors, including GIC Pte. Ltd., IDFC Private Equity, Oman Investment Fund and SBI Macquarie Infrastructure Management Pvt., Ltd. A spokesperson for Viom Networks said: “Though we don’t comment on speculation, we can confirm that Viom Networks and its shareholders have engaged international financial advisors to explore options for raising growth capital.” Credit Suisse and Citi did not respond to queries from Business Standard.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 17, 2013
McGraw-Hill Education India Private Ltd.
Private Placement
June 14, 2013
Chandan & Chandan Industries Private Limited
 

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