DOCSLIB.ORG

TITAN COMPANY LIMITED Audit for the Year Ended 31'' March 2015 Form a (Stand-Alone Financial Statements)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
TITAN COMPANY LIMITED Audit for the Year Ended 31'' March 2015 Form a (Stand-Alone Financial Statements) TITAN COMPANY LIMITED Audit for the year ended 31'' March 2015 Form A (Stand-alone financial statements) Format of covering letter of the annual audit report to be filed with the stock exchanges 1. Name of the Company Titan Company Limited ~1. Annual Stand-alone financial statements for the 31'' March 2015 year ended 3. Type of Audit observation Un-qualified T Frequency of observation Not applicable To be signed by- CEO / Managing Director BHASKAR BHAT S SUBRAMANIAM • CFO C G KRISHNADAS NAIR Audit Committee Chairman Place: Bangalore Date: 7* May 2015 Refer our Audit Report dated 7* May 2015 on the separate financial statements of the Company. For Deloitte Haskins & Sells Chartered Accountants (Firm Registration No. 008072S) J V. Srikumar Partner (Membership No. 84494) Place : Bangalore Date : r^cy 2o i S" TITAN COMPANY LIMITED Audit for the year ended 31'^ March 2015 Form A (Consolidated financial statements) Format of covering letter of the annual audit report to be filed with the stock exchanges 1. Name of the Company Titan Company Limited ~1. Annual consolidated financial statements for the 31" March 2015 year ended 3. Type of Audit observation Un-qualified Frequency of observation Not applicable To be signed by- CEO / Managing Director BHASKAR BHAT • CFO S SUBRAMANIAM -J • Audit Committee Chairman C G KRISHNADAS NAIR Place: Bangalore Date : 7"" May 2015 Refer our Audit Report dated 7* May 2015 on the consolidated financial statements of the Company For Deloitte Haskins & Sells Chartered Accountants (Firm Registration No. 008072S) V. Sfikumar Partner (Membership No. 84494) Place : Bangalore Date : T-** tAM 2^1 r TITAN COMPANY LIMITED (formerly TITAN INDUSTRIES LIMITED) CIN: L74999TZ1984PLC001456 Board of Directors REGIONAL OFFICES C.V. Sankar (Chairman from 16th June 2014) East : 22, Camac Street, Block-B, 4th Floor, Kolkata 700 018 Hans Raj Verma (Chairman and Director upto 16th June 2014) West : The Metropolitan, East Wing, 9th Floor, C 26/27, Bandra T.K. Arun Kurla Complex, Bandra (East), Mumbai 400 051 Bhaskar Bhat (Managing Director) North : 213A, Okhla Inudstrial Estate, Phase-3, New Delhi 110 020 Ishaat Hussain (upto 20th March 2015) South : 132/133, Divyashree Technopolis, Yemalur, off Old Airport N.N. Tata Road, Bangalore - 560 037 Harish Bhat T.K. Balaji REGISTRAR & TRANSFER AGENTS C.G. Krishnadas Nair Vinita Bali TSR Darashaw Ltd. Hema Ravichandar Unit : Titan Company Ltd, Das Narayandas 6-10, Haji Moosa Patrawala Industrial Estate, Ireena Vittal 20, Dr. E Moses Road, Mahalaxmi, Mumbai 400 011 CHIEF FINANCIAL OFFICER e-mail: [email protected] S. Subramaniam website: www.tsrdarashaw.com HEAD- LEGAL & COMPANY SECRETARY A.R. Rajaram CONTENTS Notice ........................................................................................ 6 AUDITORS Directors’ Report ........................................................................ 15 Deloitte Haskins & Sells Management Discussion & Analysis ............................................ 44 BANKERS Corporate Governance Report ................................................... 51 Canara Bank Auditors’ Report ........................................................................ 72 State Bank of India Balance Sheet ............................................................................ 76 The Hongkong and Shanghai Banking Corporation Ltd Standard Chartered Bank Statement of Profit & Loss .......................................................... 77 Oriental Bank of Commerce Cash Flow Statement ................................................................. 78 Union Bank of India Indian Bank Notes forming part of the Financial Statements .......................... 80 Citi Bank N.A. Salient features of Subsidiaries ................................................... 106 Consolidated Accounts .............................................................. 107 REGISTERED OFFICE Financial Statistics ...................................................................... 142 3, SIPCOT Industrial Complex, Hosur 635 126, Tamilnadu Shareholder Satisfaction Survey .................................................. e-mail: [email protected] Updation of Register of Members .............................................. CORPORATE OFFICE Annual General Meeting 132/133, Divyashree Technopolis, Friday, 31st July 2015 at 3:00 p.m. Yemalur, off Old Airport Road, at 3, SIPCOT Industrial Complex, Hosur 635 126 Bangalore - 560 037 Book Closure Dates Ph.: +91 80 6660 9000 21st July 2015 To 31st July 2015 Titan Company Limited is a TATA Enterprise in association with Tamilnadu Industrial Development Corporation Limited Visit us at www.titan.co.in 5 TITAN COMPANY LIMITED 31st Annual Report 2014-15 Notice modification(s) the following resolution as an Ordinary Resolution: Notice is hereby given pursuant to Section 96 and 101 of the “RESOLVED THAT pursuant to the provisions of Section Companies Act, 2013 (the “Act”) that the Thirty First Annual 143(8) and other applicable provisions, if any, of the General Meeting (“the Meeting” or “AGM”) of TITAN COMPANY Companies Act, 2013 (the “Act”), as amended from time LIMITED (“the Company”) will be held at the Registered Office of to time, the Board of Directors of the Company be and is the Company at 3, SIPCOT Industrial Complex, Hosur 635 126, hereby authorized to appoint as Branch Auditors of any Tamilnadu, on Friday, 31st July 2015 at 3:00 P.M. to transact the branch office of the Company, whether existing or which following businesses: may be opened / acquired hereafter, outside India, in ORDINARY BUSINESS consultation with the Company’s Auditors, any person(s) 1. To receive, consider and adopt the Audited Balance Sheet qualified to act as Branch Auditors within the provisions of as at 31st March 2015, the Profit and Loss account for the Section 143(8) of the Act and to fix their remuneration.” year ended on that date and the Reports of the Directors 7. Ratification of Cost Auditors’ Remuneration and the Auditors thereon. To consider and, if thought fit, to pass with or without 2. To declare dividend on equity shares for the financial year modification, the following Resolution as an Ordinary ended 31st March 2015. Resolution: 3. To appoint a Director in place of Mr. N.N. Tata (DIN: RESOLVED THAT pursuant to Section 148 of the Companies 00024713), who retires by rotation and is eligible for re- Act, 2013 (the “Act”) and other applicable provisions of appointment. the Act read with the relevant Rules thereunder, (including 4. To appoint a Director in place of Mr. T.K. Arun (DIN: any statutory modification(s) or re-enactment thereof for 02163427), who retires by rotation and is eligible for re- the time being in force), consent of the Company be and appointment. is hereby accorded to the payment of remuneration of Rs. 3,00,000/- (Rupees Three lakhs only) plus applicable service 5. Appointment of Auditors: tax and reimbursement of out of pocket expenses to M/s To consider and if thought fit to pass with or without PSV & Associates, Cost Accountants, (Firm Registration modification(s) the following resolution as an Ordinary No. 00304) appointed by the Board of Directors of the Resolution: Company to conduct the audit of cost records of the “RESOLVED THAT pursuant to the provisions of Section Company for the financial year ending on 31st March 139 and all other applicable provisions, if any, of the 2016.” Companies Act, 2013 and the Rules framed thereunder, as 8. Commission to Non-Executive Directors amended from time to time, the Company hereby ratifies To consider and, if thought fit, to pass with or without the appointment of Deloitte Haskins & Sells, Chartered modification, the following resolution as a Special Accountants (Firm Registration No. 008072S), as Auditors Resolution: of the Company to hold office from the conclusion of this Annual General Meeting (AGM) till the conclusion of the “RESOLVED THAT pursuant to Section 197 of the thirty second AGM of the Company to be held in the year Companies Act, 2013 and Article 125 (a) of the Articles 2016 at such remuneration plus service tax, out-of-pocket, of Association of the Company and within the limits travelling and living expenses, etc., as may be mutually stipulated in Section 197(1) of the Companies Act agreed between the Board of Directors of the Company 2013, the Company be and is hereby authorised to pay and the Auditors.” remuneration by way of Commission, to Directors who are neither in the whole-time employment of the Company SPECIAL BUSINESS nor Managing Director(s) of the Company. 6. Appointment of Branch Auditors RESOLVED FURTHER THAT the gross amounts to be To consider and if thought fit to pass with or without disbursed as remuneration to all such Directors shall not 6 TITAN COMPANY LIMITED exceed one per cent of the net profits of the Company, shall not act as proxy for any other person or shareholder. computed in the manner referred to in Section 198 of the A Proxy is not entitled to vote except on a poll. A Proxy Companies Act, 2013. form is enclosed herewith. The form of proxy in order to RESOLVED FURTHER THAT the Board of Directors may, be effective should be duly completed and deposited at pursuant to the recommendations of the Board Nomination the Registered Office of the Company, not less than 48 and Remuneration Committee, decide the exact amount hours before the commencement of the Meeting. Proxies to be disbursed by way of Commission within the limits submitted on behalf of limited companies, societies etc., stipulated above and its allocation amongst the eligible
Load more

Recommended publications
  • Jamsetji Tata (1839-1904) February 10, 2004 Life in Business Community Quotes Tributes Trusts Pictures
    Jamsetji Tata (1839-1904) February 10, 2004 Life in Business Community Quotes Tributes Trusts pictures Jamsetji Tata's business philosophy was enshrined in values that made the country and its people partners in and beneficiaries of the wealth-creation process There are many reasons why India is beginning to shine on the economic front. One of the less-trumpeted ones can be traced to the late 19th century, when a band of homegrown entrepreneurs laid the seeds of indigenous industrialisation. The outstanding Indian businessman of the time was Jamsetji Nusserwanji Tata, industrialist, nationalist, humanist and the founder of the House of Tata. The industrialist in Jamsetji Tata was a pioneer and a visionary. The nationalist in him believed unwaveringly that the fruits of his business success would enrich a country he cared deeply about. But what made Jamsetji Tata truly unique, the quality that places him in the pantheon of modern India's greatest sons, was his humaneness. Jamsetji Tata rose to prominence in an era during which rapacious capitalism was the order of the day. America's 'robber barons' and their equivalents elsewhere in the world, including India, had come to define what the enterprise of moneymaking was all about: cruel to workers and uncaring of society, predatory in nature and ravenous in creed. Jamsetji Tata, though, was cut from a different cloth. The distinctive structure the Tata Group came to adopt, with a Related Articles huge part of its assets being held by trusts devoted to ploughing The giant who touched money into social-development initiatives, can be traced directly tomorrow to the empathy embedded in the founder's philosophy of Standing tall business.
    [Show full text]
  • Tata Sons - Passing the Baton.Docx
    C:\Users\Firdoshktolat\Documents\Interesting\Tatas\Tata Sons - Passing The Baton.Docx TATA SONS: PASSING THE BATON By Jehangir Pocha The author is the co-promoter of INX News This article appeared in Forbes India Magazine of 16 December, 2011 http://forbesindia.com/article/boardroom/tata-sons-passing-the-baton/31052/0#ixzz1k4cATEGO There's a continuing thread of history in Cyrus Mistry's appointment as Ratan Tata's successor. But the move is also testimony to Tata's professionalism and sincerity. The passing of a crown is always a delicate affair. In 1991, when J.R.D. Tata handed his to Ratan Naval Tata, his courtiers had rebelled. It took time for RNT to subdue the satraps and prove JRD’s decision on his successor was perhaps his finest. But then JRD was always renowned for his ability to pick men. The circumstances around anointing RNT’s successor exactly two decades later were rather different. The world and the Tata’s had changed. It would take more than an arbitrary announcement from RNT to achieve a smooth succession in what is now one of the world’s largest conglomerates. So, if Cyrus P. Mistry is the first Tata head to have been crowned by a committee rather than a King, and the first from outside India Inc.’s first family, it is a testament to Tatas’ ability to move with the times. Yet, to those who know Tatas and its history, there is also no doubt that there is a continuing thread of history in Mistry’s appointment. Ties between the Mistry and Tata families have been close — and contentious — ever since 1936 when Cyrus’s grandfather Shapoorji Pallonji Mistry bought 17.5% of Tatas’ main holding company, Tata Sons.
    [Show full text]
  • Credo) Workshop Nd Th 22 to 26 November 2015
    International Collaboration for Research methods Development in Oncology (CReDO) workshop nd th 22 to 26 November 2015 CReDO Shaping research ideas Organized by: Tata Memorial Centre, Mumbai National Cancer Grid of India Supported by Tata Trusts, Mumbai Tata Memorial Centre, Mumbai National Cancer Institute, USA King's College, London About the workshop The Tata Memorial Centre, Mumbai and the National Cancer Grid of India announce a five-day residential workshop on clinical research protocol development to be held in Mumbai between 22nd and 26th November 2015. This intensive protocol development workshop is modeled on similar workshops held in the United States (Vail), Europe (Flims) and Australia (ACORD). The main collaborators for the workshop are the National Cancer Institute (NCI), USA, King's College, London, the Medical Research Council-Clinical Trials Unit (MRC-CTU) at University College London and the Australia and Asia-Pacific Clinical Oncology Research and Development (ACORD) group, Australia. The objective of this workshop is to train researchers in oncology in various aspects of clinical trial design and to help them to develop a research idea into a structured protocol. Participation is open to researchers with training in surgical, medical or radiation oncology or any branch related to oncology. Preference will be given to early and middle-level researchers working in an academic setting who can demonstrate commitment to continuing research in oncology. The format of the workshop is a combination of protocol development group sessions, didactic talks, small-group breakaway sessions, office-hours (one-to-one direct consultation with experts) and “homework”. The faculty will consist of international and national experts with extensive experience in oncology research and training in research methodology workshops.
    [Show full text]
  • Strategy Embedded Value of Tata Sons in Group
    EQUITY RESEARCH India | Equity Strategy Strategy Exhibit 1 - Value of Tata Group Embedded Value of Tata Sons in Group Cos companies holding in Tata Sons Value of holdings in Tata Sons based Value of holdings in Tata Company Name Market Cap (Rs mn) 6 October 2020 on listed investment (Rs mn) Sons (as % of Mcap) Tata Chemicals 78,478 198,704 253.2 Tata Power 172,069 129,525 75.3 The Indian Hotels Company 120,353 87,347 72.6 Key Takeaway Tata Steel 434,912 240,203 55.2 Tata Motors 445,242 240,203 53.9 Financial troubles at the Shapoorji Palanji (SP) group, which holds an 18% stake in . Tata Consumer Products 463,754 34,065 7.3 Source: Company annual reports, Jefferies Tata Sons – the group hold co – has triggered debate on Tata Sons' worth. Tata Sons’ holdings across 14 listed cos works out to US$100bn+. SP group's reported asking price is c.20% higher. Several listed Tata group cos hold a stake in Tata Sons. For Tata Chem, Indian Hotels, Tata Power, Tata Steel and Tamo the value of investment in Tata Sons is more than 50% of the market cap. This report is intended for [email protected]. Unauthorized distribution prohibited. Stress at the SP group prompting likely Tata Sons breakup. The SP group's weak liquidity situation was made clear recently when on 25th Sep'20 it defaulted on a Union Bank owned Rs2bn commercial paper. Earlier, the group had tried to pledge part of its 18.4% shareholding in Tata Sons to shore up funding for its own businesses; but the same was stayed by the Supreme court (next hearing 28th October).
    [Show full text]
  • Fort 19440101 100 Article.Pdf
    100 [ THE W 0 R KIN G FRO NT 2] 101 TBE BOUSE or TATA THE INDUSTRIAL GIANT OF INDIA, A BACKWARD INDUSTRIAL COUNTRY, FIGHTS FOR THE EMPffiE THAT HAS OCCASIONALLY HELPED, OCCASIONALLY! IDNDERED ITS GROWTH HE House of Tata is a $230 million industrial empire, as backdrop for the story of the House of Tata itself-the Tthe backbone of India's indigenous industrialization, em­ story of a pioneer in successive phases of Indian industrial­ bracing, among other enterprises, steel, hydroelectric power, ization-first in cotton, then in steel and electric power, now textiles, aviation, and chemicals. With Indian capital, under in aviation and chemicals. The story of Tata both mirrors and Indian control and increasingly Indian management, Tata has colors the history of the growth of Indian industry. built up the biggest steelworks in the British Empire--now producing steel armor plate for the first time in Indian history; THE COTTON MILLS Tata generates one-third of India's electric power; Tata air­ lines fly 4,000 miles of regular air routes; under the stimulus That the House of Tata exists at all is due largely to the per­ of war, Tata has started a long-needed heavy-chemicals indus­ sistent initiative and vision of one man-the founder, Jamsetji try in India. Apart from this impressive industrial contribu­ Nusserwanji Tata. He was born (in 1839) a Parsi, one of that tion to a country in which three-quarters of the population small but commercially potent religious group that fled to India have been forced to depend for a living on tilling the worn­ from Persia in the eighth century.
    [Show full text]
  • 9Th June 2020 BJ/SH-L2
    9th June 2020 BJ/SH-L2/ BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Exchange Plaza, 5th Floor 1st Floor, New Trading Ring Plot No. C/1, G Block Rotunda Bldg., P. J. Towers Bandra-Kurla Complex Dalal Street, Fort Bandra (East) Mumbai – 400 001. Mumbai – 400 051. Scrip Code: 500400 Symbol: TATAPOWER EQ Dear Sirs, Submission of half yearly disclosure on Related Party Transactions Pursuant to Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed disclosure of related party transactions on a consolidated basis for the half year ended 31st March 2020. This is for your information and records. Yours faithfully, For The Tata Power Company Limited Company Secretary Encl: as above The Tata Power Company Ltd. Related Party Disclosures- for the half year ended 31st March, 2020 The Group’s related parties primarily consists of its associates, joint ventures and Tata Sons Private Ltd. including its subsidiaries and joint ventures. The Group routinely enters into transactions with these related parties in the ordinary course of business at market rates and terms. Transactions and balances between the Company, its subsidiaries and fellow subsidiaries are eliminated on consolidation. Disclosure as required by Ind AS 24 - “Related Party Disclosures” are as follows: Names of the related parties and description of relationship: (a) Related parties where control exists: (i) Employment Benefit Funds 1) Tata Power Superannuation Fund 2) Tata Power Gratuity Fund 3) Tata Power Consolidated Provident Fund 4) M/s Maithon Power Gratuity Fund (Fund) 5) North Delhi Power Ltd.
    [Show full text]
  • A Day in the Life of Rajan Sankar
    102 A DAY IN THE LIFE OF RAJAN SANKAR A Day in the Life of Rajan Sankar Program Direcor for Nutiton, Tata Truss Mr Ratan N Tata, Chairman of the Tata Trusts, has made nu- trition a priority for our organization. India has enjoyed strong economic growth in recent times, and has produced many great intellectual, scientifc and technical achievements. This progress has not been refected in the nutritional status of the population as a whole, however. Malnourishment still exists on a wide scale, afecting woman and children in particular. It is too early to re- port concrete results, but we are forging important partnerships in the fght against malnutrition, especially with governmental agencies, and the early signs of progress are promising. “ We are forging important partnerships in the fght against malnutrition, and the early signs of progress are promising” Dr R Sankar, Nutrition Symposium, Delhi SAL: Could you tell us something about the history of Tata Trusts, Sight and Life (SAL): Dr Sankar, you are Program Director and about the organization’s current focus? for Nutrition, Tata Trusts. What are your key responsibilities in this role? RS: Tata Trusts is one of India’s oldest philanthropic organiza- tions, with a history of over 125 years of service to humanity. Rajan Sankar (RS): My role involves providing technical and Its origins date back to the illustrious Jamsetji Nusserwan- operational guidance to the Trusts within the famework of the ji Tata, an Indian industrialist and philanthropist who made organization’s nutrition portfolio. I direct a small team that is his fortune in cotton and in 1879 set up Empress Mills in what responsible for converting nutrition strategy into action, making was then called Bombay (Mumbai today).
    [Show full text]
  • Jehangir Ratanji Dadabhai Tata
    Jehangir Ratanji Dadabhai Tata Born: July 29, 1904 Died: on November 29, 1993 Achievements: He had the honor of being India's first pilot; was Chairman of Tata & Sons for 50 years; launched Air India International as India's first international airline; received Bharat Ratna in 1992. JRD Tata was one of the most enterprising Indian entrepreneurs. He was a pioneer aviator and built one of the largest industrial houses of India. JRD Tata was born on July 29, 1904 in Paris. His mother was a French, while his father was Parsi. JRD's full name was Jehangir Ratanji Dadabhoy Tata and he was popularly known as Jeh to his friends. JRD's father Ratanji Dadabhoy Tata and Sri Jamsetji Tata shared their greatness from the same great-great-grandfather, Ervad Jamsheed Tata, a priest of Navsari. JRD Tata was the second of four children. He was educated in France, Japan and England before being drafted into the French army for a mandatory one-year period. JRD wanted to extend his service in the forces but destiny had something else in store for him. By leaving the French army JRD's life was saved because shortly thereafter, the regiment in which he served was totally wiped out during an expedition in Morocco. JRD Tata joined Tata & Sons as an unpaid apprentice in 1925. He has great interest in flying. On February 10, 1929, JRD became the first Indian to pass the pilot's examination. With this distinctive honor of being India's first pilot, he was instrumental in giving wings to India by building Tata Airlines, which ultimately became Air India.
    [Show full text]
  • Sir Ratan Tata Trust and Allied Trusts Annual Report 2016-17
    MAKING A SUSTAINABLE DIFFERENCE SIR RATAN TATA TRUST & ALLIED TRUSTS ANNUAL REPORT 2016-2017 Guiding principle of Tata Trusts “There is one kind of charity common enough among us, it is that patchwork philanthropy which clothes the ragged, feeds the poor, and heals the sick. I am far from decrying the noble spirit which seeks to help a poor or suffering fellow being. However, what advances a nation or a community is not so much to prop up its weakest and most helpless members, but to lift up the best and the most gifted, so as to make them of the greatest service to the country.” — Jamsetji Tata 2 Tata Trusts Sir Ratan Tata Trust & Allied Trusts l Annual Report 2016-2017 3 MESSAGE FROM THE CHAIRMAN aking a meaningful difference in the lives of the people and communities that we serve remains the cornerstone of the enduring MTata commitment to philanthropy. The means and methods of achieving this objective have evolved over a century and a quarter since the setting up, in 1892, of the JN Tata Endowment for the higher education of Indians, the first step in the creation of what is now collectively known as Tata Trusts. Our allegiance to the legacy and values that sustain us has remained constant, but we have changed course over the recent past to enhance the effectiveness of the numerous projects and programmes that we are involved with across India’s social development spectrum. Strategy and long-term goals, technology and innovation, collaboration and cooperation, sustainability and scalability are now more crucial than ever before for Tata Trusts.
    [Show full text]
  • Being the Change for Bringing Change
    BEING THE CHANGE FOR BRINGING CHANGE Sir Ratan Tata Trust & Allied Trusts Annual Report 2017-2018 THE GUIDING PRINCIPLE OF TATA TRUSTS There is one kind of charity common enough among us, it is that patchwork philanthropy which clothes the ragged, feeds the poor, and heals the sick. I am far from decrying the noble spirit which seeks to help a poor or suffering fellow being. However, what advances a nation or a community is not so much to prop up its weakest and most helpless members, but to lift up the best and the most gifted, so as to make them of the greatest service to the country. ~ JAMSETJI TATA Sir Ratan Tata Trust & Allied Trusts | Annual Report 2017-2018 1 MESSAGE FROM THE CHAIRMAN The country today is reflective of both youthful energy and mature musings. As it is with the Trusts, which are balancing areas of national importance, with the work that began more than a century ago. The Trusts have endeavoured to be compassionate, harnessing creative thinking to achieve results desired by the beneficiaries. As they develop competence in executing projects at scale on ground, they are also acutely conscious of the strengths that lie in collaboratively working with like-minded partners to accelerate social change. It is this flexibility in approach that marks the signs of change. In the last year, the Trusts have undertaken work that may galvanise the way we address cancer care in the nation. The aim is to make specialised care accessible and to provide a uniform quality of treatment to all.
    [Show full text]
  • Annual Report 2018-19
    INFINITE PROGRESS INFINITE HAPPINESS SIR DORABJI TATA TRUST & ALLIED TRUSTS ANNUAL REPORT 2018-2019 THE GUIDING PRINCIPLE OF TATA TRUSTS There is one kind of charity common enough among us, it is that patchwork philanthropy which clothes the ragged, feeds the poor, and heals the sick. I am far from decrying the noble spirit which seeks to help a poor or suffering fellow being. However, what advances a nation or a community is not so much to prop up its weakest and most helpless members, but to lift up the best and the most gifted, so as to make them of the greatest service to the country. ~ JAMSETJI TATA SIR DORABJI TATA TRUST & ALLIED TRUSTS | ANNUAL REPORT 2018-19 MESSAGE FROM THE CHAIRMAN Over the past year, the Tata Trusts have continued to focus on issues and causes of national importance and on the creation of opportunities for lower income communities in India. The Trusts have been actively involved with initiatives announced by our Prime Minister, as well as in the areas of water conservation, sanitation, cancer care and rural upliftment. In February 2019, one such state-of-the-art cancer facility in Varanasi, equipped with facilities for early detection and treatment, was inaugurated by the Prime Minister. The Trusts are participating in similar projects with the government, such as ‘Lakhpati Kisan’, which will help create rural empowerment by creating jobs and livelihoods for over 1,00,000 households. Partnerships with like-minded foundations and research institutions have helped create self-sustaining ecosystems which benefit society as a whole. The Trusts have traditionally supported or actively collaborated with various globally renowned research entities, such as Massachusetts Institute of Technology (MIT) and University of California, San Diego on projects such as low-cost medical devices and the elimination of the malaria toxin carried by mosquitoes.
    [Show full text]
  • Chapter-I Introduction
    CHAPTER-I INTRODUCTION 1 INTRODUCTION Tata Group Type Private Industry Conglomerate Founded 1868 Founder(s) Jamsetji Tata Bombay,house Headquarters Mumbai, India Area served Worldwide RatanTata Key people (Chairman) Steel Automobiles Telecommunications Products Software Hotels Consumer goods 2 Revenue 319,534 crore (US$69.34 billion) Profit 8,240 crore (US$1.79 billion) Total assets US$ 52.8 billion (2009-10) Employees 396,517 (2009-10) TataSteel TataSteelEurope TataMotors TataConsultancyServices TataTechnologies TataTea Subsidiaries TitanIndustries TataPower TataCommunications TataTeleservices TataAutoCompSystemsLimited Taj Hotels Website Tata.com Tata Group Companies CMC · Tata BP Solar · Tata Coffee · Tata Chemicals · Tata Consultancy Services · Tata Elxsi · Tata Interactive Systems · Tata Motors · Tata Steel · Tata Power · Tata India-basedTea · Tata Communications · Tata Technologies Limited · Tata Teleservices · Titan Industries · Tata Voltas · The Indian Hotels Company · Trent (Westside) · Cromā 3 Brunner Mond · Jaguar Land Rover (Jaguar Cars · Land Other Rover) · Tata Daewoo Commercial Vehicle · Tata Steel Europe · Tetley · VSNL International Canada Ginger · Good Earth Teas · Tanishq · Taj Hotels · I-shakti · Tata Salt · Brands Tata Sky · Tata Indicom · Tata DoCoMo · Titan · Westside · Voltas · Virgin Mobile India Notable Jamsetji Tata · Ratanji Dadabhoy · Dorabji Tata · Nowroji People Saklatwala · J. R. D. Tata · Ratan Tata · Pallonji Mistry Bombay House is the head office of Tata Group The Tata Group is an Indian multinational conglomerate company headquartered in the Bombay House in Mumbai, India. In terms of market capitalization and revenues, Tata Group is the largest private corporate group in India. It has interests in chemicals, steel, automobiles, information technology, communication, power, beverages, and hospitality. The Tata Group has operations in more than 80 countries across six continents and its companies export products and services to 80 nations.
    [Show full text]