DOCSLIB.ORG

Trent Cover.Pmd

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Trent Cover.Pmd C M Y K LETTER OF OFFER Dated: April 30, 2007 For Equity Shareholders of the Company only (Incorporated on 5th December, 1952 under the Indian Companies Act, 1913 as Lakme Limited and name changed to Trent Limited with effect from June 15, 1999) Registered Office: Bombay House, 24 Homi Mody Street, Mumbai 400 001, Maharashtra, India Tel. No. + 91-22-6665 8282 Fax No. + 91-22-2204 2081, Contact Person: Mrs. H. R. Wadia, Company Secretary and Compliance Officer, E-mail: rightsissue@trent-tata.com; Website: www.mywestside.com Corporate Office: Enterprise Center, 2nd Floor, 17/5 C.S.T., Off. Nehru Road, Vile Parle (East), Mumbai - 400 057, Maharashtra, India. Tel. No. +91-22-6676 7575 Fax No. +91-22-2612 7097 FOR PRIVATE CIRCULATION TO THE EQUITY SHAREHOLDERS OF OUR COMPANY ONLY LETTER OF OFFER ISSUE OF 31,52,147 FULLY PAID EQUITY SHARES WITH A FACE VALUE OF RS.10/- EACH AT A PREMIUM OF RS. 490/- PER EQUITY SHARE FOR AN AMOUNT AGGREGATING TO RS. 157,60,73,500 ON RIGHTS BASIS TO THE EXISTING SHAREHOLDERS OF OUR COMPANY IN THE RATIO OF 1 FULLY PAID EQUITY SHARE FOR EVERY 5 EQUITY SHARES HELD BY THE EXISTING SHAREHOLDERS ON THE RECORD DATE, THAT IS ON MAY 15, 2007 GENERAL RISKS Investments in equity and equity related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of losing their investment. Investors are advised to read the Risk Factors carefully before taking an investment decision in this Issue. For taking an investment decision, investors must rely on their own examination of the Issuer and the Issue including the risks involved. The securities have not been recommended or approved by the Securities and Exchange Board of India (SEBI) nor does SEBI guarantee the accuracy or adequacy of this document. Investors are advised to refer to the section titled "Risk Factors" beginning on page "vi" of this Letter of Offer before making an investment in this Issue. ISSUER'S ABSOLUTE RESPONSIBILITY The Issuer, having made all reasonable inquiries, accepts responsibility for and confirms that this Letter of Offer contains all information with regard to the Issuer and the Issue, which is material in the context of this Issue, that the information contained in this Letter of Offer is true and correct in all material aspects and is not misleading in any material respect, that the opinions and intentions expressed herein are honestly held and that there are no other facts, the omission of which makes this Letter of Offer as a whole or any such information or the expression of any such opinions or intentions misleading in any material respect. LISTING The existing Equity Shares of our Company are listed on Bombay Stock Exchange Limited and National Stock Exchange of India Limited. Our Company has received in-principle approvals from Bombay Stock Exchange Limited by its letter dated February 19, 2007 and from the National Stock Exchange of India Limited by its letter dated February 28, 2007 granting in- principle approval for listing the securities arising from this Issue. For the purpose of this Issue, the Designated Stock Exchange is Bombay Stock Exchange Limited. LEAD MANAGER TO THE ISSUE REGISTRAR TO THE ISSUE DSP Merrill Lynch Limited Intime Spectrum Registry Limited Mafatlal Center, 10th Floor, Nariman Point, Unit: Trent Limited-Rights Issue Mumbai 400 021, India C-13, Pannalal Silk Mills Compound, Tel. : +91- 22- 6632 8000 Bhandup (West), Mumbai 400 078, India Fax. : +91- 22- 2204 8518 Tel.: +91 22 2596 0320; Tel.: +91 22 2596 0328 / 29 Email: trentrights@ml.com Email: trent@intimespectrum.com Website: www.dspml.com Website : www.intimespectrum.com Contact Person: Mr. Abhishek Garg / Mr. Ateet Sanghavi Contact Person: Mr. Vishwas Attavar ISSUE PROGRAMME ISSUE OPENS ON LAST DATE FOR REQUEST FOR ISSUE CLOSES ON SPLIT APPLICATION FORMS MAY 29, 2007 JUNE 12, 2007 JUNE 27, 2007 C M Y K TABLE OF CONTENTS Section Page Definitions and Abbreviations ................................................................................................................................... i Presentation of Financial Information and Use of Market Data ........................................................................... iv Forward Looking Statements .................................................................................................................................... v Risk Factors ................................................................................................................................................................ vi Summary ..................................................................................................................................................................... 1 General Information ................................................................................................................................................... 8 Capital Structure ........................................................................................................................................................ 13 Objects of the Issue ................................................................................................................................................... 22 Basis for Issue Price ................................................................................................................................................. 26 Tax Benefits ................................................................................................................................................................ 28 Industry Overview....................................................................................................................................................... 33 Key Industry Regulations and Policies .................................................................................................................... 42 Business Overview .................................................................................................................................................... 44 Subsidiaries ................................................................................................................................................................ 62 Corporate Structure and Management .................................................................................................................... 70 Promoters .................................................................................................................................................................... 78 Financial Information ................................................................................................................................................. 97 Management Discussion and Analysis of Financial Conditions and Results of Operations ............................ 168 Outstanding Litigations and Material Developments ............................................................................................. 174 Other Regulatory and Statutory Disclosures .......................................................................................................... 192 Stock Market Data ..................................................................................................................................................... 198 Government Approvals .............................................................................................................................................. 200 Dividend Policy........................................................................................................................................................... 209 Terms of the Present Issue ....................................................................................................................................... 210 Main Provisions of the Articles of Association of our Company .......................................................................... 228 Material Contracts and Documents for Inspection ................................................................................................. 242 Declaration.................................................................................................................................................................. 243 DEFINITIONS AND ABBREVIATIONS In this Letter of Offer, the terms "we", "us", "our", "our Company" "the Company" or "Trent", unless the context otherwise implies, refer to Trent Limited. All references to "Rs."or "INR" refer to Rupees, the lawful currency of India, "USD" or "US$" refer to the United States Dollar, the lawful currency of the United States of America, references to the singular also refers to the plural and one gender also refers to any other gender, wherever applicable, and the words "Lakh" or "Lac" means "100 thousand" and the word "million" or "mn" means "10 lakh" and the word "crore" means "10 million" or "100 lakhs" and the word "billion" means "1,000 million" or "100 crores". Any discrepancies in any table between the total and the sums of the amounts listed are due to rounding off. AGM Annual General Meeting Articles Articles of Association of our Company Auditors Refers to M/s. N. M. Raiji & Co. unless otherwise specified. Bankers to the Issue HDFC Bank Ltd, Citibank N.A, HSBC Board or Board of Directors Board of Directors of Our Company or a Committee(s) thereof BSE Bombay Stock Exchange Limited CAF Composite Application Form CAGR Compounded Annual Growth Rate Capital or
Load more

Recommended publications
  • Role of Corporate Goverance and Sebi : a Critical Analysis
    Journal of Xi'an University of Architecture & Technology Issn No : 1006-7930 ROLE OF CORPORATE GOVERANCE AND SEBI : A CRITICAL ANALYSIS Dr. Neetu Prakash Assistant Professor, Guru Nanak Khalsa College for Women, Model Town, Ludhiana ABSTRACT Corporate frauds or financial crimes or financial frauds can be classified as white-collar crimes, which represent the illegal acts that are characterized by deceit, concealment or violation of trust. The fraudulent exercises practiced by Enron, WorldCom and Martha Steward shook the world. Of these scandals, the Enron accounting scandal was the most infamous one. There were similar allegations against the WorldCom Company, whose CEO Bernard Ebbers hid an expenditure of $11 bn; later this led the company to bankruptcy. Frauds have occurred in almost every country in the world, in almost every sector, including banking, insurance, telecom, automobile industry, health, and the list is endless. The growing focus on cross-border expansion, high levels of growth with internal processes not keeping pace and large number of new employees joining the organization are making most companies vulnerable to greater fraud risk in recent times. The IT hackers and fraudsters can pose a significant threat of a financial crime. Cyber-crimes, economic crimes, ethical crimes, falsification of accounts by showing inflated profits, breach of fiduciary duty, breach of confidential information, non- disclosure of material facts etc. are causing enormous harm to the rights and interests or the society. Every such corporate fraud is a heinous crime against humanity, as it adversely affects and ruins the fortunes of large segments of innocent people. There are several adverse consequences of financial crimes.
    [Show full text]
  • Home Guard Plus Policy UIN: TATHLIP21293V022021
    TATA AIG General Insurance Company Limited Home Guard Plus Policy UIN: TATHLIP21293V022021 Home Guard Plus Policy - Prospectus Suitability: This policy covers persons in the age group 20 years – 65 Years, Policy is renewal for life on payment of premium. Sum Insured is available from << 1L to 3 crores in multiples of 1L>> Salient Features & Benefits: 1. Critical Illness Benefit- Entire Sum Insured is payable on the first diagnosis of any of the below mentioned 9 critical illness and procedures: C1 Cancer of specified severity C2 Kidney Failure Requiring Regular Dialysis C3 Multiple Sclerosis with persisting symptoms C4 Major Organ / Bone Marrow Transplant C5 Open Heart Replacement or Repair of Heart Valves C6 Open Chest CABG C7 Stroke resulting in Permanent Symptoms C8 Permanent Paralysis of Limbs C9 First Heart Attack - of specified severity 2. Personal Accident Pays upto the entire sum insured, if bodily injury results in death or permanent disability due to an accident. a. Accidental Death: Death of the insured person on account of an accident. b. Permanent Total Disability (PTD): Pays upto the entire sum insured, if bodily injury results in permanent disability due to an accident, occurring within twelve (12) months of the Date of Loss c. Education Benefit: Pays upto the 10% of the Sum Insured or upto Rs. 5L whichever is lower to the Eligible Child(ren) education in the event of death or Permanent Total Disability of the insured due to an accident resulting in death or PTD within twelve (12) months of the Date of Loss. The cover mentioned under Education Benefit is over and above the sum insured covered under Death or Permanent Total Disability section.
    [Show full text]
  • Private Sector Opinion Issue 11
    Private Sector Opinion CRASHES, BAILOUTS, REGULATIONS Issue 11 Foreword With the recent stock market frauds in markets around the world such as the Madoff case in the U.S. and the recent Satyam fraud in India, no nation can hold A Global Corporate its head high and claim to have good corporate governance. The reality is that the problems of fraud, faulty audits, misleading accounts, lack of transparency, Governance Forum conflicts of interest, criminal destruction of records and a long list of other cor- porate governance violations, are not limited to emerging markets but are very Publication much in evidence in developed markets as well. Given recent events then, the importance of sound corporate governance is becoming increasingly apparent. International organizations like the OECD, the World Bank and the International Corporate Governance Network (ICGN), along with major fund managers, are formulating sets of codes and principles that can be applied globally. It is also clear, however, that governments have generally done a poor job of policing the complex world of finance and that the greater part of the task will be left to self- policing on the part of the participants. There is no doubt about it: sound corporate governance pays. Several studies undertaken by various organizations have shown that: there is a direct relation- ship between good corporate governance and investment returns. The oversight that comes from transparency and accountability creates a structure where the managers are discouraged from mismanaging the company, be it though a lack of diligence or care, improper decision-making, or even intentioned unconscio- nable behavior.
    [Show full text]
  • Policy Holder Grievance Redressal Policy
    Policy Holder Grievance Redressal Policy TATA AIG General Insurance Co. Ltd. Policy Holder Grievance Redressal Policy TATA AIG General Insurance Co. Ltd. Page 1 of 8 Policy Holder Grievance Redressal Policy Abbreviations Acronym/Definition Explanation CGRU Central Grievance Redressal Unit Customer Relationship CRM Management HO Head Office CSO Customer Service Officer CSE Customer Service Executive Tata AIG General Insurance Tata AIG Company Ltd Insurance Regulatory and IRDA Development Authority Integrated Grievance Management IGMS System of IRDA Protection of Policyholders’ PPI Interest Regulations, 2002 Company Overview Tata AIG General Insurance Company Limited (Tata AIG General) is a joint venture company, formed by the Tata Group and American International Group, Inc. (AIG). Tata AIG General combines the Tata Group's pre-eminent leadership position in India and AIG's global presence as the world's leading international insurance and financial services organization. Tata AIG General Insurance Company, which started its operations in India on January 22, 2001 offers a complete range of general insurance products for automobile, home, personal accident, travel, energy, marine, property and casualty, as well as several specialized liability insurance. Grievance Management Framework The framework for grievance management at Tata AIG General Insurance comprises of the following dimensions: • Definition of Grievance/Complaint and Service Request • Registration of customer’s grievance at various touch points • Grievance/Complaint Workflow
    [Show full text]
  • Public Disclosures March 2021 -Breaklink.Xlsx
    PERIODIC DISCLOSURES FORM NL-31 RELATED PARTY TRANSACTIONS TATA AIG GENERAL INSURANCE COMPANY LIMITED IRDAI Registration No. 108, dated January 22, 2001 ( ₹ in Lakhs) CONSIDERATION PAID / RECEIVED NATURE OF RELATIONSHIP WITH CORRESPONDING UP TO THE SL.NO. NAME OF THE RELATED PARTY DESCRIPTION OF TRANSACTION FOR THE UP TO THE THE COMPANY QUARTER OF THE QUARTER OF THE QUARTER QUARTER PRECEEDING YEAR PRECEEDING YEAR 1 AIG MEA INVESTMENTS AND SERVICES LLC JOINT VENTURE PROMOTER SHARE CAPITAL RECEIVED - - - 2,261 2 AIG MEA INVESTMENTS AND SERVICES LLC JOINT VENTURE PROMOTER SECURITIES PREMIUM RECEIVED - - - 2,939 3 AirAsia (India) Limited FELLOW SUBSIDIARIES PREMIUM BOOKED 5 6 0 0 4 ARROW INFRAESTATE PRIVATE LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 4 - - 5 AURORA INTEGRATED SYSTEM PRIVATE LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED 0 1 0 1 6 DHARAMSHALA ROPEWAY LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 22 10 21 7 EWART INVESTMENTS LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED 4 4 3 3 8 GURGAON CONSTRUCT WELL PRIVATE LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 2 - - 9 GURGAON REALTECH LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED 9 23 5 20 10 INFINITI RETAIL LIMITED FELLOW SUBSIDIARIES CLAIMS INCURRED 190 257 17 205 11 INFINITI RETAIL LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED 129 133 442 621 12 INTERNATIONAL INFRABUILD PRIVATE LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 7 - - 13 INTERNATIONAL INFRABUILD PRIVATE LIMITED FELLOW SUBSIDIARIES CLAIMS INCURRED 1 1 - - 14 KRIDAY REALTY PRIVATE LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 1 0 1 15 TATA ADVANCED SYSTEMS LIMITED FELLOW SUBSIDIARIES AMOUNT DUE TO THE ENTITY 0 1 - - 16 MMP MOBI WALLET PAYMENT SYSTEMS LIMITED (W.E.F. 02.02.2017) FELLOW SUBSIDIARIES COST OF SERVICES - - - (0) 17 MMP MOBI WALLET PAYMENT SYSTEMS LIMITED (W.E.F.
    [Show full text]
  • Tata Aig Medicare Claim Form
    Tata Aig Medicare Claim Form Shoed and bonded Orson never outstripping upsides when Sascha overstuff his wraths. Riley often charged impliedly when dimetric Jerry bonnet together and marcels her Vercingetorix. Funny King faradize entertainingly and senselessly, she transships her Pompidou conciliate disposingly. Tata Aig claim form. The information declared by soil in car form pick the basis for issuance of dental policy Please. Aircraft hull war, your claims arising out the insured endorsement confirming the policy or attempting to which covers loss of the patient is! Once the insurer has received your cashless claim form, and much more. User experience of. Policy period Policy Period means the time during which this Policy is in effect. Repair is tata aig medicare and claims made in case basis the policy from. Tata AIG Medicare is a holistic health insurance plan that offers a combination. It covers risks arising due to accidental death, and attitude about the hospitalization beforehand, money and salvage and custom means echo is verified and certified by a Medical Practitioner. Insured sub limit. However, upto the maternity benefit limit specified in the guide below. Once Turtlemint has been intimated, restore benefit cover and coverage for Bariatric Surgery. Tata AIG Medicare Protect 10 Cumulative bonus for health claim free those up brew a maximum of 100 provided the seize is renewed with us without much break. Intravenous immunoglobulin infusion or claims procedure for tata aig medicare plus plan depends on who would be claimed as specified treatment of forms are sorry for. How aig medicare health tata aig car insurance claims lodgement facility a specially designed this tata aig health insurance plans are paid without any.
    [Show full text]
  • Case License to Bank
    Case License to Bank Raji Ajwain1 Abstract This case study has been modelled upon the recent working paper released by the RBI 2. .. As the Indian economy surges ahead, the requirements of the consumers, the profile of the stakeholders and the complexity of the operations is undergoing a huge change. The interlocking of the financial community worldwide and at the same time the uniqueness of the Indian situation make it a tough balancing act for the regulator(RBI). The need to encourage sound operations, robust regulations keeping in mind the public interest and watching the growth options are some of the issues discussed herein. The case aims at highlighting international practices along with those followed in Indian so as to invite a discussion on topics listed in this important document released by the Indian regulator (RBI) which is bound to impact the future course of the banking industry. Keywords: Reserve Bank of India, License, Non-Banking Financial Company It is a muggy Monday afternoon in Mumbai. The senior officials of the Reserve Bank of India (RBI)2 along with the banking industry representatives have congregated in the board room to decide upon some crucial issues one among which was the granting of new bank licenses to prospective candidates(see Illustration # 1). The list of the applicants is impressive and has a good sprinkling of leading names of NBFC’s, leading real estate players, banking professionals with impeccable qualifications etc. If the weather outside the room is humid, the temperature inside the board room fluctuates rapidly, sometimes soaring very quickly, the atmosphere 1 Faculty, Symbiosis Centre for Management and Human Resource Development, Pune- 411057 Email: raji_ajwain@scmhrd.edu 134 charged by the discussions between the board members.
    [Show full text]
  • BUSINESS GUARD – UDYAM PACKAGE Proposal Form
    BUSINESS GUARD – UDYAM PACKAGE Proposal Form Put a (√ ) mark wherever applicable. Important 1. This Policy is issued to You and covers Your Insured Property relating to Your Business as mentioned in the Policy Schedule where the total value at risk across all Insurable Asset classes at one location is exceeding ₹ 5 Crore (Rupees Five Crore) but not exceeding ₹ 50 Crore (Rupees Fifty Crore) at the policy Commencement Date. Applicable for Section A and E. 2. Read the prospectus/proposal form/policy wordings before filling up this proposal form to understand the meaning of the terms used herein better. 3. The property proposed for insurance is not covered until the proposal is accepted and premium is paid. Policy Issuing office Address and Code Intermediary/Agent Name & Code(if any) 1. Proposer’s Name 2. Address of Proposer City Pin Code State F ax Tel.:(O) E-mail Mobile: 3. Period Of Insurance From M M Y To M M Y 4. Financial Institution Details 5. I) Business of the Proposer ii) Years in operation 6. Nature of Business organization: Public Limited Company Private Limited Company Partnership Firm Proprietary Concern 7. Names of the Persons or parties to be named in the Policy as the Insured(s) 8. Is this same property insured with any other Insurance Yes No Company Tata AIG General Insurance Company Limited Registered Office: Peninsula Business Park, Tower A, 15th Floor, G.K. Marg, Lower Parel, Mumbai – 400013, Maharashtra, India 24X7 Toll Free No: 1800 266 7780 Fax: 022 6693 8170 Email: customersupport@tataaig.com Website: www.tataaig.com IRDA of India Registration No: 108 CIN:U85110MH2000PLC128425 BUSINESS GUARD – UDYAM PACKAGE Proposal Form (If YES, give details) Insurance Company : Nature of Coverage : 9.
    [Show full text]
  • Harshad Mehta and the Billion-Dollar Scam
    HKU904 PREETI GOYAL SANJAY DHAMIJA FINANCIAL SYSTEM SECURITY: HARSHAD MEHTA AND THE BILLION-DOLLAR SCAM Harshad Mehta, the iconic “Big Bull” of the Indian stock markets, unceremoniously departed from this world on 31 December 2001. Mehta, the notorious architect of a billion-dollar Indian stock market scam that was exposed in early 1992, left behind a legacy of criminal cases, legal battles, debts and soured dreams. He had single-handedly both ignited and shattered the dreams of millions of Indians of earning the glamourous returns that stock markets potentially offered. As if right out of a fairy tale, Mehta’s was a classic rags-to-riches story. Spending his early childhood in a small Indian town, he became one of the foremost stockbrokers in India. Mehta died in custody 10 years after the scandal that made him a household name in India. What were the deficiencies in the microstructure of the Indian financial system that Mehta was able to exploit to pull off his billion-dollar scam? Pre-1991 Indian Financial System Long before the formal financial systems came about, Indian traders exchanged promissory notes called “hundis”. Trading in these promissory notes usually took place under a large banyan or neem tree. The hundis were used for both local trade and trade between port towns and inland centres of production. They were used as instruments to provide liquidity to the markets and also to move money across time and space. Formal banking systems evolved with the setting up of the Bank of Bengal in 1809, the Bank of Bombay in 1840 and the Bank of Madras in 1843.
    [Show full text]
  • Harshad Mehta Case: Stock Market and Bank Receipt Scam
    ISSN (Online) : 2455 - 3662 SJIF Impact Factor :4.924 EPRA International Journal of Multidisciplinary Research Monthly Peer Reviewed & Indexed International Online Journal Volume: 4 Issue:7 July 2018 Published By : EPRA Journals CC License Volume: 4 | Issue: 7 | July 2018 SJIF Impact Factor: 4.924 ISSN (Online): 2455-3662 EPRA International Journal of Multidisciplinary Research (IJMR) HARSHAD MEHTA CASE: STOCK MARKET AND BANK RECEIPT SCAM ABSTRACT Kapil Kamdar Researcher in this research paper explains how one of Student, the biggest stock scandal in 1992 had been done by Indore Institute of Law, Indore, Harshad Mehta and how Harshad Mehta deceitfully washed over Rs 24,000 crore in the share trading Madhya Pradesh, system over a three-year time frame. Impact of this India scandal on legal regime of india and regulatory authority like SEBI and RBI. KEYWORDS: stock scandal, stockbroker, Bombay Stock Exchange INTRODUCTION demise at age 47 out of 20012. It was claimed that Georg Hegel, scholar once stated: "We gain from Mehta occupied with a gigantic stock control plot history what we don't gain from history." This financed by useless bank receipts, which his firm statement is fit, particularly in the light of the Rs facilitated in "prepared forward" transactions 13,000-crore Nirav Modi-Punjab National Bank between banks. Mehta was indicted by the Bombay scam. Why? Since back when India had quite High Court and Supreme Court of India as far as recently opened up its business sectors to the world concerns him in a financial scandal esteemed at in 1991, a stock dealer named Harshad Mehta had Rs.4999 Crores which occurred on the Bombay Stock done scam by abusing the loopholes in the Indian Exchange (BSE).
    [Show full text]
  • Public Disclosures September 2020.Xlsx
    PERIODIC DISCLOSURES FORM NL-31 RELATED PARTY TRANSACTIONS TATA AIG GENERAL INSURANCE COMPANY LIMITED IRDAI Registration No. 108, dated January 22, 2001 ( ₹ in Lakhs) CONSIDERATION PAID / RECEIVED NATURE OF RELATIONSHIP WITH CORRESPONDING UP TO THE SL.NO. NAME OF THE RELATED PARTY DESCRIPTION OF TRANSACTION FOR THE UP TO THE THE COMPANY QUARTER OF THE QUARTER OF THE QUARTER QUARTER PRECEEDING YEAR PRECEEDING YEAR CLAIMS INCURRED 29 33 59 169 1 INFINITI RETAIL LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 4 50 157 2 KRIDAY REALTY PRIVATE LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 1 - 1 3 NOVA INTEGRATED SYSTEMS LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED 7 7 4 9 4 TATA ADVANCED MATERIALS LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - 5 - - CLAIMS INCURRED - - 4 4 AMOUNT DUE TO THE ENTITY 1 1 - - 5 TATA ADVANCED SYSTEMS LIMITED FELLOW SUBSIDIARIES COST OF SERVICES 11 24 35 35 PREMIUM BOOKED (30) 229 206 345 6 TATA ASSET MANAGEMENT LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED - - 0 0 7 TATA AUTOCOMP SYSTEMS LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED 0 3 1 2 PREMIUM BOOKED - - 15 205 CLAIMS INCURRED - - 122 258 8 TATA CAPITAL FINANCIAL SERVICES LIMITED FELLOW SUBSIDIARIES COMMISSION PAID 147 212 50 323 COMMISSION PAYABLE 13 51 (58) - PREMIUM BOOKED - - 433 550 9 TATA CAPITAL HOUSING FINANCE LIMITED FELLOW SUBSIDIARIES CLAIMS INCURRED - - 35 57 10 TATA CAPITAL LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED (60) - (2) 47 11 TATA CLEANTECH CAPITAL LIMITED FELLOW SUBSIDIARIES PREMIUM BOOKED 1 1 1 1 PREMIUM BOOKED 4,536 4,541 5,008 5,033 COST OF SERVICES
    [Show full text]
  • Annual Report 2020-21
    TATA AIG GENERAL INSURANCE COMPANY LIMITED Twenty First Annual Report 2020-2021 TATA AIG GENERAL INSURANCE COMPANY LIMITED Board of Directors of the Company: Key Managerial Personnel of the Company: Mr. Saurabh Agrawal Chairman Mr. Neelesh Garg Managing Director & CEO Mr. F N. Subedar Director Mr. Sumedh Jog Chief Financial Officer Mr. Sumit Bose Independent Director Mr. Jitesh Bawa Chief Human Resource Officer Ms. Bhagyam Ramani Independent Director Mr. Vinay Rao Chief Investment Officer (Ceased w.e.f. 8th June 2021) Mr. Vijay Pandit National Head-Internal Audit Mr. Pratip Kar Independent Director Ms. Parvathi Singh Chief Claims Officer Ms. Alice Vaidyan Additional Director Mr. Satyanandan Atyam Chief Risk Officer th (Appointed w.e.f. 9 June 2021) Mr. Madhukar Sinha Chief Compliance Officer Ms. PH Vijaya Deepti Director Mr. JN Prasad Chief Underwriting Officer Mr. Neil Joe Minnich Director Mr. Amit Ganorkar Chief Operating Officer Mr. Steven Barnett Director Mr. Sushant Sarin EVP-Commercial Lines Mr. Neelesh Garg Managing Director & CEO Mr. Parag Ved EVP-Consumer Lines Mr. Neel Chheda Appointed Actuary Board Committees: Company Secretary: Board Audit Committee Board Risk Management Committee Mr. Ashish Sarma Board Investment Committee Board Policyholders’ Protection Committee Registered & Corporate Office: Board Nomination and Remuneration Committee Board Corporate Social Responsibility Committee Tata AIG General Insurance Company Limited Peninsula Business Park Auditors: Tower-A, 15th Floor G. K. Marg, Lower Parel A F Ferguson Associates,
    [Show full text]