Tata - India’s Best Known Global Brand

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As Ratan Tata steps down and Cyrus Mistry steps in at Bombay House Friday, top CEOs of the world have said the $100-billion Tata Group is India’s best-known global brand within and outside the country.

“Ratan Tata occupies the well-deserved iconic status who has taken the group from largely an Indian family-owned business house into a professionally managed global conglomerate,” a survey by Assocham said.

About 77 percent of those who participated in the survey said they are confident Mistry will be able to steer the group well, it said.

Assocham said it has surveyed about 78 top CEOs and heads of both domestic and foreign companies in the first fortnight of December.

The survey, it said, was conducted not only in Delhi, Mumbai, Kolkata and Hyderabad, but also in London, New York and Singapore.

However, the respondents said the biggest challenge for Mistry would be to ensure that the Tata companies are able to sail through the global slowdown, since the group operates in some 80 countries, several of which are in the grip of difficult times.

The group has interests in steel, automobile, chemicals, telecommunication, information technology, beverages and hospitality, among other areas.

“The Tata story which began in 1868 by Jamsetji N Tata has been the most successful among India Inc. The role played by Ratan Tata and J R D Tata in making the group truly global has been deservedly recognized all over the world,” Assocham President Rajkumar N Dhoot said.

Infosys Technologies, Wipro, Mahindra & Mahindra and Aditya Birla Group were the other major Indian corporate houses listed to have made their mark on the global business landscape, the survey said.

However, it said the brand Tata stood out among all the top Indian corporates and perceived as the truly international brand.

It said while the change of guard at the Bombay House, the headquarters of the Tatas later this month, is on the corporate calendar and the event would go down as a landmark occasion among the most watched for several years.

Ratan Tata, after being at the helms of affairs for 21 years at Tata Sons, the holding company of the group, will be retiring on 28 December.

Credit: FirstPost.com

Major Global Acquisitions By Tata under Ratan Tata's Leadership

  1. 2000: Tata Tea acquires UK’s Tetley Group for $450 million.
  2. 2001: TCS acquires the Indian government’s 51 per cent stake in CMC Ltd for Rs. 152 crore.
  3. 2002: Tata Sons acquires a 25 per cent stake in VSNL from the government for Rs. 1,439 crore. Tata goes on to increase its stake in the company and renames the company Tata Communications Ltd.
  4. 2004: Tata Motors acquires the heavy vehicles unit of Daewoo Motors in South Korea for $102 million.
  5. 2005: Tata Steel buys out Singapore’s largest steel company NatSteel—with operations in Singapore, Thailand, China, Malaysia, Vietnam, the Philippines and Australia—for around $365 million.
  6. 2005: Tata Communications acquires US-based Tyco Global Network, making it one of the world’s largest providers of submarine cable bandwidth, for $130 million.
  7. 2005: Indian Hotels takes over the management of The Pierre Hotel in New York under a 30-year contract worth $5 million.
  8. 2005: Indian Hotels acquires a Starwood-managed hotel in Sydney from the Hong King-based Harilela Group for $36 million.
  9. 2005: Trent acquires a 76 per cent stake in the Landmark chain of bookstores for Rs. 103.6 crore.
  10. 2006: Taj buys the Ritz-Carlton hotel in Boston for $170 million.
  11. 2006: Tata Chemicals acquires UK-based Brunners Mond Group for around Rs. 508 crore.
  12. 2007: Tata Steel acquires Anglo-Dutch steelmaker Corus for $11.3 billion.
  13. 2007: Taj group acquires Campton Hotel in San Francisco for $58 million.
  14. 2008: Tata Motors acquires Jaguar and Land Rover from Ford for $2.3 billion.
  15. 2008: Tata Chemicals acquires US-based General Chemical Industrial Products for $1 billion.
  16. 2009: TRF Ltd acquires a 51 per cent stake in Dutch Lanka Trailer Manufacturers Ltd for $8.67 million. The company exercised its call option in 2012 to acquire the remaining stake in the company for an additional $8.33 million.
  17. 2010: TRF acquires UK-based Hewitt Robins International for 3 million pounds.
  18. 2011: Tata Chemicals buys UK-based British Salt for Rs. 650 crore.

Credit: NDTV.com

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