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Tata

May 6, 2012

After more than 20 years at the helm of the Tata Group, Ratan Tata will not be chairman of the family business from December this year. But that’s not to say he wouldn’t have enough accolades to last him a lifetime – the latest being from the Japanese government.

After more than 20 years at the helm of the Tata Group, Ratan Tata will not be chairman of the family business from December this year. But that’s not to say he wouldn’t have enough accolades to last him a lifetime – the latest being from the Japanese government.

The 74-year-old will be given the Grand Cordon of the Order of the Rising Sun, thanks to his role in “strengthening and developing the economic relation between Japan and India”, a statement by the Japanese Embassy said.

September 29, 2011

The family behind India’s Aditya Birla Group plans to invest $17 billion globally, as it looks to double its revenues over the next four years.

The family behind India’s Aditya Birla Group plans to invest $17 billion globally, as it looks to double its revenues over the next four years.

Kumar Mangalam Birla, chairman of the family business whose operations include metals, retail and producing insulators, is looking to achieve $65 billion (€47.7 billion) in sales by 2015, up from its current $35 billion, said a company spokeswoman.

August 22, 2011

The third-generation heir-apparent of India’s Piramal family is set to join the family business, in a move which could help the family to strengthen its succession plans.

The third-generation heir-apparent of India’s Piramal family is set to join the family business, in a move which could help the family to strengthen its succession plans.

Anand Piramal, son of the Piramal Group’s chairman Ajay, is expected to join the group’s real estate arm, according to a report in the Times of India, although it did not reveal when the appointment would happen.

June 23, 2011

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups. 

India’s family-controlled Tata Group has become the country’s wealthiest company. The group, headed by Ratan Tata, said that its total market value is $98.7 billion, overtaking the combined value of fellow family-controlled Reliance groups, worth a reported $81.6 billion.

The buoyant growth for the Tata Group comes following a rise in share price of its listed companies, while a string of controversies caused a slump in value of Reliance, controlled by the feuding Ambani brothers.

May 19, 2011

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

India’s Tata Group is making progress in its hunt for a successor to chairman Ratan Tata, according to a report in Indian newspaper Business Standard.

The report said that the five-member panel appointed to find a suitable successor has shortlisted 11 candidates, of which four to five are employees within the group. When contacted, Tata Group refused to confirm this information.

In a statement issued by the family-controlled conglomerate on 18 May, the group said that the panel was engaged in its task to find a replacement.

August 5, 2010

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata, speculation is rife over who will replace him.

With the announcement that the board of Tata Sons, the holding company of India-based Tata Group, has formed a selection committee to choose a successor to chairman Ratan Tata (pictured), speculation is rife over who will replace him.
 
A statement from Tata Group said: "The committee is in the process of formulating criteria for identifying the most suitable candidate, taking into account the global nature and complexity of the Tata group's business at the present time."
 

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