![\"\"](\"\/\/www.iser-br.com\/Themes\/Release\/images\/responsive\/ettelecom-default.jpg\")
MUMBAI: Ratan Tata<\/a> is most likely to step down as chairman of the Tata Trusts<\/a>, which control 66% in Tata Sons<\/a>, the holding company of the $108-billion Tata Group. The Trusts have asked an external consultant to advise them on the selection process, which could be completed by the middle of next year.\n
\nThe next chairman of the Trusts will be an Indian, but not necessarily a Parsi or a member of the Tata family, Tata’s long-time confidant R K Krishna Kumar told TOI on Thursday. The Trusts’ investments in the listed Tata companies alone are worth $41 billion.
\n
\nThe 79-year-old Tata is unlikely to remain a trustee once he hands over the reins to the new chairman. It would bring to an end his decades-long association with India’s largest conglomerate. It would also put to rest charges that he continues to control Tata Sons through his leadership at the Trusts even after leaving Tata Sons and that the next chairman of the holding company would remain in the long shadow of the patriarch.
\n
The move comes even as Tata Sons itself is in the midst of naming a chairman by end-February. When Ratan Tata made way for Cyrus Mistry<\/a> as chairman of Tata Sons in 2012, he stayed on as head of Tata Trusts. It was the first time in the history of the Tatas that the two positions were uncoupled, all previous Tata Sons chairmen had also headed the Trusts. The reason, according to a long-time insider at Bombay House<\/a>, is that Mistry<\/a> isn’t a Tata.
\n
\nTata’s close aide and managing trustee R Venkataramanan told TOI that he too was likely to exit the Trusts “in the event of Ratan Tata demitting office”.
\n
\nRatan Tata’s confidant R Venkataramanan, who has been the target of several attacks by the Mistry camp, is expected to move overseas and manage Tata’s personal investments, notably the $250 million venture capital fund UCRNT, in association with University of California.
\n
\nTata has been an active early-stage investor in several prominent Indian start-ups. A former executive assistant to Tata, 'Venkat' rose to become managing trustee three years ago when the Trusts started expanding the scope of their activities from granting funds to building institutions.
\n
\n“The next chairman has to be someone who has the right vision and be in complete alignment with the will of the Tata Group founders,” said Krishna Kumar, a group veteran and Tata trustee. Tata’s successor at the Trusts could be an external person even though the current trustees are free to suggest potential candidates, he indicated.
\n
\nKrishna Kumar said the chairmen of Tata Trusts and Tata Sons would be different in the immediate future. Since some of the Tata trustees are in their late 70s to 80s, the preference would be for someone in the mid-50s to early 60s so that the person has adequate time to leave an impact. He said there was no surety that it would be a Parsi. If so, Ratan Tata’s successor would be the first non-Parsi chairman in the history of the Tata Trusts. “It is very unlikely that it will be a foreign passport holder. The person needs to be an Indian and understand what is good for India,” Krishna Kumar added.
\n
He indicated that the incoming Trusts chairman would initially work with Ratan Tata, possibly as deputy chairman, before taking over. Although a trustee is appointed for a period of time, there is no term limit and he can therefore serve for life. JRD Tata<\/a> was the chairman of Tata Trusts till his death in 1993 while Ratan Tata took over at Tata Sons in 1991. In that sense, Ratan Tata would differ from some of his predecessors who headed the influential Trusts for life.
\n
\nTata Trusts’ history goes back to Sir Ratan Tata Trust, which was set up in 1919 according to the will of Sir Ratan Tata, the younger son of the group’s founder, Jamsetji Tata. Sir Ratan Tata Trust holds 24% in Tata Sons. After 13 years, Sir Dorabji Tata Trust was set up in 1932. In his book, The Heartbeat of a Trust, R M Lala said Sir Dorabji Tata, the eldest son of Jamsetji Tata, placed his entire possessions, including shares, landed estates and jewellery worth Rs 1 crore in 1932. in a Trust. Sir Dorabji Tata Trust holds 28% in Tata Sons.\n\n<\/body>","next_sibling":[{"msid":56011852,"title":"Nusli Wadia files a lawsuit against Ratan Tata and Tata Sons, seeks Rs 3,000 crore for defamation","entity_type":"ARTICLE","link":"\/news\/nusli-wadia-files-a-case-of-rs-3000-crore-against-ratan-tata-and-tata-sons\/56011852","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":56011876,"entity_type":"ARTICLE","title":"Ratan Tata likely to step down as chairman of Tata Trusts","synopsis":"Ratan Tata is most likely to step down as chairman of the Tata Trusts, which control 66% in Tata Sons, the holding company of the $108-billion Tata Group. \u200b\u200bThe next chairman of the Trusts will be an Indian, but not necessarily a Parsi or a member of the Tata family.","titleseo":"telecomnews\/ratan-tata-likely-to-step-down-as-chairman-of-tata-trusts","status":"ACTIVE","authors":[{"author_name":"Reeba Zachariah","author_link":"\/author\/16825\/reeba-zachariah","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/16825.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":true,"msid":16825,"author_name":"Reeba Zachariah","author_seo_name":"Reeba-Zachariah","designation":"Assistant Editor","agency":false}},{"author_name":"Boby Kurian","author_link":"\/author\/17447\/boby-kurian","author_image":"https:\/\/etimg.etb2bimg.com\/authorthumb\/17447.cms?width=100&height=100&hostid=268","author_additional":{"thumbsize":false,"msid":17447,"author_name":"Boby Kurian","author_seo_name":"Boby-Kurian","designation":"Editor","agency":false}}],"Alttitle":{"minfo":""},"artag":"TNN","artdate":"2016-12-16 08:22:46","lastupd":"2016-12-16 08:25:48","breadcrumbTags":["Ratan Tata to quit Tata Trusts","industry","ratan tata","Tata Sons","Mistry","Cyrus Mistry","Bombay House","JRD Tata","Tata Trusts","Tata Trusts chairman","Ratan Tata to resign"],"secinfo":{"seolocation":"telecomnews\/ratan-tata-likely-to-step-down-as-chairman-of-tata-trusts"}}" data-authors="[" reeba zachariah","boby kurian"]" data-category-name="" data-category_id="" data-date="2016-12-16" data-index="article_1">
Ratan Tata可能辞去主席塔塔信托
Ratan Tata最有可能辞去主席塔塔信托基金,在Tata Sons控制66%,塔塔集团控股公司的1080亿美元。未来信托主席将是一个印度人,但不一定是帕西人或塔塔家族的一员。
孟买:拉丹·塔塔最有可能辞去主席吗塔塔信托控制在66%塔塔的儿子塔塔集团的控股公司1080亿美元。信托公司已经要求外部顾问建议他们选择过程,这可能是在明年年中完成。未来信托主席将是一个印度人,但不一定是帕西人或塔塔家族的一员,塔塔的长期密友R K Krishna Kumar告诉周四钢铁洪流。信托公司的投资价值410亿美元的塔塔公司单独列出。
79岁的塔塔不太可能仍然是一个受托人一旦他手/缰绳的新主席。这将结束他几十年的协会与印度最大的企业集团。也把其他指控,他通过他的领导继续控制塔塔桑信托甚至离开塔塔的儿子后,下一个控股公司主席将留在族长的长长的阴影。
此举是在Tata Sons本身是在命名二月底的主席。当Ratan Tata的方法塞勒斯Mistry2012年主席塔塔的儿子,他在塔塔的信托。历史上这是第一次两个位置是分开的再见,以前所有Tata Sons主席还负责信托。的原因,根据长期的内幕孟买的房子是,Mistry不是塔塔。
塔塔的亲密助手和管理受托人R Venkataramanan告诉本报,他也可能会退出信托“Ratan Tata辞职事件的办公室”。
Ratan Tata的知己R Venkataramanan, Mistry营地几次袭击的目标,预计将海外和管理塔塔的个人投资,尤其是2.5亿美元的风险资本基金UCRNT,与加州大学。
塔塔一直是一个活跃的早期投资者在几个著名的印度企业。塔塔的前行政助理,“引导”上升到成为管理受托人三年前当信托公司开始扩大其活动的范围从授予基金建立机构。
“下一个主席必须有人正确的愿景和是完全符合的塔塔集团的创始人,“Krishna Kumar说,一群老兵,塔塔受托人。塔塔的继任者在信托基金可能是一个外部的人即使当前的受托人可以自由建议潜在的候选人,他表示。
Krishna Kumar说,塔塔集团的主席信托公司和塔塔儿子在不久的将来会有所不同。由于塔塔的受托人在70年代末到80年代,偏好是五十多岁的人60年代早期,使人有足够的时间离开产生影响。他说没有保证,这将是一个印度拜火教徒。如果是这样,Ratan Tata的继任者将是第一个non-Parsi主席塔塔上的信托。“这是不太可能,这将是一个外国护照持有者。印度人需要一个和理解有利于印度,”Krishna Kumar说。
他表示,传入的信托基金主席最初将处理Ratan Tata,可能作为副主席,前结束。尽管受托人任命了一段时间,没有任期限制,因此他可以为生活服务。JRD塔塔是塔塔集团的主席信托直到1993年去世而Ratan Tata塔塔的儿子在1991年接管了这家公司。在这个意义上,Ratan Tata将不同于他的一些前任领导的影响力的信任的生活。
塔塔信托的历史可以追溯到Ratan Tata先生的信任,于1919年成立的将Ratan Tata先生的小儿子集团创始人,Jamsetji塔塔。在塔塔桑先生Ratan Tata信托持有24%。13年后,塔塔先生Dorabji信托成立于1932年。在他的书中,信托的心跳,R M拉拉Dorabji爵士说塔塔的长子Jamsetji塔塔,把他的全部财产,包括股票、地产和珠宝价值1卢比在1932年。在一个信任。在塔塔桑塔塔先生Dorabji信托持有28%。
评论
现在评论 阅读评论(1)所有评论
找到这个评论进攻?
下面选择你的理由并单击submit按钮。这将提醒我们的版主采取行动