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Tag: Tata Sons

  • The Tata Mumbai Marathon is scheduled for January 21, 2018

    Mumbai Marathon gets a new benefactor: It’s the Tatas now

    By A Correspondent

     

    For 14 years, we knew it as the Standard Chartered Mumbai Marathon. In fact unlike other title sponsor events like IPL where not many refer to it as the Vivo IPL or in the past as the Pepsi IPL or DLF IPL, in the case the Standard Chartered brand name was an integral part of the event.

     

    All that is history with Stanchart exiting the association and the Tata group which has been a benefactor of many international marathons as the title sponsor. From 2018, the country’s most prestigious long distance race will be called the ‘Tata Mumbai Marathon’. The 15th edition of the run will be held on January 21, 2018.

     

    The Tata Mumbai Marathon will be jointly sponsored by the Tata group and its IT-led consultancy arm Tata Consultancy Services. The period of sponsorship is ten years.

     

    Speaking on the occasion of the announcement, N. Chandrasekaran, Chairman, Tata Sons, said: “We are delighted to become the title sponsor of the Tata Mumbai Marathon from 2018. Events like the marathon promote values like grit, tenacity, excellence, perseverance, belief, commitment, and passion that have been a key part of the Tata group’s ethos since its inception, almost 150 years ago. As a marathoner, I’m personally proud to support this partnership.

     

    Added Rajesh Gopinathan, CEO & MD, TCS, said: “At TCS, we believe that a healthy and fit workforce is a pre-requisite for sustained business success. Through our support of marathons globally as well as internal programs like Fit4Life, a strong message about health and fitness is now part of the culture of the company. Over the years, TCS has partnered with many marathons around the world. It gives us immense pleasure to continue to be associated with the Mumbai Marathon, which is one of the largest in the country. This time it is even more special, since it is the Tata Mumbai Marathon.”

     

    Said Vivek Singh, Joint MD, Procam International which manages and owns the Mumbai Marathon: “It is a pleasure to welcome aboard the Tatas as title sponsors, as we celebrate a landmark 15th edition of the Mumbai Marathon. With a 10-year commitment to the event, the Tatas have shown us yet again their commitment to give back to the society through sport. We are honoured with their visionary approach and, as partners, we look forward to building a marathon legacy by providing participants across the world an extraordinary experience.”

     

  • The new designation became effective from April 1, 2012

    Cyrus Mistry redesignated Tata Sons MD

    By Satish John

     

    In a quiet move, the board of Tata Sons has re-designated Cyrus Pallonji Mistry as the managing director of Tata Sons. The new designation became effective from April 1, 2012.

     

    On November 23, 2011, Tata Sons named Mr Mistry the successor to Ratan Tata, the current non-executive chairman of Tata Sons. Tata will retire by the end of 2012, when he becomes 75 on December 28.

     

    Mr Mistry is currently learning the ropes directly under Ratan Tata, shadowing the chairman as he prepares Mr Mistry to take on the mantle for bigger responsibilities within the Tata group.

     

    Mr Mistry’s induction is closely tracked within and outside Bombay House, the Tata headquarters. In recent times, he has met chief ministers of states such as Jharkhand and Gujarat, Union ministers and also been introduced to senior business captains of industry associations.

     

    Interestingly, when Ratan Tata took over from JRD Tata, he was appointed the executive chairman. Following the group’s policy, Mr Tata shed the executive role when he attained 65 years of age, but retained the post of non-executive chairman of Tata Sons and flagship group companies.

     

    In recent years, the Tata Sons board has seen senior board members shed their executive roles, even as they retained their role as a non-executive board member. The senior members include R Gopalakrishnan, Arun Gandhi and R Krishna Kumar.

     

    Legal circles say it is logical to appoint Mr Mistry as the managing director of Tata Sons. As a deputy chairman, Mr Mistry wouldn’t have the direct management role in managing the day-to-day affairs of the company. “Appointing him as the managing director gives him the legal authority and responsibility,” to manage the day-to-day affairs of the holding firm.

     

    Source: The Economic Times
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