Indian business companies and houses are currently enjoying great success in the global markets. Ever since the reforms of 1991 many new organizations emerged and the older organizations got a second wind to expand into the global market. Let us study a bit more about the two most prestigious Indian organizations – Tata Sons Ltd and WIPRO Ltd.
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Tata Sons Ltd
The name Tata in India is synonymous with trust and respect. One of India’s oldest and most prestigious group of companies it was founded by the famous Jamshedji Tata in 1868.
Tata Sons are the primary holding company of all the companies of the Tata Group. It has the majority shareholding in almost all of its companies.
The shareholding pattern of Tata Sons Ltd is a very unique feature of this company. Majority of the shares, almost 66% of them are owned by two trusts, i.e. Dorabji Tata Trust and the Ratan Tata Trust.
Under this group, there are 29 companies that are publicly listed any many others. The total revenue of all companies of Tata Sons is around 677,556 crores in 2015-16. And it employs nearly 660,000 people in the world.
Philosophy
Tatas have always been a very value-driven organization. And these values have guided them to great success over the years. There are five core values that define Tata Sons Ltd – excellence, integrity, pioneering, responsibility and lastly unity.
Their motto is “Leadership with Trust”. They believe in the long-term value creation of all their global stakeholders.
Portfolio
Companies operating under Tata Sons are as follows,
- TCS
- Tata Steel
- Tata Motors
- Titan
- Tata Power
- Tata Hotels and Resorts
- Vistara airlines and many more
- Tata Chemicals
- Tata Teleservices
Wipro Limited
Wipro Ltd is one of India’s leading IT companies. It is mainly a software and IT services company but has also recently explored the hardware sector of the industry. It was founded by Mohamed Premji in 1945 as Western India Palm Refined Oil Ltd, a manufacturer of vegetable oil.
Then in 1980 Wipro broke into the IT sector and renamed itself to Wipro Ltd. Currently, Aziz Premji (son of the founder) is heading it.
Wipro has a global reach in the IT market and targets a global audience with their services. It employs nearly 175,000 people across the globe and has a revenue of 7.7 billion USD as of 2016.
Philosophy
The Vision of Wipro is very straightforward. It wishes to one of the top ten IT and BPO companies in the world. The mission is to innovate professional services that deliver measurable solutions to their clients with the innovation and dedication of their IT executives.
Portfolio
The major services currently offered by Wipro Ltd are as follows,
- Information Management
- Information analysis
- BPO and KPO services
- Cloud hosting services
- Mobility solutions
- Product engineering services
Wipro Group of companies have some their proficient companies such as
- Wipro Lightning and Customer Care
- Western India Products Ltd
- Wipro GE (Medical) services
- Wipro Infra Engineering
Solved Question for You
Q: _______ passed a resolution to become a private company in 2017.
- Wipro Ltd
- Infosys
- Tata Sons
- None of the above
Ans: The correct answer is option C. Tata Sons Ltd (having very limited shareholders) has passed a resolution to become a private company in 2017. As of now, the matter remains pending in the National Company Law Tribune.
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