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Ratan N Tata

Mr Ratan Naval Tata is the Emeritus Chairman of Tata Sons, Tata Industries, Tata Motors, Tata Steel and Tata Chemicals. He has been the Chairman of Tata Steel, Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Taj Group and Tata Teleservices. During his tenure, the Tata Group’s revenues grew manifold, totalling over $100 billion in 2011-12.

Mr Tata joined the Tata Group in 1962. After serving in various companies, he was appointed Director-in-Charge of the National Radio Electronics Company Limited in 1971. In 1981, he was named Chairman of Tata Industries and was responsible for transforming it into a group strategy think-tank, and a promoter of new ventures in high technology businesses.

Mr Tata currently serves on the board of directors of Alcoa and is on the international advisory boards of Mitsubishi Corporation, JP Morgan Chase, Rolls Royce and the Monetary Authority of Singapore. He is the Chairman of the Sir Ratan Tata Trust and the Sir Dorabji Tata Trust, two of the largest private sector-promoted philanthropic Trusts in India. He is the chairman of the Council of Management of the Tata Institute of Fundamental Research. He also serves on the board of trustees of Cornell University and the University of Southern California.

Mr Tata has received honorary doctorates from several universities in India and abroad. In 2008, the Government of India honoured Mr Tata with its second-highest civilian award, the Padma Vibhushan.

The primary objective of the Audit Committee is to monitor and provide effective supervision of the Management’s financial reporting process, to ensure accurate and timely disclosures, with the highest levels of transparency, integrity and quality of financial reporting. The Committee oversees the work carried out by, the internal auditor, the statutory auditor and the cost auditor and notes the processes and safeguards employed by each of them.

The Board of Directors of the Company adopted the Charter on March 31, 2015, which was subsequently revised on February 4, 2016. The Company Secretary acts as the Secretary of the Committee. The internal auditor reports functionally to the Audit Committee.

The Committee is comprised of:

  1. Mr O P Bhatt, Chairman
  2. Mr Aman Mehta
  3. Mr Saurabh Agrawal

The purpose of the Nomination and Remuneration Committee (NRC) is to oversee the Company’s nomination process for senior management; specifically to identify, screen and review individuals qualified to serve as Executive Directors (EDs), Non-Executive Directors (NEDs) and Independent Directors consistent with criteria approved by the Board. It also recommends, for approval by the Board, nominees for election at the Annual General Meeting of the shareholders.

The Board has adopted an NRC Charter for the functioning of the Committee on May 20, 2015. The Committee also discharges the Board’s responsibilities relating to compensation of the Company’s EDs and senior management. The Committee has also formulated the remuneration policies for directors, KMPs and senior management. The criterion for making payments to NEDs is also available in the Reading Room section.

The Committee has the overall responsibility of approving and evaluating the compensation plans, policies and programmes for the EDs and senior management. The Committee reviews and recommends to the Board matters concerning the base salary incentives, other benefits, compensation or arrangements and executive employment agreements for the EDs for its approval. The Committee further coordinates and oversees the annual self-evaluation of the performance of the Board, Committees and of individual Directors.

The committee is comprised of:

  1. Mrs Mallika Srinivasan - Chairperson
  2. Mr N. Chandrasekaran
  3. Mr O P Bhatt

The purpose of our Corporate Social Responsibility (CSR) Committee is to govern and review the CSR responsibilities of the company from time to time. The CSR Committee recommends the Annual Business Plan for CSR to the Board for its approval. The plan includes resource requirements and allocation across interventions and locations.

The Board has approved a Charter for the functioning of the Committee, on March 31, 2015. The CSR policy is available in the Policies section.

The Committee is comprised of:

  1. Mr Deepak Kapoor - Chairperson
  2. Mr O P Bhatt
  3. Mr D K Mehrotra
  4. Mr Koushik Chatterjee
  5. Mr T V Narendran

We have constituted a Risk Management Committee (RMC) for framing, implementing and monitoring the risk management policy of the Company.

The terms of reference of the Committee are:

  1. Overseeing key risks, including strategic, financial, operational and compliance risks
  2. Assisting the Board in framing, implementing and monitoring the Risk Management Plan for the Company and reviewing and guiding the Risk Policy
  3. Developing risk management policy and risk management system framework for the Company

The Board has adopted a charter for our RMC Committee on May 20, 2015 in accordance with Regulation 21 of the Listing Regulations of SEBI.

The Committee is comprised of:

  1. Mr O P Bhatt, Chairperson
  2. Mr D K Mehrotra
  3. Mr Aman Mehta
  4. Mr Deepak Kapoor
  5. Mr Saurabh Agrawal
  6. Mr Koushik Chatterjee
  7. Mr T V Narendran
  8. Mr Anand Sen
  9. Mr Sandip Biswas
  10. Mr N K Misra
  11. Dr Hans Fischer

The purpose of our Stakeholder Relationship Committee is to consider and resolve the grievances of the shareholders, debenture holders and other security holders of the Company, including complaints relating to non-receipt of annual report, transfer and transmission of securities, non-receipt of dividends/interests and such other grievances.

The Committee is comprised of:

  1. Mr D K Mehrotra, Chairman
  2. Mr Saurabh Agrawal
  3. Mr Koushik Chatterjee