In Focus
Annual Financial Performance
Award for Mr Ratan Tata |
|
Tata Incorporated celebrates is
Diamond Jubilee
The Group marks 60 years of its
presence overseas
“I was poring over
some accounts in the office when the door opened and a stranger in a strange garb entered.
He walked in, leaned over my desk and looked at me for a full minute in silence. Finally,
he said in a deep voice, “Are you Charles Page Perin?” I said,
“Yes...”
“Will you come to
India with me?” I was dumbfounded, naturally. But don’t know what character and
force radiated from Tata’s face, and kindliness, too. “Well,” I said,
“Yes, I’ll go.” And I did.” This snatch from Charles Page Perin’s
diary records the earliest contact that the Tata Group had with the United States and
North America. Inspired by the development of the United States, this nationalist
travelled to the country frequently to garner ideas and find the expertise for his
projects.
Tata Incorporated
established its office in 1945, and was at the forefront of establishing a presence for
Indian industry overseas. Sixty years later, it serves as the representative office of the
Tata Group in the United States, Canada and South America. Many of the Group’s 90
companies including Tata Tea/Tetley, Tata Consultancy Services, Indian Hotels and its
telecommunications unit VSNL, has made the United States its marketplace.
Tata Incorporated
specialises in all aspects of global trading, including managing logistics, information
and financial flows related to the lines of business within the Group. |
FY 2005 posts superlative results
Tata Steel’s
Financial Results for the year ended March 31, 2005 are indicative of a strong surge in
growth for the Company. Buoyed by a steady growth of 5-6% in steel consumption in India
over the last decade, the Company registered a growth of 99% in profit after tax and a 33%
increase in turnover, respectively. Exports revenues also grew by 37% to reach Rs 2043
crores in 2004-05.
The performance of the
Company has indeed been exceptional since the Company’s key Blast Furnace, the
‘G’ Blast Furnace, was shutdown for upgradation and expansion. The production
performance of the Company for the corresponding period for saleable steel was 4.11 mtpa
as against 4.09 in 2003-04.
| Award for Chairman |
B'NAI B'RITH
INTERNATIONAL |
|
B’nai B’rith
International of the United States, one of the world’s oldest and largest human
rights and community action humanitarian organisation conferred its International
Distinguished Achievement Award Honoree on the Chairman, Mr. Ratan Tata, a man who, the
organisation described, “exemplifying our values of global service, dedicated
leadership and outstanding philanthropic commitment.”
Founded in 1843 by 12
German-Jewish immigrants on New York’s Lower East Side, the organisation has been
dedicated to the higher interests of humanity. The organisation has presented the
International Distinguished Achievement Award for more than four decades in recognition of
the accomplishments of key community leaders around the world. In 2004, actor and activist
Harrison Ford received the award. Mr Tata received the award on May 23, at New York City
from Mr Joel S Kaplan at a function held in his honour.
|
