“As for the first time in India's financial history
I had succeeded in raising for industrial purposes
such a vast sum from the hidden wealth of India
for the development of our mineral resources. It
was the first time that the raw materials of India
did not go out and return as finished articles to
be sold in the country. Above all, it was purely
Swadeshi enterprise financed by Swadeshi money
and managed by Swadeshi brains.” |
| - Sir Dorab Tata describing the first share issue in 1907 |
8000 people helped raise a capital of nearly Rs. 232 lakhs
within three weeks. History was made then with rich
and poor Indians investing in the dream of a visionary.
The Tata Iron and Steel Company took root in the trust
and confidence invested in it. Today, a hundred years
later, this investment and the shareholder universe
have increased manifold.
Today, over five lakh shareholders all over the world
have reposed their faith in the company and benefit
from sustained and fair returns on their investments. The
company has recorded consistent dividend payouts
since 1935-36 while its performance in the share
markets has been stable and profitable throughout its
existence. Tata Steel has channelised all resources and
efforts through value based management towards
earning better returns on its cost of capital.
Tata Steel, in its ongoing commitment to increase
shareholder value, has taken several measures to
address the information and interactive needs of
its shareholders and the financial community. In
its quest for enhancing transparency and opening
new channels of communication, the company
has launched an investor relations sub-site at
www.tatasteel.com/investorrelations.
Tata Steel has enriched the progress and prosperity
of the community and has built wealth for the nation
over the century of its existence.
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