Mumbai:
The Tata group, which is acquiring businesses around the
world, is also introducing the world to the Tata way of
doing business. The group is taking the Tata trusts and
all its community programmes overseas as part of its international
corporate social responsibility.
"The
best thing the group has is the Tata name and ethics,"
Tata Sons executive director Alan Rosling said.
He
said the Tata brand will be taken global by opening group
offices in select geographies like South Africa, the US,
UK and China.
The
group will extend both its brand and philosophy through
communication with businesses, government leaders, use
of media, sponsorships and tie-ups with universities and
institutions.
Tata
trusts control 65.8 per cent of Tata Sons, the group holding
company.
The
funds that accrue to the trusts support an assortment
of causes, institutions and individuals in a variety of
ways.
Tatas,
with their way of running business under the trusteeship
principle, have created a niche in a capitalist world.
The
activities of the Tata group are controlled by two principal
trusts the Sir Dorabji Tata Trust & Allied
Trusts, and the Sir Ratan Tata Trust.
The
Sir Dorabju Tata Trust comprises the Tata Social Welfare
Trust, the RD Tata Trust, the Tata Education Trust, the
JRD Tata Trust, the JRD Tata & Thelma Tata Trust,
the Jamsetji Tata Trust, the JN Tata Endowment, the Lady
Meherbai Tata Memorial Trust and the Lady Meherbai Tata
Education Trust.
With
the acquisition of Corus Steel, the Tata group will earn
more than half of its revenue from overseas from this
year, while non-Indian employees of the Tata Group have
gone up to almost a third, Rosling said.
Talking
to members of the British business group in Pune on ''The
Creation of Indian MNCs'', Rosling said internalisation
at the Tata group was driven by operating companies and
was geographically neutral.
The
Tata way of doing it was being local, internationally
Britons running Tata Tetley or Koreans running
Tata Daewoo.
"There
are more world-class companies in India than in China,
Brazil or Russia and the fundamental reasons for this
is compelling," Rosling said, adding, in the next
20 years there would be Fortune 50 companies based in
India.
The
top 30 companies in India have had a return on investment
of about 25 per cent, while in
China it was about 15 per cent.
There
were 177 cross-border deals worth about $20 billion and
India had more deals that Brazil, China and Russia combined,
he pointed out.
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