Edition:
United Kingdom

Tata Steel Ltd (TISC.BO)

TISC.BO on Bombay Stock Exchange

574.10INR
16 Nov 2018
Change (% chg)

Rs-14.55 (-2.47%)
Prev Close
Rs588.65
Open
Rs589.80
Day's High
Rs590.75
Day's Low
Rs570.10
Volume
511,987
Avg. Vol
670,815
52-wk High
Rs755.12
52-wk Low
Rs493.50

Summary

Name Age Since Current Position

Natarajan Chandrasekaran

55 2017 Non-Executive Chairman of the Board

Ratan Tata

80 2017 Chairman Emeritus

Thachat Narendran

53 2017 Chief Executive Officer, Managing Director, Executive Director

Koushik Chatterjee

49 2017 Chief Financial Officer, Executive Director

Parvatheesam Kanchinadham

2017 Compliance Officer, Company Secretary

Saurabh Agrawal

48 2017 Additional Non-Executive Director

Vijay Sharma

59 2018 Additional Non-Executive Director

Om Bhatt

67 2017 Non-Executive Independent Director

Peter Blauwhoff

63 2017 Non-Executive Independent Director

Deepak Kapoor

58 2017 Additional Non-Executive Independent Director

Aman Mehta

71 2017 Additional Non-Executive Independent Director

Mallika Srinivasan

58 2012 Non-Executive Independent Director

Sandep Agrawal

2018 Head - Group Investor Relation

Biographies

Name Description

Natarajan Chandrasekaran

Mr. Natarajan Chandrasekaran is Non-Executive Chairman of the Board of the Company. Mr. Natarajan Chandrasekaran (54) was appointed as a Member of the Board effective January 13, 2017 and as Chairman of the Board effective February 7, 2017. Mr. Chandrasekaran is the Executive Chairman of Tata Sons Limited and the former Chief Executive Officer and Managing Director of Tata Consultancy Services (‘TCS’), a leading global IT solution and consulting firm, a position he had held since 2009. Mr. Chandrasekaran holds a Bachelor’s degree in Applied Science. He also holds a Master’s degree in Computer Applications from Regional Engineering College, Trichy, Tamil Nadu, India. He was also appointed as a director on the board of India’s Central Bank, the Reserve Bank of India in 2016. He has served as the chairperson of IT Industry Governors at the World Economic Forum, Davos, in 2015-16. He has been playing an active role in the Indo-US and India-UK CEO Forums. He is also part of India’s business taskforces for Australia, Brazil, Canada, China, Japan and Malaysia. He served as the chairman of Nasscom, the apex trade body for IT services firms in India in 2012-13 and continues to be a member of its governing executive council. Mr. Chandrasekaran has received several awards and recognition in the business community. He was honoured with the ’Business Leader Award’ at the ET Awards for Corporate Excellence 2016. He was also awarded Qimpro Platinum Standard Award 2015 (business) and Business Today’s Best CEO 2015 (IT and ITEs). He was voted the ‘Best CEO’ for the fifth consecutive year by the Institutional Investor’s 2015 Annual All-Asia Executive Team rankings. During 2014, he was voted as one of CNBC TV 18 Indian Business Icons. He was also awarded CNN-IBN Indian of the Year 2014 in the business category. Mr. Chandrasekaran was presented with the ’Best CEO for 2014’ award by Business Today for the second consecutive year.

Ratan Tata

Mr. Ratan Naval Tata is an Chairman Emeritus of Tata Steel Limited. He had joined the Company as a Director in 1977 and was appointed Chairman of the Board in April 1993. He is currently Chairman of Tata Sons Limited, the Promoter of Tata Steel Limited. He is also the Chairman of other Tata companies including Tata Motors Limited, Tata Power Limited and Tata Chemicals Limited. It is under his leadership that the Company has scaled new heights and established a presence as one of the steel conglomerates in the world. Mr. Ratan Tata received a Bachelor’s degree in Science field in architecture, with specialisation in structural engineering, from Cornell University in 1962. He completed the Advanced Management Programme at Harvard Business School in 1975. Mr. Ratan Tata is on the Board of a number of companies, as also Government bodies and non-profit organisations, in India and overseas. The Government of India honoured Mr. Ratan Tata with its second highest civilian award, the Padma Vibhushan, in 2008. He has also been conferred honorary degrees by several prestigious Indian and international universities.

Thachat Narendran

Mr. Thachat Viswanath Narendran is Chief Executive Officer, Managing Director, Executive Director of the Company. He was Managing Director - India and South East Asia, Executive Director of Tata Steel Limited. Mr. Narendran worked in the International Trading Division of Tata Steel from 1988 to 1997 wherein he spent five years in Dubai looking after Tata Steels' exports to the Middle East. From 1997 to 2001 he spent time in Tata Steels' marketing and sales division and was involved in market development work for the Cold Rolling Mill Project, Supply Chain Management, Sales Planning etc. From 2001 to 2003 he was the Chief of Marketing & Sales (Long Products) and played a key role in building the 'Tata Tiscon' brand and the distribution network for the same. From 2003 to 2005 he worked with Mr. Muthuraman, the then Managing Director of Tata Steel as his Principal Executive Officer. He was actively involved in the Tata Steel's first overseas acquisition, NatSteel and was seconded there as an Executive Vice President in 2005. He ran operations in NatSteel thereafter as the Deputy President (Operations) and took over as the President & CEO on 1st January 2008. He played a key role in the integration of NatSteel and Tata Steel.

Koushik Chatterjee

Mr. Koushik Chatterjee is re-designated as Chief Financial Officer, Executive Director of the Company. Mr. Chatterjee joined the Company in 1995 in Jamshedpur. He was transferred to Tata Sons Limited in 1999 in the Group Executive Office. He became General Manager - Corporate Finance, Tata Sons Limited in 2002. Mr. Chatterjee re-joined the Company on August 1, 2003 and was appointed the Vice President (Finance) effective August 1, 2004. He was appointed as the Group CFO in 2008 and appointed to the Board in 2012 as Executive Director. During the last 14 years in the Company, he has led the Company’s finance function and provided financial stewardship in the areas of financial strategy, large and complex financing in India and overseas, mergers and acquisitions, risk management, controlling, investor relations and taxation. He has also been deeply involved in portfolio restructuring and turnaround situations, public policy on financial governance and pension restructuring in the UK. During his tenure, Mr. Chatterjee led the overseas acquisitions of the Company in South-East Asia and Europe.

Parvatheesam Kanchinadham

Saurabh Agrawal

Mr. Saurabh Agrawal is Additional Non-Executive Director of the Company. Mr. Agrawal joined Tata Sons Limited in June 2017 as Group Chief Financial Officer and was appointed as the Executive Director of Tata Sons in November 2017. Prior to joining the Tata Group, he was the Head of Strategy at the Aditya Birla Group. In a career spanning over two decades Mr. Agrawal has also been the Head of Corporate Finance Business of Standard Chartered Bank in South Asia and the Head of Investment Banking for India in Bank of America Merrill Lynch. Mr. Agrawal holds a graduate degree in chemical engineering, with honours, from the Indian Institute of Technology, Roorkee and holds a Post-Graduate Diploma in Management from Indian Institute of Management, Calcutta.

Vijay Sharma

Mr. Vijay Kumar Sharma is Additional Non-Executive Director of the Company. Shri Vijay Kumar Sharma took charge as Chairman, Life Insurance Corporation of India on 16th December, 2016. Prior to his taking over as Chairman, he served as Chairman (In charge) from 16th September, 2016 and Managing Director, Life Insurance Corporation of India from 1st November, 2013. From December 2010 to November 2013, he has been Managing Director & Chief Executive Officer, LIC Housing Finance Limited (LICHFL), a premiere housing finance company in the country. He is a post-graduate (M.Sc.) in Botany from Patna University. Shri Sharma joined LIC as Direct Recruit Officer in 1981 and has grown with the Corporation since then. He has held various challenging assignments pan India and in all operational streams including in-charge positions at different levels. Working across length and breadth of the country has added immensely to his experience and honed his understanding of demographics of the country, socio-economic needs of different regions and multi-cultural challenges in implementation of Corporate objectives. As MD & CEO of LIC HFL, he stabilized the operations of the company under most challenging circumstances of negative media glare, intense scrutiny by Regulator & others and turned it around to be the best Housing Finance Company in 2011. He has been an inspirational leader who utilizes negotiation skills gained over thirty-six years of extensive experience in insurance and financial sectors and strongly connects to the grass root levels, believes in bottom-up approach and has the ability to see the Big Picture and translate it to reality. He is known as Growth Leader, leading the Organization to surge ahead and turnaround on its growth path in all the segments of performance. Currently he is on Board of ACC Limited, ICICI Bank Limited, LIC Pension Fund Limited, LIC Mutual Fund Asset Management Ltd, LIC Housing Finance Co. Ltd,

Om Bhatt

Mr. Om Prakash Bhatt is a Non-Executive Independent Director of Tata Steel Limited. Mr. O. P. Bhatt was the former Chairman of State Bank of India, which is India's commercial bank. Mr. Om Prakash Bhatt is now on the Boards of reputed Indian and foreign companies.

Peter Blauwhoff

Dr. Peter (Petrus) Blauwhoff is a Non-Executive Independent Director of the Company. Dr. Blauwhoff also serves as the Chairman of the Board of the Netherlands Standardization Institute (NEN), and as a Member of the Supervisory Board of Royal HaskoningDHV since June 2015. Between 2008 and 2015, Dr. Blauwhoff held the position as the Chief Executive Officer of Deutsche Shell Holding GmbH, Hamburg, Germany. He served, among others, as Chairman of the German National Oil Industry Association and as a Vice-Chairman of the German Forum for Future Energies. Dr. Blauwhoff holds a Doctorate in Technical Sciences and a graduate degree in Chemical Engineering, with honours (cum laude) from University of Twente, Netherlands. Dr. Blauwhoff is a successful international leader with over 30 years of experience in the energy industry, in particular the downstream oil and gas business. He has wide range of experience in refining, supply, marketing and end-to-end value creation in challenging downstream organisations. Dr. Blauwhoff comes with strong track record in senior political and customer stakeholder and organisational change management. Dr. Blauwhoff brings with him extensive experience in stewarding successful transformational changes within established, respected multinational company(ies), deep knowledge of the global manufacturing industry in general and of the energy, oil and gas business in particular and knowledge of European region. With the above exceptionally distinguished record of accomplishments, Dr. Blauwhoff is well poised to add significant value and strength to the Board.

Deepak Kapoor

Mr. Deepak Kapoor is Additional Non-Executive Independent Director of the Company. Mr. Deepak Kapoor is the former Chairman of PwC India. Mr. Kapoor has been associated with PwC India for over 30 years. He was named Partner in 1991 and was the Managing Director between 2007 and 2016. As member of PwC’s India Leadership Team, Mr. Kapoor served in various leadership and client service roles. Mr. Deepak Kapoor is a meritorious Commerce Graduate from Delhi University (third rank holder). He is a Fellow Member of The Institute of Chartered Accountants of India, Fellow Member of The Institute of Company Secretaries of India and a Member of the Institute of Certified Fraud Examiners, USA. Particulars of experience, attributes or skills that qualify candidate for Board membership Mr. Deepak Kapoor has led deals for more than eight years and has practiced in the areas of Telecom, Entertainment and Media for over ten years. Mr. Kapoor successfully steered the PwC India during very challenging times and has strengthened the firm’s footprint in India. Mr. Kapoor has extensive experience in the audit function as well as business advisory related work. His experience, in India and overseas, encompasses multiple industries including consumer products, manufacturing, telecom, technology, healthcare, entertainment and media. Mr. Kapoor’s senior executive level experience in business and management provides him with an insightful perspective on strategic planning, risk oversight and operational matters that is valuable to the Board. Board Meeting Attendance and Remuneration Mr. Deepak Kapoor was appointed effective April 1, 2017 and hence the above details are not applicable to him for the year ended March 31, 2017.

Aman Mehta

Mr. Aman Mehta is an Additional Non-Executive Independent Director of the company effective March 29, 2017. Mr. Mehta has over 39 years of experience in various positions with the HSBC Group from where he retired in January 2004 as CEO Asia Pacific. Formerly, he has been a Member of the Supervisory Board of ING Group NV and a Director of Raffles Holdings, Singapore. He is also a Member of the Governing Board of the Indian School of Business, Hyderabad and a Member of the International Advisory Board of Prudential of America. Mr. Mehta holds a Graduate Degree in Economics from Delhi University. Mr. Mehta has extensive experience in the field of Banking/ Finance and has a proven track record of successfully managing large multinational enterprises. Mr. Mehta occupies himself primarily with Corporate Governance, Board and Advisory Roles in a range of global manufacturing and technology companies such as Tata Consultancy Services Limited. His prior experience enables him to provide the Board with valuable insights on a broad range of business, social and governance issues that are relevant to large corporations.

Mallika Srinivasan

Ms. Mallika Srinivasan is Non-Executive Independent Director of Tata Steel Limited. She is the Chairman and Chief Executive Officer of Tractors and Farm Equipment Limited and TAFE Motors and Tractors Limited. A thorough leader and strategist, recognised for her commitment to excellence and contribution to Indian Industry, she has been at the helm of affairs of industry bodies and trade associations. She is also a Director on the Board of Tata Global Beverages Limited. Ms. Srinivasan is the recipient of several business leadership awards and has an avid interest in academia, particularly management education.

Sandep Agrawal

Basic Compensation

Name Fiscal Year Total

Natarajan Chandrasekaran

480,000

Ratan Tata

25,320,000

Thachat Narendran

94,294,000

Koushik Chatterjee

91,380,000

Parvatheesam Kanchinadham

12,535,000

Saurabh Agrawal

370,000

Vijay Sharma

--

Om Bhatt

18,000,000

Peter Blauwhoff

7,940,000

Deepak Kapoor

7,560,000

Aman Mehta

8,440,000

Mallika Srinivasan

11,940,000

Sandep Agrawal

--
As Of  31 Mar 2018