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Journal for Studies in Management and Planning
Available at http://edupediapublications.org/journals/index.php/JSMaP/
e-ISSN: 2395-0463
Volume 01 Issue 11
December 2015
Available online: http://edupediapublications.org/journals/index.php/JSMaP/ P a g e | 628
Overseas Mergers and Acquisitions by Tata Group
*Mr.Anurag Garg
**Assistant Professor, Department of Management, GJGI, 140417
Email-garg.anurag12@yahoo.com
ABSTRACT:
This paper will highlight some of the
overseas mergers and acquisition done by
Tata Group in the period of 1990-2010.
There was a trend when our companies were
known for getting snapped by foreign
companies but now the trend has changed
and we are witnessing a sharp change in the
trend. Now the Indian conglomerates have
started a shopping spree overseas. The
reasons behind change in this trend can be
given to various factors like product
diversification, new market developments,
competitive advantage, acquisition of new
technology and access to international
markets etc. Even though there has been
plenty of cases of mergers and acquisitions
by various Indian Business Groups but it
has been observed that Tata Group has been
the most aggressive and dominant player in
this field.
Keywords- Mergers, Acquisitions,
Conglomerate and Competitive
1.1 INTRODUCTION- As there has been a
surge in international production and
international business, mergers &
acquisitions have also gone through a big
surge. Even though Indian companies are
not known for M&As, but because of
changes in international business dynamics,
the phenomenon has changed in India also.
There have been some meaningful and big
M&As by Indian companies like Tata Steel- Corus, Tata Global- Tetley, Aditya Birla
Hindalco- Novelis, Tata Motors- Jaguar
Land Rover etc and it has been dominated
by Tata Group. In the last decade or so
there have been more than 30 M&As done
by Tata Group which speaks volumes about
the dominance of Tata Group in terms of
M&As.
TATA GROUP- A BRIEF PROFILE- Founded by Jamsetji Tata in 1868, the Tata
group is a global enterprise, headquartered
in India, comprising over 100 independent
operating companies. The group operates in
more than 100 countries across six
Page 2 of 11
Journal for Studies in Management and Planning
Available at http://edupediapublications.org/journals/index.php/JSMaP/
e-ISSN: 2395-0463
Volume 01 Issue 11
December 2015
Available online: http://edupediapublications.org/journals/index.php/JSMaP/ P a g e | 629
continents, with a mission 'To improve the
quality of life of the communities we serve
globally, through long-term stakeholder
value creation based on Leadership with
Trust'. Tata Sons is the principal investment
holding company and promoter of Tata
companies. Sixty-six percent of the equity
share capital of Tata Sons is held by
philanthropic trusts, which support
education, health, livelihood generation and
art and culture. In 2014-15, the revenue of
Tata companies, taken together, was
$108.78 billion. These companies
collectively employ over 600,000 people.
Each Tata company or enterprise operates
independently under the guidance and
supervision of its own board of directors and
shareholders. There are 29 publicly-listed
Tata enterprises with a combined market
capitalization of about $134 billion (as on
March 31, 2015). Tata companies with
significant scale include Tata Steel, Tata
Motors, Tata Consultancy Services, Tata
Power, Tata Chemicals, Tata Global
Beverages, Tata Teleservices, Titan, Tata
Communications and Indian Hotels.
Some of the Overseas Mergers & acquisition done by Tata Group- Tata company Acquired company Country Stake acquired Year
Indian Hotels Campton Place Hotel US April 2007
Ritz-Carlton hotel US November
2006
Starwood group (W Hotel) Sydney 100 per cent
(wholly-owned)
December
2005
The Pierre US Management
contract
July 2005
Tata Chemicals EPM Mining Ventures Canada 30.6 per cent August
2011
Olam International, Republic
of Gabon
Republic of
Gabon
25.1 per cent April 2011
Page 3 of 11
Journal for Studies in Management and Planning
Available at http://edupediapublications.org/journals/index.php/JSMaP/
e-ISSN: 2395-0463
Volume 01 Issue 11
December 2015
Available online: http://edupediapublications.org/journals/index.php/JSMaP/ P a g e | 630
British Salt UK 100 per cent
(wholly-owned)
December
2010
General Chemical Industrial
Products (now Tata Chemicals
North America)
US 100 per cent
stake
January
2008
Brunner Mond (now Tata
Chemicals Europe)
UK 36.5 per cent March
2006
Brunner Mond (now Tata
Chemicals Europe)
UK 63.5 per cent December
2005
Indo Maroc Phosphore SA
(IMACID)
Morocco Equal partner March
2005
Tata Communications
(formerly VSNL)
BT Group's (BT) Mosaic
business
UK 100 per cent January
2010
Neotel South Africa 30 per cent January
2009
China Enterprise
Communications Limited
(CEC)
China
50 per cent
equity interest
June 2008
Transtel Telecoms (TT) South Africa April 2007
Gemplex US July 2003
Tata Consultancy Alti SA France 100 per cent July 2013
