The Tata Sons’ group legal team has been awarded the best ‘In-house Legal Team for Innovation, Strategies & Continuous Growth’ at the recently held 4th Annual Legal Era Awards 2015, making this it’s second consecutive win. The Legal Era awards honours performance and excellence in the legal industry.
The Tata Sons’ group legal team’s continued contribution to the development of corporate law through provision of inputs reflecting the industry’s perspective to the Government of India and regulators, particularly in relation to various corporate and commercial laws including the Companies Act 2013, SEBI regulations and amendments to multiple economic legislations helped the team to differentiate their legal strategy from other in-house legal teams and emerge as winners.
Commenting on the win, Mr. Bharat Vasani, Chief, Legal and Group General Counsel, Tata Sons said, “The Tata Sons’ group legal team embodies the Tata culture of playing an active role in public policy matters. In FY 2014-15, we played a key role in advising on complex restructuring transactions, high stake commercial disputes and constitutional law matters besides ensuring that the Tata companies’ migration to the new Companies Act, 2013 was smooth. We made a tremendous impact through our ‘Policy Advocacy’ role. This is an innovative feature which has not been associated with the in-house legal fraternity. It is indeed an honor for us that our efforts have been lauded and recognised by peers in the legal fraternity.”
This year, the awards saw participation from over 100+ Law Firms and 150+ Corporate Houses hailing from distinct constituencies like the Business Community, the External Lawyers Community, and the In-House Counsel.
About the Tata group :
The Tata group’s core purpose is to improve the quality of life of the communities it serves globally, through long-term stakeholder value creation based on leadership with trust. Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise headquartered in India, and comprises over 100 operating companies, with operations in more than 100 countries across six continents, exporting products and services to over 150 countries. The revenue of Tata companies, taken together, was $103.27 billion (around Rs 624,757 crore) in 2013-14, with 67.2 percent of this coming from businesses outside India. Tata companies employ over 581,000 people worldwide. Good corporate citizenship is part of the Tata group’s DNA. Sixty six percent of the equity of Tata Sons, the promoter holding company, is held by philanthropic trusts, thereby returning wealth to society. As a result of this unique ownership structure and ethos of serving the community, the Tata name has been respected for more than 140 years and is trusted for its adherence to strong values and business ethics. Each Tata company or enterprise operates independently and has its own board of directors and shareholders, to whom it is answerable. There are 32 publicly-listed Tata enterprises and they have a combined $127.6 billion (as on 26th March 2015), and a shareholder base of 3.9 million. 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.
