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Sukaran Singh Appointed MD & CEO of Tata Advanced Systems | ||
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Dec 01, 2014 17:00 IST
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Hyderabad, Andhra Pradesh, India Mr. Sukaran Singh has been appointed the Managing Director and Chief Executive Officer of Tata Advanced Systems Limited (TASL), Tata Sons’ subsidiary for itsaerospace and defence business. Mr. Singh, who joined the Tata group in 2003, isa Director of TASL.
TASL provides integrated solutions for Aerospace, Defence and Homeland Security. In a short span of five years, Tata Advanced Systems has become a significant player in the global aerospace market, becoming the premier manufacturing partner for global OEMs including Sikorsky Aircraft Corporation, Lockheed Martin Aeronautics, Pilatus Aircraft Ltd, Cobham Mission Equipment and RUAG Aviation for their global requirements. It has capabilities throughout the entire Aerospace value chain from design to full aircraft assembly, and is poised to be a major player in India in this sector. It is also engaged in development and assembly projects in missiles, radars and in other high technology areas for Indian customers. The Tata group has identified aerospace and defence as a focus area.
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 Rs624,757 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 market capitalisation of about $134.8 billion (as on November 20, 2014), 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.
For further information, please contact: Sarika Kapoor Chokshi/ Arushi Agrawal +91-22-66657891/7564
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