The firm earned Rs.1.06 over
a sale of Re.1 (with net sales of Rs.166 million and profits of Rs.176 million for FY06). Tata Investment Corporation Limited (TICL), clinched the third position with a return of 96 paise for every rupee sold. For 2005-06, the company had sales of Rs.1,708 million and profits of Rs.1,631 million. The structure of TICL is much similar to that of JM Financial. TICL, together with Tata Sons Ltd, is a promoter of Tata Mutual Fund. TICL is also a principal shareholder of Tata Securities – a company engaged in the distribution of mutual funds and other investment related securities.Other companies in the top 10 list include names like United Breweries (Holdings), Reliance Capital, India Infoline, Gateway-Distriparks & Jaiprakash Hydro-Power Ltd.
For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
a sale of Re.1 (with net sales of Rs.166 million and profits of Rs.176 million for FY06). Tata Investment Corporation Limited (TICL), clinched the third position with a return of 96 paise for every rupee sold. For 2005-06, the company had sales of Rs.1,708 million and profits of Rs.1,631 million. The structure of TICL is much similar to that of JM Financial. TICL, together with Tata Sons Ltd, is a promoter of Tata Mutual Fund. TICL is also a principal shareholder of Tata Securities – a company engaged in the distribution of mutual funds and other investment related securities.Other companies in the top 10 list include names like United Breweries (Holdings), Reliance Capital, India Infoline, Gateway-Distriparks & Jaiprakash Hydro-Power Ltd.For Complete IIPM - Article, Click on IIPM-Editorial Link
Source:- IIPM-Business and Economy, Initiative:- Prof. Arindam Chaudhuri - 2006
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