b)Won the confidence and carried out voting to gather consent of Shareholders:
A meeting of the equity shareholders was held on June 7, 2012 in Mumbai at which a poll was conducted for the purpose of sanctioning and incase sanctioned, approve with or without modification of the designed scheme of Amalgamation and Arrangement under the Companies Act, 1956.At the meeting a separate resolution was also considered in relation to the reduction of the securities premium of Tech Mahindra Ltd, in terms of provisions of the proposed scheme. The scheme and the aforesaid reduction was approved by requisite majority in number 99.81% and value 99.99% by the equity shareholders present at the meeting and voting in person or by a representative. This effectively indicates that the company communicated with its shareholders and took their opinion into consideration before the merger.
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To keep the promise made to the employees, it was planning to make use of the existing work force rather than hiring new employees. The newly formed management team scrutinized the whole process and aimed at a higher growth rate. The beauty of this execution strategy was quite evident when Mr.Mukesh Ambani cited Satyam’s turnaround as a great example of improving corporate governance in India, during the show ‘The Politics of Economics’.
Tech Mahindra has a long way to go and what happened was just the beginning. A lot need to be done along the way but it should be appreciated that the way of revival has been quite efficient and quick. With a broadened client base, Mahindra Satyam could really hope for a boom in the IT services and thereby regain its lost name. Tech Mahindra is determined to showcase the Satyam turnaround, preserve the interests of global customers& Implement highest standard of corporate
Marubeni Corporation is a Japanese firm that trades a great amount of products such as grains, food, energy, construction, chemicals, and more. It is headquartered in Tokyo, Japan. Marubeni is the fifth-largest Japanese trading company. They have invested in different sectors and possess a great portfolio of diversified products. Marubeni has identified the growing demand for grains and they are seeking for a strong company that can lead them to a become the largest trader of this sector worldwide.
Meta Description: The Nexon is Tata’s new compact SUV that will compete with Vitara Brezza and EcoSport. Its USP is a new design that may appeal to young buyers.
Satyam Computer Services Limited was formed in 1987 in Hyderabad (India) by Mr. Ramalinga Raju. The firm began with 20 employees and grew rapidly as a ‘global’ business. It offered IT and business process outsourcing (BPO) services spanning various sectors. Satyam was as an example of “India’s growing success.” Satyam won numerous awards for innovation, governance, and corporate accountability. From 2003-2008, the company grew measurably. Satyam generated Rs. 25,415.4 million in total sales in 2003-04. By March 2008, the company sales revenue had grown by over three times .
The figure below illustrated that Bharti Infratel is the second largest IPO in India in the last five years, after Coal India. (Quartz Media USA, 2015)
From the above pie chart more than 70 percent of managers from the technical, support, operations and engineering departments said yes when asked upon the allocation of desk within few days of joining in Tech Mahindra. This shows that organization takes care for the new joinees smooth journey from the starting of their career in organization and so leaves a good impact on them. The company gives their employees freedom to explore in comfortable settings while working towards achieving its core purpose.
Hindustan Unilever Limited (HUL) is one of the strongest FMCG Company having a long standing in India with the motto that what is good for India will be good for HUL. HUL is a household name in most of the categories of the products. With right vision statement which includes the environmental vision the company is growing as sustainable company. The brands are manufactured in 29 owned factories across the country having more than 18,000 employees. The company has over 1800 suppliers and associates, 3500 stockists and coverage of 7 million outlets which includes direct coverage of 3 million outlets through their distribution partners Project Shakti. The turnover of the company in the fiscal year 2014-15 was 30,170 crores. HUL has products in categories of personal care products, cleaning products, food category and water purifier and most of their brands are market leader in their category.
The terms merger or amalgamation have not been defined in the 1956 Act, though this voluminous piece of legislation contains 69 definitions in Section 2. The concept paper recently issued by the Ministry of Company Affairs, the fate of which is still unknown, contained 100 such definitions but still stopped short of defining merger or amalgamation. The terms merger and amalgamation are synonyms and the term ‘amalgamation’, as per Concise Oxford Dictionary, Tenth Edition, means, ‘to combine or unite to form one organization or structure’.
Vortex Infosys Pvt. Ltd. was once known as one of the fast growing and leading application and software Development Company. Vortex Infosys started the outsourcing business in Nepal with the name of Radiant Technologies. With the head office in United States, Australia and United Kingdom the Company performed so well that it became one of the popular and top outsourcing company of Nepal in very short period of time. The organization structure of the company was totally centralized. The Chairman also the investor of the company has all authority to decide the major decisions of the company. In his absence the Managing Director can make all key decisions and most communication is done by one on one conversations with Head of Department (HODs) and Mangers. Due to some management issue as soon as old Director was terminated, Chairman himself appointed his son as new Director of the company without any
Restoring trust with solid activity and open communication:It is conceivable to restore trust with fitting activity as Satyam was in the end sold to Tech Mahindra in a straightforward offering methodology which was conveyed to people in general regulated, not leaving much space for theory in the
Indian Automobile major Mahindra and Mahindra have brought Pininfaria to its fold, for $28 million. The rumor mills were busy about the buyout, but it took more than few months for the acquisition to bear fruit. The total value of this deal is more than $125 million (Mahindra will pay around $28 million for 76-percent, and will make offers for the remaining 24 percent. In addition to the cash payout, Mahindra has guaranteed the Italian design house’s creditors more than $125 million and promises to invest a further $20-plus million into the company).
Lu Qin founded Keda Industrial Co., Ltd. in 1992. The enterprise manufactures building material machinery and manages of energy resources. The company’s headquarters is located in Shunde, China. After starting as a small business, the company became a world industry leader after surpassing most of its competitors. Various factors such as research and development, coordination, and inventory management influence the success of the company. However, the challenges in business organization, inefficiency, and government pressure forced the firm to reconsider enterprise resource management (ERP) to alleviate some of the issues.
Toyota Motor Corporation (NYSE:TM) is a Japan-based company. The Company operates through three business segments, which are Automobile, Finance, and Other segments. Toyota’s Automobile segment includes design, manufacture and sale of car products including passenger cars, minivans and trucks, as well as the related parts and accessories. The Finance segment is involved in the provision of financial services related to the sale of the Company's products, as well as the leasing of vehicles and equipment. The Others segment is involved in the design, manufacture, and sale of housings, as well as information and communication business .
Indian information technology (IT) industry has played a key role in putting India on the global map. The sector
* Physical infrastructure like roads, highways and bridges affect the use of automobiles. Better these infrastructures better will be the growth opportunities in this sector.
Core problem which Tata Group faces are constant attraction and recruitment of talented individual to build up its network of companies, which will then be capable of flourishing in the current economy. According to Tata Steel's head of human resource Suresh Tripathy, 17% of their senior leaders are due to retire in the next few years’ The challenges of increased demand in a constrained supply situation are therefore compounded (Mandavia 2014).