Ratan Jindal

P.R. Jindal

Naveen Jindal

Sajjan Jindal
 Mr. Jindal passed away
 Shareholders wondered who the next chairperson

would be.
 Savitri Jindal was appointed as chairperson of all four

companies.
 P.R. Jindal stepped down
 The four Companies are run as independent business.
(The Family Council)
 Founded in 1884 by Dr. S.K. Burman
 Market Capitalization of over $2 billion
 The company went public in 1986
 In 1998, the Burman family appointed professionals
 The family appointed a Family Council
 It encourages Burman sons to develop their own

ventures
(A Planned Ownership Split)
 Setup in 1952 by Mr. M. L. Mittal
 Lakshmi Mittal helped take the comp. international in

1974.
 In 1994, Mr. Mittal split the ownership into two parts
 Lakshmi Mittal was given group’s international

operations
 The other part was left in the hands of the younger

sons.
(The Family Trust)
 Founded by Jamsetji Tata in mid-nineteenth.
 Comprises nearly 100 companies, with a market
capitalization of about $52 billion.
 Founders bestowed a large part of their wealth to the
Dorabji Tata, Sir Ratan Tata and other similar trusts.
 In july 2000 Tata sons formed a Governance council
 The Tata sons act first as administrators of the trust