J. R .D. Tata

Business Sphere - - Contents - By Our Cor­re­spon­dent


“...there is a joy in hav­ing done some­thing as well as you could and bet­ter than oth­ers ” thought you could.

In line with the gov­ern­ment’s Prad­han Mantri Awas Yo­jna (PMAY) ini­tia­tive, the scheme will of­fer sub­sidised home loans to low in­come groups Tata Cap­i­tal Hous­ing Fi­nance (TCHFL), the wholly owned sub­sidiary of Tata Cap­i­tal, to­day an­nounced the launch of ‘Prapti’ – a home loan scheme to cater to the low in­come seg­ment in the af­ford­able hous­ing space. By pro­vid­ing home loans at sub­si­dized in­ter­est rates from 4 per­cent, TCHFL will help in­di­vid­u­als to re­alise their dream of buy­ing their own home. Tata Cap­i­tal’s ‘Prapti’ Home Loans scheme is a step to­wards the Gov­ern­ment of In­dia’s ‘Prad­han Mantri Awas Yo­jana’ for pro­vid­ing af­ford­able houses to the ur­ban poor by the year 2022. The scheme specif­i­cally caters to seg­ments like the lower in­come group (LIG), eco­nom­i­cally weaker sec­tion (EWS) of so­ci­ety, sched­uled caste (SC), sched­uled tribe (ST) and women re­sid­ing in the pe­riph­eries of Met­ros, Tier I cities as well as those liv­ing in Tier II and Tier III cities. The scheme is ap­pli­ca­ble for house­holds with an in­come of up to Rs6 lakh per an­num. Speak­ing on the oc­ca­sion, Govind Sankara­narayanan, chief op­er­at­ing of­fi­cer – re­tail busi­ness and hous­ing

fi­nance, Tata Cap­i­tal, said, “Hous­ing fi­nance is an in­te­gral part of Tata Cap­i­tal’s wide port­fo­lio of re­tail of­fer­ings. Tata Cap­i­tal’s ‘Prapti’ Home Loan scheme is in line with our gov­ern­ment’s vi­sion of ‘Hous­ing for all by 2022’ and this prod­uct can re­duce the ef­fec­tive cost of in­ter­est thereby ex­pand­ing the op­por­tu­nity of home own­er­ship.” Com­ment­ing on the launch of Prapti Home Loans, R Vaithi­anathan, manag­ing direc­tor, TCHFL, said, “Tata Cap­i­tal Hous­ing Fi­nance has al­ways recog­nised af­ford­able hous­ing fi­nance as a high growth area and to this ef­fect, we have ex­panded our reach to the ur­ban poor, smaller cities and semi-ru­ral ar­eas across the coun­try. The ‘Prapti’ home loan scheme, with low in­ter­est rates and flex­i­ble loan re­pay­ment op­tions will equip a larger base of the lower in­come seg­ment to re­alise their dream of pur­chas­ing their own home. Our pan-In­dia wide pres­ence will help cater to the rel­e­vant cus­tomer seg­ment in Tier II and Tier III cities across the coun­try.” Af­ford­able hous­ing seg­ment is one of the high growth ar­eas in the home loans busi­ness of Tata Cap­i­tal and this ini­tia­tive, cou­pled with flex­i­ble loan re­pay­ment op­tions like step-up/ step-down fa­cil­i­ties will fur­ther help boost the low cost hous­ing seg­ment and strengthen Tata Cap­i­tal’s mar­ket pres­ence in this space.

Res­i­dents of Rail­way Lane JJ Colony, Ke­shavpu­ram, to ben­e­fit from Tata Power Delhi Distri­bu­tion's 'Any Time Water' RO plant

Tata Power Delhi Distri­bu­tion (TPDDL) has been striv­ing for the im­prove­ment of qual­ity of life and up­lift­ment of the un­der­priv­i­leged sec­tion of so­ci­ety through its var­i­ous so­cial in­no­va­tion ini­tia­tives. In­stal­la­tion of Any Time Water (ATW) RO plants in JJ Clus­ters across North and North West Delhi by TPDDL for pro­vid­ing ac­cess to clean and safe drink­ing water to res­i­dents is an an­other step in this di­rec­tion. TPDDL in as­so­ci­a­tion with Delhi Jal Board iden­ti­fied Rail­way Lane JJ Colony, C4 Block, Ke­shavpu­ram as a site for in­stal­la­tion of ATW plant af­ter seek­ing in­puts from the lo­cal area Prad­hans and in­struc­tors of TPDDL Women Lit­er­acy Cen­ters who work in this area. The RO plant was ded­i­cated to the JJ res­i­dents by mem­ber of leg­isla­tive as­sem­bly, Tri­na­gar, Ji­ten­der Singh To­mar, in the pres­ence of in the pres­ence of Su­dar­shan Ku­mar Saini, se­nior vice pres­i­dent, com­mer­cial and so­cial in­no­va­tion group, TPDDL, and hun­dreds of lo­cal res­i­dents. The ATW RO water pu­ri­fier has a ca­pac­ity of 500 litre per hour (LPH) and each house­hold can with­draw a max­i­mum of 10 litre of RO water per day. The day-to-day op­er­a­tions of the ATW RO plants will be man­aged by women mem­bers of the self-help groups (SHGs) work­ing in this clus­ter. These SHGs were formed by TPDDL in the com­mu­nity in or­der to ad­dress the is­sue of un­em­ploy­ment and to in­fuse the spirit of en­trepreneur­ship among women. At the ATW, the JJ dwellers can dis­pense RO water through the recharge­able swipe cards is­sued to them, for which a nom­i­nal user charges would be col­lected by the SHG women op­er­a­tors to run the RO plants on self-sus­tain­able model.

While ad­dress­ing the gath­er­ing, Mr To­mar, said, “I con­grat­u­late Tata Power-DDL for this unique so­cial In­no­va­tion ini­tia­tive. This move will not only pro­vide safe drink­ing water to the res­i­dents of JJ clus­ters at a very nom­i­nal charge of 1 paise per litre but also make the women op­er­at­ing these ATWs self-re­liant and eco­nom­i­cally strong.” TPDDL has been striv­ing for the im­prove­ment of qual­ity of life of its con­sumers re­sid­ing in Jug­ghi Jhopari clus­ters. Apart from en­hance­ment in power distri­bu­tion ser­vices, the com­pany is work­ing tire­lessly in 223 JJ clus­ters in its power distri­bu­tion area of North and North West Delhi through 290 women lit­er­acy cen­tres, 14 vo­ca­tional train­ing cen­tres, tu­to­rial classes, drug de-ad­dic­tion camps, mo­bile med­i­cal dis­pen­sary ser­vice, HIV / AIDs aware­ness pro­gramme, blood do­na­tion camps, sup­port to SC and ST com­mu­nity un­der its Af­fir­ma­tive Ac­tion pol­icy, among oth­ers, ben­e­fit­ing more than 12 lakh peo­ple.

Cyrus Mistry fo­cuses on lead­er­ship and in­no­va­tion at the Tata An­nual Group Lead­er­ship Con­fer­ence 2016

• Lead­ers 2025’ in­tro­duces in­no­va­tive HR frame­works for lead­er­ship com­pe­ten­cies, and em­ployee well-be­ing and ful­fil­ment.

• Tata val­ues re­freshed in line with Vi­sion 2025 to in­clude pi­o­neer­ing as a core value, re­flect­ing the cen­tral­ity of in­no­va­tion.

• Pub­lished patents at all-time high.

• Group turnover at ~$103 bil­lion; in­ter­na­tional rev­enues at 69 per­cent of turnover; 10 Tata com­pa­nies reg­is­ter turnover of over $1 bil­lion.

• Group’s cap­i­tal in­vest­ment in ex­cess of $28 bil­lion for the last three years, in­clu­sive of $9 bil­lion in­vested in FY16.

• Tata em­ploy­ees con­trib­ute over 1 mil­lion vol­un­teer­ing hours. The Chair­man of Tata Sons, Cyrus P Mistry, ad­dressed the Tata group’s lead­er­ship and se­nior man­age­ment at the An­nual Group Lead­er­ship Con­fer­ence (AGLC) held to­day. The AGLC is held ev­ery year on July 29, to com­mem­o­rate the birth­day of former Tata Sons Chair­man, JRD Tata. The theme of AGLC 2016 was Lead­ers 2025, which em­pha­sises the con­tri­bu­tion and de­vel­op­ment of ev­ery Tata em­ployee. In his ad­dress, Mr Mistry em­pha­sised that “our peo­ple are at the heart of the group’s Vi­sion 2025.” The Tata group’s vi­sion for 2025 was first an­nounced by Mr Mistry at the AGLC in 2014. The vi­sion is that by 2025, “25 per­cent of the world’s pop­u­la­tion will ex­pe­ri­ence the Tata com­mit­ment to im­prov­ing the qual­ity of life of cus­tomers and com­mu­ni­ties. As a re­sult, Tata will be amongst the 25 most ad­mired cor­po­rate and em­ployer brands glob­ally, with a mar­ket cap­i­tal­i­sa­tion com­pa­ra­ble to the 25 most valu­able com­pa­nies in the world.” As part of the Lead­ers 2025 agenda, Mr Mistry out­lined crit­i­cal en­ablers which would help the group achieve its Vi­sion 2025: A new lead­er­ship com­pe­tency model, ‘Tata Lead­ers - what de­fines us’, out­lin­ing key com­pe­ten­cies to iden­tify and de­velop lead­ers.

• A pro­pri­etary Tata Qual­ity of Life (TQoL) frame­work, de­vel­oped in-house, built on the foun­da­tion of hap­pi­ness at work, re­flect­ing the group’s long stand­ing com­mit­ment to em­ployee well­be­ing and ful­fil­ment.

Cyrus Mistry, Chair­man of Tata Group

J. R. D. TATA (July 29, 1904 - Novem­ber 29, 1993) On his 112th birth an­niver­sary, we pledge to con­tinue our jour­ney as a pi­o­neer­ing and suc­cess­ful global or­gan­i­sa­tion, with the com­mu­nity at its heart.

Govind Sankara­narayanan, Chief Op­er­at­ing Of­fi­cer, Re­tail Busi­ness and Hous­ing Fi­nance, Tata Cap­i­tal

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