March 1, 2018 | 750 words | 3-minute read
Reorganisation to simplify structures, leverage synergies and rapidly scale business
Mumbai: Tata Sons today announced the reorganisation of its Realty and Infrastructure businesses in order to simplify structures, leverage synergies and scale business rapidly.
The longer cycle businesses of Infrastructure Development and Concessions, will be headed by Sanjay Ubale. He has been appointed as head – infrastructure and urban solutions, Tata Sons, and will report to Banmali Agrawala, president - infrastructure, aerospace and defence, Tata Sons. In addition, Mr Ubale will also work closely with the Group Chairman on state-related policy matters.
Tata’s realty business now will include commercial real estate and housing businesses and will be run as a joint business. Sanjay Dutt has been appointed the new managing director of Tata Realty and Infrastructure and will also oversee the operations of Tata Housing Development Company. Mr Dutt is currently CEO, India Operations and Private Funds at Ascendas - Singbridge and will take charge of his new role from 1st April 2018.
“The real estate and infrastructure businesses will both continue to grow given the needs of India’s fast-growing economy, and the Tata group has the resources, skills and scale to make a significant impact. I would like to wish Mr Ubale and Mr Dutt the very best in their new roles and I am confident that they will be able to make a significant impact on the business,” said N Chandrasekaran, Chairman, Tata Sons.
“Given that development of world-class infrastructure would be key to India’s economic growth, I am very excited to be part of this journey in my new role,” said Mr Ubale.
“This is a great opportunity to build scale in a growing sector like Real estate. I look forward to working with competent professionals in these companies to scale up the business to new heights,” said Mr Dutt.
It began with a simple thought. When India’s first steel plant was being set up in Jamshedpur over a century ago, Tata group Founder Jamsetji Tata, in a letter to his son Dorabji, advised him to “reserve large areas for football, hockey and parks….”
A serendipitous meeting last year between the Tata Trusts and Dutch hockey legend Floris Jan Bovelander set the stage for the establishment of the Naval Tata Hockey Academy in Jamshedpur, a joint effort on the part of the Trusts and Tata Steel to groom the next international hockey stars from Jharkhand. Both organisations were keen on promoting the game. Tata Trusts had been running a successful education programme in schools in Khunti district of Jharkhand, whereas Tata Steel had created infrastructure for football in Jamshedpur, and was able to transpose its experience to the game of hockey.
The chance meeting set the ball rolling. Joining hands with the Bovelander Hockey Academy paved the way to achieving the Founder’s vision for hockey development in Jamshedpur and bringing Jharkhand back onto the international hockey map.The academy, which heralds a huge milestone for hockey in India, has been named after Naval Tata, former president of the Indian Hockey Federation, who was passionate about hockey promotion in India.
Jharkhand was the ideal place to kick off the hockey programme, as its tribal population brings a natural talent to the sport. “Some of the best Indian hockey players are found in Jharkhand,” says Sunil Bhaskaran, vice president, corporate services, Tata Steel. The tribal youth of Jharkhand instinctively take to the game, playing with bamboo sticks and makeshift balls to counter the lack of a proper kit.
In Khunti, Tata Trusts had been running several programmes in rural livelihood development, education, agriculture and water. “We saw the need for holistic development of the tribal children. Sports, as a way to achieve holistic development, is extremely effective,” says Khorshed Talati, regional manager and anchor, Naval Tata Hockey Academy, Tata Trusts. According to Ms Talati, Jharkhand and Indian hockey have a long history together: “There was a time when Indian hockey was well represented by people from Jharkhand. The captain of the first Indian hockey team to win an Olympic medal, Jaipal Singh Munda, was from this region.” Over the years, however, the number of hockey players emerging from Jharkhand has diminished sharply. Today, Jharkhand ranks among the states with the lowest per capita income in India. Players from poor families are physically weak and undernourished, resulting in a lack of stamina. This affects their confidence. Faced with stronger teams, they burn out over the course of 60 minutes, and end up conceding goals to the opposing team.