Division Advisory Services Pvt. Ltd was established in 2022 by assistant to Natarajan Chandrasekaran, the group company secretary and chairman of Tata Sons. In 2022, Tata Pension Management Co., Ltd. listed Division as one of the 473’TATA Group and sponsor companies. Tata Pension Management is supported by Tata Asset Management Ltd, a director of Mukhopadhyay.
Tata Pension Management contacted that the disclosure was wrong.
“Divinion Advisory Services is not part of the TATA Group, nor is it sponsored by the Tata Pension Fund. The emergence of Division Advisory Services under the August 2022 disclosure of the Tata Pension Fund is wrong and we will correct the list at the earliest,” said Kurian Jose, CEO of Tata Pension Fund. The subsequent disclosures of Tata Pension in 2023 and 2024 do not mention Divinion, but are only named Mukhopadhyay in serving as company secretary.
A former Tata Group executive said Mukhopadhyay, 61, had contacted him to join Divinion or make an investment.
“Mukho (Mukhopadhyay) contacted me a few months ago to ask how I should join the board of Divinion or invest in Divinion because they promised to give me some X returns,” a former TATA executive said on anonymous condition. “I told him that I didn’t give the best fund manager in the country and therefore disagreed with putting my money in it.”
Tata’s son said no group company has a commercial deal with Divinion.
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“We want to clarify that there is no business relationship between Tata Group and Divinion Consulting Services,” a spokesperson for Tata Son said. “In addition, Tata Pension Management Co., Ltd. or any other Tata Company is not a sponsor of Divinion Consulting Services.”
A spokesperson did not comment on Tata Pension Management Listings Divinion as part of the 2022 Tata Group. A spokesperson did not comment on Mukhopadhyay’s disclosure to Tata Sons Board whether to disclose to Tata Sons board that his family owns a wealth management company, and whether his former Tata Group employee seeks help, and the former TATA Group from Tata Group of Tata Group of Brasheach bereach bereach bereach of Tata tata concation.
The Tata Code of Conduct says that the conflict of interest for employees of Tata Group is when the employee “has the ability to obtain improper benefits through himself or any family member or any decisions related to any transaction, or for any person in any close personal relationship or any decision with any transaction.”
But an executive of Tata Son said on anonymous condition that Mukhopadhyay made all disclosures without clarifying whether he sought approval from the Tata Sons Board.
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Mukhopadhyay’s daughters Shreemoyee and Mother Paromita owned 50% of the company when they were founded, according to a document submitted by Division to the Corporate Affairs Department. In fiscal 24, Suprakash’s youngest daughter Shreenandini joined the shareholders. paromita, Shreemoyee and Shreenandini have 100% Division at the end of March 2024. Shreemoyee resigned as CEO in June 2023 and in March 2024. According to the latest share information, Paromita, Paromita, shares 33.34% of her daughters, each sister and other sisters, as well as other sisters, as well as other sisters, as well as 33.334% of her sisters, as well as 33.34% of her sisters, as well as 33.34% of her sisters, as well as 33.34% of her sisters, as well as 33.34% of her sisters, as well as 33.34% of her sisters and sisters.
Division appoints Hormuz Bulsara, former COO of Tata Asset Management, as CEO in August 2023. S. Mahalingam, former chief financial officer of Tata Consultancy Services Ltd, S. Mahalingam, joined the board in August 2022, is one of its three directors. Adil Burjor Busha, a former director of Tata Pension Management, was appointed Chief Financial Officer in October last year.
Queries sent by email to Mukhopadhyay and Shreemoyee were not answered.
Tata Sons, the main holding company of Tata Group, owns stakes in 26 listed companies, including Tata Motors Ltd, Tata Steel Ltd and Tata Consultancy Services Ltd, with cumulative revenues of more than $165 billion and revenues of more than the end of March 2024. 18.4% of the Mistry family.
“Good corporate governance principles require KMP (principle managers) to obtain approval from the board of directors, whether directly or indirectly,” said V. Balakrishnan, former chief financial officer of Infosys Ltd. “This is related to KMP’s full commitment to employers and to protect the brand due to unauthorized activities.”
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In 2021, Division Advisory Services established Division Alternative India Fund, an alternative India fund registered by SEBI. The fund invests in stocks. Divinion’s income from ₹4.09 million billion in 2023 ₹194 million in 2024. It reports net profit ₹Last year, 4.372 million ₹2023 is 1,630.
Mukhopadhyay joined the Tata Group in 1988 and then moved to Tata in 2000. Chandrasekaran was commissioned as chairman of Tata Sons after directing TCS as CEO between 2009 and February 2017. Chandrasekaran’s first executive selected from the Tata Group was Mukhopadhyay, who joined Tata Sons in April 2017.
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