What is Talent and who is Genius

21/06/2019

A very good long term investment of Rs.154.66Crores has market value as on date 20th June 2019 Rs.13,130.42Crores means an appreciation of 84.9 times and received tax - free income by way of dividend @41.37% for 2018- 19 & @40.37% for 2017- 18

An investment of Rs.154.66Crores appreciated to Rs.13,130.42Crores today as on 20th June 2019 (as follows Rs.4,078.54 Crores as on 31.03. 2016 & within 1 year on 31.03 2017 Rs.6,382.45Crores
on 31.03 2017 Rs.6,382.45Crores and next year as on 31.03 2018 market price further appreciated to Rs.8,035.63Crores, as on 31.03 2019 market price Rs.11,493.16Crores)

Maharashtra Scooters Ltd. Dividend Income
Market Price Rs. in Lacs Cost Price 2018- 2019 2017- 2018
Share (Nos.) 20-06-2019 31-Mar-19 31-Mar-18 31-Mar-17 31-Mar-16 Rs. in Lacs
Bajaj Auto Ltd. 67,74,072 2,908.55 1,97,027.27 1,97,467.59 1,85,927.95 1,90,043.20 1,62,980.79 1,824.86 4,064.44 4,064.44
Bajaj Finance Ltd. 189,74,660 3,582.45 6,79,757.71 5,73,955.00 3,35,386.60 2,22,212.24 1,31,383.39 5,006.76 1,138.48 758.99
Bajaj Finserv Ltd. 37,25,740 8,422.00 3,13,781.82 2,62,122.57 1,92,678.51 1,52,695.73 63,751.14 3,968.63 93.14 65.20
Bajaj Holdings & Investmeent Ltd. 33,87,036 3,616.00 1,22,475.22 1,15,770.58 89,570.17 73,293.77 49,738.62 4,665.36 1,102.14 1,354.81
13,13,042 11,49,316 8,03,563 6,38,245 4,07,854 15,465.61 6,398.21 6,243.44
Investment appreciated (market price rised) 1,63,726 3,45,753 1,65,318 2,30,391 84.901 41.37 40.37
IN < 3 MONTHS yearly yearly yearly TIMES % %

With this acquisition, Bajaj Holdings’ stake in the company has gone up to 51% and MSL has become a subsidiary of BHIL with effect from June 17.

01/11/2015

Dear friends, I (Roopchand Bajaj) hereby invite to all Professional Qualified CA, CS, CWA, LLB, LLM, Sr. Most Top Executives- Commercial and Taxation, CEO, CFO, VP- Accounts Finance Taxation & Legal, Company Secretary, Practicing Chartered Accountant, Cost Accountant, Advocates/ Taxation Consultant, Portfolio/Stock Adviser, HNI, Industrialist & all Talent and Genius Professionals.

What is Talent? And who is Genius? All are hypothetical......

We are not encroaching on your busy Schedule by writing this discovery (Thesis) Portfolio Management- Promoter Stake. Find this article with best of health and to raise your analytical approach, enhancement in Professionalism acumen/ knowledge while providing Cash Value Added Services. Learn and Earn all are a story in real life, and very particular in House of TATA: their executives never wants to Learn, Only Earn.As they get a fat pay envelop without any commitment, hence never feel responsible. As they are in Top Management, and feel proud hence egoism is always in their way, so lack of consideration for others exist in them even for high class of innovations.

So therefore here needs to learn never make ego issue at all, as egoism is the root of all sufferings. Be polite, humble and a good listener too. Due to differential attitude of understanding it may be you are on losing ground, dare please, provide some space for new discovery (Thesis). Mr. Tata knows it well, so say way back, “We need to build India into a land of equal opportunity for all. We can be a truly great nation if we set our sights high and deliver to the people the fruits of continued growth, prosperity and equal opportunity” Ratan Naval Tata- Chairman, Tata Sons Message delivered on Independence Day 15th August, 2007
TATA Sons Ltd. 97 Annual Report for the year 2014-15 ended on 31March, 2015
Portfolio Management-Promoters Stake in TATA Investment a BSE & NSE listed Company Since 1 April, 2011 Promoters Holding 72.98% (holding Company TATA Sons 68.14% and rest by 7 TATA Co. as under:
1 TATA Sons Ltd. 37541071 68.14
2 Ewart Investments Ltd. 869472 1.58
3 Af-taab Investment Co Ltd. 857143 1.56
4 TATA Chemicals Ltd. 475840 0.86
5 TATA Steel Ltd. 246018 0.45
6 TATA Global Beverages Ltd. 160000 0.29
7 Trent Ltd. 38550 0.07
8 Trent Brands Ltd. 19800 0.04
Sub Total 40207894 72.98
9 Tata Trust- Ratan Naval Tata 21037 0.04
Promoters Total holding 40228931 73.02
Critical Analysis presented in 2 table link it with Promoters holding as above.

TATA Investment Corporation Ltd. 78 Annual Report for the year 2014-15 ended on 31 March, 2015
Dividend Paid Dividend distribution tax
For the year Share Nos. Rs. Rs. In Lacs Rate Rs. In Lacs
A B C D E F
D = (B*C*10)/100000 F = (D*E)
1 2006-07 34460388 15 5169.06 16.995% 878.48
2 2007-08 34460388 15 5169.06 16.995% 878.48
3 2008-09 34460388 15 5169.06 16.995% 878.48
4 2009-10 41348731 15 6202.31 16.995% 1054.08
5 2010-11 48237074 16 7717.93 16.60875% 1281.85
6 2011-12 55095296 21 11570.01 16.2225% 1876.95
7 2012-13 55095296 16 8815.25 16.995% 1498.15
8 2013-14 55095296 17 9366.20 16.995% 1591.79
9 2014-15 55095296 17 9366.20 20.47467% 1917.70
For the year 2006-07 to 2014-15 68545.08 11855.96
Dividend received by Promoters Portfolio Management- Promoters Stake: TATA Investment
For the year Shares holding % Dividend Received
Total TATA Sons
1 2006-07 20865707 60.55 40.44 150% 2007-08 3129.86
2 2007-08 20876661 60.58 54.98 150% 2008-09 3131.50
3 2008-09 21007456 60.96 55.55 150% 2009-10 3151.12
4 2009-10 27196740 65.77 61.18 150% 2009-10 4079.51
5 2010-11 33736367 69.94 65.21 160% 2010-11 5397.82
6 2011-12 40207894 72.98 68.14 210% 2012-13 8443.66
7 2012-13 40207894 72.98 68.14 160% 2013-14 6433.26
8 2013-14 40207894 72.98 68.14 170% 2014-15 6835.34
9 2014-15 40207894 72.98 68.14 170% 2015-16 6835.34
Dividend received in 2007-08 to 2015-16 47437.41
Have you observed any financial lose and or additional burden of tax born by the TATA Organisation?
If yes, then whether said additional burden of tax is on ‘Recurring Basis’ every year?
If yes, then since when? Are you in a position to save said additional burden of tax in Portfolio Management?

Doing easily what others find difficult is Talent.
Doing what is impossible for Talent is Genius.

Portfolio Management- Promoters Stake: can any 1 of you save 403% by generating new income in TATA Sons Ltd. group parent co. + 94% simultaneous savings apart from Dividend distribution tax Setoff Claim u/sec.115-O (1) being reduction in hidden cost of tax being additional burden of tax bearing since 2007-08 and onward on certain financial re-engineering (without any financial headache in any manner)?

Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Claim Lose
Total TATA Sons
1 2006-07 20865707 60.55 40.44 150% 2007-08 3129.86 531.92
2 2007-08 20876661 60.58 54.98 150% 2008-09 3131.50 532.20
3 2008-09 21007456 60.96 55.55 150% 2009-10 3151.12 535.53
4 2009-10 27196740 65.77 61.18 150% 2009-10 4079.51 693.31
5 2010-11 33736367 69.94 65.21 160% 2010-11 5397.82 896.51
6 2011-12 40207894 72.98 68.14 210% 2012-13 8443.66 1369.77
7 2012-13 40207894 72.98 68.14 160% 2013-14 6433.26 1093.33
8 2013-14 40207894 72.98 68.14 170% 2014-15 6835.34 1161.67
9 2014-15 40207894 72.98 68.14 170% 2015-16 6835.34 1399.51
Dividend for received in 2007-08 to 2015-16 47437.41 8213.76

Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Claim Lose Total TATA Sons Hidden Cost Total Cost
1 2006-07 20865707 60.55 40.44 150% 2007-08 3129.86 531.92 273.90 805.82
2 2007-08 20876661 60.58 54.98 150% 2008-09 3131.50 532.20 274.04 806.24
3 2008-09 21007456 60.96 55.55 150% 2009-10 3151.12 535.53 275.76 811.29
4 2009-10 27196740 65.77 61.18 150% 2009-10 4079.51 693.31 357.00 1050.31
5 2010-11 33736367 69.94 65.21 160% 2010-11 5397.82 896.51 445.92 1342.43
6 2011-12 40207894 72.98 68.14 210% 2012-138443.661369.77 657.87 2027.64
7 2012-13 40207894 72.98 68.14 160% 2013-146433.261093.33 562.98 1656.31
8 2013-14 40207894 72.98 68.14 170% 2014-156835.341161.67 598.17 1759.83
9 2014-15 40207894 72.98 68.14 170% 2015-166835.341399.51 720.64 2120.15
Dividend received in 2007-08 to 2015-16 47437.41 8213.76 4166.28 12380.04

Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Total TATA Sons Claim Lost Claim Cost
1 2006-07 20865707 60.55 40.44 150% 2007-08 3129.86 531.92 805.82
2 2007-08 20876661 60.58 54.98 150% 2008-09 3131.50 532.20 806.24
3 2008-09 21007456 60.96 55.55 150% 2009-10 3151.12 535.53 811.29
4 2009-10 27196740 65.77 61.18 150% 2009-10 4079.51 693.31 1050.31
5 2010-11 33736367 69.94 65.21 160% 2010-11 5397.82 896.51 1342.43
6 2011-12 40207894 72.98 68.14 210% 2012-13 8443.66 1369.77 2027.64
7 2012-13 40207894 72.98 68.14 160% 2013-14 6433.26 1093.33 1656.31
8 2013-14 40207894 72.98 68.14 170% 2014-15 6835.34 1161.67 1759.83
9 2014-15 40207894 72.98 68.14 170% 2015-16 6835.34 1399.51 2120.15
Dividend received in 2007-08 to 2015-16 47437.41 8213.76 12380.04

Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Cost Tax Planning
Total TATA Sons Hidden Cost Total Lost
1 2006-0720865707 60.55 40.44@15 2007-08 3129.86 805.82 1611.63 2417.45
2 2007-0820876661 60.58 54.98@15 2008-09 3131.50 806.24 1612.48 2418.72
3 2008-0921007456 60.96 55.55@15 2009-10 3151.12 811.29 1622.58 2433.87
4 2009-1027196740 65.77 61.18@15 2009-104079.51 1050.31 2100.63 3150.94
5 2010-1133736367 69.94 65.21@16 2010-115397.82 1342.43 2684.87 4027.30
6 2011-1240207894 72.98 68.14@21 2012-138443.66 2027.64 4055.28 6082.92
7 2012-1340207894 72.98 68.14@16 2013-146433.26 1656.31 3312.63 4968.94
8 2013-1440207894 72.98 68.14@17 2014-156835.34 1759.83 3519.67 5279.50
9 2014-1540207894 72.98 68.14@17 2015-166835.34 2120.15 3519.67 5639.82
Dividend received in 2007-08 to 2015-16 47437.41 12380.04 24039.42 36419.46

Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend received by Promoters
For the yearShares holding % Dividend Received DDT Setoff Lost Tax Planning
Total TATA Sons Hidden Cost Total Lost
2006-07 20865707 60.55 40.44@15 2007-08 3129.86 531.92 1885.53 2417.45
2007-08 20876661 60.58 54.98@15 2008-09 3131.50 532.20 1886.52 2418.72
2008-09 21007456 60.96 55.55@15 2009-10 3151.12 535.53 1898.34 2433.87
2009-10 27196740 65.77 61.18@15 2009-10 4079.51 693.31 2457.63 3150.94
2010-11 33736367 69.94 65.21@16 2010-11 5397.82 896.51 3130.79 4027.30
2011-12 40207894 72.98 68.14@21 2012-13 8443.66 1369.77 4713.15 6082.92
2012-13 40207894 72.98 68.14@16 2013-14 6433.26 1093.33 3875.61 4968.94
2013-14 40207894 72.98 68.14@17 2014-15 6835.34 1161.67 4117.84 5279.50
2014-15 40207894 72.98 68.14@17 2015-16 6835.34 1399.51 4240.31 5639.82
Dividend received in 2007-08 to 2015-16 47437.41 8213.76 28205.71 36419.46

Projection of Dividend for next 9 years 2015-16 to 2023-24 based on previous 9 years 2006-07 to 2014-15
Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend to be paid
For the year Shares Dividend to be Paid Dividend distribution Tax
1 2015- 16 55095296 180% 9917.15 20.47467% 2030.50
2 2016- 17 55095296 190% 10468.11 20.47467% 2143.31
Bonus Share to be Issue in ratio of 1 : 2
3 2017- 18 82642944 135% 11156.80 20.47467% 2284.32
4 2018- 19 82642944 140% 11570.01 20.47467% 2368.92
5 2019- 20 82642944 145% 11983.23 20.47467% 2453.53
6 2020- 21 82642944 150% 12396.44 20.47467% 2538.13
7 2021- 22 82642944 160% 13222.87 20.47467% 2707.34
8 2022- 23 82642944 170% 14049.30 20.47467% 2876.55
9 2023- 24 82642944 180% 14875.73 20.47467% 3045.76
Dividend payable for 2015- 16 to 2023- 24 109639.64 22448.35

Projection of Dividend for next 9 years 2015- 16 to 2023- 24 based on previous 9 years 2006- 07 to 2014- 15
Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend to be received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Claim Total TATA Sons
1 2015-16 40207894 72.98 68.14 180% 2016-17 7237.42 1481.84
2 2016-17 40207894 72.98 68.14 190% 2017-18 7639.50 1564.16
Bonus Share to be Issue in ratio of 1 : 2
3 2017-18 60311841 72.98 68.14 135% 2018-19 8142.10 1667.07
4 2018-19 60311841 72.98 68.14 140% 2019-20 8443.66 1728.81
5 2019-20 60311841 72.98 68.14 145% 2020-21 8745.22 1790.55
6 2020-21 60311841 72.98 68.14 150% 2021-22 9046.78 1852.30
7 2021-22 60311841 72.98 68.14 160% 2022-23 9649.89 1975.78
8 2022-23 60311841 72.98 68.14 170% 2023-24 10253.01 2099.27
9 2023-24 60311841 72.98 68.14 180% 2024-25 10856.13 2222.76
Dividend to be receive in 2016-17 to 2024-25 80013.71 16382.54

Projection of Dividend for next 9 years 2015- 16 to 2023- 24 based on previous 9 years 2006- 07 to 2014- 15
Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend to be received by Promoters
For the yearShares holding % Dividend Received DDT Setoff DDT Setoff Claim
Total TATA Sons Hidden Cost Total Cost
1 2015-16 40207894 72.98 68.14@18 2016-17 7237.42 1481.84 763.03 2244.87
2 2016-17 40207894 72.98 68.14@19 2017-18 7639.50 1564.16 805.42 2369.58
Bonus Share to be Issue in ratio of 1 : 2
3 2017-1860311841 72.98 [email protected] 2018-19 8142.1 1667.07 858.412525.48
4 2018-19 60311841 72.98 68.14@14 2019-20 8443.66 1728.81 890.2 2619.01
5 2019-2060311841 72.98 [email protected] 2020-218745.22 1790.55 922.0 2712.55
6 2020-2160311841 72.98 68.14@15 2021-22 9046.78 1852.30 953.79 2806.09
7 2021-2260311841 72.98 68.14@16 2022-239649.89 1975.78 1017.37 2993.16
8 2022-2360311841 72.98 68.14@17 2023-2410253.0 2099.27 1080.96 3180.23
9 2023-2460311841 72.98 68.14@18 2024-2510856.132222.76 1144.55 3367.3
Dividend to be receive in 2016-17to2024-25 80013.716382.54 8435.73 24818.3

Projection of Dividend for next 9 years 2015- 16 to 2023- 24 based on previous 9 years 2006- 07 to 2014- 15
Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend to be received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Total TATA Sons Claim Lost Claim Cost
1 2015-16 40207894 72.98 68.14 180% 2016-17 7237.42 1481.84 2244.87
2 2016-17 40207894 72.98 68.14 190% 2017-18 7639.50 1564.16 2369.58
Bonus Share to be Issue in ratio of 1 : 2
3 2017-18 60311841 72.98 68.14 135% 2018-19 8142.10 1667.07 2525.48
4 2018-19 60311841 72.98 68.14 140% 2019-20 8443.66 1728.81 2619.01
5 2019-20 60311841 72.98 68.14 145% 2020-21 8745.22 1790.55 2712.55
6 2020-21 60311841 72.98 68.14 150% 2021-22 9046.78 1852.30 2806.09
7 2021-22 60311841 72.98 68.14 160% 2022-23 9649.89 1975.78 2993.16
8 2022-23 60311841 72.98 68.14 170% 2023-2410253.01 2099.27 3180.23
9 2023-24 60311841 72.98 68.14 180% 2024-2510856.13 2222.76 3367.30
Dividend to be receive in 2016-17to2024-25 80013.71 16382.54 24818.27

“The time has come to stretch the envelope and set goals, which were earlier not seen to be possible.
The time has come for performance to be measured and to reach the people for whom they were intended.
The time has come to move from small increments to bold and large initiatives.” R N Tata

Projection of Dividend for next 9 years 2015-16 to 2023-24 based on previous 9 years 2006-07 to 2014-15
Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend to be received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Cost Addl. burden of Tax
Total TATA Sons Hidden Cost Total Lost
2015-16 40207894 72.98 68.14@18 2016-17 7237.42 2244.87 3726.71 5971.58
2016-17 40207894 72.98 68.14@19 2017-18 7639.50 2369.58 3933.75 6303.33
Bonus Share to be Issue in ratio of 1 : 2
2017-1860311841 72.98 [email protected] 2018-198142.10 2525.48 4192.55 6718.02
2018-19 60311841 72.98 68.14@14 2019-20 8443.66 2619.01 4347.82 6966.84
2019-20 60311841 72.98 [email protected] 2020-21 8745.22 2712.55 4503.1 7215.65
2020-21 60311841 72.98 68.14@15 2021-22 9046.78 2806.09 4658.38 7464.47
2021-22 60311841 72.98 68.14@16 2022-23 9649.89 2993.16 4968.94 7962.10
2022-23 60311841 72.98 68.14@17 2023-2410253.01 3180.23 5279.50 8459.73
2023-24 60311841 72.98 68.14@18 2024-2510856.13 3367.30 5590.06 8957.36
Dividend to be receive in 2016-17to2024-25 80013.7 24818.3 41200.8 66019.1

Projection of Dividend for next 9 years 2015-16 to 2023-24 based on previous 9 years 2006-07 to 2014-15
Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend to be received by Promoters
For the year Shares holding % Dividend Received DDT Setoff
Claim Lost Additional burden of Tax
Total TATA Sons Hidden Cost Total Lost
2015-16 40207894 72.98 68.14@18 2016-17 7237.42 1481.84 4489.74 5971.58
2016-17 40207894 72.98 68.14@19 2017-18 7639.50 1564.16 4739.17 6303.33
Bonus Share to be Issue in ratio of 1 : 2
2017-1860311841 72.98 [email protected] 2018-19 8142.1 1667.07 5050.96 6718.02
2018-19 60311841 72.98 68.14@14 2019-20 8443.66 1728.81 5238.03 6966.84
2019-2060311841 72.98 [email protected] 2020-21 8745.22 1790.55 5425.1 7215.65
2020-21 60311841 72.98 68.14@15 2021-22 9046.78 1852.30 5612.17 7464.47
2021-22 60311841 72.98 68.14@16 2022-23 9649.89 1975.78 5986.32 7962.10
2022-23 60311841 72.98 68.14@17 2023-2410253.01 2099.27 6360.46 8459.73
2023-24 60311841 72.98 68.14@18 2024-2510856.13 2222.76 6734.61 8957.36
Dividend to be receive in 2016-17to2024-25 80013.7 16382.5 49636.55 66019.1

Yes it’s true ‘Up and Downs’ are essential part of life. But what for those who are doing error even after knowing the fact and keep mum doing same negligence to satisfy their egoism. Responsible Authorities are least bothered for suffering of the Organisation on ‘Perpetual Basis’. And don’t dare to take corrective step even on awareness. Hence, rightful owner of the ideology not rewarded. So create culture of implementation and creative attitude in entire TATA group of Companies.

Projection of Dividend for next 9 years 2015- 16 to 2023- 24 based on previous 9 years 2006- 07 to 2014- 15
Portfolio Management- Promoters Stake: TATA Investment Corporation Ltd. Dividend to be received by Promoters
For the year Shares holding % Dividend Received DDT Setoff Lost Addl. burden of Tax Tax Planning recurringincome
Total TATA Sons Hidden Cost Total Lost TATA Sons TATA Co. Total
2015-16 40207894 72.98 68.14@18 2016-17 7237.42 1481.84 4489.74 5971.58 5971.58 1397.94 7369.51
2016-17 40207894 72.98 68.14@19 2017-18 7639.50 1564.16 4739.17 6303.33 5971.58 1440.33 7411.90
Bonus Share to be Issue in ratio of 1 : 2
2017-1860311841 72.98 [email protected] 2018-19 8142.1 1667.07 5050.96 6718.02 5971.58 1493.32 7464.89
2018-19 60311841 72.98 68.14@14 2019-20 8443.66 1728.81 5238.03 6966.84 5971.58 1525.11 7496.69
2019-2060311841 72.98 [email protected] 2020-218745.22 1790.55 5425.10 7215.65 5971.58 1556.90 7528.48
2020-21 60311841 72.98 68.14@15 2021-22 9046.78 1852.30 5612.17 7464.47 5971.58 1588.70 7560.27
2021-22 60311841 72.98 68.14@16 2022-23 9649.89 1975.78 5986.32 7962.10 5971.58 1652.28 7623.86
2022-23 60311841 72.98 68.14@17 2023-2410253.01 2099.27 6360.46 8459.73 5971.58 1715.87 7687.44
2023-24 60311841 72.98 68.14@18 2024-2510856.13 2222.76 6734.61 8957.36 5971.58 1779.45 7751.03
Dividend to be receive in 2016-17to2024-25 80013.7 16382.54 49636.5 66019.1 53744.19 1397.94 67894.07

Sky is the limit of betterment.
Save Rs.678.94Crores apart from Dividend distribution tax Setoff Claim u/sec.115-O (1) being reduction in hidden cost of tax being additional burden of tax bearing since 2007-08 and onward.

Thanking you to all for spare time to read and analyse/ try to understand the financial data as above.

Truly Yours

(Roopchand Bajaj) 91- 94143 50645
e-mail [email protected], [email protected]