Tata Group to be the title sponsor of Asia's most prestigious marathon for 10 years
Global enterprise, The Tata group, with over 100 independent operating subsidiaries will be holding the crown of title sponsor of one of the world's top 10 marathons – the Mumbai Marathon. From 2018, India's most prestigious long distance race will be called the 'Tata Mumbai Marathon' with its 15th edition scheduled on 21st January next year.
The Tata Mumbai Marathon will be jointly sponsored by the Tata group and Tata Consultancy Services, one of the world's leading IT, business solutions and consulting organizations, for a period of ten years, beginning 2018, which marks the 150th anniversary year of the Tata group and the 50th anniversary year of Tata Consultancy Services. Till date, Tata group has served as an instrumental force in propelling Indian sports and has shown immense dedication to helping grow and develop the sporting fabric of India. The group has forged a strong bond with society through the various academies that they run at the grassroots level, the sporting legends they support, and their associations across a multitude of sporting disciplines including marathons, the epitome of participative sports.
Speaking on the occasion, N. Chandrasekaran, Chairman, Tata Sons, and a marathoner himself said, "We are delighted to become the title sponsor of the Tata Mumbai Marathon from 2018. Events like the marathon promote values like grit, tenacity, excellence, perseverance, belief, commitment, and passion that have been a key part of the Tata group's ethos since its inception, almost 150 years ago. According to him Partnering with the events will increase Tata's engagement with the community, raise funds for charity as well as create societal awareness about the necessity of good health and fitness.
Delighted with this new association, Vivek Singh, Joint MD, Procam International said, "It is a pleasure to welcome aboard the Tatas as title sponsors, as we celebrate a landmark 15th edition of the Mumbai Marathon. With a 10-year commitment to the event, the Tatas have shown us yet again their commitment to give back to the society through sport. We are honoured with their visionary approach and, as partners, we look forward to building a marathon legacy by providing participants across the world an extraordinary experience."
About the Tata group
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'. Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2015-16, the revenue of Tata companies, taken together, was $103.51 billion. These companies collectively employ over 660,000 people. Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of $130.13 billion (as on March 31, 2017). Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services,consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT,BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India's largest industrial conglomerate, TCS has over 385,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $17.58 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited. For more information, visit us at www.tcs.com.
View source version on Press Release Point