holding company

TD Bank Group, the Canadian parent holding company, hasn’t downplayed the gravity of the charges.

Last month Harland and Wolff’s holding company collapsed into administration while the separate operational companies which run the yards continue to trade.

At both Tata Sons, the holding company, as well as individual groups within it, he appointed foreigners, non-resident Indians and executives with contacts and networks across the world in the management team.

Tata Sons, the holding company of the group, has a "number of companies that includes privately held and publicly traded companies, yet they are in essence all owned by a philanthropic trust", he explains.

In 2012, he retired as chairman of the group and was appointed chairman emeritus of Tata Sons, the group's holding company.