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Explanation: Promoters are individuals or entities who founded or established a company and played a significant role in its incorporation and initial growth. They typically have a substantial stake in the company’s equity and are responsible for its strategic direction and management. Promoters often hold key leadership positions within the company, such as Chairman, Managing Director, or CEO, and actively participate in decision-making processes.
Example: As of December 2023, the promoters of TCS hold a 72.41% shareholding in the company. This indicates that the individuals or entities who founded TCS continue to have a significant ownership interest in the company. Promoters often play a crucial role in shaping the company’s long-term vision, strategy, and corporate governance practices, influencing its overall performance and growth trajectory.
You can view the list of Promoters of any company on Radar in the ShareHolding section.