It is a clearly defined document articulating the values and principles that have governed the manner in which Tata Group of Companies and their employees have conducted themselves over the past 120 years. This document serves as a guide to each employee on the values, ethics and business principles expected of him or her

It contains 25 clauses of which first 16 are to be followed by the Company and its employees while the rest 9 are exclusively for the employees to follow.

A Tata Company shall be committed in all its actions to benefit the economic development of the countries in which it operates and shall not engage in any activity that would adversely affect such objective. A Tata Company shall conduct its business affairs in accordance with economic development and foreign policies , objectives and priorities of the Nation's government

A Tata Company shall prepare and maintain its accounts fairly and accurately in accordance with the accounting and financial reporting standard of the country in which the Company operates. Internal accounting and audit procedure shall fairly and accurately reflect Company's business transactions and disposition of assets.

Any willful misrepresentation of financial accounts and reports shall be regarded as violation of the Code

A Tata Company shall fully strive for establishment and support of a competitive open market economy in India and abroad. It shall not engage in activities, which will make unfair and misleading statements, generate or support monopolies, dominant market positions, cartels and other unfair trade practices. It shall not make unfair and misleading statements about competitor's products and services

A Tata Company shall provide equal opportunities to all its employees and all qualified applicants for employment without any kind of discrimination. An employee will be treated with dignity and to maintain a work environment free from any kind of harassment. Employee policies will ensure providing equal opportunity in all matters to those eligible and decisions are merit-based.

shall neither receive nor offer directly or indirectly any illegal payments, gifts, donations etc.

No Company funds nor property shall be given as donation to any Govt. agencies for any favour.

No specific political party, candidate or campaign should be supported directly or indirectly.

A Tata Company shall strive to provide a safe and healthy environment and comply all regulations regarding environment protection.

A Tata Company shall be committed to supply goods and services of the highest quality standard backed by sufficient after sale service to ensure total customers' satisfaction

A Tata Company shall be committed to be a good corporate citizen not only in compliance with all relevant laws and regulations but also by improving the quality of life of the people by initiating community initiatives in the field of health, family welfare, water management, vocational training, literacy programme etc.

A Tata Company shall co-operate with another Tata Company by sharing physical, human and management resources without affecting its business. It will give preference to another Tata Company in procurement of product and services.

Parties like consultants, agents, sales representatives, contractors, suppliers etc. of a Tata Company shall not be authorised to represent that Tata Company if their business conduce and ethics are known to be inconsistent with the Code.

The use of Tata Brand is defined and regulated by the Tata Brand Equity & Business Promotion agreement which will govern its use.

A Tata Company shall recommend to its Board of Directors the adoption of policies and guidelines periodically formulated by Tata Sons.

A Tata Company shall be committed to enhance shareholder value and comply with all laws and regulations that govern shareholder's rights. It shall inform them about all relevant aspects of the Company's business in accordance with respective regulations and agreements.

Every employee of a Tata Company shall deal with professionalism, honesty, integrity, as well as high moral and ethical standards such conducts shall be fair and transparent and be perceived to be as such by third parties. Every employee shall be responsible for the implementation of and compliance with the Code. Failure to adhere to the Code could attract the most severe consequence including termination of employment.

Every employee shall comply with all applicable laws and regulations in all territories in which he operates, and the standard of the Code shall prevail if standard of set out laws in that territory are below that of the Code.

An employee of a Tata Company shall not, without prior permission of the M.D.,accept employment or position of responsibility with any other company, nor provide free-lance service.

An employee of a Tata Company or his close relatives shall not engage in any business, relationship or activity, which might detrimentally conflict with the interest of his Company or Group. In such a situation the employee concern shall make a disclosure by giving a declaration to the Management. Failure to make a disclosure will expose the concerned employee to severe disciplinary action.

An employee of a Tata company or his immediate family shall not derive any benefit or assist others to derive any benefit from their access to and possession of information about the company which are insider information.

All tangible and intangible assets of a Tata Company are to be protected.

An employee of a Tata Company is free to persue an active role in civic or political affairs in his private life as long as it does not affect adversely the business interest of the company or the group.

Every employee of a Tata Company shall ensure, at all times, the integrity of data furnished by him.

Every employee of a Tata Company shall promptly report to the Management any actual or possible violation of the Code.