Question: Xerxes Desai was the first managing director of the company that was a joint venture between Tata Group and what other company?
Context: PVR Cinemas is a film entertainment company in India.  The company, which began as a joint venture agreement between Priya Exhibitors Private Limited and Village Roadshow Limited in 1995 with 60:40 ratio, began its commercial operations in June 1997.  The company is founded by Mr Ajay Bijli, who is the Chairman and Managing Director.  Ajay Bijli's brother Sanjeev Kumar Bijli is the Joint Managing Director of PVR Ltd.  The company also operates a pro- active CSR wing under PVR Nest. The Tata family is a prominent Indian business family, based in the Indian city of Mumbai.  Members of the family are related to the Tata Sons, which is the main holding company of the Tata Group and holds the bulk of shareholding in these companies.  The Tatas are a Parsi family who originally came to Mumbai from Navsari in the state of Gujarat by way of Persia.  The founder of the family’s fortunes was Jamsetji Tata.  The Tatas are the original founders of the Tata Sons associated with the Tata Group. Tata Housing Development Company (THDC) is a fully owned subsidiary of Tata Sons, a holding company of the Tata Group.  Established in the year 1984 by the late JRD Tata.  The company was revived in 2006 under the leadership of Brotin Banerjee, MD & CEO of Tata Housing Development Company Limited.  Since 2006 the company is developed into one of leading holistic real estate development company and has built many landmark projects across India.  Tata Housing pioneered the concept of low-cost housing aimed at economically weaker section of the society.  It has also pioneered the concept of sustainable green development with its first commercial project – Xylem in Bengaluru (Bengaluru's first sustainable IT park), the project was awarded Gold certification by LEED and since then each and every project of Tata Housing, from low-cost housing and affordable housing to ultra premium luxury projects, all are sustainable green developments duly certified by Indian Green Building Council.  The company currently has 45 million sq.ft under various stages of development.  In 2010, Tata Housing launched – Tata Value Homes, its 100% subsidiary to cater to low-cost and affordable housing in India in the price range of Rs. 4–10 Lacs, with the vision of bridging the huge shortfall of over 26 million households in India. Srinath Narasimhan (born July 8, 1962) is an Indian business executive.  He is the current Managing Director & Chief Executive Officer of Tata Teleservices, an Indian broadband and telecommunications service provider and part of the business conglomerate Tata Group.  Narasimhan joined the Tata Group in 1986, and has also served as the CEO of two other group companies, Tata Communications and Tata Internet Services. Tata Sons Limited is the holding company of the Tata Group and holds the bulk of shareholding in these companies.  It was established as a trading enterprise in 1868.  About 86% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family.  The biggest two of these trusts are the Sir Dorabji Tata Trust and Sir Ratan Tata Trust.  Tata Sons is the owner of the Tata name and the Tata trademarks, which are registered in India and several other countries.  TCS alone generates 70% revenues of its parent company, Tata Sons.  Natarajan Chandrasekaran took over as Chairman of Tata Sons on 21 February 2017. Tata Sky is a direct broadcast satellite television provider in India, using MPEG-4 digital compression technology, transmitting using INSAT-4A and GSAT-10 satellite.  Incorporated in 2004, Tata Sky is a joint venture between the Tata Group, and 21st Century Fox. Xerxes Desai was the first managing director of Titan Company, an Indian watchmaking company, and played an instrumental role in laying the foundation of the company. Natarajan Chandrasekaran (born 1963) is the chairman of Tata Sons.  Chandrasekaran took over as the CEO of Tata Consultancy Services (TCS) on November 6, 2009 prior to which he was COO and executive director of TCS.  Born in 1963, Chandra is one of the youngest CEOs within the Tata Group.  In January 2017, he was selected to become the next chairman of Tata Sons.  He assumed chairmanship on 21 February 2017 and soon after was announced the chairman of Tata Motors.  on July 3, he was appointed as chairman of Tata Global Beverages.  He is the first non Parsi and professional executive to head the Tata Group. Tata AIG General Insurance Company Limited (Now Called TATA AIA) is an Indian general insurance company, and a joint venture between the Tata Group and American International Group (AIG).  Tata Group holds 74 per cent stake in the insurance venture with AIG holding the balance 26 percent.  Tata AIG General Insurance Company, which started its operations in India on 22 January 2001, provides insurance to individuals and corporates.  It offers a range of general insurance products including insurance for automobile, home, personal accident, travel, energy, marine, property and casualty as well as several specialized financial lines.  The Company's products are available through various channels of distribution like agents, brokers, banks (through bank assurance tie ups) and direct channels like Titan Company Limited (earlier known as Titan Industries Limited) is an Indian luxury goods company.  It is a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO).
Answer: Tamil Nadu Industrial Development Corporation