1868: The foundation of what would grow to become the Tata Group was laid in 1868 by Jamsetji Nusserwanji Tata, then a 29-year-old who had learned the ropes of business while working in his father’s banking firm, when he established a trading company in Bombay. A visionary entrepreneur, an avowed nationalist and a committed philanthropist, Jamsetji Tata helped pave the path to industrialisation in India by seeding pioneering businesses in sectors such as steel, energy, textiles and hospitality.
1877: Empress Mills, a textiles venture set up in Nagpur in central India in 1877, was the first of the big industrial projects undertaken by the Tata Group. Jamsetji Tata was by this time, though, already gripped by what would the three great ideas of his life: setting up an iron and steel company, generating hydroelectric power and creating an institution that would tutor Indians in the sciences. None of these ideas would come to fruition while Jamsetji Tata lived, but they were realised in full measure by those who followed him.
1912: Tata companies presently employ over 540,000 people worldwide. Taking good care of this large family is a priority for the Group, and it has a tradition to stay true to while doing so. Tata Steel introduced eight-hour working days in 1912, well before it became statutory in much of the West, and the first Tata provident fund scheme was started in 1920 (governmental regulation on this came into force in 1952). The Tata townships, and the facilities they have, are another example of the manner in which the Group extends itself to care for its employees.
That is how the TATA GROUP came into existence.
It was the time 1991 when it’s all about to change when RATAN TATA took the chairmanship of the firm.
It was TATA which has achieved new horizons in telecom service to automobile. In 1996, Tata Teleservices was set up to tap into India’s burgeoning telecom market; in 1998, the Indica, India’s first indigenously made car, was successfully launched; in 2002, the Group acquired VSNL, India’s top international telecom service provider; in 2004, Tata Consultancy Services went public in the largest private sector initial public offering in the Indian stock market; and, in 2008, the trailblazing Tata Nano was unveiled.
Thing that to be learn from TATA GROUP is there UNITED WHOLE approach: This is no accident; rather, it is the outcome of a set of policies that have been emphasised and reinforced by former chairman Ratan Tata and the Group Corporate Centre, the top decision-making body in the Group. There’s more to the new-world Tata.
At last the global goals that TATA is looking for:
Now TATA is making global footprints all around the world and a successful approach it all started when the first big acquisition was by Tata Tea of Tetley back in 2000. In 2004, Tata Motors acquired the heavy vehicles unit of Daewoo Motors, South Korea; in 2005, Tata Steel acquired the Singapore-based NatSteel and Tata Chemicals secured a controlling stake in Brunner Mond Group, UK. The largest acquisition happened in 2007, when Tata Steel acquired Corus, the Anglo-Dutch giant, in a landmark deal, and in 2008 Tata Motors added the Jaguar and Land Rover brands to its stable.
With such a bright past and such a great and inspiring background TATA GROUP is making India proud and making the global market a better place.
We need great companies like TATA GROUP to come up and quality work they do which can’t be ignored.
By Harshvardhan singh
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