There is a little bit of Tata in every Indian life. The steel for the Howrah Bridge in Kolkata came from Tata Steel. The bridge still stands tall like Tata group. Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra. Founded in 1868 by Jamshedji Tata, the Tata group completes 150 years in 2018. Tata is a global business group with products and services in over 150 countries, over 695,000 employees and operations in over 100 countries. There are 29 publicly listed Tata enterprises with a combined market capitalisation of about $151.62 billion as of March 1, 2018. Tata Group history is also the history of the Indian industry. But when one talks of Tata one talks about not only its businesses but also about its Philanthropy. Tata Group has helped establish and finance numerous research, educational and cultural institutes in India, and received the Carnegie Medal of Philanthropy. “It has given back to the community that it has lived in and served,”
History of Tata Group
The Tata group’s long and illustrious history is intertwined with stories of pioneering leaders, iconic institutions, business excellence and innovation, and committed employees who have helped shape India and secure her place among the league of industrialised nations, and helped Tata become one of India’s most valuable brands. “Between the founder and now, there have been five chairmen—three were knighted and one is a Bharat Ratna,” “How many groups can claim that quality of leadership? The image below from The week tries to capture the history of Tata group.
It all began with Jamsetji’s vision of building India’s first steel mill and hydro power plant that would galvanise industry in India. His most important contribution though was to create an aspirational idea of India where Indian entrepreneurship could claim its place proudly on the global stage with other industrialised nations.
He was energised by the patriotic idealism of a man who not only wanted to create an empire but to root it in humanism. That he envisioned the House of Tatas spanning generations at a time when India was colonised and was crushed by poverty is even more remarkable.
Explore More About Tata
Tata group has some excellent web pages which you explore to know about Tata group, their evolution, their leaders and value systems. Do visit their website tata.com to know about their brands and products.
Sudha Murthy on the beginning of an association that would change her life in more ways than one . How Sudha Murthy wrote letter to Tata about gender discrimination “The great Tatas have always been pioneers. They are the people who started the basic infrastructure industries in India, such as iron and steel, chemicals, textiles and locomotives. They have cared for higher education in India since 1900 and they were responsible for the establishment of the Indian Institute of Science. Fortunately, I study there. But I am surprised how a company such as Telco is discriminating on the basis of gender.”
Swami Vivekananda on Jamsetji’s IISc Proposal Tata Group founder, Jamsetji Nusserwanji Tata and Swami Vivekananda met onboard a ship and had discussed the idea of establishing a research institute in India along the lines of such institutions abroad and it led to Indian Institue of Science in 1931
Why Ratan Tata Is Not In The List Of The World’S Richest? Why Is Mukesh Ambani The Richest Person In India And Not Ratan Tata?
When asked about Why Is Mukesh Ambani The Richest Person In India And Not Ratan Tata? Mr. Ratan Tata he smartly answered it in single line. “We are Industrialist and they are businessmen”.
TATA Group is running 96 businesses and out of which 28 Companies are publicly listed on the various stock exchanges. Tata Group is world’s top 50 Group according to Market capitalization and Reputation. Then why Ratan Tata’s name not in the list of billionaire’s club?
TATA’s donate 66% of their profit right away. About 65% of equity of Tata Sons is held by philanthropic trusts endowed by members of Tata family. Thus, the profit made by many enterprises goes to charitable organizations and is not added in Ratan Tata’s personal financial statement.
The Tata family has been involved in philanthropic work since their establishment. They have contributed a lot to the betterment of healthcare facilities, improving the education system, fighting for equal rights, sports, and preservation of arts in India and international. They were awarded the Carnegie Medal of Philanthropy in 2007. Tata group donated ₹ 2.20 billion ($50 million) to the Harvard Business School, the largest amount received by the institute from an international donor.
Tata is a global business group with products and services in over 150 countries, over 695,000 employees and operations in over 100 countries
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