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should be clarified or removed. (November 2011)Tata Group
Type
Private
Industry
Conglomerate
Founded
1868
Founder(s)
Jamsetji Tata
Headquarters Mumbai, Maharashtra, India
Area served
Worldwide
Key people
Cyrus Pallonji Mistry (Chairman)[1]
Automotive, steel, information technology, Products electricity
generation, chemicals, beverages, telecom, hospitality, retail,
consumer goods, engineering goods US$ 100 billion (2011-12)[2] US$
5.23 billion (2011-12)[2] US$ 77.7 billion (2011-12)[2]
Revenue
Profit
Total assets
Owner(s)
Tata Sons (Promoter) 455,947 (2011-12)[2]
Employees
Subsidiaries
List of subsidiaries
Website
www.tata.com
Tata Group is an Indian multinational conglomerate company
headquartered in Mumbai, Maharashtra, India.[3] It encompasses
seven business sectors: communications and information technology,
engineering, materials, services, energy, consumer products and
chemicals. Tata Group was founded in 1868 by Jamsetji Tata as a
trading company. It has operations in more than 80 countries across
six continents. Tata Group has over 100 operating companies each of
them operates independently out of them 32 are publicly listed.[4]
The major Tata companies are Tata Steel, Tata Motors, Tata
Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global
Beverages, Tata Teleservices, Titan Industries, Tata Communications
and Taj Hotels.[5] The combined market capitalisation of all the 32
listed Tata companies was $89.88 billion as of March 2012. Tata
receives more than 58% of its revenue from outside India.[6] Tata
Group remains a family-owned business, as the descendants of the
founder (from the Tata family) owns majority stake in the company.
The current chairman of the Tata group is Cyrus
Pallonji Mistry, who took over from Ratan Tata in 2012.[7] Tata
Sons is the promoter of all key Tata companies and holds the bulk
of shareholding in these companies. The chairman of Tata Sons has
traditionally been the chairman of the Tata group. About 66% of the
equity capital of Tata Sons is held by philanthropic trusts endowed
by members of the Tata family. The Tata Group is perceived to be
India's best-known global brand within and outside the country as
per an ASSOCHAM survey.[8] The 2009, annual survey by the
Reputation Institute ranked Tata Group as the 11th most reputable
company in the world.[9] The survey included 600 global companies.
The Tata Group has helped establish and finance numerous quality
research, educational and cultural institutes in India.[10][11] The
group was awarded the Carnegie Medal of Philanthropy in 2007 in
recognition of its long history of philanthropic
activities.[12]
Contents[hide]
1 =History o 1.1 List of Tata Group Chairmen o 1.2 Subsidiaries
o 1.3 Acquisitions o 1.4 Philanthropy o 1.5 Controversies and
criticisms 1.5.1 Munnar, Kerala 1.5.2 Kalinganagar, Orissa 1.5.3
Dow Chemical, Bhopal Gas Disaster 1.5.4 Supplies to Burmas military
regime 1.5.5 Land acquisition in Singur 1.5.6 Dhamra Port 1.5.7
Soda extraction plant in Tanzania o 1.6 Recognition o 1.7 See also
o 1.8 References o 1.9 External links
[edit] =HistoryThe Tata Group was founded as a private trading
firm in 1868 by entrepreneur and philanthropist Tata.[13] In 1902
the group incorporated the Indian Hotels Company to commission the
Taj Mahal Palace & Tower, the first luxury hotel in India,
which opened the following year. After Jamsetjis death in 1904, his
son Sir Dorab Tata took over as chair of the Tata Group. Under
Dorabs leadership the group quickly diversified, venturing into a
vast array of new industries, including steel (1907), electricity
(1910), education (1911), consumer goods (1917), and aviation
(1932).[14]
Following Dorabs death in 1932, Sir Nowroji Saklatwala became
the groups chair. Six years later Jehangir Ratanji Dadabhoy Tata
(J.R.D.) took over the position. His continued expansion of the
company into new sectorssuch as chemicals (1939), technology
(1945), cosmetics (1952), marketing, engineering, and manufacturing
(1954), tea (1962), and software services (1968) earned Tata Group
international recognition. In 1945 Tata Group established the Tata
Engineering and Locomotive Company (TELCO) to manufacture
engineering and locomotive products; it was renamed Tata Motors in
2003. In 1991 J.R.D.s nephew, Indian business mogul Ratan Naval
Tata, succeeded him as chairman of the Tata Group.[15] Upon
assuming leadership of the conglomerate, Ratan aggressively sought
to expand it, and increasingly he focused on globalizing its
businesses. In 2000 the group acquired London-based Tetley Tea, and
in 2004 it purchased the truck-manufacturing operations of South
Koreas Daewoo Motors. In 2001 Tata Group partnered with American
International Group, Inc. (AIG) to create the insurance company
Tata-AIG.
[edit] List of Tata Group Chairmen
Jamsetji Tata (18871904) Dorabji Tata (19041932) Nowroji
Saklatwala (19321938) J. R. D. Tata (19381991) Ratan Tata
(19912012) Cyrus Mistry (2012present)
[edit] SubsidiariesMain article: List of entities associated
with Tata Group
Bombay House, the head office of Tata Group
Tata Bus
Tata Nano
Packages of Tata Tea
HimalayanTata Mineral Water
Tata bus in Sri Lanka This section lists the Tata companies and
details their business: Chemicals
Tata Chemicals Rallis India Tata Pigments Limited General
Chemical Industrial Products Brunner Mond Advinus Therapeutics
Magadi Soda Company
Consumer Products
Tata Salt I-shakti Casa Dcor Tata Swach Tata Global
Beverages
Tata Tea Limited is the world's second largest manufacturer of
packaged tea and tea products.
Eight O'Clock Coffee Tata Ceramics Infiniti Retail (Crom) Tetley
Tata Coffee Tata Industries Titan Industries Trent (Westside) Tata
Sky TajAir Tata International Ltd. Tanishq Tata Refractories
Westland
Energy
Tata Power is one of the largest private sector power companies.
Tata BP Solar, a joint venture between Tata Power and BP Solar
Hooghly Met Coke and Power Company Jamshedpur Utilities and
Services Company Tata Power Delhi Distribution Ltd (Formerly Known
as North Delhi Power Ltd) Powerlinks Transmission Tata Power
Trading Tata Projects
Engineering
TAL Manufacturing Solutions Tata AutoComp Systems Limited (TACO)
Hispano Carrocera Tata Motors, manufacturer of commercial vehicles
(largest in India) and passenger cars o Jaguar Land Rover (Manager
of Tata's British brands Jaguar cars and Land Rover o Tata Daewoo
Commercial Vehicle Tata Projects Tata Consulting Engineers Limited
Tata Cummins Telco Construction Equipment TRF Voltas, consumer
electronics company Voltas Global Engineering Centre Tata Advanced
Materials Tata Advanced Systems Tata Motors European Technical
Centre Tata Petrodyne Tata Precision Industries Telcon Construction
Equipment
Information Systems and Communications
Computational Research Laboratories INCAT Nelco Nelito Systems
Tata Business Support Services Tata Consultancy Services Ltd. (TCS)
is Asia's largest software company. Tata Elxsi Neotel Tata
Interactive Systems Tata Technologies Limited Tata Teleservices
Virgin Mobile India Tata Communications CMC Limited VSNL
International Canada Tatanet, Managed connectivity and VSAT service
provider Tata Teleservices Tata Teleservices (Maharashtra)
Services
Tata Sons
TKM Global ( Logistics and Supply Chain ) www.tkmglobal.net
The Indian Hotels Company Ginger Hotels Roots Corporation
Landmark Bookstores Tata Housing Development Company Ltd. (THDC)
Tata Limited TATA AIG General Insurance TATA AIG Life Insurance
Tata AG Tata Asset Management Tata Financial Services Tata Capital
Tata International AG Tata Investment Corporation Tata Advanced
Systems Limited Drive India Enterprise Solutions Mjunction services
Tata Quality Management Services Tata Realty and Infrastructure
Limited Tata Interactive Systems Tata Africa Holdings Tata AutoComp
Systems Tata Industrial Services Tata NYK Tata Services Tata
Strategic Management Group Taj Hotels
Steel
Tata Steel Tata Steel Europe Tata Steel KZN Tata Steel
Processing and Distribution JAMIPOL NatSteel Holdings Tata
BlueScope Steel Tata Metaliks Tata Sponge Iron Tayo Rolls The
Tinplate Company of India TM International Logistics
Core Sciences
Tata Institute of Fundamental Research
Tata Institute of Social Sciences
[edit] Acquisitions
February 2000 Tetley Tea Company, $407 million[16] March 2004
Daewoo Commercial Vehicle Company, $102 million August 2004
NatSteel's Steel business, $292 million November 2004 Tyco Global
Network, $130 million July 2005 Teleglobe International Holdings,
$239 million October 2005 Good Earth Corporation December 2005
Millennium Steel, Thailand, $167 million December 2005 Brunner Mond
Chemicals, $120 million June 2006 Eight O'Clock Coffee, $220
million November 2006 Ritz Carlton Boston, $170 million January
2007 Corus Group, $12 billion[17] March 2007 PT Kaltim Prima Coal
(KPC) (Bumi Resources), $1.1 billion April 2007 Campton Place
Hotel, San Francisco, $60 million January 2008 Imacid Chemical
Company, Morocco[6] February 2008 General Chemical Industrial
Products, $1 billion March 2008 Jaguar Cars and Land Rover, $2.3
billion March 2008 Serviplem SA, Spain April 2008 Comoplesa Lebrero
SA, Spain May 2008 Piaggio Aero Industries S.p.A., Italy June 2008
China Enterprise Communications, China June 2008 Neotel, South
Africa October 2008 Miljo Grenland / Innovasjon, Norway
[edit] PhilanthropyThe Tata Group has helped establish and
finance numerous quality research, educational and cultural
institutes in India.[10][11] The Tata Group was awarded the
Carnegie Medal of Philanthropy in 2007 in recognition of the
group's long history of philanthropic activities.[12] Some of the
institutes established by the Tata Group are:
Tata Institute of Fundamental Research Tata Institute of Social
Sciences Indian Institute of Science National Centre for Performing
Arts Tata Management Training Centre Tata Memorial Hospital Tata
Football Academy Tata Cricket Academy Tata Trusts, a group of
philanthropic organisations run by the head of the business
conglomerate Tata Sons[18] The JRD Tata Ecotechnology Centre
The Energy and Resources Institute (earlier known as Tata Energy
and Research Institute) a non governmental research institute.
The Tata Group has donated a Rs. 220 crore ($50 million) to the
prestigious Harvard Business School (HBS) to build an academic and
a residential building on the institutes campus in Boston,
Massachusetts. The new building will be called the Tata Hall and
used for the institutes executive education programmes.[19] The
amount is the largest from an international donor in the business
school's 102-year-old existence. The recent The Brand Trust
Report,[20] 2011 has ranked TATA as the second most trusted brands
of India. In a 2011 investor poll conducted by equity research firm
Equitymaster, TATA Group was voted as the most trustworthy among
the Indian corporate houses.[21] Over 61% of the respondents
"showed their confidence in the Tata Group". The Tata Group
retained its "Most Trustworthy" status in the 2012 edition of the
poll.
Ratan Tata, the former chairman of Tata Group. One Tata project
that brought together Tata Group companies (TCS, Titan Industries
and Tata Chemicals) was developing a compact, in-home
water-purification device. It was called Tata swach which means
clean in Hindi and would cost less than 1000 rupees (US $21). The
idea of Tata swach was thought of from the 2004 tsunami in the
Indian Ocean, which left thousands of people without clean drinking
water. This device has filters that last about a year long for a
family of five. It is a low-cost product available for people who
have no access to safe drinking water in their homes.[22] The
advantage of this device is that it does not require the use of
electricity.[23] TCS also designed and donated an innovative
software package that teaches illiterate adults how to read in 40
hours. The children of the people who have been through our
literacy program are all in school, says Pankaj Baliga, global head
of corporate social responsibility for TCS.[22]
In 1912, Tata Group expanded their CEOs concept of community
philanthropy to be included in the workplace. They instituted an
eight-hour workday, before any other company in the world. In 1917,
they recommended a medical-services policy for Tata employees. The
company would be among the first worldwide to organise modern
pension systems, workers compensation, maternity benefits, and
profit-sharing plans.[22] Trusts created by Tata Group control
65.8% of company shares,[24] so it can be said that about 66% of
the profits of Tata Group go to charity.[25] The charitable trusts
of Tata Group fund a variety of projects, for example the Tata
Swach and the TCS project. They founded and still support such
cherished institutions as the Indian Institute of Science, Tata
Institute of Fundamental Research, the National Centre for the
Performing Arts and the Tata Memorial Hospital. Each Tata Group
company channels more than 4 percent of its operating income to the
trusts and every generation of Tata family members has left a
larger portion of its profit to them.[22] After the Mumbai attacks,
Salaries of then heavily attacked Taj Hotel employees were paid
despite the hotel being closed for reconstruction. About 1600
employees were provided food, water, sanitation and first aid
through employee outreach centres. Ratan Tata personally visited
families of all the employees that were affected. The employees
relatives were flown to Mumbai from outside areas and were all
accommodated for 3 weeks. Tata also covered compensation for
railway employees, police staff, and pedestrians. The market
vendors and shop owners were given care and assistance after the
attacks. A psychiatric institution was established with the Tata
Group of Social Science to counsel those who were affected from the
attacks and needed help. Tata also granted the education of 46
children of the victims of the terrorist attacks.[26][27]
[edit] Controversies and criticismsDespite their public
commitment to philanthropy the Tata group has attracted several
controversies and criticisms. Here are some:
[edit] Munnar, KeralaThe Kerala Government had filed an
affidavit in the high court saying that Tata Tea had 'grabbed'
forest land of 3,000 acres (12 km2) at Munnar. The Tatas, on the
other hand, say they possess 58,741.82 acres (237.7197 km2) of
land, which they are allowed to retain under the Kannan Devan Hill
(Resumption of Lands) Act, 1971, and there is a shortage of 278.23
hectares in that. The then Chief Minister of Kerala V.S.
Achuthanandan, who vowed to evict all government land in Munnar,
formed a special squad for the Munnar land takeover mission and
started acquiring back of the encroached government properties.
However, later he had to abort the mission as there were many
influential land grabbers and faced opposition from his own
party.
[edit] Kalinganagar, OrissaOn 2 January 2006, policemen at
Kalinganagar, Orissa, opened fire at a crowd of tribal villagers.
The villagers were protesting the construction of a compound wall
on land historically owned by
them, for a Tata steel plant. Some of the corpses were returned
to the families in a mutilated condition. When pushed for comment,
TATA officials said the incident was unfortunate but that it would
continue with its plans to set up the plant.[28]
[edit] Dow Chemical, Bhopal Gas DisasterIn November 2006,
survivors of the Bhopal gas disaster were outraged by Ratan Tatas
offer to bail out Union Carbide and facilitate investments by
Carbides new owner Dow Chemical. Tata had proposed leading a
charitable effort to clean up the toxic wastes abandoned by Carbide
in Bhopal. At a time when the Government of India has held Dow
Chemical liable for the clean-up and requested Rs. 100 crores from
the American MNC, survivors groups felt that Tatas offer was aimed
at frustrating legal efforts to hold the company liable, and
motivated by a desire to facilitate Dows investments in
India.[29]
[edit] Supplies to Burmas military regimeTata Motors reported
deals to supply hardware and automobiles to Burmas oppressive and
antidemocratic military junta has come in for criticism from human
rights and democracy activists. In December 2006, Gen. Thura Shwe
Mann, Myanmars chief of general staff visited the Tata Motors plant
in Pune.[30] In 2009, TATA Motors announced that it would press
ahead with plans to manufacture trucks in Myanmar.[31][32]
[edit] Land acquisition in SingurThe Singur controversy[33] in
West Bengal led to further questions over Tatas social record, with
protests by locals and political parties(though the involvement of
Mamata Banerjee's party is widely criticized as an act for
political gains) over the forced acquisition, eviction and
inadequate compensation to those farmers displaced for the Tata
Nano plant. As the protests grew, and despite having the support of
the Communist Party of India (Marxist) state government, Tata
eventually pulled the project out of West Bengal, citing safety
concerns. The Singur controversy was one of the few occasions when
Ratan Tata was forced to publicly address criticisms and concerns
on any environmental or social issue. Ratan Tata subsequently
embraced Narendra Modi, the Chief Minister of Gujarat, who quickly
made land available for the Nano project.[34]
[edit] Dhamra PortOn the environmental front, the Port of
Dhamara controversy has received significant coverage, both within
India and in Tatas emerging global markets.[35][36] The Dhamra
port, a venture between Tata Steel and Larsen & Toubro, has
come in for criticism for its proximity to the Gahirmatha Sanctuary
and Bhitarkanika National Park, from Indian and international
organisations, including Greenpeace. Gahirmatha Beach is one of the
worlds largest mass nesting sites for the Olive Ridley Turtle and
Bhitarkanika is a designated Ramsar site and Indias second largest
mangrove forest. TATA officials have denied that the port poses an
ecological threat, and stated that mitigation measures are being
employed with the advice of the IUCN.[37] On the other hand,
conservation organisations, including Greenpeace, have pointed
out that no proper Environment Impact Analysis has been done for
the project, which has undergone changes in size and specifications
since it was first proposed and that the port could interfere with
mass nesting at the Gahirmtha beaches and the ecology of the
Bitharkanika mangrove forest.[38][39] Protests by Greenpeace to
Dhamra Port construction is also alleged to be less on factual data
and more on hype and DPCL's (Dhamra Port Company Limited) response
to Greenpeace questions harbours on these facts.[40][41]
[edit] Soda extraction plant in TanzaniaTata group, along with a
Tanzanian company, joined forces to build a soda ash extraction
plant in Tanzania.[42] The Tanzanian government is all for the
project.[42] On the other hand, environmental activists are
opposing the plant because it would be near Lake Natron, and it
could possibly affect the lake's ecosystem and its neighbouring
dwellers.[43] Tata was planning to change the site of the plant so
it would be built 32 km from the lake, but the opposition still
thinks it would negatively disturb the environment.[43] It could
also jeopardise the Lesser Flamingo birds there, which are already
endangered. Lake Natron is where two thirds of Lesser Flamingos
reproduce.[44] Producing soda ash involves drawing out salt water
from the lake, and then disposing the water back to the lake. This
process could interrupt the chemical make up of the lake.[42]
Twenty-two African nations are against the creation of the project
and have signed a petition to stop its construction.[42]
[edit] RecognitionThe international brand consultancy Brand
Finance has ranked the over $100-billion conglomerate, Tata Group,
as 50th most valuable brand in the world. The most recent Global
500 report by Brand Finance shows that despite the controversies,
Tata Group's brand value has soared to $15.08 billion for the
current year compared to $11.2 billion last year in 2010.[45]
[edit] See alsoMumbai portal Companies portal Cars portal
Pallonji Mistry Noel Tata Sir Dorabji Tata and Allied Trusts
Tata Sons Tata Communications
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[edit] External links
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Jamsetji Nasarwanji Tata3 March 1839 Navsari, Gujarat
Born
Died
19 May 1904 (aged 65) Bad Nauheim, German Empire Indian
Nationality
Occupation
Founder of Tata Group
Religion Spouse(s)
Zoroastrianism Hirabai Daboo
Parents
Nusserwanji and Jeevanbai Tata
Tata Steel OUR MISSION Consistent with the vision and values of
the founder Jamsetji Tata, Tata Steel strivesto strengthen India s
industrial base through the effective utilisation of staff
andmaterials. The means envisaged to achieve this are high
technology and productivity,consistent with modern management
practices. Tata Steel recognises that while honesty and integrity
are the essential ingredients of a strong and stable enterprise,
profitability provides the main spark for economicactivity.Overall,
the Company seeks to scale the heights of excellence in all that it
does in anatmosphere free from fear, and thereby reaffirms its
faith in democratic values. OUR VISIONNotes on Vision 2007 To seize
the opportunities of tomorrow and create a future that willmake us
an EVA positive company:
To be on the lookout for and shape theopportunities to get the
first-mover advantage and remain ahead of
competition. The opportunities could exist in emerging
technologies, newbusiness models, value creation, customer service,
new products, services orbusinesses, financing options etc. To
mobilize all resources and effortsthrough value based management
that will help us earn returns better thanthe cost of capital. The
equation below shows that the EVA is positive whenthe RONA is
greater than the cost of the capital invested. EVA = (RONA WACC) X
Invested CapitalEVA Economic Value AddRONA Return on Net Assets (=
Net Operating Profit After Tax/ Net Assets)WACC Weighted Average
Cost of CapitalOur resolve to become EVA positive is significant in
the context of industry structurefor steel business worldwide.
There are few steel companies that have returned valueconsistently.
We believe that Tata Steel can do so based on its strengths and
newinitiatives. To continue to improve the quality of life of our
employees and thecommunities we serve. Tata Steel will continue to
be guided by the TATAgroups endeavour to improve the quality of
life of the communities we serve(e.g. Customers, customers
customers, suppliers, governments, shareholders,local community
etc). The company has always tried to maintain a goodquality of
life for its employees. The company, ahead of any
legislation,introduced provident fund, maternity leave, eight hour
working etc. Similarspirit will continue to guide our future
efforts in improving the quality of life of our employees.
Revitalize the core business for a sustainable future: The core
businessis sought to be revitalized by a comprehensive set of
initiatives under theASPIRE program. Aspirational initiatives will
be taken in each area of ourenterprise to reduce costs and enhance
revenues coupled with financeprudence to galvanize the core
business into an attractive investment option.By making the core
business EVA positive we wish to ensure its long
termsustainability. Venture into new businesses that will own a
share of our future: Bythe year 2007 we expect to enter into at
least one major new business thatwould have grown comparable in
size to the core business. We also expect tocontinuously evaluate
and expand the new businesses to compliment thecyclical nature of
the steel business. Uphold the spirit and values of TATAs towards
nation building: Evenas the face of the new business may be
fundamentally different from ourexisting core businesses what will
bind them together will be the spirit and thevalues of TATAs. It is
our belief that upholding these values will continue to bethe
reason for our enduring success and respectability.
SponsoredLinks
Ratan Tata Biography : Tata Group Chairman Famous for : Being a
wealthy billionaire Indian businessman and chairman of theTata
Group, one of the largest conglomerate companies in India. Tata
details : Born - 28th of December, 1937 Mumbai, India / Lives
India::: Woopidoo>Business People Home > Ratan Tata Bio
Biography - InformationRatan Tata became the Chairman of the Tata
Group in 1981 after serving as Chairman incharge of the Nelco
division of the group. Tata is India's largest conglomerate and
includes thebrands Tata Motors, Tata Steel, Tata Power, Indian
Hotels, as well as other brands labeledunder the Tata name.Ratan
Tata was born on December 28, 1937 in Mumbai, India in one of the
richest families inthe country. His great grandfather, Jamsedji
Tata, was the founder of the Tata group andpassed the power and
inheritance down to his family. Ratan Tata grew up in a
brokenhousehold, however, after his parents split in the mid-1940s
and he and his brother were raisedby their grandmother, Lady
Navajbai.Tata was a good student and studied hard at the Campion
School in Mumbai followed bystudies in architecture and structural
engineering at Cornell University. He graduated with hisbachelors
degree in 1962 and joined the Tata Group in December of that same
year. Tata's first job with the Group involved working with the
Tata Steel division where he worked with the blue-collar employees
shoveling stone and working with the furnaces.Although this
original job was physically difficult, it helped Ratan Tata gain a
better understanding and appreciation for the business and he
gradually began taking on moreresponsibility. In 1971, Tata became
Director-in-Charge of the National Radio & ElectronicsCompany
Limited (Nelco) in order to help its struggling finances. Ratan
Tata helped build abetter consumer electronics division but the
economic recession and union strikes preventedhis vision from
taking hold.Tata was eventually moved to Empress Mills in 1977, a
struggling textile mill within the TataGroup. Ratan Tata renewed
the vision for the mill but the larger Tata Group was not
inagreement with his advice. Instead, the mill was shut down and
liquidated in 1986, to Tata'sdisappointment, and he was moved to
the Tata Industries, another holding company.With Tata Industries,
Ratan Tata was able to transform the management and vision of
thedivision and bring in significantly larger dividends. This
renewed financial success helped bringthe Tata Group to the New
York Stock Exchange and gave the company even moreinternational
power and prestige. Ratan Tata
continued to acquire different industries for theTata Group,
eventually purchasing the steel an aluminum producer, Corus Group
as well as
The long journey of Tata Steel has seen the Company re-define
its performance parameters in a number of ways to become the global
steel industry benchmark for value creation and corporate
citizenship. It ensures a total commitment to its ethical business
practices and a people oriented vision.
VisionWe aspire to be the global steel industry benchmark for
Value Creation and Corporate Citizenship
We make the difference through:Our People By fostering teamwork,
nurturing talent, enhancing leadership capability and acting with
pace, pride and passion.
Our Offer By becoming the supplier of choice, delivering premium
products and services and creating value for our customers.
Our Innovative Approach By developing leading edge solutions in
technology, processes and products.
Our Conduct By providing a safe workplace, respecting the
environment, caring for our communities and demonstrating high
ethical standards.
Archives
Mission
Consistent with the vision and values of the founder Jamsetji
Tata, Tata Steel strives to strengthen Indias industrial base
through the effective utilization of staff and materials. The means
envisaged to achieve this are high technology and productivity,
consistent with modern management practices.
Tata Steel recognizes that while honesty and integrity are the
essential ingredients of a strong and stable enterprise,
profitability provides the main spark for economic activity.
Overall, the Company seeks to scale the heights of excellence in
all that it does in an atmosphere free from fear, and thereby
reaffirms its faith in democratic values.
The Tata Group: MilestonesBy Team Entrepreneur|
16 January 2010
1868 Jamsetji Nusserwanji Tata starts a private trading firm,
laying the foundation for the Tata Group. 1874 The Central India
Spinning, Weaving and Manufacturing Company is set up, marking the
groups entry into textiles and its first large-scale industrial
venture. 1902 The Indian Hotels Company is incorporated to set up
the Taj Mahal Palace and Tower in 1903. 1904 Jamsetjis eldest son
Sir Dorab Tata takes over. 1907 The Tata Iron and Steel Company
(now Tata Steel) is established to set up Indias first iron and
steel plant in Jamshedpur. 1910 The first of the three Tata
Electric Companies, The Tata Hydro-Electric Power Supply Company is
set up. 1934 Nowroji Saklatwala holds temporary reins. 1938 JRD
Tata brings control back to the family. 1939 Tata Airlines is
established, opening up the aviation sector in India. Tata
Chemicals, now the largest producer of soda ash in the country, is
established.
1945 Tata Engineering and Locomotive Company (renamed Tata
Motors in 2003) is established to manufacture locomotive and
engineering products. 1952 Jawaharlal Nehru, Indias first Prime
Minister, requests the Group to manufacture cosmetics in India,
leading to the setting up of Lakme. 1954 Indias major marketing,
engineering and manufacturing organization, Voltas, is established.
1962 Tata Finlay (now Tata Tea), one of the largest tea producers,
is established. 1968 Tata Consultancy Services (TCS), Indias first
software services company, is established. 1991 Ratan Tata brings
in the new guard. 1996 Tata Teleservices (TTSL) is established to
lead the groups foray into the telecom sector. 1998 Tata Indica
Indias first indigenously designed and manufactured car is launched
by Tata Motors,. 2000 Tata Tea acquires the Tetley group, UK. This
is the first major acquisition of an international brand by an
Indian business group. 2001 Tata AIG a joint venture with the
American International Group Inc (AIG) marks the Tata re-entry into
insurance. 2002 Tata Sons acquires a controlling stake in VSNL,
renaming it Tata Communications in 2008. 2006 Tata Sky satellite
television service launched across the country. 2007 Tata Steel
acquires the Ango-Dutch steel maker Corus, and emerges as the
worlds fifthlargest steel producer. 2008 Tata Motors unveils Tata
Nano, the Peoples Car, and acquires the Jaguar and Land Rover
brands from the Ford Motor Company. Entrepreneur October 2009
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Tags: Jamsetji Nusserwanji Tata, Jawaharlal Nehru, JRD Tata,
milestones, Ratan Tata, Tata, Tata GroupIndias first fully
indigenous passenger car and Tata Safari Indias first sports
utility vehicle launched. 2 millionth vehicle rolled out.
2000CNG buses launched.
2001100,000th Indica rolled out. Indica V2, Tata Safari EX and
CNG
Indica launched.
2002Petrol version of Indica V2, Tata Indigo,
Tata 207 DI and Tata Sumo+ launched. 200,000th Indica and
500,000th passenger vehicle rolled out.
2003Tata Engineering renamed Tata Motors 3 millionth vehicle
rolled out. 135 PS Tata Safari EXi Petrol and Tata
SFC 407 EX Turbo launched.
2004Tata Motors acquires Daewoo
Commercial Vehicle Company. Tata Daewoo Commercial Vehicle
Company (TDVC) launches the heavy duty truck Novus in Korea. Sumo
Victa, Indigo Marina and Tata LPT 909 EX launched. Tata Motors
lists on the NYSE.
2005Tata Motors acquires 21 per cent
stake in Hispano Carrocera SA. One millionth passenger car sold.
Tata Ace, Indias first mini truck; Tata Novus; Safari Dicor; Tata
TL 4x4 Indias first Sports Utility Truck (SUT); and branded buses
and coaches Starbus and Globus launched. Novus range of medium
trucks launched in Korea by TDCV
2006Tata Motors and Marcopolo, Brazil,
announce joint venture to manufacture fully built buses and
coaches for India and markets abroad. TDCV develops South Koreas
first LNG-powered tractor-trailer. Tata Motors and Fiat form
industrial joint venture to produce cars, engines, transmissions in
India. Indica V2 Xeta launched.
2007
Indigo XL, Indias first stretch
limousine; Winger, Indias only maxivan; Magic, a comfortable,
safe, fourwheeler public transportation mode; Sumo Victa Turbo DI;
Safari DICOR 2.2 VTT range and Indica V2 Turbo; launched. Common
rail diesel (DICOR) engine extended to Indigo sedan and estate
range. Launch of Tata Spacio, a new upgraded range of utility
vehicle. Tata Motors and Thonburi Automotive Assembly Plant Co
(Thonburi), announce formation of a JV company in Thailand to
manufacture, assemble and market pick-up trucks. Fiat Group and
Tata Motors announce establishment of joint venture in India. One
millionth passenger car rolled off the Indica platform. Fiat and
Tata enter into an agreement for pick-up production in Argentina.
Iveco and Tata Motors sign an MoU to explore strategic alliance
opportunities. 100,000th Ace rolled out.
2008Peoples Car, Nano, unveiled at the
ninth Auto Expo. Xenon, 1-tonne pick-up truck launched in
Thailand. Indigo CS (compact sedan) worlds first sub four-metre
sedan, Indica V2 DICOR and Sumo Grande launched. Tata Motors signs
definitive agreement with Ford Motor Company to purchase Jaguar and
Land Rover.
Milestones12 Tata Review May 2008
Significant events at Tata Motors in the past decade