TATA Group of Companies | The Enterprise World

TATA Group of Companies

At A Glance – TATA Group of Companies

29-year-old Jamsetji Nusserwanji Tata starts a trading company in 1868 with a capital of ₹21,000 — the early beginnings of what would one day become the Tata group.

Since the inception TATAs spread their wings of business around the globe. There is no such business sector where TATA is not present. 

Tata Group of Companies is strongly processing in Steel, Cosmetics, Oil, Salt, Automotive, Food, Beverages, and many more sectors.

The Taj Mahal Palace Hotel by TATA is a five-star hotel located at the place called Colaba in Mumbai, near the Gateway of India. The Taj Mahal Hotel is a 104-year-old building, a part of the Taj Hotel Resorts & Palace, the building is considered to be the flagship property of the group, which consists of 560 rooms and 44 suites. People coming from abroad also like the Taj Mahal Hotel located near the Gateway of India, it attracts people with the beauty of the building.

The Tata Group of Companies is always at the forefront in terms of public health. In 2011, Ratan Tata inaugurated Tata Medical Centre, comprehensive cancer care and treatment facility designed specially to serve the poor in the region.

Starbucks, a most loved coffee joint welcomed in India by coffee lovers in 2012. It is a 50:50 joint venture of Tata Global Beverages and Starbucks Corporation.

The group charts course for its newest aviation adventure in 2014. AirAsia India, a JV with popular, low-cost airline AirAsia Berhad, begins operations.

The organization follows up that improvement with vistara, Tata sons’ JV with Singapore airlines. It celebrates flying 1 million customers that same year.

In 2017, the board of directors appointed N. Chandrasekaran, CEO and MD at TCS since 2009 as Chairman of Tata Sons. In that same year, TCS and Cornell Tech inaugurate the Tata Innovation Centre to promote joint academic and industry research, following a $50 million investment by TCS.

Tata Steel and ThyssenKrupp sign a landmark JV in 2018 to create a new, strong Pan-European steel champion that is structurally robust and competitive.

2018 was a fantastic year for TCS as it becomes the first listed Indian IT company to reach $100 billion in market capitalization, ushering in a new phase of growth for India Inc.

In December 2019, according to Indian Law Cyrus Mistry became chairman of Tata Sons who is mostly the Chairman of Tata Group. But it is not yet confirmed by the Tata Group.

More than a century ago, the visionary Jamsetji Nusserwanji Tata, resolved to provide pollution-free, clean power to Mumbai, a city that was choking on the fumes of the boilers of textile mills. He dreamed of, and inspired, the setting up of one of the first hydroelectric power plants in the Western Ghats, with a hydel dam that would harness the power of flowing water to create electricity. The task was nothing short of daunting, considering the terrain of the Western Ghats.

Tata Motors, Wheels that Moves India!

Tata Motors Limited, which was formerly known as the Tata Engineering and Locomotive Company (TELCO), is the Indian multinational automotive company with its headquarters in Mumbai, Maharashtra. The company is a part of the Tata Group, which is an Indian conglomerate. The products of Tata Motors include passenger cars, trucks, vans, buses, sports cars, construction equipment, and military vehicle.

Tata Motors was founded in 1945 as manufacturers of locomotives. Although their first commercial vehicle was manufactured in 1954, which was in collaboration with Daimler-Benz AG, which was put to an end in 1969.

In 1988, Tata Motors entered the passenger vehicle market when they launched Tata Mobile, later followed by the launch of the Tata Sierra in 1991. The launch of these vehicles proved that Tata had the capability to develop the indigenous automobile. In due course, Tata also launched the Tata Estate.

1998 was the year when Tata launched its first fully indigenous passenger car, the Indica. The car was criticized by many analysts, but with its excellent fuel economy, a powerful engine, and its dynamic marketing strategy made Indica one of the best selling cars in the history of Indian automobiles.

In the year 2004 Tata went on to acquire Daewoo’s South-Korea based truck manufacturing company, which they later renamed as Tata Daewoo. In the same year, Ratan Tata, the Chairman of Tata made a debut in the New York Stock Exchange and marked the listing of Tata Motors. 

Following this, in the year 2006, Tata formed a joint venture with Marcopolo, which is a Brazil-based company, and launched a line of Tata Marcopolo Bus, which were fully built buses and coaches.

In the year 2008, Tata launched Tata Nano, which was also the world’s cheapest car. 2008 was also the year when Tata purchased Jaguar Land Rover from Ford.

With the dawn of the year 2010, Tata Motors acquired an 80% stake in Trilix, which is an Italian design and engineering company, for a whopping amount of €1.85 million. With this acquisition, Tata formed part of the company’s plan to add to its styling and design capabilities.

Tata Motors announced an investment of 6 billion rupees in the development of Futuristic Infantry Combat Vehicles, which was in collaboration with the DRDO.

Source – Internet

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: