The Tata Group of Companies, founded in 1868, is one of India’s oldest corporate empires. It employs over 24,000 people and operates in over 100 countries across six continents. The corporation has over two million shareholders and a market valuation of more than $57.7 billion. Tata Group, headquartered in Mumbai, operates in numerous key business categories, including chemicals, consumer products, energy information systems, materials, and services.
The company’s objective is to “improve the quality of life in communities”, and it serves on a worldwide scale by creating long-term stakeholder value via leadership with trust. Tata Sons is the holding company’s primary investor and promoter. Sixty-six percent of Tata Son’s equity share capital is held through philanthropic trusts that promote education, job creation, health, art, and culture.
Each Tata firm or organisation functions autonomously, guided and supervised by its board of directors. Tata Enterprises has 28 publicly traded companies with a total market capitalisation of around $145.3 billion (as on March 31, 2018).
The trusts also help non-governmental groups that engage in education, healthcare, and livelihoods. It also contributes to other forms of social welfare projects.
Aditya Birla Group, Mahindra, and Reliance are the company’s main competitors. Tata firms generated $110.7 billion in sales in 2017-18.
Ratan Tata (Inspirational Chairperson of TATA)
The chairman of Tata Sons, a conglomerate with holdings ranging from tea to steel, is India’s top brand ambassador. With his $2,200 Tata Nano, the world’s cheapest car, he made automotive history. Nano is dubbed “The People’s Car”. Environmentalists refer to it as an eco-disaster in a country of a billion people. Not far away: After the launch of the Nano in 2008, India’s passenger vehicle sales increased the highest in three years in 2009; three Tata rivals are currently working on Nano knockoffs.
TATA group’s History
Jamsetji Nusserwanji Tata, an entrepreneur and philanthropist, founded Tata Group in 1868 as a private trade enterprise. The group formed the Indian Hotels Company in 1902 to build the Taj Mahal Palace & Tower, the country’s first luxury hotel. Jamsetji died in 1904, and his son, Sir Dorab Tata, took over as chairman of the firm. Under Dorab’s supervision and leadership, the group expanded rapidly, delving into many business categories such as steel (1907), electricity (1910), education (1911), consumer products (1917), and aviation (1932).
When Dorab died in 1932, the role was taken over by Sir Nowroji Saklatwala. After six years, Jahangir Ratanji Dadabhoy Tata was appointed chair of the group. He oversaw the company’s development into a variety of new industries, including chemicals (1939), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968).
Tata Group established Tata Engineering and Locomotive Company in 1945, which was renamed Tata Motors in 2003. This business manufactures engineering and locomotive products.
Ratan Tata succeeded his uncle, Jehangir Ratanji Dadabhoy Tata (JRD Tata), in 1991. Ratan Tata actively pushed to develop the firm, and he became increasingly focused on taking the business global. In 2000, the firm purchased London-based Tetley Tea, and in 2004, it purchased Daewoo Motor’s truck manufacturing business in South Korea. In order to establish the insurance firm Tata-AIG in 2001, the corporation collaborated with American International Group, Inc. Tata Group executed the largest corporate acquisition by an Indian business when it purchased the huge Anglo-Dutch steel maker Corus Group in 2007. The next year, it expanded into the automobile business. Tata Motors achieved another milestone on January 10, 2008, when it debuted the Nano, a compact, rear-engine, pod-shaped car. The first Nano entered the road in India in July 2009.
Tata Group purchased the prestigious British brands Jaguar and Land Rover from Ford Motor Company in 2008. Ratan Tata retired in 2012, and Cyrus Mistry took over as CEO. However, Mistry was unceremoniously fired as chairman in October 2016 due to conflicts with members of the Tata family about business strategy. Ratan, once again, was appointed on an interim basis. Natarajan Chandrasekaran was appointed to the role in January 2017, ending Ratan Tata’s second tenure as chairman.
Tata Group stated in September 2017 that it will merge its European steelmaking businesses with ThyssenKrupp, a German steelmaker. The transaction was completed in 2018, creating ArcelorMittal Europe’s second-largest steel manufacturer; ArcelorMittal is the first.
TATA Group Companies
Tata Sons Limited is the Tata Group’s holding company, and it owns the majority of these enterprises. Tata Sons Ltd is the registered owner of the Tata name and trademark in India and several other countries.
Tata Steel, Tata Motors, Tata Consultancy Services, Tata Chemicals, Tata Global Beverages, Titan, Tata Capital, Tata Power, Tata Advanced Systems, Indian Hotels, and Tata Communications are the principal firms within the Tata Group.
Tata is the most prominent subsidiary of the Tata Group; it was formed on August 26, 1907 by Jamsetji Tata and created by Dorabji Tata. Tata Steel is an Indian multinational steel production firm headquartered in Kolkata. With annual crude steel deliveries of 27.5 million tonnes, it is one of the major steel-making businesses in the international market. It has operations in 26 countries, with key operations in India, the United Kingdom, and the Netherlands. It employs over 80,000 people and specialises in iron, soft iron, cast iron, alloys, and other metals.
Tata Motors, which began as a locomotive maker in 1945, is now an international car manufacturing firm. Its headquarters are in Mumbai, and company specialises in passenger cars, vans, trucks, sports cars, military vehicles, and many forms of construction equipment. Apart from India, Tata Motors has automobile assembly facilities in the United Kingdom, South Korea, Spain, South Africa, and Thailand. Following its establishment, Tata Motors produced its first commercial car in 1954 in conjunction with Daimler-Benz. It joined the passenger car market in 1988.
TATA Consultancy Services
TCS, or Tata Consultancy Services, is the largest Indian corporation in terms of market value. It is a multinational Indian information technology service and consulting firm. TCS has 149 offices in 46 countries, with its headquarters in Mumbai, Maharashtra. It is now one of the most valuable IT services brands in the world. TCS has 67 subsidiary companies. They offer a diverse range of information technology-based goods and services, including business process outsourcing, capacity planning, hardware sizing, payment processing, software management, consultancy, enterprise software, technology education services, and application development.
Tata Chemicals Limited, an Indian worldwide firm focused on chemicals, crop nutrition, and consumer products, is a component of the Tata Group conglomerate. It began its voyage in 1939 at Mithapur, Gujarat. It is now the world’s third-largest producer of soda ash, with plants throughout Europe, Asia, Africa, and North America. Its research and development centre is in Pune, Maharashtra. Chemicals, spices, fertilisers, consumer items, bio fuels, pulses, cement, fresh product, nutritional solutions, water purifiers, and other products are available from the firm.
TATA Global Beverages
TGB, the world’s second-largest tea brand, is one of India’s most important subsidiaries. It has grown from a domestic plantation company to a worldwide brand-focused enterprise with a diverse portfolio of brands. Tata Tea Masala, Tetley Super Green Tea, and Tata Tea Teaveda are the company’s latest brands. In the nation, the corporation has equal partnership joint ventures with Starbucks for cafés and PepsiCo for liquid products. It surpassed the 100-store mark for Starbucks, a Tata collaboration, in 2017.
Titan is another significant component of the Tata Group. It is one of the country’s major lifestyle firms. It specialises in the sectors of jewellery, watches, and eyewear, and it has a number of popular brands. Tanishq, one of its brands, is one of the most well-known lifestyle brands in India. Titan Eye Plus outlets are responsible for the company’s eyewear business. Sonata, Raaga, and Fastrack are some of the company’s other well-known brands. It also works with Skinn on fragrances and presents Taneira, a destination for excellent silk sarees.
Tata Capital, one of the country’s leading NBFCs and a subsidiary of the Tata Group, is a one-stop financial solution partner. It meets the diversified financial needs of corporate, institutional, and retail clients. The firm has more than 100 branches, with its headquarters in Mumbai. It is concerned with consumer loans, business finance, infrastructure financing, and so on. The firm is a Systematically Important Deposit Accepting NBFC, according to the RBI.
Tata Power is an Indian electric utility firm that generates, transmits, and distributes power. It is the world’s largest integrated power company and has been at the forefront of technological adoption in the utility sector. Its activities are located in India, Singapore, Indonesia, South Africa, and Bhutan. Tata Power, via its subsidiaries and joint ventures, has 10857 MW of generating capacity, with renewable energy accounting for 32% of the capacity. The company’s main idea is sustainability, and it is leading the market in green community solutions. Tata Power’s Poolavadi wind power facility, with a capacity of 99 MW, is located in Tamil Nadu.
TATA Advanced Systems
Tata Advanced Systems, a well-established manufacturing arm of the Tata Group, is quickly becoming the partner of choice for global aerospace and defence firms. It has been awarded the contract for India’s first private-sector military radar manufacture for the Ministry of Defence. It focuses on six primary areas: unmanned aerial vehicles (UAVs), missiles, radars, aerospace, and homeland security.
Jamsetji Tata, the founder of the Tata Group, laid the groundwork for India’s first hotel, the Taj Mahal Palace in Mumbai. With exquisite elegance, warmth, and ingenuity, it has set a standard for great living. The firm operates 170 hotels in over eight sites throughout 12 nations. Through retail and online platforms, the company has significantly increased its domestic business. It made use of a collaboration with Tata SIA Airlines, American Express, Visa, and MasterCard.
Tata Communication has become the world’s top provider of digital infrastructure, bolstering today’s rapidly rising digital economy. It provides integrated, internationally managed services such as network, cloud, mobility, Internet of Things, and collaboration. Tata Communication transports more than 30% of the world’s internet routes and links companies to 60% of the world’s cloud giants as well as 4/5 of mobile users.
The Tata Group of Companies has always been a value-driven company. And it is because of these ideals that they have achieved success throughout the years. Tata Sons Ltd is defined by five basic values: quality, honesty, pioneering, responsibility, and unity.
“Leadership with Trust” is their slogan. They believe that all of their worldwide stakeholders will create long-term value for them.