Tata Group - In depth story - MBAnetbook.co.in

Monday, July 21, 2014

Tata Group - In depth story

ratan tata group
Tata Group is one of India's largest and most respected business groups. Today, Tata Group comprises 96 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals. The Group has operations in more than 54 countries across six continents, and its companies export products and services to 120 nations.  Tata group history can be divided in three phases:

Establishment Phase (1868 - 1931)

1868 - Jamsetji Nusserwanji Tata laid the foundations of Tata Group when he started a private trading firm.

1874 - Set up the Central India Spinning Weaving and Manufacturing Company Limited and thus marked the Group's entry into textiles.

1902 - The Indian Hotels Company was incorporated to set up the Taj Mahal Palace and Tower.

1907 - The Tata Iron and Steel Company (now known as Tata Steel) was established to set up India's first iron and steel plant in Jamshedpur.

1917 - Tata Oil Mills Company was established to make soaps, detergents and cooking oils.

Second Phase (1932 - 1989)

1932 - Tatas entered aviation sector with the establishment of Tata Airlines

1939 - Tata Chemicals producer of soda ash in India, was established.

1945 - Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) was established to manufacture locomotive and engineering products.

1954 - India's major marketing, engineering and manufacturing organisation, Voltas, was established.

1962 - Tata Finlay (now Tata Tea), one of the largest tea producers, was established.

1968 - Tata Consultancy Services (TCS), India's first software services company, was established.

1970 - Tata McGraw-Hill Publishing Company was created to publish educational and technical books.

1984 - Titan Industries, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), was set up to manufacture watches.

Expansion Phase (after 1990)

1996, Tata Teleservices (TTSL) was established to lead the Group's foray into the telecom sector.

1998, Tata Indica, India's first indigenously designed and manufactured car, was launched by Tata Motors.

2000, Tata Tea acquired the Tetley Group, UK.

2001, Tata entered into insurance business in joint venture with Tata AIG.

2002, TCS revenue increasd over 100 cr. dollar.

2004, Tata Motors acquired Dewoo motors in South Korea. Listed in New york Stock Exchange

2007, Tata Steel acquired Corus the fifth largest steel company in the world and TCS established TCS China with Chinese government.

2008 Tata Motors launched Tata Nano small care.

2009 Tata Teleservices launched Tata Docomo with Japanees firm.

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