Tata Group

Tata sorting of companies, it is say that there is Tata in both Indians deportment directly or indirectly. Tata sort out of companies is Indias largest conglomerate. Tata host is made up of 90 operating companies in heptad different industries which makes it Indias largest conglomerate. Tata host was founded by Jamsetji Tata in 1868. The fo downstairs of the Tata group was a visionary who was a traveler and loved travelling almost the world. Jamsetji Tata was born in a small town of Navsari in Gujarat India.In his early work life, he worked with his dad in his banking firm. He cute to show up a in the altogether patronage, and he did suffer a work comp either while working with his father in his banking firm. Then in he established a textile mill which he named as empress mill as a smart move to avoid any British opposition. This was the inaugural stem to the huge Tata group which it is today. Jamsetji Tata was a traveler and brought worldy a nonher(prenominal) another(prenominal) compositions slightly railcare in his travel.He saw new intimacys and technology employ in other countries in his travel he brought those things and new conceits domicil and employed them in his party and helped the boorish in the channel of industrialization. Jamsetji Tata created trust and unity of these trusts today holds the majority of the shares in the Tata group of companies. Jamsetji Tatas one of the dream, was to construct a hotel which was the outflank in India and has to be the most luxuries in India. The Taj Mahal Hotel was the eldest building in Bombay to use electricity.Jamsetji valued to build the best hotel in India after he was denied entry in one of the hotels in Bombay because he was Indian. The hotel which was completed, in 1904 was one of the great marvels of Tata group in Jamsetji Tatas life time (Tata sort out, n. d. ). The bordering commodious thing which happened in, the progress of the Tata free radical was the establ ish workforcet of iron and stigma plant which was the initiative iron and mark plant in India. It was a repugn to start an iron and stigma plant in India as there was an ever so save pressure from the British raj.However, Sir Dorab Tata made it the reality when he started the sword plant near Jamshedpur. The new phoner was called Tata steel, which is the 10th largest steel shaper in the world latestly. The company was established a century past by Sir Dorab Tata in 1907. Sir Dorab Tata was to a fault established premiere hydroelectric mightiness plant which was the beginning of Tata berth. Tata power is Indias largest private sector power generating company. One of the best companies in the Tata group ware established in the life time of Sir Dorab Tata.The founders of Tata group where not sole(prenominal) the ancestry men but a standardised nationalist. In 1911 after seven categorys, after the finis of Jamsetji Tata the first science instate was established in B angalore. Where the bright brains of India locoweed work their aspirations in science, and technology. Tatas ware fully aware of their corporate kindheartedly responsibility towards society, and their country as whole (Tata group, n. d. ). The initiate established by the Tatas is todays premier research and development institute which is in Bangalore.In its 375 acres campus, the Indian Institute of science hosts 40 departments and centers of various fields of science. Institute constantly performs research and development of baseball swing edge science in association with space research cheek and defense research organization. Tata institute of fundamental research is one of the best research institute in the country. There are to a greater extent such institutes which where the vision of the founders of Tata group, which are serving the country and society as a whole.Tata assembly is withal known for employee satisfaction. Tatas ware first to introduce the 8 hour workin g day in 1912 long be forwards it was introduced in the western countries, they were first to introduce the provident funds which is a kind of savings account in which a certain per centumage of r turn backer is deducted, and deposited in the account, and the analogous percentage of the amount is matched by the employee, and deposited in same provident fund account, this was a kind of social security which was behavior ahead of its time.Provident fund was made compulsory by the Indian government activity for both company after 1952. Tata group in their butt of employee satisfaction has constructed cities. Jamshedpur is very good grammatical case of the fastest growing and exploitation city in the country, is founded by the Tata group, to provide housing facility for the workers working in countries first steel plants, and it is named after the founder of Tata group Jamsetji Tata. With the death, of Sir Dorab Tata In 1932 Tata group lost its one of the great loss leaders. S ir Nowroji Tata became the chairwomanmen of the group.By this time, Tata Group was in more line of reasoning and industries. However, Sir Nowroji Tata died in 1038, and the responsibility of the company was on boyish 34 year old JDR Tata. JDR Tata came with new ideas, to further expanded the company. JRD Tata was the first in the country to get a commercial pilots license. He was the one who took the Indian in to the aviation age the first commercial aviation company was established by JDR Tata. The Tata Airlines was the first airlines of India which is facilitate the largest airlines in the country.However, the Tata airlines was nationalized and is now known as Indian Airlines after the government of India took over the company from Tata group and regulated the aviation commercialiseplace and was the only airlines in the country for a long time. JDR Tata was the chair man of Tata Group for fifty three years and during his leadership Tata Group expanded in new industries. Unde r JRD Tatas leadership, the company from independence to 1990 despite sloshed regulations and license raj was able to grow constantly and was able to start their business in new vault of heavens. Tata started Tata Chemicals in the year 1939.Tata Motors and Tata Industries in 1945, Voltas in 1954 which is manufacturing home appliance, Tata tea, which is one of the largest tea company of the world was established under his leader ship, Tata Consultancy Services (TCS) Indias largest Information Technology company by market capitalization was established in the year 1968, and the Titan Industries in the year 1984 (Tata group, n. d. ). JDR Tata steep down from the position of being chair man of that group in 1991. rattan cane N. Tata took over the position as the chair individual of the company and still a chair person of the company.Ratan Tata became the chair person in the mist of new economic reforms in the country where government removed many barricades. The Indian government l ifted many regulations to do business and started the end of the license raj. New entry of supranational origination gave competition in many industries to the Tata group. Tata group had new surface area to do business in this newly unloadd market. Tata Group, one of the old and ardent business groups whose business has seen many rough time the company in 1990 at last able to operate in a free market where it can perform to its full potential.Tata group was started as a modest trading company by the founder Jamsetji Tata is now one of Indias Biggest Company. Tata Group consists of 90 operating company which consists of communication, Information technology, chemicals, consumer products, engineering, materials, and many more than industries (Tata Group, n. d. ). Tata Group is based in Mumbai India is not just an Indian company it is a global enterprise. Tata Group earns more revenues from operations impertinent India then that from the domestic market with in India.Tata Group e arns 57 percent of its revenue, which is, $67. meg in 2009-2010 came from business outside India and rest form the business in the country. Out of 90 company the company has 28 in public listed companies whose market capitalization is of around $98. 11 trillion. The company has the share toter base of 3. 5 million. The Tata group is present in 85 countries world-wide and employees around 395,000 people worldwide (Tata Group, n. d. ). The present death chair of Tata group is Ratan Tata he is the chairman of Tata Sons the promoting company of Tata group and hence the chair man of Tata Group.Ratan Tata was born on December 28, 1937 he is the grandson of the founder Jamsetji Tata. He was raised by his grandmother Navajibai. He has done bachelors in architecture from Cornell University in 1962. He has further studied advance management syllabus from Harvard Business School and graduated in 1975. Ratan Tata fits the chairman of Tata sons and Tata Group in 1990. This was the time w hen then Indian government decided to slack the Indian market to the multinational competition. Then Indian government likewise opened many industries to the private-sector investment.Tata Group being one of the biggest group in India was well in a position to take advantage of the moorage presented to them and during the same time Ratan Tata was chosen by JRD Tata as the chairman of Tata group. However, Ratan Tata did not become the chairman of Tata group directly. Initially he got a job offer in IBM which he declined with the advice of JRD Tata. He started first working in Tata steel in Jamshedpur where he worked on the ditch making steel in front of blast furnish. This was like a training ground for him for the feature responsibilities (Tata Group, n. . )Tata Group is headed by a propulsive leader Ratan Tata has two decision making groups. These groups are called Group executive office, and Group corporate center. These groups divide decision-making responsibility. Group ex ecutive office, the main(prenominal) objectives of the group executive office are to implement the programs in sex act with governance, human resource, etc. group executive office also deeds to improve the synergistic between various companies inwardly the group and also to improve synergistic between group and individual companies in the group.The current GEO comprises of Ratan Tata, R Gopalakrishnan, Ishaat Hussain, Kishor Chaukar, and Arunkumar Gandhi. (Tata group, n. d. ) The other decision making body in management structure of the company is Group Corporate Center. This decision-making body in management flora on promoting the Tata brand in the country, and around the world. The group issues policies for the growth of the company and entry in to a new area of business are reviewed in this decision-making group. Group corporate center also provides advices on financial, human resource, legal, and functional issues as and when necessary to companies in the group.The present members in the group are Ratan Tata the chairman, JJ Irani, RK Krishna Kumar, R Gopalakrishnan, Ishaat Hussain, Kishor Chaukar and Arunkumar Gandhi. The Tata group commits it shelf to the country they operate, and to improve the quality of life of the people who work in the group, and the communities in which Tata group operates its business. Tata group is a value driven company and they retrieve very strongly in their values, and have five onus values which help them as a guide for growth and in the arena business of Tata group.Tata group strongly believes in integrity, and they believe that the business which they perform should be conducted in a fair manner and with honesty. The business process should be transparent. The group also believes in understanding the guest and the employees specially. Tata group strongly believes that in doing business, they should act with compassion and humanity towards the node to whom they serve and in the internal operation of the company b etween the colleagues within the company. Tata group thinks that they should do their best in day to day work.They believe that the product, which they provide, to their customer should be of the best quality. They believe that they should raise their standard of work in day to day working. They also believe that they as a group should work more cohesively. It is also important that they work in unity between the companies and their partners around the world. Tata group believes that working in a united manner can result in excellent results, which preserve the growth and development of the company, and Tata group as whole.Tata Group thinks it is responsible to the communities in which they operate their business, and it thinks that they are responsible towards the country, in which they operate. Tata group believes, in providing more to the people than what they received from them. Tata group also believes strongly in their edict of conduct and do their day of the day operation in agreement with their code of conduct. They have twenty five clauses which make their code of conducts and works as a guide for their operation in day to day operation of the company.Tata group thinks that conversion is the best way to progress and with the innovation they can achieve what they want to achieve in the business. The best example the company has displayed is by Tata motors. The Tata Nano is an example for the innovative side of the Tata group. The nano car, which is the cheapest car in the world, Tata nano costs around 100,000 Indian rupees which translates to around $2500 depending on the present alternate rates. Many in the automotive industry said that the car was hopeless to make.It was the brain child of Ratan Tata the chairman of Tata sons and Tata Group. Ratan Tata saw the Indian, midpoint class family of four crammed on a two-wheeler on a starchy road. It is very dangerous to drive on the road in such conditions, especially in India where traffic condit ion is very bad. Ratan Tata got an idea of making a car which will be low-priced to the appear middle class of India. This engineering argufy which they had been never accomplished in the history of modern day automobile industry.In the early 2003 on the sides of a business meeting, Ratan Tata expressed his wish to make an affordable car for the people of India. This was going to be a challenge, and Ratan Tata knew some it very well. He called five engineers from Tata motors to Bombay house to give them the challenge of doing which was never done before. The team of the engineers did not have any kind of idea about what they are up to and came with the ideas of cheap transport. They only got the idea of the challenge when the chairman him shelf told them about his idea of INR 100,000 cars.The team was given the challenge was going to do something which did not have a bench mark, for next four years they were working on one mans dream which can affect an complete country of 1. 2 billion people and their safety on the roads. During the process, of building the cheapest car of the world Tata motors has to start completely from the basics of car building. Engineers at Tata motors had to start over as they were not able to get parts from exiting suppliers around the world which can fit within the pries tag of the car. They did what Tata Group is all know about Innovate (Tata Moters , n. . ).Engineers at Tata motors ware able to create the marvel the Tata nan, which is the cheapest car of the world. The car was holding the price tag of INR 100,000 despite the increase in the raw material price. The car was launched on early 2009. The Tata group is not Just accomplished building a car, but in many other business too they have created the cheapest water which do not use the electricity and uses the natural materials and is cheap so that the poor farmers in a remote village can use the water filter which is called Tata Swach.This innovative feat achieved by Tata chemicals was a life changing for many rural population of India where pure water or water culture system are very costly are not inexpensively available. The Tata has done it again by innovating and not only providing the solution to the difficulty but also providing it cheaply so that it can be used by the common Indian. The Tata Group has become the integral part of every Indians life is not just confined to India. Tata group is present in 85 countries. Tata group now came to the world coiffure my major industrial acquisition.The biggest of them all was the acquiring of Cores. Corus was the biggest steel producer of steel in Europe and was a high end steel producer. Tata steel is the low end steel producer as the market demands in India. Tata steel was mainly focused on Indian market was the abet largest steel producer in India. There was no presence of Tata steel in Europe before the takeover of the company. This is the biggest takeover by any Indian company in the world. C orus was the second largest steel producer in Europe, Tata when acquired Corus made it the fifth largest steel producer in the world.Tata acquired Corus for $8. 1 billion and promised to fuse funds in Corus pension fund. This over take was also symbolizing the growth of Tata after 1990s, during this two decades it has expanded in ever growing Indian market and also has stretched its wings in the international market, as well. The only way where it can expand to the world be is by acquiring other companies, and as done my many Indian companies recently the deal between Tata and Corus was showing the newly found posture in Indian companies around the world. One minute world countersign , 2006)Tata group did not only acquired the Corus but acquired many other brands or companies around the world. Tata motors have acquired at least one brand or company every since 2004. In 2004 Tata motors acquired the Daewoo motors. The Tata Daewoo has a very big market around the world and sells tr ucks under the name of Daewoo in South Korea and Pakistan and under Tata name around the world. In 2005 Tata motors acquired, Hispano Carrocera is one of the largest manufacturer of buses in Europe.Tata Motors acquired entire 100 percent stake in the company in 2009. Tata motors become biggest bus manufacturer in Europe with the acquisition of the company. Other big acquisition and most widely know is when Tata motors bought the famous and esteemed British car manufacturer Jaguar with this Tata motors came in European high end car market. Tata now owned the famous brands like Land roamer and has truly become a global brand. Tata group has been at the fore front of the overtaking global company recently has also face up with many issues due to the down turn of the global economy.There were hardly a(prenominal) issues not related to the economy but completely different like a terror attack on 26 November 2008 on an iconic Taj Mehal hotel in Mumbai which was constructed by non other than the founder of the group him shelf Jamsetji Tata more than a century ago. The attack was on the one of Mumbais knock down marks and left a historic building badly damaged, it was repaired, and was in service within few months. Tatas has shown that it is not impossible to keeping on improving performance and growing the company no return the circumstance exists in the country of operation.They have grown in the company of present day after facing the strict colonial restriction against industries in colony. They have also showed how to grow in an unfriendly surround with government license policy which was to control the industries in the country. The name Tata is said to be in every Indians life is now on the path to spread its wings around the world, and aspires to become a part of everybody life around the world.Referenceshttp//news.bbc.co.uk/2/hi/business/6068244.stmhttp//www.tata.com/htm/heritage/HeritageOption1.htmlhttp//www.crimt.org/Publications/CSSS_WP_No58.pdf