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With an annual Sales revenue of USD 100 Billion - thats more than 5,00,000 Crores, TATA is one of the biggest Industrial conglomerates in the world.
No of Employees: 4,25,000
100 Operating companies; present in 80 countries; 58% of the revenue is from business outside India.
In business for last 145 years.
Philanthropic trusts (Charitable institutions in other words) hold 66% ownership of TATA holding companies. That means 66% of share holder income from TATA group goes to these trusts.
In addition to these, its mandatory for every TATA company to contribute a minimum of 4.5% of their profit to these Philanthropic trusts.
This unsual corporate philosophy has evolved from its legacy.
TATA Legacy:
Founded by Jamsetji Nusservanji Tata; started as a trading company in 1868 and then started textile manufacturing.
Jamsetji Tata is regarded as the "Father of Indian Industry".
J N Tata dedicated his efforts to fulfil three of his major visions: Set up an Iron and Steel company, set up electric power plants and set up a world class learning institution in India.
This vision of him itself was extra ordinary considering the fact that this was envisaged in second half of 19th century India (almost one and a half centuries ago)
TAJ Hotels: 1903
(Taj Mahal Palace and Tower in Colaba, Mumbai)
As per legend, Jamsetji Tata was denied permission - since he was an Indian - to enter a fancy hotel in Mumbai when he went there along with two business clients. This insult prompted him to build a world class hotel. It was the first hotel in India with electricity and was the most luxurious at that time. That was starting of the largest Hotels chain in India, TAJ Hotels.
After his death in 1904, his successor Dorabji Tata accomplished the task of taking forward the work started by JN Tata and turning his vision into reality.
Indian Institute of Science, Bangalore: 1911
This became a cradle for developing some of the great visionaries and scientists of our country.
Later IISc was made a public institution by the government.
TATA Steel: 1907
Sir Frederick Upcott, Chief Commissioner of British Indian Railways, remarked to Charles Perin (a reputed American consultant), "Do you mean to say that the Tatas propose to make steel rails to British specifications? Why, I will undertake to eat every pound of steel they succeed in making?"
TATA did make steel and supplied to British operations in Mesopotamia (as per British specifications) which made a contribution to allied victory in world war 1.
Several years later (100 years to be specific), TATA took over Corus (Former British Steel).
Employee welfare: TATA was ahead of time in introducing employee welfare schemes.
Some of the employee welfare schemes became world's first (even before it became a practice in developed western world)
In 1880, TATA established Creshe facility in their factory for the benefit of mothers with young kids.
In 1886, TATA instituted a pension fund for employees.
In 1895, TATA introduced accident compensation scheme.
100 years ago, TATA introduced 8 hour working. (in 1912)
In 1901, TATA launched Provident fund scheme (51 years later, it became a law in the country)
In 1915, introduced free medical aid to employees.
IN 1920, TATA introduced annaul previlege leave scheme for employees (28 years later, it became a law)
1934, TATA started profit sharing Bonus scheme for the first time in India.
Nation building: TATA has promoted and continue to support several institutions of National importance.
TATA Institute of Fundamental Research (TIFR)
Indian Institute of Science, Bangalore
National Institute of Advanced Studies, Bangalore
National Center for the Performing Arts
TATA Institute of Social Sciences
Lady TATA Memorial Cancer Hospital
These institutions were later converted to Public institutions by the Government due to their national importance (Tata trusts still continue their support to these institutions)
Once, Homi J Bhaba (The Architect of Nuclear Programme in India) asked TATA about what they can do to establish a world class scientific research center in India. The result was foundation of TATA Institute of Fundamental Research, a world renowned Institute for pure research in Natural sciences, Technology and Mathematics. TIFR laid the foundation for India's Nuclear Program.
Prof. Govind Swaroop, a Senior Scientist in TIFR, impressed upon TATA about the requirement to set up a telecsope facility in India for Space research. This created the GMRT (Giant Meterwave Radio Telescope) near Narayangaon in Pune - the largest in the world.
Scientists and Astronomers from world over use this facility to observe astronomical objects like Galaxies, Super Nova, Pulsars, Solar winds etc.
TATA started Civil aviation in the country.
Later Government of India took over TATA Airlines (JRD TATA vehemently opposed this move but Goverment had the power)
It was then split into Air India and Indian Airlines.
Jawaharlal Nehru wanted to save foreign currancy going out for import of cosmetics (but he was afraid of back lash from women in India) and there fore asked TATA to start a cosmetic company and craeted Lakme (Later TATAs sold of Lakme to Unilever).
New India Assurance Company was started by TATA was later taken over by Government due to Nationalisation policy.
Business accumen of TATA can be seen when in 1945 they started TATA Engineering and Locomotive Company by hiring some German Engineers who were jobless after second world war.
It required guts to bring German Engineers to British India in 1945.
No of Employees: 4,25,000
100 Operating companies; present in 80 countries; 58% of the revenue is from business outside India.
In business for last 145 years.
Philanthropic trusts (Charitable institutions in other words) hold 66% ownership of TATA holding companies. That means 66% of share holder income from TATA group goes to these trusts.
In addition to these, its mandatory for every TATA company to contribute a minimum of 4.5% of their profit to these Philanthropic trusts.
This unsual corporate philosophy has evolved from its legacy.
TATA Legacy:
Founded by Jamsetji Nusservanji Tata; started as a trading company in 1868 and then started textile manufacturing.
Jamsetji Tata is regarded as the "Father of Indian Industry".
J N Tata dedicated his efforts to fulfil three of his major visions: Set up an Iron and Steel company, set up electric power plants and set up a world class learning institution in India.
This vision of him itself was extra ordinary considering the fact that this was envisaged in second half of 19th century India (almost one and a half centuries ago)
TAJ Hotels: 1903
(Taj Mahal Palace and Tower in Colaba, Mumbai)
As per legend, Jamsetji Tata was denied permission - since he was an Indian - to enter a fancy hotel in Mumbai when he went there along with two business clients. This insult prompted him to build a world class hotel. It was the first hotel in India with electricity and was the most luxurious at that time. That was starting of the largest Hotels chain in India, TAJ Hotels.
After his death in 1904, his successor Dorabji Tata accomplished the task of taking forward the work started by JN Tata and turning his vision into reality.
Indian Institute of Science, Bangalore: 1911
This became a cradle for developing some of the great visionaries and scientists of our country.
Later IISc was made a public institution by the government.
TATA Steel: 1907
Sir Frederick Upcott, Chief Commissioner of British Indian Railways, remarked to Charles Perin (a reputed American consultant), "Do you mean to say that the Tatas propose to make steel rails to British specifications? Why, I will undertake to eat every pound of steel they succeed in making?"
TATA did make steel and supplied to British operations in Mesopotamia (as per British specifications) which made a contribution to allied victory in world war 1.
Several years later (100 years to be specific), TATA took over Corus (Former British Steel).
Employee welfare: TATA was ahead of time in introducing employee welfare schemes.
Some of the employee welfare schemes became world's first (even before it became a practice in developed western world)
In 1880, TATA established Creshe facility in their factory for the benefit of mothers with young kids.
In 1886, TATA instituted a pension fund for employees.
In 1895, TATA introduced accident compensation scheme.
100 years ago, TATA introduced 8 hour working. (in 1912)
In 1901, TATA launched Provident fund scheme (51 years later, it became a law in the country)
In 1915, introduced free medical aid to employees.
IN 1920, TATA introduced annaul previlege leave scheme for employees (28 years later, it became a law)
1934, TATA started profit sharing Bonus scheme for the first time in India.
Nation building: TATA has promoted and continue to support several institutions of National importance.
TATA Institute of Fundamental Research (TIFR)
Indian Institute of Science, Bangalore
National Institute of Advanced Studies, Bangalore
National Center for the Performing Arts
TATA Institute of Social Sciences
Lady TATA Memorial Cancer Hospital
These institutions were later converted to Public institutions by the Government due to their national importance (Tata trusts still continue their support to these institutions)
Once, Homi J Bhaba (The Architect of Nuclear Programme in India) asked TATA about what they can do to establish a world class scientific research center in India. The result was foundation of TATA Institute of Fundamental Research, a world renowned Institute for pure research in Natural sciences, Technology and Mathematics. TIFR laid the foundation for India's Nuclear Program.
Prof. Govind Swaroop, a Senior Scientist in TIFR, impressed upon TATA about the requirement to set up a telecsope facility in India for Space research. This created the GMRT (Giant Meterwave Radio Telescope) near Narayangaon in Pune - the largest in the world.
Scientists and Astronomers from world over use this facility to observe astronomical objects like Galaxies, Super Nova, Pulsars, Solar winds etc.
TATA started Civil aviation in the country.
Later Government of India took over TATA Airlines (JRD TATA vehemently opposed this move but Goverment had the power)
It was then split into Air India and Indian Airlines.
Jawaharlal Nehru wanted to save foreign currancy going out for import of cosmetics (but he was afraid of back lash from women in India) and there fore asked TATA to start a cosmetic company and craeted Lakme (Later TATAs sold of Lakme to Unilever).
New India Assurance Company was started by TATA was later taken over by Government due to Nationalisation policy.
Business accumen of TATA can be seen when in 1945 they started TATA Engineering and Locomotive Company by hiring some German Engineers who were jobless after second world war.
It required guts to bring German Engineers to British India in 1945.
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