Tata Company

Topics: Tata Group, Tata family, Parsis Pages: 4 (1437 words) Published: December 6, 2010
TATA GROUP OF COMPANIES
The Tata Group (Marathi: टाटा समूह) (Hindi: टाटा समूह) is a multinational conglomerate company headquartered in Mumbai, India. In terms of market capitalization and revenues, Tata Group is the largest private corporate group in India. It has interests in steel, automobiles, information technology, communication, power, tea and hospitality. The Tata Group has operations in more than 85 countries across six continents and its companies export products and services to 80 nations. The Tata Group comprises 114 companies and subsidiaries in seven business sectors,[3] 27 of which are publicly listed. 65.8% of the ownership of Tata Group is held in charitable trusts.[4] Companies which form a major part of the group include Tata Steel (including Tata Steel Europe), Tata Motors (including Jaguar and Land Rover), Tata Consultancy Services, Tata Technologies, Tata Tea (including Tetley), Tata Chemicals, Titan Industries, Tata Power, Tata Communications, Tata Teleservices and the Taj Hotels. The group takes the name of its founder, Jamsedji Tata, a member of whose family has almost invariably been the chairman of the group. The chairman of the Tata group is Ratan Tata, who took over from J. R. D. Tata in 1991 and is one of the major international business figures in the age of globality.[5] The company is currently in its fifth generation of family stewardship.[6] The 2009 annual survey by the Reputation Institute ranked Tata Group as the 11th most reputable company in the world.[7] The survey included 600 global companies. HISTORY

The beginnings of the Tata Group can be traced back to 1868,[8] when Jamsetji Nusserwanji Tata established a trading company dealing in cotton in Bombay (now Mumbai), British India.[9] This was followed by the installation of Empress Mills in Nagpur in 1877. Taj Mahal Hotel in Bombay (now Mumbai) was opened for business in 1903. Sir Dorab Tata, the eldest son of Jamsetji became the chairman of the group after his fathers...
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