Jamshetji TataMajor Developments

1868

The foundation of what would grow to become the Tata Group was laid in 1868 by Jamsetji Nusserwanji Tata then a 29-year-old who had learned the ropes of business while working in his fathers banking firm when he established a trading company in Bombay. A visionary entrepreneur, an avowed nationalist and a committed philanthropist, Jamsetji Tata helped pave the path to industrialisation in India by seeding pioneering businesses in sectors such as steel, energy, textiles and hospitality.
1869

Jamsetji acquired a bankrupt oil mill in Chinchpokli converted it into a cotton mill and renamed the mill Alexandra Mill. He sold the mill two years later for a healthy profit. Thereafter he set up a cotton mill in Nagpur in 1874. He christened it Empress Mill on 1 January 1877. 1877 Empress Mills, a textiles venture set up in Nagpur in central India in 1877, was the first of the big industrial projects undertaken by the Tata Group. Jamsetji Tata was by this time, though, already gripped by what would the three great ideas of his life: setting up an iron and steel company, generating hydroelectric power and creating an institution that would tutor Indians in the sciences. None of these ideas would come to fruition while Jamsetji Tata lived, but they were realised in full measure by those who followed him. 1892 In 1892, Jamsetji Tata established the JN Tata Endowment to encourage Indian scholars to take up higher studies. It was the first of a multitude of philanthropic initiatives by the Tata Group. Over generations, members of the Tata family have bequeathed much of their personal wealth to the many trusts they have created. These trusts today control 65.8 per cent of the shares of Tata Sons, the holding company of the group, and they support an assortment of causes, institutions and individuals. 1903 The most dazzling of the Tata enterprises that came into being during Jamsetji Tatas lifetime was the Taj Mahal Hotel in Bombay, which opened for business in 1903. Legend has it that Jamsetji Tata set his mind on building it after being denied entry into one of the city's fancy hotels for being an Indian. Today, the Taj Group of Hotels is a byword for luxury and quality, with standout properties across the world. JRD TATA- He was a great leader and motivator. He defined leadership as motivating others and therefore he adopted a management by consensus style. Major Developments Entrepreneurship

 He started with 14 enterprises and half a century when he left tata sons was a corporation of 95 enterprises. Under his expert guidance, the tata group successfully ventured into such diverse fields like power generation,iron,trucks,motors,chemicals,engineering,hotels,,computers,air conditioners,electronics,tea,cement,medicines,,cosmetics,venture capital and many others Aviation He established Indias first air travel company by the name of TATA AIRLINES which was later split into two companies Air India for Domestic and Indian Airlines for International air travel. Indian Airlines for International air travel was Indias first international airline launched. Social Responsibility Established Asias first cancer hospital, the Tata Memorial Centre For Cancer, Research and Treatment, Bombay, 1941. Founded TISS in 1936, TIFR in 1945 and the National Centre For Performing Arts.

RATAN TATA- He followed the democratic style of leadership and was very motivational. Being a man of few words he always believed in Influencing through integrity. He is placed at 9,9 on managerial grid and rated as 3 according to fielder model. Tata was a democratic leader can be best seen by the principles followed by Tata which were: Nothing worthwhile is ever achieved without deep thought and hard work. A good human relation not only brings great personal records but are essential for the success of any enterprise. Major Developments By 1998,single group logo created and the tata brand belonged to Tata Sons. In 1998 tata indica indias first indegeneously designed and manufactured carlaunched by tata motors. In 2000,tata tea acquires the Tetley group,UK.first major acquisition of an international brand by an Indian business group. In 2001 tata AIG- a joint venture between tata group and American International Group was set up. In 2002,tata sons acquires a controlling stake in VSNL. In 2002,TCS becomes the first Indian software companyto cross one billion dollars in revenue. In 2004, tata motorsis listed on the worlds largest stock exchange, the New York Stock Exchange. In the same year tata motors acquires the heavy vehicles unit of Daewoo Motors, South Korea In july 2004,TCS goes public in the largest private sector (IPO) in the Indian market,raising nearly $1.2 billion.

 In 2005,tata steel acquires Singapore based steel company Natsteel. In 2006, tata sky satellite television service launched acriss the country. In 2007, tata steel acquires the Anglo Dutch Company Corus, making it the worlds fifth largest steel. producer. In 2008 tata motors acquires the Jaguar and Land Rover brands from the Ford Motor Company. In 2009 tata motor announces the commercial launch of the TATA NANO.