Tata family


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Tata family

  1. 1. TATA FAMILY<br />Tata family, family of Indian industrialists and philanthropists who founded ironworks and steelworks, cotton mills, and hydroelectric power plants that proved crucial to India’s industrial development.<br />The Tata were a Parsi priestly family who originally came from the former Baroda state (now Gujarat). The founder of the family’s fortunes was HYPERLINK "http://www.britannica.com/EBchecked/topic/584075/Jamsetji-Nasarwanji-Tata" o "Jamsetji Nasarwanji Tata" Jamsetji Nasarwanji Tata (born March 3, 1839, Navsari [India]—died May 19, 1904, Nauheim, Ger.). After an education at Elphinstone College in Bombay (Mumbai), he joined his father’s export trading firm in 1858 and helped establish branches of the company in Japan, China, Europe, and the United States. In 1872 he concentrated on cotton manufacturing, founding mills at Nagpur in 1877 and, later, at Bombay and Coorla. His enterprises were noted for efficiency, for improved labour-protection policies, and for the introduction of finer grades of fibre. He also introduced the production of raw silk to India and planned for the Bombay-area hydroelectric power plants that became the Tata Power companies after his death.<br />Tata began organizing India’s first large-scale ironworks in 1901, and these were incorporated in 1907 as HYPERLINK "http://www.britannica.com/EBchecked/topic/584086/Tata-Iron-and-Steel-Company" o "Tata Iron and Steel Company" Tata Iron and Steel Company. Under the direction of his sons, Sir Dorabji Jamsetji Tata (1859–1932) and Sir Ratanji Tata (1871–1932), the Tata Iron and Steel Company became the largest privately owned steelmaker in India and the nucleus of a group of companies producing not only textiles, steel, and hydroelectric power but also chemicals, agricultural equipment, trucks, locomotives, and cement. The family’s industrial facilities were concentrated in the city of Jamshedpur, in Bihar state.<br />In 1898 Tata donated land for a research institute that was later founded by his sons as the Indian Institute of Science, at Bangalore (Bengaluru). The Tata family went on to become perhaps the most important private funder of technical education and scientific research in India. Upon the death of Sir Dorabji in 1932, Sir Naoroji Saklatvala, one of the founder’s nephews, became chairman of the Tata corporate group. On his death in 1938, HYPERLINK "http://www.britannica.com/EBchecked/topic/584078/JRD-Tata" o "Jehangir Ratanji Dadabhoy Tata" Jehangir Ratanji Dadabhoy Tata (1904–93), whose father, R.D. Tata, had been a cousin and partner of the founder, became chairman. J.R.D. Tata founded Tata Airlines (1932), which was nationalized in 1953 and split up to form India’s chief domestic and international air carriers: HYPERLINK "http://www.britannica.com/EBchecked/topic/285626/Indian-Airlines" o "Indian Airlines" Indian Airlines Corporation and HYPERLINK "http://www.britannica.com/EBchecked/topic/10715/Air-India" o "Air-India" Air-India, respectively. By the late 1950s the Tata group of companies controlled the largest single aggregation of Indian industry. J.R.D. Tata was succeeded as chairman by his nephew, Ratan Naval Tata<br />Tata acquisitions and targets<br />February 2000 - Tetley Tea Company, $407 million<br />March 2004 - Daewoo Commercial Vehicle Company, $102 million<br />August 2004 - NatSteel's Steel business, $292 million<br />November 2004 - Tyco Global Network, $130 million<br />July 2005 - Teleglobe International Holdings, $239 million<br />October 2005 - Good Earth Corporation<br />December 2005 - Millennium Steel, Thailand, $167 million<br />December 2005 - Brunner Mond Chemicals Limited, $120 million<br />June 2006 - Eight O'Clock Coffee, $220 million<br />November 2006 - Ritz Carlton Boston, $170 million<br />Jan 2007 - Corus Group, $12 billion<br />March 2007 - PT Kaltim Prima Coal (KPC) (HYPERLINK "http://en.wikipedia.org/wiki/Bumi_Resources"Bumi Resources), $1.1 billion<br />April 2007 - Campton Place Hotel, San Francisco, $60 million<br />February 2008 - General Chemical Industrial Products, $1 billion<br />March 2008 - Jaguar Cars and Land Rover, $2.3 billion<br />March 2008 - Serviplem SA, Spain<br />April 2008 - Comoplesa Lebrero SA, Spain<br />May 2008 - Piaggio Aero Industries S.p.A., Italy<br />June 2008 - China Enterprise Communications, China<br />June 2008 - Neotel, South Africa.<br />October 2008 - Miljo Grenland / Innovasjon, Norway<br />Imacid Chemical Company, Morocco [21]<br />Revenue<br />ata gets more than 2/3rd of its revenue from outside India.<br />Chemicals<br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Chemicals" Tata Chemicals <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=NtdsclCYELE=" Rallis India <br /> HYPERLINK "http://www.tatapigments.co.in/" Tata Pigments Limited <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=TjMvcSCqrhI=" General Chemical Industrial Prod<br />Consumer Products<br />Tata Salt<br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_swach" Tata Swach <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=HBhdLH6AQyg=" Tata Global Beverages <br /> HYPERLINK "http://en.wikipedia.org/wiki/Eight_O%27Clock_Coffee" Eight O'Clock Coffee <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=j8AJ8Y9w9J8=" Tata Ceramics <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=oH90Rc8X7Dg=" Infiniti Retail <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Tea_Limited" o "Tata Tea Limited" Tata Tea Limited is the world's second largest manufacturer of packaged tea and tea products. <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tetley" Tetley <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Coffee" Tata Coffee <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=Lcs3+HH2zZ4=" Tata Industries <br /> Titan Industries<br /> HYPERLINK "http://en.wikipedia.org/wiki/Crom%C4%81" Cromā <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Sky" Tata Sky <br /> HYPERLINK "http://en.wikipedia.org/wiki/IndiGo_Airlines" o "IndiGo Airlines" IndiGo Airlines <br /> HYPERLINK "http://en.wikipedia.org/wiki/TajAir" TajAir <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=kaXBh/aZSgk=" Tata International Ltd. <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tanishq" Tanishq<br />Services<br /> HYPERLINK "http://en.wikipedia.org/wiki/TATA_AIG_General_Insurance" TATA AIG General Insurance <br /> HYPERLINK "http://en.wikipedia.org/wiki/TATA_AIG_Life_Insurance" TATA AIG Life Insurance<br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=YEKKiewgmmY=" Tata Quality Management Services <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=jiUxOW+AdeU=" Tata Realty and Infrastructure Limited <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Interactive_Systems" Tata Interactive Systems<br />Steel<br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Steel" Tata Steel <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Steel_Europe" Tata Steel Europe <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=u9wgPMOW4y0=" Tata Steel KZN<br />information systems and communications<br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Teleservices" Tata Teleservices <br /> HYPERLINK "http://en.wikipedia.org/wiki/Virgin_Mobile_India" Virgin Mobile India <br /> HYPERLINK "http://en.wikipedia.org/wiki/Tata_Communications" Tata Communications<br /> HYPERLINK "http://tatanet.co.in" Tatanet, Managed connectivity and VSAT service provider <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=5UOAOqSGf7Q=" Tata Teleservices <br /> HYPERLINK "http://www.tata.com/company/profile.aspx?sectid=yDljG2k9UGQ=" Tata Teleservices (Maharashtra)<br />The story of the Tata Group of business unfolds with the birth of its founder Jamshedji Tata in the small town of Navasari in Gujarat in 1839. He breathed his last in 1904 in Germany. His parents were Nuseerwanji and Jeevanbai Tata. Nusserwanji was the first businessman in a family of Parsi Zorastrian priests. Destiny called him to Bombay where he started trading. Jamshedji joined him at the tender age of fourteen. He took admission in Elphinstone College and while still a student he married Hirabai Daboo. Jamshedji graduated in 1858 and joined his father’s trading firm.<br /> Those were turbulent times. The British had just managed to ruthlessly crush the 1857 Revolt. Since the age of twenty-nine Jamshedji continued to work in his father’s firm. In 1868 he started a trading company on his own with a capital of Rs.21, 000/- His first step was to acquire a bankrupt oil mill and convert it into a cotton mill which he renamed Alexander Mill. Two years later he sold it with a good margin of profit. With this he set up a cotton mill in Nagpur in 1874. Queen Victoria had just been declared the Empress and in keeping with the times Jamshedji named it Empress Mill. Jamshedji was a unique personality. He did not just think of innovative ways of manufacturing textiles but he devised new labor practices that would satisfy the workers. In this way he was far ahead of his times. It was not just his own personal success but also of those who worked for him and his group. Jamshedji was in close contact with revolutionary thinkers and nationalists like Dadabhai Naoroji and Pherozeshah Mehta and strongly influenced by them. He came to the conclusion that economic self-sufficiency should go hand in hand with political independence. The former should be the base of the latter. Jamshedji had three key ideas in mind. He wanted to set up an iron and steel company, world class learning institution and a hydroelectric plant. Unfortunately during his lifetime none bore fruit but he had planted the seed, which later took roots and spread its branches under the care of his successors. The only achievement that he lived to see was The Taj Mahal Hotel. It was completed in December 1903 for a princely amount of Rs.4, 21, 00,000/-In this too he was inspired by nationalist thinking. In those days the locals, that is Indians, were not allowed into the best European Hotels. Taj Mahal Hotel was a befitting reply to this discrimination.Tata Group is a private conglomerate with headquarters at Mumbai. The present Chairman is Ratan Tata who took over from J.R.D. Tata in 1991. A member of the Tata family is always the Chairman of the group. Its operations covers many fields related to industry and allied activities concerned with know-how and its application –engineering, information technology, communications, materials, automotive, chemicals energy, telecommunications, software, hotels, steel and consumer goods. The statistics and figures of Tata Group speak for themselves. Its revenue touches $967,229 million or $21.9 billion in 2005/06. This is equal to 2.8% of India’s GDP. There are about 246.000 employees in the Tata group as per records of 2004. Market capitalization figure is $57.6 billion. There are ninety-six companies operating in seven business sectors.  Only twenty-eight of the ninety-six in Tata Group are publicly listed. Tata operates in more than forty countries across six continents. It exports products and services to one hundred and forty nations. The Charitable Trust of Tata holds 65.8% of the ownership of Tata groupTISCO now called Tata steel set up in 1907 India’s first iron and steel plant in Jamshedpur, which is often called Tatanagar. Production actually started in 1912. It produces steel at the lowest cost in the world. This is mainly because it is assisted by group member concern that deals with the supply of raw material like coal and iron. In 1910 was set up Tata Hydro-Electric Power Supply Company. In 1917 the Tata group made its debut in the field of consumer goods industry with the setting up of Tata Oil Mill dealing in soaps, detergents and cooking oil. 1932 saw the establishment of Tata airlines. Tata Chemicals made its appearance in 1939. Telco now known as Tata Motors started to manufacture locomotive and engineering products from 1945. January 2007 is a watershed in the history of Tata Group. Tata steel made a successful bid for UK based Corus Group, which was one of the world’s leading steel and aluminum producers. After an unprecedented nine rounds of bidding Tata finally clinched the deal. Tata offered to buy 100% stake in Corus at 608p per share (all cash) totaling to a value of $12.04 billion. It has turned out to be the biggest acquisition by any Indian company. Tata Power is one of the largest private sector companies in India and supplies power to Mumbai and parts of New Delhi. Then there are Tata Chemicals and Tata Pigments. In the service sector there are Tata companies dealing with hotels, general insurance and life insurance. Tata offers management, economic and financial consultancy services. Tata is one of the best names in the world of investments and shares. In the area of education Tata’s publishing house of Tata McGraw Hill is a renowned name. Many renowned public sector companies and research organizations like Indian Institute of Science, Tata Institute of Fundamental Research, Tata Institute of Social Sciences, Tata Energy Research Institute and Air India (Tata Airlines) owe their origins to the name of Tata. Other educational institutes are Tata Institute of Science – now Indian Institute of Science, Bangalore, Tata Institute Of Fundamental Research – deemed University, Tata Management Training center, Pune, Tata Institute Of Social Science – deemed University and National Centre for the Performing Arts The name of Tata is linked to consumer durables like tea, watches (Titan) Tata Trent (Westside) to Tata Sky and even gold and diamonds like Tanishq brand of jewellery.In information systems and communications the Tata name comes with Computational & Research Laboratories, INCAT, Nelco, Nelito Systems, TCS and Tata Elxsi. There are software companies – Tata Interactive Systems, Tata Infotech, Tata Technologies Ltd, Tata Teleservices, Tatanet etc. Tata acquired VSNL, the Indian telecom giant from Bermuda based Canadian company named Teleglobe in 2005.The aim of Tata Group is to improve the quality of life in the society by virtue of integrity, understanding, excellence, unity and responsibility. The entire family known as the Tata Group shares these values. Tata’s contribution to India’s education, science and technology has been widely documented and respected. The blue colored log of Tata speaks for fluidity as well as fountain of knowledge. It can also be seen as a tree under which all are welcome to take refuge.  <br />BIRLA GROUP<br />The Birla family is one of the foremost business houses in India. The fore-father of the Birla family is Shiv Narain Birla, a member of the Marwari community from Pilani, in the westerly state of Rajasthan. He moved to Bombay around 1857 to establish a trading house. His son, Baldeodas Birla moved to Calcutta in 1961 to set up his own business. Since then, the Birla family has grown into one of the wealthiest families in India and even today, the Birla name is considered synonymous with wealth and power in India. The family businesses vary from commodities and textile to automobiles, Information Technology and telecom. Their businesses have expanded and stroked across the entire world from Australia to Americas.<br />The Birla's are known for their work and support of the nation during the freedom struggle, and the family were close friends of Mahatma Gandhi.<br />Business groups of Birla family<br />M.P Birla Group<br />B.K.Birla Group<br />K.K Birla Group<br />Aditya Birla Group<br />Yash Birla Group<br />By the Birla Group reference is made to one of the foremost business houses in India headed by the Birla family for generations. Its business interests are vast and varied ranging from petrochemicals and textiles to automobiles and Infocom as well as financial services.The story of the Birla Group goes back to 1870 when Seth Shiv Narayan Birla, belonging to the Marwari community of West Rajasthan, set up a cotton and jute trading business in Pilani, Rajasthan. In the 19th century Baldeo Das Birla, son of Shiva Narayana Birla, moved to Calcutta. At that time Calcutta was the hub of activity of the British Empire and consequently the nascent Freedom Movement. The Birlas are proud of their closeness and support to the movement and was very near to Mahatma Gandhi. Even today, about two hundred years after the beginning of the Birla story, the name is identical with not only with wealth and power but also with dignity and respect. Business runs in their veins and each generation has been a credit to the legendary name of Birla.In 1919 the Ghanashyam Das Birla, one of the four sons of Baldeo Das Birla, set up jute mills in West Bengal and thus laid the foundation for the beginning of the Birla industrial empire. In 1947 the Birlas set up Grasim weaving plant and from 1958 added rayon to the list.Aditya Birla, grandson of Ghanashyam Das Birla, continued successfully with the legacy he had inherited. In 1969 he began to take giant strides outside India targeting international expansion. In Thailand the Birlas set up Indo-Thai synthetics. It was followed in 1978 by Carbon Black production also in Thailand. In 1988 Indo-Gulf was formed under the name of Hindalco for production fertilizers. Unfortunately in 1995 Aditya Birla died.The son of Aditya Birla, Kumar Mangalam Birla, picked up the Birla flag. As part of the first step towards streamlining and restructuring AT &T was formed. In 1998 Indo-Gulf copper production started. In the same year Birla entered Canada with the purchase of Atholville Pulp Mill in New Brunswick. In 1999 Birla forayed into the financial arena and entered into a joint venture with Canada’s Sun Life. The beginning of the new century saw Birla AT&T merge with Tata Communications. Hindalco acquired Indal. In 2002 Indo Gulf fertilizers started and Anapurna Foils was acquired. In 2003 Nifty copper and Mt. Gordon copper mines in Australia are acquired by Birla. Liaonig Birla was started as the beginning of a joint venture with China in the field of carbon black. Indal merged with Hindalco the following year. A new aluminum venture was started in Orissa in 2005. In the same year St. Anne Nackawic Pulp Mill is acquired in Canada. Plans are now afoot to set up a new viscose stable fiber plant in Laos.The Birla group has aptly laid out its objectives to be a premium international conglomerate with a clear focus on each and every business unit.  Birla’s mission is to deliver the very best to its customers, shareholders and employees bearing in mind its commitment to the welfare of society at large. Birla values are all about integrity, commitment, zeal, seamlessness and speed.Kumar Mangalam Birla, born in 1967, the chairman of the Aditya Birla Group, is bearing the Birla torch with credit. Fortune magazine has listed him as the eighth youngest billionaire outside India. He is running major companies such as Grasim, Hindalco, UltraTech Cement, Aditya Biral Nuvo and Idea Cellular.  JV’s include Birla Sun Life (financial services) and Birla NGK (Insulators). He is the Chairman of the entire blue chip companies group in India and serves as director on the board of the group’s international companies stretching across Thailand, Indonesia, Malaysia, Philippines and Egypt. The wide circle includes Canada, China, Laos, USA, UK and Australia. Kumar Mangalam Birla is also on the board of G.D. Biral Medical research and education Foundation and member of the Board of the governors of BITS, Pilani. He is a member of London Business School’s Asia Pacific Advisory Board, which counsels on strategy and curriculum. He is honorary fellow of London Business School. The media has not been left behind in heaping him with accolades. Both NDTV and Hindustan Times have voted him as the Businessman of the Year.Aditya Birla Management Corporation is worth $8 billion and operates in more than fifteen countries. It is one of the first of India’s truly multinational corporations. A vast force of 88,000 employees belonging to twenty different nations holds this $12 billion conglomerate together. More than 23% of its revenues come in from operations outside India. Apart from India, the manufacturing units are in countries like Malaysia, Laos, Indonesia, Philippines, Egypt, Australia, China, USA, UK, Germany and Hungary. The listed products are viscose stable fibre, non-ferrous metals, cement, viscose filament yarn, branded apparel, carbon black, chemicals, fertilizers, sponge iron, insulators, financial services, telecom. BPO and IT services. The global position of Birla is worth noting. Birla is first in production of viscose stable fiber, third in insulators, fourth in carbon black, eleventh in cement and fourth in aluminum.  It claims to be the largest single location of custom copper smelting, and has the most energy efficient fertilized plant amongst fifteen to world’s top BPO companies. In this field India ranks among the top three.Business runs through the blood and genes of the Birlas. The family has divided into many branches and of them another prominent name is that of M.P. Birla and his group of companies known as the M.P. Birla Group. M.P. Birla, the son of R.D. Birla, was another grandson of Baldeo Das Birla. This Birla group has over five hundred factories covering a wide range of industries – textiles, man-mad fibers, cables, woolens, automobiles, industrial and textile machines, sugar, paper, shipping, cement, jute, aluminum, copper, fertilizers, chemicals, power plants etc. the M.P. Birla Group carries on forty joint ventures and management contracts with Nigeria, Kenya, England, Philippines, Indonesia, Thailand, Uganda, Ethiopia, The names of the M.P. Birla group of companies are Birla corporation Ltd, Universal Cables Ltd, Vindhya Telelinks Ltd, Birla Ericsson Optical Ltd and Optic Fibre Goa Ltd. These have headquarters in Calcutta, Satna, Rewa Salcete, Bhiwani and Mumbai.<br />Sources :<br />www.google.com<br />www.wikipedia.com<br />