Welcome to renaissance team Team members Niveditha.j Shilpa.r Rashmi Chaitra manohar
Born December 28, 1937 (1937-12-28) (age 73)Bombay, Bombay Presidency, British IndiaResidence Colaba, Mumbai, IndiaNationality IndianEthnicity Parsi Alma mater Cornell UniversityHarvard UniversityOccupation Chairman of Tata Group Spouse UnmarriedAwards Padma Bhushan (2000) Padma Vibhushan (2008)Order of the British Empire (2009)Signature
Ratan N Tata has been the Chairman of TataSons, the promoter company of the Tata group, since1991.He is also the Chairman of the major Tatacompanies, including Tata Motors, Tata Steel, TataConsultancy Services, Tata Power, Tata GlobalBeverages, Tata Chemicals, Indian Hotels and TataTeleservices.During his tenure, the group’s revenues have grown
Mr Tata serves on the board of directors of Fiat SpA andAlcoa.He is also on the international advisory boards of MitsubishiCorporation, the American International Group, JP MorganChase, Rolls Royce, Temasek Holdings and the MonetaryAuthority of Singapore.He is a member of the Prime Minister’s Council on Tradeand Industry. He is the President of the Court of the Indian Institute ofScience and of the Council of Management of the TataInstitute of Fundamental Research.He also serves on the board of trustees of Cornell Universityand the University of Southern California, and is a member ofthe Global Business Council on HIV/Aids.
Mr Tata joined the Tata group in 1962. After serving in various companies, he was appointed director-in-charge of the National Radio and Electronics Company in 1971.In 1981, he was named Chairman of Tata Industries, the group’s otherpromoter company, where he was responsible for transforming it into agroup strategy think-tank, and a promoter of new ventures in hightechnology businesses.Mr Tata received a BS degree in architecture from Cornell in 1962. He worked briefly with Jones and Emmons in Los Angeles beforereturning to India, later that year.He completed the Advanced Management Program at HarvardBusiness School in 1975.The Government of India honoured Mr Tata with its second-highestcivilian award, the Padma Vibhushan, in 2008.He has also received honorary doctorates from several universities inIndia and overseas.
Ratan N Tata is the chairman of Tata Sons, the Tatapromoter companyOne hundred years from now, I expect the Tatas"to be much bigger than it is now. Moreimportantly, I hope the group comes to beregarded as being the best in India — best in themanner in which we operate, best in theproducts we deliver, and best in our valuesystems and ethics. Having said that, I hope thata hundred years from now we will spread ourwings far beyond India..."
BRIEF DETAILS ABOUT TATA GROUP industry Conglomerate Founded 1868 Founder(s) Jamsetji Tata Headquarters Bombay House Mumbai, India Area served Worldwide Key people Ratan Tata (Chairman) Products Steel Automobiles Telecommunications
Established by Jamsetji Tata in the second half of the 19th century, Tata has grown intoone of Indias biggest and most respected business organisations, thanks to itsentrepreneurial vision, its commitment to ideals that put people before profits, and itsfortitude in the face of adversity.History: A brief history of Tata, its enterprises and their evolution, its leaders and valuesystems. This is the story of a business house that has created wealth for a nation. It isPioneers:a story of struggle, anxiety, adventure and achievement. This is the story of the TataMilestones:pioneers. Highlights of Tatas evolution through the years.Lasting Legacies: A special edition of Tata Review, the Tata grouppublication, chronicling the lives and achievements of three Tata titans: JamsetjiTata, JRD Tata and Naval Tata.Tata Central Archives: Tata Central Archives is responsible for preserving the richhistory of Tata for future generations. It is a goldmine of information, a repository ofimportant documents —correspondence, photographs, awards, trophies, medals, citations, paintings, video andaudio clips, etc that relate to the genesis and development of Tata.
There is a difference between making money for oneself and creatingwealth for others. This is the story of a business house that has createdwealth for a nation. It is a story of struggle, anxiety, adventure andachievement. This is the story of our pioneers. Jamsetji Tata: The Founder of the Tata group began with a textile mill in central India in the 1870s. His powerful vision inspired the steel and power industries in India, set the foundation for technical educaton, and helped the country leapfrog from backwardness to the ranks of industrialised nations.Sir Dorab Tata: Through his endeavours in setting up Tata Steeland Tata Power, this elder son of Jamsetji Tata was instrumentalin transforming his fathers grand vision into reality. It was alsounder his leadership that the Sir Dorabji Tata Trust, the premiercharitable endowment of the Tatas, was created, propelling theTata tradition of philanthropy.
Sir Ratan Tata: Jamsetji Tatas younger son had a personality that reflected his sensitivity to the struggles of ordinary people and his desire to utilise his considerable wealth to enhance the quality of public life. A philanthropist all his life, he created a trust fund for "the advancement of learning and for the relief of human suffering and other works of public utility." The Sir Ratan Tata Trust is today the second largest of the Tata trusts.JRD Tata: The late chairman of the Tata Group pioneered civilaviation on the subcontinent in 1932 by launching the airline nowknown as Air India. That was the first of many path-breakingachievements that JRD, who guided the destiny of the Group formore than half a century, came to be
The Tata group is one of Indias oldest, largest and most respectedbusiness conglomerates. The groups businesses are spread over sevenbusiness sectors. Foundation Consolidation Expansion 1868-1931 1932-1989 1990 onwards The seeds of what would mature and become todays Tata group were laid long years before India became independent
1868: Jamsetji Nusserwanji Tata starts a private trading firm, laying the foundation of the Tata group.1874: The Central India Spinning, Weaving and Manufacturing Company is set up, marking the groups entry into textiles and its first large-scale industrial venture.1902: The Indian Hotels Company is incorporated to set up the Taj Mahal Palace and Tower, Indias first luxury hotel, which opened in 1903.1907: The Tata Iron and Steel Company (now Tata Steel) is established to set up Indias first iron and steel plant in Jamshedpur. The plant started production in 1912. Sets up its first office overseas, Tata Limited in London.1910: The first of the three Tata Electric Companies, The Tata Hydro-Electric Power Supply Company is set up. The second, Andhra Valley Power Supply Company was established in 1917 and Tata Power in 1919. The first two companies were merged with Tata Power in 2000 to form a single entity.1911: The Indian Institute of Science is established in Bangalore to serve as a centre for advanced learning.1912: Tata Steel introduces eight-hour working days, well before such a system was implemented by law in much of the West.
1917: The Tatas enter the consumer goods industry, with the Tata Oil Mills Company being established to make soaps, detergents and cooking oils. The company was sold to Hindustan Lever (now Unilever) in 1984.The Tata group ventured into new areas and built on the foundations, in spite of therestraints imposed by a controlled economy.1932: Tata Airlines, a division of Tata Sons, is established, opening up the aviation sector in India. Air India was nationalised in 1953.1939: Tata Chemicals, now the largest producer of soda ash in the country, is established.::1945: Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) is established to manufacture locomotive and engineering products. Tata Industries is created for the promotion and development of hi-tech industries.1952: Jawaharlal Nehru, Indias first Prime Minister, requests the group to manufacture cosmetics in India, leading to the setting up of Lakme. The company was sold to Hindustan Lever (now Unilever) in 1997.
1954: Indias major marketing, engineering and manufacturing organisation, Voltas, is established.1962: Tata Finlay (now Tata Tea), one of the largest tea producers, is established. Tata Exports is established. Today the company, renamed Tata International, is one of the leading export houses in India.1968: Tata Consultancy Services (TCS), Indias first software services company, is established as a division of Tata Sons.1971: Tata Precision Industries, the first Tata company in Singapore, is founded to design and manufacture precision engineering products.1984: The first 500 MW thermal power unit at the Trombay station of the Tata Electric Companies is commissioned.1995: Tata Quality Management Services institutes the JRD QV Award, modelled on the Malcolm Baldrige National Quality Value Award of the United States, laying the foundation of the Tata Business Excellence Model.
1996: Tata Teleservices (TTSL) is established to spearhead the groups foray into the telecom sector.1998: Tata Indica — Indias first indigenously designed and manufactured car — is launched by Tata Motors, spearheading the groups entry into the passenger car segment.1999: The new Tata group corporate mark and logo are launched.2000: Tata Tea (now Tata Global Beverages) )acquires the Tetley group, UK. This is the first major acquisition of an international brand by an Indian business group.2001: Tata AIG — a joint venture between the Tata group and American International Group Inc (AIG) — marks the Tata re-entry into insurance. (The groups insurance company, New India Assurance, set up in 1919, was nationalised in 1956).2002: Tata Sons acquires a controlling stake in VSNL (renamed Tata Communications in 2008), Indias leading international telecommunications service provider. Tata Consultancy Services (TCS) becomes the first Indian software company to cross one billion dollars in revenues. Titan launches Edge, the slimmest watch in the world.2004: Tata Motors is listed on the worlds largest bourse, the New York Stock Exchange, the second group company to do so after VSNL. Tata Motors acquires the heavy vehicles unit of Daewoo Motors, South Korea. TCS goes public in July 2004 in the largest private sector initial public offering (IPO) in the Indian market, raising nearly $1.2 billlion.
2005: Tata Steel acquires Singapore-based steel company NatSteel by subscribing to 100 per cent equity of its subsidiary, NatSteel Asia. VSNL (now Tata Communications) acquired Tyco Global Network, making it one of the worlds largest providers of submarine cable bandwidth. Tata Sons completes 60 years of Tata operations in the US. The Taj acquires a hotel run by Starwood, Sydney (renamed Blue) and takes over management of The Pierre, NY.2006: Tata Sky satellite television service launched across the country. Foundation stone for the Tata Medical Centre unveiled in Kolkata.2007: Tata Steel acquires the Ango-Dutch company Corus, making it the worlds fifth- largest steel producer. TCS inaugurates TCS China — a joint venture with the Chinese government and other partners. Computational Research Laboratories, a division of Tata Sons, develops Eka, one of the fastest supercomputers in the world and the fastest in Asia. The Taj acquires Campton Place Hotel in San Francisco. Tata Steel celebrates its centenary on August 26, 2007.
2008: Tata Motors unveils Tata Nano, the People’s Car, at the 9th Auto Expo in Delhi on January 10, 2008. Tata Motors acquires the Jaguar and Land Rover brands from the Ford Motor Company. Tata Chemicals acquires General Chemical Industrial Products Inc.2009: Tata Motors announces commercial launch of the Tata Nano; Tata Nano draws over 2.03 lakh bookings; first 100,000 owners of the Tata Nano chosen; delivers first Tata Nano in the country in Mumbai. Tata Motors ushers new era in Indian auto industry with its new, world-standard truck range. Tata Teleservices announces pan-India GSM service with NTT DOCOMO. TRF acquires Dutch Lanka Trailer Manufacturers (DLT), Sri Lanka, a world-class trailer manufacturing company. Jaguar Land Rover introduces its premium range of vehicles in India. Tata Motors acquires remaining 79 per cent shares in Hispano Carrocera, one of the largest manufacturers of bus and coach cabins in Europe. Tata Teleservices launches Photon TV, an application that allows Tata Photon Plus subscribers to watch live television channels on their laptops while on the move, and on their personal computers at home and in the office. Tata Chemicals launches Tata Swach — the world’s most cost-effective water purifier.
2010: TRF acquires UK-based Hewitt Robins International. New plant for Tata Nano at Sanand inaugurated. Advinus Therapeutics announces the discovery of a novel molecule — GKM-001 — for the treatment of type II diabetes. Tata DOCOMO launches its 3G services in Maharashtra and Gujarat. Brunner Mond acquires 100-per-cent stake in leading vacuum salt producer British Salt, UK.
The Tata group comprises over 90 operatingcompanies in seven business sectors: communications and information technologyengineeringmaterialsservices energy consumer products and chemicals.The group has operations in more than 80countries across six continents, and itscompanies export products and services to 85countries.
The total revenue of Tata companies,taken together, was $67.4 billion (aroundRs319,534 crore) in 2009-10, with 57 percent of this coming from business outsideIndia.Tata companies employ around 395,000people worldwide.The Tata name has been respected inIndia for 140 years for its adherence tostrong values and business ethics.
Every Tata company or enterprise operatesindependently.Each of these companies has its own board ofdirectors and shareholders, to whom it isanswerable.There are 28 publicly listed Tata enterprises andthey have a combined market capitalisation ofabout $108.35 billion (as on April 8, 2011), and ashareholder base of 3.5 million.The major Tata companies are Tata Steel, TataMotors, Tata Consultancy Services (TCS), TataPower, Tata Chemicals, Tata GlobalBeverages, Indian Hotels and TataCommunications.
Tata Steel became the tenth-largest steel maker in theworld after it acquired Corus, later renamed Tata SteelEurope.Tata Motors is among the top five commercial vehiclemanufacturers in the world and has recently acquiredJaguar and Land Rover.TCS is a leading global software company, withdelivery centres in the US, UK, Hungary, Brazil, Uruguayand China, besides India.Tata Global Beverages is the second-largest playerin tea in the world.Tata Chemicals is the world’s second largestmanufacturer of soda ash.Tata Communications is one of the world’s largestwholesale voice carriers.
In tandem with the increasing internationalfootprint of Tata companies, the Tata brand isalso gaining international recognition.Brand Finance, a UK-based consultancyfirm, recently valued the Tata brand at $11.22billion and ranked it 65th among the worlds Top100 brands.Business Week magazine ranked Tata 17thamong the 50 Most Innovative Companies list The Reputation Institute, USA, in 2009 ratedit 11th on its list of worlds most reputablecompanies.
Tata has philanthropicTata companies have always believed in returning wealth to thesociety they serve.Two-thirds of the equity of Tata Sons, the Tata promotercompany, is held by philanthropic trusts that have created nationalinstitutions for science and technology, medical research, socialstudies and the performing arts.The trusts also provide aid and assistance to non-governmentorganisations working in the areas of education, healthcare andlivelihoods.Tata companies also extend social welfare activities tocommunities around their industrial units. The combineddevelopment-related expenditure of the trusts and the companiesamounts to around 4 per cent of the net profits of all the Tatacompanies taken together.
Values and Tatas principal purpose is to improve thepurpose: quality of life of the communities it serves. The values and ideals that define the way the group functions help it do that.Tata Code of This comprehensive document serves as theConduct: ethical road map for Tata employees and companies, and provides the guidelines by which the group conducts its businesses
At the Tata group we are committed to improvingthe quality of life of the communities we serve.We do this by striving for leadership and globalcompetitiveness in the business sectors in which weoperate.Our practice of returning to society what we earnevokes trust amongconsumers, employees, shareholders and thecommunity. We are committed to protecting this heritage ofleadership with trust through the manner in which we
Tata has always been values-driven. Thesevalues continue to direct the growth andbusiness of Tata companies. The five coreTata values underpinning the way we dobusiness are:IntegrityUnderstandingExcellenceUnityResponsibility
This comprehensive document serves as the ethical road map for Tataemployees and companies, and provides the guidelines by which thegroup conducts its businesses.Clause:1 = National interestClause:2 = Financial reporting and recordsClause:3 = CompetitionClause:4 = Equal opportunities employerClause:5 = Gifts and donationsClause:6 = Government agenciesClause:7 = Political non-alignmentClause:8 = Health, safety and environmentClause:9 = Quality of products and servicesClause:10= Corporate citizenshipClause:11=Cooperation of Tata companiesClause:12=Public representation of the company and the groupClause:13=Third party representationClause:14=Use of the Tata brand
Clause:15=Group policiesClause:16=ShareholdersClause:17=Ethical conductClause:18=Regulatory complianceClause:19=Concurrent employmentClause:20=Conflict of interestClause:16=ShareholdersClause:17=Ethical conductClause:18=Regulatory complianceClause:19=Concurrent employmentClause:20=Conflict of interestClause:21= Securities transactions and confidential informationClause:22= Protecting company assetsClause:23= CitizenshipClause:24= Integrity of data furnishedClause:25= Reporting concerns