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Concept
Tata Group
Summary
The Tata Group (ˈtɑːtɑː) is an Indian multinational conglomerate headquartered in Mumbai. Established in 1868, it is India's largest conglomerate, with products and services in over 150 countries, and operations in 100 countries across six continents.
There are 29 publicly listed Tata Group companies with a combined market capitalisation of ₹23.6 lakh crore ($311 billion) as of March 2022. Significant affiliates include Tata Consultancy Services, Tata Consumer Products, Tata Motors, Tata Power, Tata Steel, Voltas, Titan Company, Tata Chemicals, Tata Communications, Trent, Indian Hotels Company, Air India, TajAir, Tata Advanced Systems, Tata Capital, Cromā, BigBasket and Tata Starbucks.
The company has attracted controversy for reports of cronyism, theft, and natural resources.
Jamshedji Nusserwanji Tata was born in 1839. Tata graduated from Elphinstone College in Bombay in 1858. Shortly afterwards, he joined his father’s trading firm that dealt in general merchandise. There, the junior Tata took a special interest in developing trade with China.
When the American Civil War caused a boom in the Bombay cotton market, Tata and his father joined the Asiatic Banking Corporation. When the tide ebbed, Tata's credit was left desolate. Fortunately, the firm’s credit was re-established during the next three years. A share in the lucrative contract for the commissariat of Napier’s expedition to Abyssinia in 1868 restored the family fortune.” In 1870 with Rs.21,000 capital, he founded a trading company. Further, he bought a bankrupt oil mill at Chinchpokli and converted it into a cotton mill, under the name Alexandra Mill which he sold for a profit after two years. In 1874, he set up another cotton mill at Nagpur named Empress Mill. He dreamed of achieving four goals, setting up an iron and steel company, a unique hotel, a world-class learning institution, and a hydroelectric plant. During his lifetime, in 1903, the Taj Mahal Hotel at Colaba waterfront was opened making it the first hotel with electricity in British India.
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