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Tata Group From Wikipedia, the free encyclopedia Jump to: navigation , search This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article may contain wording that promotes the subject in a subjective manner without imparting real information. Please remove or replace such wording and instead of making proclamations about a subject's importance, use facts and attribution to demonstrate that importance. (November 2011) The neutrality of this article is disputed . Relevant discussion may be found on the talk page . Please do not remove this message until the dispute is resolved . (November 2011) This article contains weasel words : vague phrasing that often accompanies biased or unverifiable information. Such statements should be clarified or removed . (November 2011) Tata Group Type Private Industry Conglomerate Founded 1868

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Tata GroupFrom Wikipedia, the free encyclopedia

Jump to: navigation, search This article has multiple issues. Please help improve it or discuss these issues on the talk page. This article may contain wording that promotes the subject in a subjective manner without imparting real information. Please remove or replace such wording and instead of making proclamations about a subject's importance, use facts and attribution to demonstrate that importance. (November 2011) The neutrality of this article is disputed. Relevant discussion may be found on the talk page. Please do not remove this message until the dispute is resolved. (November 2011) This article contains weasel words: vague phrasing that often accompanies biased or unverifiable information. Such statements should be clarified or removed. (November 2011)Tata Group

Type

Private

Industry

Conglomerate

Founded

1868

Founder(s)

Jamsetji Tata

Headquarters Mumbai, Maharashtra, India

Area served

Worldwide

Key people

Cyrus Pallonji Mistry (Chairman)[1]

Automotive, steel, information technology, Products electricity generation, chemicals, beverages, telecom, hospitality, retail, consumer goods, engineering goods US$ 100 billion (2011-12)[2] US$ 5.23 billion (2011-12)[2] US$ 77.7 billion (2011-12)[2]

Revenue

Profit

Total assets

Owner(s)

Tata Sons (Promoter) 455,947 (2011-12)[2]

Employees

Subsidiaries

List of subsidiaries

Website

www.tata.com

Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India.[3] It encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Tata Group was founded in 1868 by Jamsetji Tata as a trading company. It has operations in more than 80 countries across six continents. Tata Group has over 100 operating companies each of them operates independently out of them 32 are publicly listed.[4] The major Tata companies are Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan Industries, Tata Communications and Taj Hotels.[5] The combined market capitalisation of all the 32 listed Tata companies was $89.88 billion as of March 2012. Tata receives more than 58% of its revenue from outside India.[6] Tata Group remains a family-owned business, as the descendants of the founder (from the Tata family) owns majority stake in the company. The current chairman of the Tata group is Cyrus

Pallonji Mistry, who took over from Ratan Tata in 2012.[7] Tata Sons is the promoter of all key Tata companies and holds the bulk of shareholding in these companies. The chairman of Tata Sons has traditionally been the chairman of the Tata group. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The Tata Group is perceived to be India's best-known global brand within and outside the country as per an ASSOCHAM survey.[8] The 2009, annual survey by the Reputation Institute ranked Tata Group as the 11th most reputable company in the world.[9] The survey included 600 global companies. The Tata Group has helped establish and finance numerous quality research, educational and cultural institutes in India.[10][11] The group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of its long history of philanthropic activities.[12]

Contents[hide]

1 =History o 1.1 List of Tata Group Chairmen o 1.2 Subsidiaries o 1.3 Acquisitions o 1.4 Philanthropy o 1.5 Controversies and criticisms 1.5.1 Munnar, Kerala 1.5.2 Kalinganagar, Orissa 1.5.3 Dow Chemical, Bhopal Gas Disaster 1.5.4 Supplies to Burmas military regime 1.5.5 Land acquisition in Singur 1.5.6 Dhamra Port 1.5.7 Soda extraction plant in Tanzania o 1.6 Recognition o 1.7 See also o 1.8 References o 1.9 External links

[edit] =HistoryThe Tata Group was founded as a private trading firm in 1868 by entrepreneur and philanthropist Tata.[13] In 1902 the group incorporated the Indian Hotels Company to commission the Taj Mahal Palace & Tower, the first luxury hotel in India, which opened the following year. After Jamsetjis death in 1904, his son Sir Dorab Tata took over as chair of the Tata Group. Under Dorabs leadership the group quickly diversified, venturing into a vast array of new industries, including steel (1907), electricity (1910), education (1911), consumer goods (1917), and aviation (1932).[14]

Following Dorabs death in 1932, Sir Nowroji Saklatwala became the groups chair. Six years later Jehangir Ratanji Dadabhoy Tata (J.R.D.) took over the position. His continued expansion of the company into new sectorssuch as chemicals (1939), technology (1945), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968) earned Tata Group international recognition. In 1945 Tata Group established the Tata Engineering and Locomotive Company (TELCO) to manufacture engineering and locomotive products; it was renamed Tata Motors in 2003. In 1991 J.R.D.s nephew, Indian business mogul Ratan Naval Tata, succeeded him as chairman of the Tata Group.[15] Upon assuming leadership of the conglomerate, Ratan aggressively sought to expand it, and increasingly he focused on globalizing its businesses. In 2000 the group acquired London-based Tetley Tea, and in 2004 it purchased the truck-manufacturing operations of South Koreas Daewoo Motors. In 2001 Tata Group partnered with American International Group, Inc. (AIG) to create the insurance company Tata-AIG.

[edit] List of Tata Group Chairmen

Jamsetji Tata (18871904) Dorabji Tata (19041932) Nowroji Saklatwala (19321938) J. R. D. Tata (19381991) Ratan Tata (19912012) Cyrus Mistry (2012present)

[edit] SubsidiariesMain article: List of entities associated with Tata Group

Bombay House, the head office of Tata Group

Tata Bus

Tata Nano

Packages of Tata Tea

HimalayanTata Mineral Water

Tata bus in Sri Lanka This section lists the Tata companies and details their business: Chemicals

Tata Chemicals Rallis India Tata Pigments Limited General Chemical Industrial Products Brunner Mond Advinus Therapeutics Magadi Soda Company

Consumer Products

Tata Salt I-shakti Casa Dcor Tata Swach Tata Global Beverages

Tata Tea Limited is the world's second largest manufacturer of packaged tea and tea products.

Eight O'Clock Coffee Tata Ceramics Infiniti Retail (Crom) Tetley Tata Coffee Tata Industries Titan Industries Trent (Westside) Tata Sky TajAir Tata International Ltd. Tanishq Tata Refractories Westland

Energy

Tata Power is one of the largest private sector power companies. Tata BP Solar, a joint venture between Tata Power and BP Solar Hooghly Met Coke and Power Company Jamshedpur Utilities and Services Company Tata Power Delhi Distribution Ltd (Formerly Known as North Delhi Power Ltd) Powerlinks Transmission Tata Power Trading Tata Projects

Engineering

TAL Manufacturing Solutions Tata AutoComp Systems Limited (TACO) Hispano Carrocera Tata Motors, manufacturer of commercial vehicles (largest in India) and passenger cars o Jaguar Land Rover (Manager of Tata's British brands Jaguar cars and Land Rover o Tata Daewoo Commercial Vehicle Tata Projects Tata Consulting Engineers Limited Tata Cummins Telco Construction Equipment TRF Voltas, consumer electronics company Voltas Global Engineering Centre Tata Advanced Materials Tata Advanced Systems Tata Motors European Technical Centre Tata Petrodyne Tata Precision Industries Telcon Construction Equipment

Information Systems and Communications

Computational Research Laboratories INCAT Nelco Nelito Systems Tata Business Support Services Tata Consultancy Services Ltd. (TCS) is Asia's largest software company. Tata Elxsi Neotel Tata Interactive Systems Tata Technologies Limited Tata Teleservices Virgin Mobile India Tata Communications CMC Limited VSNL International Canada Tatanet, Managed connectivity and VSAT service provider Tata Teleservices Tata Teleservices (Maharashtra)

Services

Tata Sons

TKM Global ( Logistics and Supply Chain ) www.tkmglobal.net

The Indian Hotels Company Ginger Hotels Roots Corporation Landmark Bookstores Tata Housing Development Company Ltd. (THDC) Tata Limited TATA AIG General Insurance TATA AIG Life Insurance Tata AG Tata Asset Management Tata Financial Services Tata Capital Tata International AG Tata Investment Corporation Tata Advanced Systems Limited Drive India Enterprise Solutions Mjunction services Tata Quality Management Services Tata Realty and Infrastructure Limited Tata Interactive Systems Tata Africa Holdings Tata AutoComp Systems Tata Industrial Services Tata NYK Tata Services Tata Strategic Management Group Taj Hotels

Steel

Tata Steel Tata Steel Europe Tata Steel KZN Tata Steel Processing and Distribution JAMIPOL NatSteel Holdings Tata BlueScope Steel Tata Metaliks Tata Sponge Iron Tayo Rolls The Tinplate Company of India TM International Logistics

Core Sciences

Tata Institute of Fundamental Research

Tata Institute of Social Sciences

[edit] Acquisitions

February 2000 Tetley Tea Company, $407 million[16] March 2004 Daewoo Commercial Vehicle Company, $102 million August 2004 NatSteel's Steel business, $292 million November 2004 Tyco Global Network, $130 million July 2005 Teleglobe International Holdings, $239 million October 2005 Good Earth Corporation December 2005 Millennium Steel, Thailand, $167 million December 2005 Brunner Mond Chemicals, $120 million June 2006 Eight O'Clock Coffee, $220 million November 2006 Ritz Carlton Boston, $170 million January 2007 Corus Group, $12 billion[17] March 2007 PT Kaltim Prima Coal (KPC) (Bumi Resources), $1.1 billion April 2007 Campton Place Hotel, San Francisco, $60 million January 2008 Imacid Chemical Company, Morocco[6] February 2008 General Chemical Industrial Products, $1 billion March 2008 Jaguar Cars and Land Rover, $2.3 billion March 2008 Serviplem SA, Spain April 2008 Comoplesa Lebrero SA, Spain May 2008 Piaggio Aero Industries S.p.A., Italy June 2008 China Enterprise Communications, China June 2008 Neotel, South Africa October 2008 Miljo Grenland / Innovasjon, Norway

[edit] PhilanthropyThe Tata Group has helped establish and finance numerous quality research, educational and cultural institutes in India.[10][11] The Tata Group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of the group's long history of philanthropic activities.[12] Some of the institutes established by the Tata Group are:

Tata Institute of Fundamental Research Tata Institute of Social Sciences Indian Institute of Science National Centre for Performing Arts Tata Management Training Centre Tata Memorial Hospital Tata Football Academy Tata Cricket Academy Tata Trusts, a group of philanthropic organisations run by the head of the business conglomerate Tata Sons[18] The JRD Tata Ecotechnology Centre

The Energy and Resources Institute (earlier known as Tata Energy and Research Institute) a non governmental research institute.

The Tata Group has donated a Rs. 220 crore ($50 million) to the prestigious Harvard Business School (HBS) to build an academic and a residential building on the institutes campus in Boston, Massachusetts. The new building will be called the Tata Hall and used for the institutes executive education programmes.[19] The amount is the largest from an international donor in the business school's 102-year-old existence. The recent The Brand Trust Report,[20] 2011 has ranked TATA as the second most trusted brands of India. In a 2011 investor poll conducted by equity research firm Equitymaster, TATA Group was voted as the most trustworthy among the Indian corporate houses.[21] Over 61% of the respondents "showed their confidence in the Tata Group". The Tata Group retained its "Most Trustworthy" status in the 2012 edition of the poll.

Ratan Tata, the former chairman of Tata Group. One Tata project that brought together Tata Group companies (TCS, Titan Industries and Tata Chemicals) was developing a compact, in-home water-purification device. It was called Tata swach which means clean in Hindi and would cost less than 1000 rupees (US $21). The idea of Tata swach was thought of from the 2004 tsunami in the Indian Ocean, which left thousands of people without clean drinking water. This device has filters that last about a year long for a family of five. It is a low-cost product available for people who have no access to safe drinking water in their homes.[22] The advantage of this device is that it does not require the use of electricity.[23] TCS also designed and donated an innovative software package that teaches illiterate adults how to read in 40 hours. The children of the people who have been through our literacy program are all in school, says Pankaj Baliga, global head of corporate social responsibility for TCS.[22]

In 1912, Tata Group expanded their CEOs concept of community philanthropy to be included in the workplace. They instituted an eight-hour workday, before any other company in the world. In 1917, they recommended a medical-services policy for Tata employees. The company would be among the first worldwide to organise modern pension systems, workers compensation, maternity benefits, and profit-sharing plans.[22] Trusts created by Tata Group control 65.8% of company shares,[24] so it can be said that about 66% of the profits of Tata Group go to charity.[25] The charitable trusts of Tata Group fund a variety of projects, for example the Tata Swach and the TCS project. They founded and still support such cherished institutions as the Indian Institute of Science, Tata Institute of Fundamental Research, the National Centre for the Performing Arts and the Tata Memorial Hospital. Each Tata Group company channels more than 4 percent of its operating income to the trusts and every generation of Tata family members has left a larger portion of its profit to them.[22] After the Mumbai attacks, Salaries of then heavily attacked Taj Hotel employees were paid despite the hotel being closed for reconstruction. About 1600 employees were provided food, water, sanitation and first aid through employee outreach centres. Ratan Tata personally visited families of all the employees that were affected. The employees relatives were flown to Mumbai from outside areas and were all accommodated for 3 weeks. Tata also covered compensation for railway employees, police staff, and pedestrians. The market vendors and shop owners were given care and assistance after the attacks. A psychiatric institution was established with the Tata Group of Social Science to counsel those who were affected from the attacks and needed help. Tata also granted the education of 46 children of the victims of the terrorist attacks.[26][27]

[edit] Controversies and criticismsDespite their public commitment to philanthropy the Tata group has attracted several controversies and criticisms. Here are some:

[edit] Munnar, KeralaThe Kerala Government had filed an affidavit in the high court saying that Tata Tea had 'grabbed' forest land of 3,000 acres (12 km2) at Munnar. The Tatas, on the other hand, say they possess 58,741.82 acres (237.7197 km2) of land, which they are allowed to retain under the Kannan Devan Hill (Resumption of Lands) Act, 1971, and there is a shortage of 278.23 hectares in that. The then Chief Minister of Kerala V.S. Achuthanandan, who vowed to evict all government land in Munnar, formed a special squad for the Munnar land takeover mission and started acquiring back of the encroached government properties. However, later he had to abort the mission as there were many influential land grabbers and faced opposition from his own party.

[edit] Kalinganagar, OrissaOn 2 January 2006, policemen at Kalinganagar, Orissa, opened fire at a crowd of tribal villagers. The villagers were protesting the construction of a compound wall on land historically owned by

them, for a Tata steel plant. Some of the corpses were returned to the families in a mutilated condition. When pushed for comment, TATA officials said the incident was unfortunate but that it would continue with its plans to set up the plant.[28]

[edit] Dow Chemical, Bhopal Gas DisasterIn November 2006, survivors of the Bhopal gas disaster were outraged by Ratan Tatas offer to bail out Union Carbide and facilitate investments by Carbides new owner Dow Chemical. Tata had proposed leading a charitable effort to clean up the toxic wastes abandoned by Carbide in Bhopal. At a time when the Government of India has held Dow Chemical liable for the clean-up and requested Rs. 100 crores from the American MNC, survivors groups felt that Tatas offer was aimed at frustrating legal efforts to hold the company liable, and motivated by a desire to facilitate Dows investments in India.[29]

[edit] Supplies to Burmas military regimeTata Motors reported deals to supply hardware and automobiles to Burmas oppressive and antidemocratic military junta has come in for criticism from human rights and democracy activists. In December 2006, Gen. Thura Shwe Mann, Myanmars chief of general staff visited the Tata Motors plant in Pune.[30] In 2009, TATA Motors announced that it would press ahead with plans to manufacture trucks in Myanmar.[31][32]

[edit] Land acquisition in SingurThe Singur controversy[33] in West Bengal led to further questions over Tatas social record, with protests by locals and political parties(though the involvement of Mamata Banerjee's party is widely criticized as an act for political gains) over the forced acquisition, eviction and inadequate compensation to those farmers displaced for the Tata Nano plant. As the protests grew, and despite having the support of the Communist Party of India (Marxist) state government, Tata eventually pulled the project out of West Bengal, citing safety concerns. The Singur controversy was one of the few occasions when Ratan Tata was forced to publicly address criticisms and concerns on any environmental or social issue. Ratan Tata subsequently embraced Narendra Modi, the Chief Minister of Gujarat, who quickly made land available for the Nano project.[34]

[edit] Dhamra PortOn the environmental front, the Port of Dhamara controversy has received significant coverage, both within India and in Tatas emerging global markets.[35][36] The Dhamra port, a venture between Tata Steel and Larsen & Toubro, has come in for criticism for its proximity to the Gahirmatha Sanctuary and Bhitarkanika National Park, from Indian and international organisations, including Greenpeace. Gahirmatha Beach is one of the worlds largest mass nesting sites for the Olive Ridley Turtle and Bhitarkanika is a designated Ramsar site and Indias second largest mangrove forest. TATA officials have denied that the port poses an ecological threat, and stated that mitigation measures are being employed with the advice of the IUCN.[37] On the other hand, conservation organisations, including Greenpeace, have pointed

out that no proper Environment Impact Analysis has been done for the project, which has undergone changes in size and specifications since it was first proposed and that the port could interfere with mass nesting at the Gahirmtha beaches and the ecology of the Bitharkanika mangrove forest.[38][39] Protests by Greenpeace to Dhamra Port construction is also alleged to be less on factual data and more on hype and DPCL's (Dhamra Port Company Limited) response to Greenpeace questions harbours on these facts.[40][41]

[edit] Soda extraction plant in TanzaniaTata group, along with a Tanzanian company, joined forces to build a soda ash extraction plant in Tanzania.[42] The Tanzanian government is all for the project.[42] On the other hand, environmental activists are opposing the plant because it would be near Lake Natron, and it could possibly affect the lake's ecosystem and its neighbouring dwellers.[43] Tata was planning to change the site of the plant so it would be built 32 km from the lake, but the opposition still thinks it would negatively disturb the environment.[43] It could also jeopardise the Lesser Flamingo birds there, which are already endangered. Lake Natron is where two thirds of Lesser Flamingos reproduce.[44] Producing soda ash involves drawing out salt water from the lake, and then disposing the water back to the lake. This process could interrupt the chemical make up of the lake.[42] Twenty-two African nations are against the creation of the project and have signed a petition to stop its construction.[42]

[edit] RecognitionThe international brand consultancy Brand Finance has ranked the over $100-billion conglomerate, Tata Group, as 50th most valuable brand in the world. The most recent Global 500 report by Brand Finance shows that despite the controversies, Tata Group's brand value has soared to $15.08 billion for the current year compared to $11.2 billion last year in 2010.[45]

[edit] See alsoMumbai portal Companies portal Cars portal

Pallonji Mistry Noel Tata Sir Dorabji Tata and Allied Trusts Tata Sons Tata Communications

[edit] References1. 2. 3. 4. ^ "Chairman of Tata Sons by the board of directors after Ratan N Tata". Tata Group. http://www.tata.in/aboutus/sub_index.aspx?sectid=CEBLCxoD5rg=. Retrieved 21 June 2009. ^ a b c d "Tata Group Financial Statements". Tata Group. http://www.tata.com/htm/Group_Investor_GroupFinancials.htm. ^ "About us." Tata Group. Retrieved on 20 January 2011. "Contact Bombay House 24, Homi Mody Street Fort, Mumbai 400 001 India." ^ "A tradition of trust". Community Initiatives. Tata.com. Archived from the original on 23 May 2006. http://web.archive.org/web/20060523120904/http://www.tata.com/0_our_commitment/community_initiativ es/tata_trusts/overview.htm. Retrieved 30 October 2006. ^ "Tata Companies". Tata Group. http://www.tata.in/company/index.aspx?sectid=21vxqwHGkoo=. Retrieved 21 June 2009. ^ a b Timmons, Heather (4 January 2008). "Tata Pulls Ford Units Into Its Orbit". The New York Times. http://www.nytimes.com/2008/01/04/business/worldbusiness/04tata.html?sq=tata&st=cse&adxnnl=1&scp= 7&adxnnlx=1238497443-4R16x3p9Aj5a8CErvf45bw. Retrieved 21 June 2009. ^ "Tata Family Tree" (PDF). tatacentralarchives.com. Archived from the original on 25 March 2007. http://web.archive.org/web/20070325225313/http://www.tatacentralarchives.com/Heritage/FamilyTree.Pdf. Retrieved 2 June 2007. ^ "Tata Group seen as India's best-known global brand: Assocham survey". PTI. December 24, 2012. http://businesstoday.intoday.in/story/tata-groupindias-best-known-global-brand-assochamsurvey/1/190985.html. Retrieved 2012-12-24. ^ Kneale, Klaus (6 May 2009). "World's Most Reputable Companies: The Rankings". Forbes. http://www.forbes.com/2009/05/06/world-reputable-companies-leadership-reputation-table.html. Retrieved 21 June 2009. ^ a b "The rainbow effect". 4 May 2008. http://www.tata.com/0_our_commitment/community_initiatives/overview.htm. ^ a b "India's Tata Group: Empowering marginalized communities". 4 May 2008. http://www.synergos.org/globalgivingmatters/features/0503tatagroup.htm. ^ a b "U.S. and Indian philanthropists recognized for conviction, courage and sustained efforts". 4 May 2008. http://www.carnegiemedals.org/news/2007medals.html. ^ "Our Heritage". Tata Group. http://www.tata.co.in/htm/heritage/HeritageOption1.html. Retrieved 21 June 2009. ^ Huggler, Justin (1 February 2007). "From Parsee priests to profits: say hello to Tata". The Independent (UK). http://www.independent.co.uk/news/world/asia/from-parsee-priests-to-profits-say-hello-to-tata434575.html. Retrieved 21 June 2009. ^ Hazarika, Sanjoy (28 March 1991). "BUSINESS PEOPLE; Nephew to Take Over Tata Company in India". The New York Times. http://www.nytimes.com/1991/03/28/business/business-people-nephew-totake-over-tata-company-in-india.html. Retrieved 21 June 2009. ^ Tatas' shopping spree: 27 in 6 years at Rs 16,000 crore! ^ Tata Steel gives India a pound of UK ^ "Ratan Tata gifts $50m to Cornell varsity". The Economic Times (India). 21 October 2008. http://economictimes.indiatimes.com/ET_Cetera/Ratan_Tata_gifts_50m_to_Cornell_varsity/articleshow/36 22427.cms. Retrieved 21 June 2009. ^ "Tatas gift Rs220 crore to Harvard Business School Mumbai DNA". Dnaindia.com. 16 October 2010. http://www.dnaindia.com/mumbai/report_tatas-gift-rs220-crore-to-harvard-business-school_1453288. Retrieved 2 February 2011. ^ http://www.financialexpress.com/news/a-matter-of-trust/747288/0 ^ http://www.equitymaster.com/poll/Most-trustworthy-financial-reporting/index.asp Equitymaster poll 2011 results: Tatas most trustworthy

5. 6.

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10. 11. 12. 13. 14.

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20. 21.

22. ^ a b c d "Too good to Fail". February 2010. http://www.tata.com/company/Articles/inside.aspx?artid=HCy+RNqd0vk=. 23. ^ "Tata Swach". 14 December 2009. http://www.worldsstrangest.com/mental-floss/tata-swach/. 24. ^ "Tata Group Heritage". http://www.tata.com/htm/heritage/HeritageOption1.html. 25. ^ "Tata, Corporate Social Responsibility and Milton Friedman". 24 October 2005. http://indianeconomy.org/2005/10/24/tata-corporate-social-responsibility-and-milton-friedman/=. 26. ^ "Ratan Tata did for the Mumbai Terrorist Attack Victims". 14 May 2010. http://www.pravsworld.com/content/inspiration/378/what-ratan-tata-did-for-the-mumbai-terrorist-attackvictims. 27. ^ "Salute to Ratan Tata". 8 April 2010. http://rummuser.com/?p=3182. 28. ^ by Nityanand Jayaraman (24 May 2006). "CorpWatch : Stolen for Steel: Tata Takes Tribal Lands in India". Corpwatch.org. http://www.corpwatch.org/article.php?id=13620. Retrieved 16 July 2010. 29. ^ [1][dead link] 30. ^ ["Myanmar Ties." 8 December 2006. The Telegraph, Calcutta, India]. 31. ^ "India's Independent Weekly News Magazine". Tehelka. http://www.tehelka.com/story_main41.asp?filename=Op210209india_ethical.asp. Retrieved 16 July 2010. 32. ^ "Ansari visits Myanmar tomorrow, 3 MoUs to be signed". Zeenews.com. 4 February 2009. http://www.zeenews.com/nation/2009-02-04/504665news.html. Retrieved 16 July 2010. 33. ^ [www.rediff.com/money/2006/dec/09tata.htm] 34. ^ "Singurs loss". Hinduonnet.com. 7 November 2008. http://www.hinduonnet.com/fline/fl2522/stories/20081107252203700.htm. Retrieved 2 February 2011. 35. ^ India Tata in troubled waters, Ethical Corporation, November 2007, London, UK 36. ^ "India Tata in troubled waters Ethical Corporation". Ethicalcorp.com. http://www.ethicalcorp.com/content.asp?ContentID=5515. Retrieved 16 July 2010. 37. ^ http://www.tatasteel.com/dhamra-port-project-and-olive-ridley-turtles.doc 38. ^ "Documents And Reports | Save the turtles". Greenpeace.in. 12 June 2009. http://greenpeace.in/turtle/category/docs. Retrieved 16 July 2010. 39. ^ "Sea dredging affecting Olive Ridley turtles, says green body". Thaindian.com. 5 April 2008. http://www.thaindian.com/newsportal/enviornment/sea-dredging-affecting-olive-ridley-turtles-says-greenbody_10034689.html. Retrieved 16 July 2010. 40. ^ http://www.eco-dhamra.com/environment/pdf/Greenpeace20Reply_July'07.pdf 41. ^ http://www.eco-dhamra.com/environment/pdf/Greenpeace20Reply_8thMar08.pdf 42. ^ a b c d "Dar annoys neighbours over $400m soda ash project". The East African (Nation Media Group). 5 November 2007. http://www.theeastafrican.co.ke/news/-/2558/256646/-/t682syz/-/index.html. Retrieved 21 June 2009. 43. ^ a b Magubira, Patty (16 May 2008). "Tanzania: UK Activists Pile Pressure Against Soda Ash Project". The Citizen (Dar es Salaam: AllAfrica.com). http://allafrica.com/stories/200805160426.html. Retrieved 21 June 2009. 44. ^ Pathak, Maulik (31 October 2007). "Tata Chemicals' African safari hits green hurdle". The Economic Times (India). http://economictimes.indiatimes.com/Chem__Fertilisers/Tata_Chemicals_African_safari_hits_green_hurdl e/articleshow/2504026.cms. Retrieved 21 June 2009. 45. ^ http://www.rediff.com/business/slide-show/slide-show-1-nine-indian-brands-amongst-worlds-500best/20110324.htm

[edit] External links

Official website [show]

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Jamsetji Nasarwanji Tata3 March 1839 Navsari, Gujarat

Born

Died

19 May 1904 (aged 65) Bad Nauheim, German Empire Indian

Nationality

Occupation

Founder of Tata Group

Religion Spouse(s)

Zoroastrianism Hirabai Daboo

Parents

Nusserwanji and Jeevanbai Tata

Tata Steel OUR MISSION Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strivesto strengthen India s industrial base through the effective utilisation of staff andmaterials. The means envisaged to achieve this are high technology and productivity,consistent with modern management practices. Tata Steel recognises that while honesty and integrity are the essential ingredients of a strong and stable enterprise, profitability provides the main spark for economicactivity.Overall, the Company seeks to scale the heights of excellence in all that it does in anatmosphere free from fear, and thereby reaffirms its faith in democratic values. OUR VISIONNotes on Vision 2007 To seize the opportunities of tomorrow and create a future that willmake us an EVA positive company:

To be on the lookout for and shape theopportunities to get the first-mover advantage and remain ahead of

competition. The opportunities could exist in emerging technologies, newbusiness models, value creation, customer service, new products, services orbusinesses, financing options etc. To mobilize all resources and effortsthrough value based management that will help us earn returns better thanthe cost of capital. The equation below shows that the EVA is positive whenthe RONA is greater than the cost of the capital invested. EVA = (RONA WACC) X Invested CapitalEVA Economic Value AddRONA Return on Net Assets (= Net Operating Profit After Tax/ Net Assets)WACC Weighted Average Cost of CapitalOur resolve to become EVA positive is significant in the context of industry structurefor steel business worldwide. There are few steel companies that have returned valueconsistently. We believe that Tata Steel can do so based on its strengths and newinitiatives. To continue to improve the quality of life of our employees and thecommunities we serve. Tata Steel will continue to be guided by the TATAgroups endeavour to improve the quality of life of the communities we serve(e.g. Customers, customers customers, suppliers, governments, shareholders,local community etc). The company has always tried to maintain a goodquality of life for its employees. The company, ahead of any legislation,introduced provident fund, maternity leave, eight hour working etc. Similarspirit will continue to guide our future efforts in improving the quality of life of our employees. Revitalize the core business for a sustainable future: The core businessis sought to be revitalized by a comprehensive set of initiatives under theASPIRE program. Aspirational initiatives will be taken in each area of ourenterprise to reduce costs and enhance revenues coupled with financeprudence to galvanize the core business into an attractive investment option.By making the core business EVA positive we wish to ensure its long termsustainability. Venture into new businesses that will own a share of our future: Bythe year 2007 we expect to enter into at least one major new business thatwould have grown comparable in size to the core business. We also expect tocontinuously evaluate and expand the new businesses to compliment thecyclical nature of the steel business. Uphold the spirit and values of TATAs towards nation building: Evenas the face of the new business may be fundamentally different from ourexisting core businesses what will bind them together will be the spirit and thevalues of TATAs. It is our belief that upholding these values will continue to bethe reason for our enduring success and respectability. SponsoredLinks

Ratan Tata Biography : Tata Group Chairman Famous for : Being a wealthy billionaire Indian businessman and chairman of theTata Group, one of the largest conglomerate companies in India. Tata details : Born - 28th of December, 1937 Mumbai, India / Lives India::: Woopidoo>Business People Home > Ratan Tata Bio Biography - InformationRatan Tata became the Chairman of the Tata Group in 1981 after serving as Chairman incharge of the Nelco division of the group. Tata is India's largest conglomerate and includes thebrands Tata Motors, Tata Steel, Tata Power, Indian Hotels, as well as other brands labeledunder the Tata name.Ratan Tata was born on December 28, 1937 in Mumbai, India in one of the richest families inthe country. His great grandfather, Jamsedji Tata, was the founder of the Tata group andpassed the power and inheritance down to his family. Ratan Tata grew up in a brokenhousehold, however, after his parents split in the mid-1940s and he and his brother were raisedby their grandmother, Lady Navajbai.Tata was a good student and studied hard at the Campion School in Mumbai followed bystudies in architecture and structural engineering at Cornell University. He graduated with hisbachelors degree in 1962 and joined the Tata Group in December of that same year. Tata's first job with the Group involved working with the Tata Steel division where he worked with the blue-collar employees shoveling stone and working with the furnaces.Although this original job was physically difficult, it helped Ratan Tata gain a better understanding and appreciation for the business and he gradually began taking on moreresponsibility. In 1971, Tata became Director-in-Charge of the National Radio & ElectronicsCompany Limited (Nelco) in order to help its struggling finances. Ratan Tata helped build abetter consumer electronics division but the economic recession and union strikes preventedhis vision from taking hold.Tata was eventually moved to Empress Mills in 1977, a struggling textile mill within the TataGroup. Ratan Tata renewed the vision for the mill but the larger Tata Group was not inagreement with his advice. Instead, the mill was shut down and liquidated in 1986, to Tata'sdisappointment, and he was moved to the Tata Industries, another holding company.With Tata Industries, Ratan Tata was able to transform the management and vision of thedivision and bring in significantly larger dividends. This renewed financial success helped bringthe Tata Group to the New York Stock Exchange and gave the company even moreinternational power and prestige. Ratan Tata

continued to acquire different industries for theTata Group, eventually purchasing the steel an aluminum producer, Corus Group as well as

The long journey of Tata Steel has seen the Company re-define its performance parameters in a number of ways to become the global steel industry benchmark for value creation and corporate citizenship. It ensures a total commitment to its ethical business practices and a people oriented vision.

VisionWe aspire to be the global steel industry benchmark for Value Creation and Corporate Citizenship

We make the difference through:Our People By fostering teamwork, nurturing talent, enhancing leadership capability and acting with pace, pride and passion.

Our Offer By becoming the supplier of choice, delivering premium products and services and creating value for our customers.

Our Innovative Approach By developing leading edge solutions in technology, processes and products.

Our Conduct By providing a safe workplace, respecting the environment, caring for our communities and demonstrating high ethical standards.

Archives

Mission

Consistent with the vision and values of the founder Jamsetji Tata, Tata Steel strives to strengthen Indias industrial base through the effective utilization of staff and materials. The means envisaged to achieve this are high technology and productivity, consistent with modern management practices.

Tata Steel recognizes that while honesty and integrity are the essential ingredients of a strong and stable enterprise, profitability provides the main spark for economic activity.

Overall, the Company seeks to scale the heights of excellence in all that it does in an atmosphere free from fear, and thereby reaffirms its faith in democratic values.

The Tata Group: MilestonesBy Team Entrepreneur|

16 January 2010

1868 Jamsetji Nusserwanji Tata starts a private trading firm, laying the foundation for 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 in 1903. 1904 Jamsetjis eldest son Sir Dorab Tata takes over. 1907 The Tata Iron and Steel Company (now Tata Steel) is established to set up Indias first iron and steel plant in Jamshedpur. 1910 The first of the three Tata Electric Companies, The Tata Hydro-Electric Power Supply Company is set up. 1934 Nowroji Saklatwala holds temporary reins. 1938 JRD Tata brings control back to the family. 1939 Tata Airlines is established, opening up the aviation sector in India. 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. 1952 Jawaharlal Nehru, Indias first Prime Minister, requests the Group to manufacture cosmetics in India, leading to the setting up of Lakme. 1954 Indias major marketing, engineering and manufacturing organization, Voltas, is established. 1962 Tata Finlay (now Tata Tea), one of the largest tea producers, is established. 1968 Tata Consultancy Services (TCS), Indias first software services company, is established. 1991 Ratan Tata brings in the new guard. 1996 Tata Teleservices (TTSL) is established to lead the groups foray into the telecom sector. 1998 Tata Indica Indias first indigenously designed and manufactured car is launched by Tata Motors,. 2000 Tata Tea 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 with the American International Group Inc (AIG) marks the Tata re-entry into insurance. 2002 Tata Sons acquires a controlling stake in VSNL, renaming it Tata Communications in 2008. 2006 Tata Sky satellite television service launched across the country. 2007 Tata Steel acquires the Ango-Dutch steel maker Corus, and emerges as the worlds fifthlargest steel producer. 2008 Tata Motors unveils Tata Nano, the Peoples Car, and acquires the Jaguar and Land Rover brands from the Ford Motor Company. Entrepreneur October 2009

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Tags: Jamsetji Nusserwanji Tata, Jawaharlal Nehru, JRD Tata, milestones, Ratan Tata, Tata, Tata GroupIndias first fully indigenous passenger car and Tata Safari Indias first sports utility vehicle launched. 2 millionth vehicle rolled out.

2000CNG buses launched.

2001100,000th Indica rolled out. Indica V2, Tata Safari EX and CNG

Indica launched.

2002Petrol version of Indica V2, Tata Indigo,

Tata 207 DI and Tata Sumo+ launched. 200,000th Indica and 500,000th passenger vehicle rolled out.

2003Tata Engineering renamed Tata Motors 3 millionth vehicle rolled out. 135 PS Tata Safari EXi Petrol and Tata

SFC 407 EX Turbo launched.

2004Tata Motors acquires Daewoo

Commercial Vehicle Company. Tata Daewoo Commercial Vehicle Company (TDVC) launches the heavy duty truck Novus in Korea. Sumo Victa, Indigo Marina and Tata LPT 909 EX launched. Tata Motors lists on the NYSE.

2005Tata Motors acquires 21 per cent

stake in Hispano Carrocera SA. One millionth passenger car sold. Tata Ace, Indias first mini truck; Tata Novus; Safari Dicor; Tata TL 4x4 Indias first Sports Utility Truck (SUT); and branded buses and coaches Starbus and Globus launched. Novus range of medium trucks launched in Korea by TDCV

2006Tata Motors and Marcopolo, Brazil,

announce joint venture to manufacture fully built buses and coaches for India and markets abroad. TDCV develops South Koreas first LNG-powered tractor-trailer. Tata Motors and Fiat form industrial joint venture to produce cars, engines, transmissions in India. Indica V2 Xeta launched.

2007

Indigo XL, Indias first stretch

limousine; Winger, Indias only maxivan; Magic, a comfortable, safe, fourwheeler public transportation mode; Sumo Victa Turbo DI; Safari DICOR 2.2 VTT range and Indica V2 Turbo; launched. Common rail diesel (DICOR) engine extended to Indigo sedan and estate range. Launch of Tata Spacio, a new upgraded range of utility vehicle. Tata Motors and Thonburi Automotive Assembly Plant Co (Thonburi), announce formation of a JV company in Thailand to manufacture, assemble and market pick-up trucks. Fiat Group and Tata Motors announce establishment of joint venture in India. One millionth passenger car rolled off the Indica platform. Fiat and Tata enter into an agreement for pick-up production in Argentina. Iveco and Tata Motors sign an MoU to explore strategic alliance opportunities. 100,000th Ace rolled out.

2008Peoples Car, Nano, unveiled at the

ninth Auto Expo. Xenon, 1-tonne pick-up truck launched in Thailand. Indigo CS (compact sedan) worlds first sub four-metre sedan, Indica V2 DICOR and Sumo Grande launched. Tata Motors signs definitive agreement with Ford Motor Company to purchase Jaguar and Land Rover.

Milestones12 Tata Review May 2008

Significant events at Tata Motors in the past decade