The year 1868 will always remain special in the history of one of India¡¯s most prestigious business groups, the Tata Group. It was in this year when 29-year-old Jamsetji Nusserwanji Tata started a trading company with a capital of Rs 21,000 ¡ª the early beginnings of what one day became the Tata group.?
That is why Jamsetji Tata is known as the founder of the Tata group, and even the city of Jamshedpur in Jharkhand is named after him as he founded the city in 1919.
With the Rs 21,000 capital, Jamsetji¡¯s first expedition to England began soon, where he learnt about the textile business. He was convinced that there was tremendous scope for Indian companies to make a dent in the prevailing British dominance of the textile industry. Jamsetji made his move into textiles in 1869. He acquired a dilapidated and bankrupt oil mill in Chinchpokli, in the industrial heart of Bombay, renamed the property Alexandra Mill and converted it into a cotton mill.
Two years later, Jamsetji sold the mill for a significant profit to a local cotton merchant. He followed this up with an extended visit to England and an exhaustive study of the Lancashire cotton trade. The quality of men, machinery and products that Jamsetji saw during this sojourn was impressive, but he was certain he could replicate the story in his own country. Jamsetji believed he could take on and beat the colonial masters at a game they had rigged to their advantage, as per Tata group.
From about 1880 to his death in 1904, Tata group founder Jamsetji was consumed by what has to be the three great ideas of his life: setting up an iron and steel company, generating hydroelectric power, and creating a world-class educational institution that would tutor Indians in the sciences. None of these would materialise while Jamsetji lived, but the seeds he laid, the work he did and the force of will he displayed in fulfilling this triumvirate of his dreams ensured they would find glorious expression.
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From starting with Rs 21,000 capital in 1868, to now being a Rs 22 lakh crore business empire, Tata Group has truly come a long way under the guidance of the very few people who have held the position of the prestigious group¡¯s chairman. ?
As per a Business Today report, the combined market capitalisation of Tata Group companies was Rs 22.87 lakh crore on June 30. A month before that, i.e. in May, the combined revenue of the Tata group¡¯s key listed firms crossed the Rs 10 trillion mark for the first time, in FY2022-23.?
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From Ratan Tata to the late Cyrus Mistry, here's the list of 7 people who have headed the Tata group over the years, since its inception in 1868.
1.Jamsetji Tata (1868¨C1904)
2.Sir Dorabji Tata (1904¨C1932)
3.Nowroji Saklatwala (1932¨C1938)
4.J. R. D. Tata (1938¨C1991)
5.Ratan Tata (1991¨C2012)
6.Cyrus Mistry (2012¨C2016)
7.N.Chandrasekaran (2017¨Cpresent)
Also Read:?List Of Foundation Years Of Various?Tata Group?Companies
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