Tata Industries. How big is Tata Industries. All about Tata.

Tata Industries| Tata industries has a huge business all around the world. Tata Industries is commonly known as Tata Group and Tata owns thousands of Business around the world. Tata owns Car companies to hotels, daily needs products and many more. So today we are going to discuss about How big is Tata? History of Tata Industries. All about the Tata Group. So Let's start :

 

Origins/ History of Tata :

To the extent cutting edge organizations go Tata is an old organization more seasoned than the vehicle controlled flight and family power. The company was founded way back in 1868 by Jamsetji Tata. In retrospect after Tata’s success some have held Tata as one of the founders of modern India. Born in 1839 Tata first professional role was working in his father's banking firm outside of Mumbai India. There was some key events in Tata life that would shape the history of India and eventually help shape the global business landscape. It would be travel that opened his eyes. Tata travelled to England America and Europe for business and through his opportunistic mind he saw that Indian companies could make a large impact in the textile industry which was dominated by the British at the time. In 1868, after learning from his time working in his father's banking firm a 29 year old Tata bought an old oil mill and murder into a cotton mill. This seemingly insignificant event was the very beginning of the multinational giant. Tata always had the inclination to care greatly for the people of India and had an interest in giving back. This is outlined by Tata’s for dream goals. During his life Tata strive for four simple goals within his heart they were : to create an island steel company, a world-class education institution, a hotel and a hydroelectric plant. It would just be the lodging that was to turn into a reality during Tata's life. It was completed one year before Jamsetji Tata’s death in 1903. In 1907, Tata Son Dorabji Tata would push to realize his dad's dream of Tata Steel, Asia's first and India's largest steel company. In 1911, the third dream was completed in the form of the Indian Institute of Science the preeminent Indian institution for research and education in science and engineering. The final piece of Tata’s original dream was realized in 1915, when Dorabji set up Tata hydroelectric power supply company, now currently India's largest private electric company. So to do so many things in so little time may seem like immense innovation for the early 20th century but there's a bigger picture to this. Tata as an organization was suspecting diversely in any event, when contrasted with worldwide practice at that point. To give you an idea of how forward-thinking title was for the time they started the eight-hour workday in 1912 and were one of the first companies in the world to implement the now standard practice. In 1917, the company introduced medical benefits for employees a very advanced business concept for the time. Since Jamsetji Tata’s founding of the company in 1868 the reigns have been handed down to multiple generations. The company's DNA would ensure success in the future.

Tata Present Day :

Today Tata operates 100 companies in more than 100 countries and exports to 150 countries. So that's all nice but how big is Tata exactly and what do they do? Well in 2014, the company made 103.27 billion dollars in revenue, in which 67 percent came from business outside of India. The Tata companies employ more than five hundred and eighty one thousand people worldwide. That's more than Samsung Group by the way. Tata is ranked 34th among the top 500 most valuable global brands according to brand finances global 500 2014 report. So that gives you an idea of financial size but what do they do? let's take a closer look at some of Tata’s companies. We have Tata Steel, Tata Motors, consultancy administrations, synthetic concoctions, worldwide refreshments, tele administrations, correspondences and Indian lodgings, Tata earthenware production, power, Tata Starbucks, Tata industry, Tata Sky, milestone book shops and the list goes on and just to top it off Tata actually owns the South Korean car manufacturer Daewoo but that isn't all. Tata has actually formed a habit of buying up British companies it's rather ironic if you know the 19th and 20th century relations between India and Britain. In 2000, they bought up the British company Tetley tea for 407 million dollars and then next there was Jaguar and Land Rover in 2008 after the GFC for 2.3 billion dollars. It's quite an interesting story. In 1999, Ratan Tata and his group were mortified when they went to offer Tata's engine division to Ford. Due to a poor response after a launch of a hatchback which happened to be Tata’s first passenger car. The American Ford officials showed interest and taking over the company but did say in a harsh manner. They told Tata you did not know anything why did you start a passenger car division at all? They said they'll help Tata out by purchasing the vehicle division. But as it turns out the deal didn't end up going through between Tata and Ford. At the time ford Owns Jaguar and Land Rover and couldn't really work out how to get the cars to sell. By 2008, things had gotten so bad that Ford had to sell Jaguar and Land Rover to the very company they had said a few years earlier were useless. Today Tata has turned Jaguar and Land Rover around and deals are doing great in the US. Tata motors net profits have increased to 771 million dollars net sales on the other hand have jumped 38% to about 63,000 crore rupees. Now sales at Jaguar Land Rover have jumped 19% driven largely because of the demand that we have seen coming in wood from the f-type as well as the XJ.

Okay so far in terms of size Tata may sound like a few other multinational conglomerates, but the surprising difference here is that Tata is actually very successful in many of their fields. For example Tata Communications is the world's biggest discount voice transporter and Tata Motors is among the main five business vehicle producers on the planet. Their steel division is among the top ten best steel makers, the communication services division is among the top 10 global IT service companies. The global beverages division is the second largest tea company in the world, and their chemical division is the world's second largest manufacturer soda ash which is used for the manufacturing of glass. Another aspect which makes Tata different and one of the reasons why I've grown to appreciate them at least as a company is their nature. Tata carries on its founders caring attitude and as a result they have a sort of self-imposed moral obligation. What do I mean by this? The company has actually made it a habit to return some of its wealth to society mainly through providing investments back into the local economy. This is not only true within India but in many countries around the globe. Tata is also very active in philanthropy through its trusts the company gives back in areas of medical research, technology, science, education, social welfare and health care. One example is the Tata Swach a compact in-home purification device that cost less than 21 US dollars. The idea of the Tata swach came to being from the 2004 tsunami which left thousands of people without clean drinking water. The device has filters that last about one year for a family of five. The advantage of this device is that it does not require any electricity and is very low cost. Due to activities like this in 2009, the title group was ranked number 11 in the world's top 100 reputable companies by Forbes magazine.

Conclusion :

So there you have it a true multinational conglomerate with a bit of difference. All in all it's amazing that just one man could leave a legacy that has lasted over a century. Let's finish off with a quote from Jamsetji Tata himself “In a free enterprise, the community is not just another stakeholder in the business but in fact the very existence of it”. What he said rings as evident today as it did more than 100 years prior. Companies really need to listen to their communities and users. And one last cool fact Jamsetji Tata has even founded a city in India that now has over 1.3 million people called as Jamshedpur.

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