Story of Tata group 

 

Tata is a Indian multinational company.tata company was founded by jamsetji Nusserwanji tata in 1868 . The headquarters of tata company in Mumbai. Tata is India’s largest conglomerate with product and service in over 150 countries, and operations in 100 countries across six continents . 1822 nusserwanji tata was born . He was a restless soul even as a child.he was 20 years old, he left his village and moved to Mumbai with a wife and a child. And tried to set a new business. He was running a cotton export business. He provided his son jamsetji with the best education of the time . And he send him to hong kong for business expansion. In 1859, when jamsetji was 20 years old, he was married and had a child. Jamsetji was very ambitious.

 

This led him to immense success,in his life of 65 years, jamsetji worked on 3 continents , started numerous cotton mills in India. He laid the foundation for the construction of India’s first steel factory, and launched India’s first 5 star hotel. 1822 nusserwanji tata was born . He was a restless soul even as a child.he was 20 years old, he left his village and moved to Mumbai with a wife and a child. And tried to set a new business. He was running a cotton export business. He provided his son jamsetji with the best education of the time . And he send him to hong kong for business expansion. In 1859, when jamsetji was 20 years old, he was married and had a child. Jamsetji was very ambitious. This led him immense success,in his life of 65 years, jamsetji worked on 3 continents , started numerous cotton mills in India. He laid the foundation for the construction of India’s first steel factory, and launched India’s first 5 star hotel.which can be enjoyed by people irrespective of their race . Then his son doradji tata ensures that the rest of his dream would become a reality.in 1910 tata steel plant was built and they hed started steel production.this time world war I began, the British Empire required a lot of steel then . So tata steel becomes the largest steel supplier in the country. Tata steel was used to make the British tanks . 1914 the tata group had become so huge that it encompassed 14 different companies. Dorabji tata oversaw the activities of the tatas till 1938 . Then 1947 India gained independence in 1947. After tha nationalisation , the nehru government offered jrd tata , a position to lead air India, that was gladly accepted by jrd tata . Jrd tata remained the chairperson of the tatas for 52 years. There were 95 companies in the tata group. If we talk about nelco specifically, jamsetji tata grandson was called to bring nelco back track . This was none other than mr Ratan Tata. He was working for the family business since 1962 . Ratan tata decided to stop manufacturing radios , and wanted to invest in new technology to survive nelco such as satellite communication. And in 1975 nelco market share was back at 20% . And in 1991 he was announced as the successor of jrd tata and he became the chairperson of the tata group.