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Tata Group

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Tata Group
टाटा समूह
Type Private Conglomerate (BSE)
Founded 1868 by Jamshetji Tata
Headquarters Mumbai and Navi Mumbai, Maharastra, India
Key people Ratan Tata
NA Soonawala, JJ Irani, RK Krishna Kumar, R Gopalakrishnan, Ishaat Hussain, Kishor Chaukar, Arunkumar Gandhi and Alan Rosling[1]
Industry Engineering
Materials
Information technology
Communication
Automotive
Chemicals
Energy
Products Steel
Automobiles
Telecommunications
Software
Hotels
Consumer goods
Revenue US$ 72.5 billion[2](Feb 2009)
Net income ▲ US$ ? billion (FY 2007)
Employees 350,000 (2008)

The Tata Group (Hindi: टाटा समूह) is a multinational conglomerate based in Mumbai, India. In terms of market capitalization and revenues, Tata Group is the largest private corporate group in India and has been recognized as one of the most respected companies in the world.[3][4] It has interests in steel, automobiles, information technology, communication, power, tea and hospitality. The Tata Group has operations in more than 85 countries across six continents and its companies export products and services to 80 nations. The Tata Group comprises 114 companies and subsidiaries in seven business sectors [5], 27 of which are publicly listed. 65.8% of the ownership of Tata Group is held in charitable trusts.[6] Companies which form a major part of the group include Tata Steel, Corus Steel, Tata Motors, Tata Consultancy Services, Tata Technologies, Tata Tea, Titan Industries, Tata Power, Tata Communications, Tata Teleservices, Tata AutoComp Systems Limited and the Taj Hotels.

The group takes the name of its founder, Jamsetji Tata, a member of whose family has almost invariably been the chairman of the group. The current chairman of the Tata group is Ratan Tata, who took over from J. R. D. Tata in 1991 and is currently one of the major international business figures in the age of globality.[7] The company is currently in its fifth generation of family stewardship. [8]

The TATA group is 11th most reputable company in the world according to Forbes.[9]

Contents

[edit] History

The beginnings of Tata Group can be traced back to 1868,[10] when Jamsetji Nusserwanji Tata established a trading company dealing in Opium in Bombay. [11] This was followed by the installation of Empress Mills in Nagpur in 1877. Taj Mahal Hotel in Bombay was opened for business in 1903. Sir Dorab Tata, the eldest son of Jamsetji became the chairman of the group after his fathers death in 1904. Under him, the group ventured into steel production (1905) and hydroelectric power generation(1910). After the death of Dorab Tata in 1934, Nowroji Saklatwala headed the group till 1938. He was succeeded by JRD Tata. The group expanded significantly under him with the establishment of Tata Chemicals (1939), Tata Motors and Tata Industries (both 1945), Voltas (1954), Tata Tea (1962), Tata Consultancy Services (1968) and Titan Industries (1984). Ratan Tata, the incumbent chairman of the group succeeded JRD Tata in 1991.[12]

[edit] Engineering

  • TAL Manufacturing Solutions exports titanium-composite floor beams that are installed in the Boeing 787 aircraft.[13]
  • Tata AutoComp Systems Limited (TACO) and its subsidiaries, auto-component manufacturing
  • Tata Motors (formerly Tata Engineering and Locomotives Company Ltd (TELCO)), manufacturer of commercial vehicles (largest in India) and passenger cars
  • Jaguar and Land Rover
  • Tata Projects
  • TCE Consulting Engineers
  • Telco Construction Equipment Company
  • TRF Bulk Material Handling Equipment & Systems and Port & Yard Equipments.
  • Voltas, consumer electronics company

[edit] Energy

  • Tata Power is one of the largest private sector power companies. It supplies power to Mumbai, the commercial capital of India and parts of New Delhi.

[edit] Chemicals

[edit] Services

  • The Indian Hotels Company
  • Tata Housing Development Company Ltd. (THDC)
  • Tata-AIG General Insurance, a joint venture with AIG
  • Tata-AIG Life Insurance, a joint venture with AIG
  • Tata Asset Management
  • Tata Financial Services
  • Tata Capital
  • Tata Investment Corporation
  • Tata Quality Management Services
  • Tata Share Registry
  • Tata Strategic Management Group (TSMG) is one of the largest consulting firms in South Asia.
  • Tata Services

[edit] Consumer Products

  • Tata Salt, I Shakti Salt, Tata Salt Lite
  • Tata Ceramics
  • Infiniti Retail
  • Tata Tea Limited is the world's second largest manufacturer of packaged tea and tea products. It also owns the Tetley brand of tea sold primarily in Europe.
  • Titan Industries manufacturers of Titan watches
  • Trent (Westside)
  • Tata Sky
  • Tata International Ltd - Leather Products Division
  • Tanishq jewelery
  • Star Bazaar

[edit] Information systems and communications

[edit] The Tata logo

The Tata logo was designed by the Wolff Olins consultancy. The logo is meant to signify fluidity; it may also be seen as a fountain of knowledge; maybe a tree of trust under which people can take refuge.

[edit] Philanthropy and nation building

The Tata Group has helped establish and finance numerous quality research, educational and cultural institutes in India. It is the one of the leading and enormously respected philanthropic corporate entity in India[14][15]. The Tata Group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of the group's long history of philanthropic activities[16]. Some of the institutes established by the Tata Group are:

A comprehensive list is available on the company website.

[edit] Tata acquisitions and targets

  • February 2000 - Tetley Tea Company, $407 million
  • 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 Limited, $120 million
  • June 2006 - Eight O'Clock Coffee, $220 million
  • November 2006 - Ritz Carlton Boston, $170 million
  • Jan 2007 - Corus Group, $12 billion
  • March 2007 - Bumi Resources, $1.1 billion
  • April 2007 - Campton Place Hotel, San Francisco, $60 million
  • 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
  • Imacid chemical company, Morocco [18]

[edit] Targets

[edit] Revenue

Tata gets more than half of its revenue from outside India. [18]

[edit] Environmental Record

Tata, along with a Tanzanian company, joined forces to build a soda ash extraction plant in Tanzania.[19] The Tanzanian government is all for the project.[19] 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 neighboring dwellers.[20] 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.[20] It could also jeopardize the Lesser Flamingo birds there, which are already endangered. Lake Natron is where two thirds of Lesser Flamingos reproduce.[21] 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.[19] Twenty-two African nations are against the creation of the project and have signed a petition to stop its construction.[19]

Tata, together with L&T, is building one of India’s largest ports at Dhamra, Orissa. This is less than 15 km from the turtle mass nesting beaches at Gahirmatha, and five kilometers from the Bhitarkanika National Park, India’s second largest mangrove forest and home to the saltwater crocodile. The plan immediately met with considerable protest from conservation circles. Greenpeace India has launched a campaign to garner public support in order to stop the port construction.[22] Added to this were the social dimensions. Concerned about the impacts from this project on the local environment and therefore their livelihoods, the Orissa Traditional Fishworker’s Union, who represent the concerns and interests of over 100,000 fishermen, vocally and publicly opposed the construction of the port. In 2007, construction at the port site commenced. Coincidentally, the 2007-2008 turtle season saw no mass nesting at Gahirmatha. The project has also invited criticism from over 200 national and international scientists, including over 30 experts of the IUCN’s marine turtle specialist group.[citation needed]

[edit] See also

[edit] References

  1. ^ "GEO and GCC". Tata Group. http://www.tata.com/aboutus/articles/inside.aspx?artid=HRrcG3jvdLA=&sectid=+WjDO3hy9ls=. Retrieved on 2009-06-21. 
  2. ^ "Leadership with trust". Tata Group. http://www.tata.com/aboutus/sub_index.aspx?sectid=8hOk5Qq3EfQ=. Retrieved on 2009-06-21. 
  3. ^ "Financial Times / PricewaterhouseCoopers World's Most Respected Companies Survey 2004" (PDF). The Financial Times. http://specials.ft.com/spdocs/wmrc2004_bycountry.pdf. Retrieved on 2009-06-21. 
  4. ^ "Complete Rankings". World's Most Respected Companies. Forbes. May 21, 2007. http://www.forbes.com/2007/05/21/reputation-institute-survey-lead-citizen-cx_sm_0521companies_table.html. Retrieved on 2009-06-21. 
  5. ^ "Tata Companies". Tata Group. http://www.tata.in/company/index.aspx?sectid=21vxqwHGkoo=. Retrieved on 2009-06-21. 
  6. ^ "A tradition of trust". Community Initiatives. Tata.com. http://www.tata.com/0_our_commitment/community_initiatives/tata_trusts/overview.htm. Retrieved on 2006-10-30. 
  7. ^ Sirkin, Harold L; James W. Hemerling, and Arindam K. Bhattacharya (11-06-2008). GLOBALITY: Competing with Everyone from Everywhere for Everything.New York: Business Plus, 304. ISBN 0446178292.
  8. ^ "Tata Family Tree" (PDF). tatacentralarchives.com. http://www.tatacentralarchives.com/Heritage/FamilyTree.Pdf. Retrieved on 2007-06-02. 
  9. ^ Kneale, Klaus (May 6, 2009). "World's Most Reputable Companies: The Rankings". Forbes. http://www.forbes.com/2009/05/06/world-reputable-companies-leadership-reputation-table.html. Retrieved on 2009-06-21. 
  10. ^ "Our Heritage". Tata Group. http://www.tata.co.in/htm/heritage/HeritageOption1.html. Retrieved on 2009-06-21. 
  11. ^ Huggler, Justin (February 1, 2007). "From Parsee priests to profits: say hello to Tata". The Independent. http://www.independent.co.uk/news/world/asia/from-parsee-priests-to-profits-say-hello-to-tata-434575.html. Retrieved on June 21, 2009. 
  12. ^ Hazarika, Sanjoy (March 28, 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-to-take-over-tata-company-in-india.html. Retrieved on June 21, 2009. 
  13. ^ "India's Tata Group to supply parts for Boeing Dreamliner". Agence France-Presse. Google News. February 6, 2008. http://afp.google.com/article/ALeqM5hPLDpu6bLmTgk5mXHXMgUR0moZSw. Retrieved on June 21, 2009. 
  14. ^ "The rainbow effect". May 4, 2008. http://www.tata.com/0_our_commitment/community_initiatives/overview.htm. 
  15. ^ "India's Tata Group: Empowering marginalized communities". May 4, 2008. http://www.synergos.org/globalgivingmatters/features/0503tatagroup.htm. 
  16. ^ "U.S. and Indian philanthropists recognized for conviction, courage and sustained efforts". May 4, 2008. http://www.carnegiemedals.org/news/2007medals.html. 
  17. ^ "Ratan Tata gifts $50m to Cornell varsity". The Economic Times. October 21, 2008. http://economictimes.indiatimes.com/ET_Cetera/Ratan_Tata_gifts_50m_to_Cornell_varsity/articleshow/3622427.cms. Retrieved on June 21, 2009. 
  18. ^ a b Timmons, Heather (January 4, 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 on June 21, 2009. 
  19. ^ a b c d "Dar annoys neighbours over $400m soda ash project". The East African (Nation Media Group). November 5, 2007. http://www.theeastafrican.co.ke/news/-/2558/256646/-/t682syz/-/index.html. Retrieved on June 21, 2009. 
  20. ^ a b Magubira, Patty (May 16, 2008). "Tanzania: UK Activists Pile Pressure Against Soda Ash Project". The Citizen (Dar es Salaam: AllAfrica.com). http://allafrica.com/stories/200805160426.html. Retrieved on June 21, 2009. 
  21. ^ Pathak, Maulik (October 31, 2007). "Tata Chemicals' African safari hits green hurdle". The Economic Times. http://economictimes.indiatimes.com/Chem__Fertilisers/Tata_Chemicals_African_safari_hits_green_hurdle/articleshow/2504026.cms. Retrieved on June 21, 2009. 
  22. ^ "Tata can save the turtles". Greenpeace India. http://greenpeace.in/turtle/. Retrieved on 2009-06-21. 

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