Brand of the month – TATA
The Tata group has contributed in significant yet unnoticed ways to India’s growth story ever since its founding in 1868. For the past 150 years, Tata firms have been a silent force advancing the country and the aspirations of India’s more than one billion people. Here is how Tata been affecting the lives of the people across the globe.
The Tata Group is a Mumbai-based multinational conglomerate with Indian roots. It was founded in 1868 and is now the largest conglomerate in India, with activities in 100 nations spanning six continents and the sale of goods and services in over 150 nations. Jamsetji Tata, who is recognised as the creator of the Tata Group, is occasionally referred to as the “father of Indian industry.”
After purchasing multiple multinational corporations, the organisation attained recognition on a global scale. Under the direction and control of its own board of directors and shareholders, each Tata firm runs on its own. Tata Sons, the holding company for the Tata family, is controlled by philanthropic trusts to the tune of 66%, with the Tata family having a very modest stake.The company generated an estimated 190 billion US dollars in sales annually as of 2022.
Tata Group Companies
As of 2022, the market value of the 29 publicly traded Tata Group Companies was $240 billion (INR 21 trillion). Tata Consultancy Services, Tata Motors, Tata Consumer Products, Titan Company, Tata Power, Tata Steel, Voltas, Tata Capital, Tanishq, Tata Chemicals, Tata Communications, Trent, Tata Elxsi, Indian Hotels Company, Air India, TajAir, Tata Cliq, Crom, BigBasket, and Tata Starbucks are just a few of the significant companies that belong to the Tata Group.
Amazing Facts about Tata:
- In 1868, Jamsetji Tata established the Tata Group as a private trading company. He had four dreams at the time: establishing a hydroelectric plant, a distinctive hotel, an elite educational institution, and an iron and steel corporation. Now, it is the largest conglomerate in India. It has operations in 100 nations across six continents and sells goods and services in over 150 nations.
- After the Indian Railways and the Indian Defense Forces, it employs about 700,000 people, making it India’s third largest employer.
- In 2018, 4.5 billion cups of Tetley tea were drunk daily worldwide, making Tata Global Beverages the second-largest tea firm in the world.
- The Tata group has made a major contribution to India’s success story. It contributed around 4% to the GDP of the nation in 2018 and paid 2.244% of all taxes collected in India, totalling a staggering 47,195 crore—the highest sum paid by any corporate organisation.
- The Tatas’ dedication to sustainability and society included staff volunteering, known as Tata Engage over 150,000 volunteers from all Tata companies participated in the first four years. Employees had the option to mentor and coach non-profits as part of the Pro-Engage Project, which primarily took place on weekends, during holidays, and after work hours.
- The Tatas founded Tata Industries in 1945, the first technology organisation in Indian business, at a time when management as a science was still in its infancy, even in Western nations.
- Empress Mills, the flagship textile company of Tatas, provided a healthy work environment in its factories by installing humidifying systems and dust-removing equipment to protect the health of his employees and machinery in the late 1880s, when there was no electricity in India. They also implemented provident fund, gratuity, and accident compensation schemes, which were unheard of in India and many other parts of the world at the time.
- A century before the term “clean energy” first gained popularity, Sir Dorabji Tata, the second Chairman of Tata Sons and the son of Jamsetji Tata, provided Mumbai with affordable and clean energy through hydroelectric power generation in 1910 through the Tata Hydro Electric Company (now Tata Power).
- In response to a request from Prime Minister Jawaharlal Nehru’s office, Tatas launched the Lakme brand of cosmetics in 1952.
- The World Health Organization (WHO) asked Tata Steel for assistance in 1974 when the Chota Nagpur region had become the epicentre of the smallpox epidemic. The business provided resources and labour in response. 82 towns and 20,500 villages received vaccinations in six months. For the first time ever, India was certified smallpox-free by 1975.
- In India, one of the earliest businesses to provide stock options to employees was Tata Chemicals in 1981.
- Employees were even given loans with forgiving terms to purchase debentures, as well as special support from outside organisations who educated them about investors.
- Large Indian conglomerates like Reliance and Aditya Birla, as well as comparable corporations in other nations like Siemens, Mitsubishi, GE, and Berkshire Hathaway, have created less wealth for shareholders in the 25 years since India’s economic liberalisation than the Tata companies have.
- The Indian Railways exams—more usually known as the largest hiring drive in the world—are made possible by Tata’s technology. In fact, their platform hosts the IIMs and IITs entrance tests, two of India’s most important entrance exams.
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