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Home Networth

Tata Group Net Worth: A look at the growth strategy

admin by admin
April 21, 2023
in Networth, Blog
Tata Group Net Worth: A look at the growth strategy
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Tata Group Net Worth: A look at the growth strategy

Tata Group, founded by Jamsetji Tatain 1868, is a Mumbai-based multinational conglomerate with Indian roots. It 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.

After acquiring a number of multinational businesses, the organisation attained recognition on a global scale. With the support and oversight of its own board of directors and shareholders, each Tata firm runs autonomously. The Tata family owns only a tiny portion of Tata Sons—66% is under the authority of philanthropic trusts. The company generated a projected $128 billion in sales annually as of 2022. It made up 4% of the GDP in 2018 and paid 2.24 percent of all taxes in India, the largest percentage of any corporate organisation.

Tata Group Companies:

Tata Consultancy Services, Tata Consumer Products, Tata Motors, Tata Power, Tata Steel, Voltas, Titan Company, Tanishq, Tata Chemicals, Tata Communications, Trent, Tata Elxsi, Indian Hotels Company, Air India, TajAir, Tata Cliq, Tata Capital, Crom, and Tata Starbucks are just a few of the significant companies that belong to the Tata Group.

Background Story:

“Jamshedji Nusserwanji Tata was born in 1839, shortly after Macaulay had departed for England to pen his renowned history of that country. In 1858, he received his degree from Bombay’s Elphinstone College. Soon after, he joined the general merchandise trading company his father had founded. There, the young Tata showed a keen interest in expanding trade with China.

He established a commercial company in 1870 with a capital of 21,000 rupees. Additionally, he acquired a failing oil mill in Chinchpokli and turned it into a cotton mill, renaming it Alexandra Mill, which he later sold for a profit.

He built the Empress Mill, a new cotton mill in Nagpur, in 1874. He envisioned himself accomplishing four objectives: founding an iron and steel industry, a distinctive hotel, a top-tier educational facility, and a hydroelectric project. He lived through the opening of the Taj Mahal Hotel at Colaba’s shoreline in 1903, which made it India’s first hotel with electricity.

When Jamsedji Tata passed away in 1904, his older son Dorabji Tata took over as chairman. In 1907, Sir Dorabji founded the Tata Iron and Steel Company (TISCO), which is now known as Tata Steel. The first hydro plant in Western India was built in accordance with the founder’s objectives, founding Tata Power. Indian Institute of Science, another ambition, was founded, and the classes for the very first batch started in 1911.

In 1938, J. R. D. Tata was appointed head of the Tata Group. Under his leadership, the Tata Group’s assets increased from US$101 million to US$5 billion. Tata Sons began with 14 businesses, and at the time of his departure in 1988, 50 years later, it had expanded to a conglomerate of 95 businesses.

JRD established the airline Tata Air Services in 1952. (later renamed Tata Airlines). Despite JRD Tata continuing to serve as chairman until 1977, the Indian government approved the Air Corporations Act in 1953 and acquired a majority share in the airline from Tata Sons.

Tata Motors was established in 1945 and initially specialised in locomotives. It began selling commercial vehicles in 1954 after establishing a joint venture with Daimler-Benz. Tata Consultancy Services was established in 1968.

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Ratan Tata was named the Tata Group’s chairman in 1991. Also, India’s economy liberalised in this year, making the market more accessible to foreign rivals. Between 2000 and 2007, the Tata Group started to buy a number of businesses, including Tetley, Corus Group, and Jaguar and Land Rover (2008).

Natarajan Chandrasekaran was chosen to serve as chairman in 2017. He played a key role in reforming industry sectors and raising promoter equity ownership in businesses. Almost two months after submitting the proposal, Tata Owned Air India was granted permission to acquire AirAsia India. The acquisition of Air Asia India’s whole stake by Tata-owned Air India was authorised by the Competition Commission of India (CCI).

Net Worth of Tata Group of Companies:

As of March 31, 2022, the market value of the 29 publicly traded Tata Group companies was $311 billion (INR 23.4 trillion).

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