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TATA GROUP HISTORY

The Tata group: A Legacy of Trust Tata is India’s largest and most diversified business conglomerate with more than 100 operating companies spread across 85 countries in six different continents, employing 350,000 people and generating revenue of US$ 70.8 billion as of FY 2009. The group's global business operations are spread over seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals.

Tata companies share five core values – integrity, understanding, excellence, unity and responsibility. Each Tata company agrees to the Tata Code of Conduct by signing the TATA Brand Equity and Business Promotion Agreement with Tata Sons Ltd. This ensures adherence to the Tata ethos and value system. Adherence to ethics and excellence and the commitment towards serving communities have been at the core of Tata’s unblemished growth and sustenance for over 140 years. This heritage evokes trust and goodwill among consumers, employees, shareholders and the larger community. Today, the Tata name is a unique asset representing ‘Leadership with Trust’. This legacy has earned the admiration of the group’s stakeholders in a manner few business houses can even hope to match.

Tata Group is one of India's largest and most respected business groups. Tata Group's name is synonymous with India's industrialisation. The Group gave India her first steel plant, hydro-electric plant, inorganic chemistry plant and created a reservoir of scientific and technological manpower for the country. Its Trusts have instituted the Tata Institute of Social Sciences in 1936; India's first cancer hospital, the Tata Memorial in 1941, and in 1945, the Tata Institute of Fundamental Research, which became the cradle of India's Atomic energy program. Today, Tata Group comprises 96 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals. The Group has operations in more than 54 countries across six continents, and its companies export products and services to 120 nations.

Jamsetji Nusserwanji Tata laid the foundations of Tata Group when he started a private trading firm in 1868. In 1874, he set up the Central India Spinning Weaving and Manufacturing Company Limited and thus marked the Group's entry into textiles. In 1887, Jamsetji Tata formed a partnership firm, Tata & Sons, with his elder son Sir Dorabji Tata and his cousin Ratanji Dadabhoy Tata. His younger son Sir Ratan Tata joined the firm in 1896. In 1902, the Indian Hotels Company was incorporated to set up the Taj Mahal Palace and Tower, India's first luxury hotel, which opened in 1903. The Tata Iron and Steel Company (now known as Tata Steel) was established to set up India's first iron and steel plant in Jamshedpur.

The plant started production in 1912. In 1910, Tata Hydro-Electric Power Supply Company, (now Tata Power) was set up. In 1917, Tata Oil Mills Company was established to make soaps, detergents and cooking oils. In 1932, Tatas entered aviation sector with the establishment of Tata Airlines. In 1939, Tata Chemicals, presently, the largest producer of soda ash in India, was established. In 1945, Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) was established to manufacture locomotive and engineering products. In 1954, India's major marketing, engineering and manufacturing organisation, Voltas, was established. In 1962, Tata Finlay (now Tata Tea), one of the largest tea producers, was established.

In 1968, Tata Consultancy Services (TCS), India's first software services company, was established as a division of Tata Sons. In 1970, Tata McGraw-Hill Publishing Company was created to publish educational and technical books. In 1984, Titan Industries, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), was set up to manufacture watches. In 1996, Tata Teleservices (TTSL) was established to lead the Group's foray into the telecom sector. In 1998, Tata Indica, India's first indigenously designed and manufactured car, was launched by Tata Motors. In 2000, Tata Tea acquired the Tetley Group, UK. This was the first major acquisition of an international brand by an Indian business group. In 2001, Tata entered into insurance business in joint venture with Tata AIG. In 2007, Tata Steel acquired Corus the fifth largest steel company in the world.

Tata Group Companies

The two Promoter companies of Tata Group are: Tata Sons and Tata Industries. Tata Sons is the promoter of all key companies of the Tata Group and holds the bulk of shareholding in these companies. Tata Sons is the owner of the Tata name and the Tata trademark, which are registered in India and several other countries. Tata Industries was set up by Tata Sons in 1945 as a managing agency for businesses it promoted. Tata Industries' mandate was recast, in the early 1980s, to promote the Group's entry into new and high-tech areas.

The rest of the Tata companies spread over seven sectors in which Tata Group operates are:

1. Engineering

(a) Automotive:

  • Tata AutoComp Systems
    Subsidiaries / associates / joint ventures: Automotive Composite Systems International, Automotive Stampings and Assemblies, Knorr Bremse Systems for Commercial Vehicles, TACO Engineering, TACO Faurecia Design Centre, TACO Hendrickson Suspension Systems, TACO Interiors and Plastics Division, TacoKunststofftechnik, TACO MobiApps Telematics, TACO Supply Chain Management, TACO Tooling, TACO Visteon Engineering Center, Tata Ficosa Automotive Systems, Tata Johnson Controls Automotive, Tata Toyo Radiator, Tata Yazaki AutoComp, TC Springs, Technical Stampings Automotive
  • Tata Motors
    Subsidiaries / associates / joint ventures: Concorde Motors, HV Axels, HV Transmissions, Nita Company, TAL Manufacturing Solutions, Tata Cummins, Tata Daewoo Commercial Vehicles Company, Tata Engineering Services, Tata Precision Industries, Tata Technologies, Telco Construction Equipment Company

(b) Engineering Services

  • Tata Projects
  • TCE Consulting Engineers
  • Voltas

(c) Engineering Products

  • TAL Manufacturing Solutions
  • Telco Construction Equipment Company
  • TRF

2. Materials

(a) Composites

  • Tata Advanced Materials

(b) Metals

  • Tata Steel
    Subsidiaries / associates / joint ventures: Hooghly Met Coke and Power Company, Jamshedpur Injection Powder (Jamipol), Lanka Special Steel, mjunction services, NatSteel, Sila Eastern Company, Tata Metaliks, Tata Pigments, Tata Ryerson, Tata Sponge Iron, Tata Refractories, Tayo Rolls, The Indian Steel and Wire Products, The Tinplate Company of India, TM International Logistics, Wires Division.

3. Energy

(a) Power

  • Tata BP Solar India
  • Tata Power
    Subsidiaries / associates / joint ventures: Tata Ceramics, Tata Power Trading, North Delhi Power Limited

(b) Oil & Gas

  • Tata Petrodyne

4. Chemicals

  • Rallis India
  • Tata Chemicals
  • Tata Pigments

5. Services

(a) Hotels and Realty

  • Indian Hotels (Taj group)
    Subsidiaries / associates / joint ventures: Taj Air , Roots Corporation (Ginger Hotels)
  • THDC

(b) Financial Services

  • Tata AIG General Insurance
  • Tata AIG Life Insurance
  • Tata Asset Management
  • Tata Financial Services
  • Tata Investment Corporation

(c) Other Services

  • Tata Quality Management Services
  • Tata Services
  • Tata Strategic Management Group

6. Consumer Products

  • Infiniti Retail
  • Tata Tea
    Subsidiaries / associates / joint ventures: Tetley Group, Tata Coffee, Tata Tetley, Tata Tea Inc
  • Tata Ceramics
  • Tata McGraw Hill Publishing Company
  • Titan Industries
  • Trent

7. Information Systems and Communications

(a) Information Systems

  • Nelito Systems
  • Tata Consultancy Services
    Subsidiaries / associates / joint ventures: APONLINE, Airline Financial Support Services, Aviation Software Development Consultancy, CMC, CMC Americas Inc, Conscripti, HOTV, Tata America International Corporation, WTI Advanced Technology
  • Tata Elxsi
  • SerWizSol
  • Tata Interactive Systems
  • Tata Technologies

(b) Communications

  • Tata Sky
  • Tata Teleservices
  • Subsidiaries / associates / joint ventures: Tata Teleservices (Maharashtra), Tata Internet Services
  • VSNL
  • Tatanet

(c) Industrial Automation

  • Nelco
    Subsidiaries / associates / joint ventures: Tatanet
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