Thursday, August 06, 2015

Business Houses: TATA Group

Important Milestones:

Jamsetji Nusserwanji Tata starts a private trading firm, laying the foundation of the Tata group.

The Central India Spinning, Weaving and Manufacturing Company is set up, marking the group's entry into textiles and its first large-scale industrial venture.

The Indian Hotels Company is 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 Tata Steel) is established to set up India's first iron and steel plant in Jamshedpur. The plant started production in 1912.

The Indian Institute of Science is established in Bangalore to serve as a centre for advanced learning

Tata Airlines, a division of Tata Sons, is established, opening up the aviation sector in India. Air India was nationalised in 1953

Jawaharlal Nehru requests the group to manufacture cosmetics in India, leading to the setting up of Lakme. The company was sold to Hindustan Lever (now Unilever) in 1997

Tata Consultancy Services (TCS), India's first software services company, is established as a division of Tata Sons

January 10, 2008:
Tata Motors unveils Tata Nano, the People’s Car, at the 9th Auto Expo in Delhi.

The Tata Nano begins international journey in Sri Lanka and Nepal

Tata Global Beverages and Starbucks form joint venture to open Starbucks cafés across India. First outlet launched in October in Mumbai
India’s first iodine plus iron fortified salt launched by Tata Chemicals
Cyrus P Mistry takes over as Chairman, Tata Sons from Ratan N Tata
Tata Technologies acquires Cambric, a premier US-based engineering services company
TCS acquires IT services firm Alti to help drive long-term growth in France
Tata Sons and Singapore Airlines to establish new airline in India
Mount Everest Mineral Water (MEMW) to be merged with Tata Global Beverages
Tata headquarters is India's first heritage building to get prestigious green rating
Land Rover debuts invisible car technology
TCS and Mitsubishi Corporation join forces, create strategic Japanese IT services company
Tata Global Beverages' UK subsidiary acquires 100 percent equity stake in Earth Rules, Australia
Tata Power crosses 500 MW landmark of renewable energy generation capacity
Tata Power Solar successfully commissions India’s largest solar power project with NTPC
Vistara takes to the skies
Prime Minister of India, Narendra Modi, releases commemorative coin to mark the 175th birth anniversary of Jamsetji Nusserwanji Tata

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