Tata Group of Companies
Tata Group of Companies
Tata Group of Companies
Tata Group is one of the largest companies in India by market capitalization and revenue. It has interests in communications and information technology, engineering, materials, services, energy, consumer products and chemicals. The Tata Group has operations in more than 80 countries across six continents and its companies export products and services to 80 nations. The Tata Group comprises 114 companies and subsidiaries in eight business sectors, 27 of which are publicly listed. 65.8% of the ownership of Tata Group is held in charitable trusts. Companies which form a major part of the group include Tata Steel (including Tata Steel Europe), Tata Motors (including Jaguar and Land Rover), Tata Consultancy Services, Tata Technologies, Tata Tea (including Tetley), Tata Chemicals, Titan Industries, Tata Power, Tata Communications, Tata Sons, Tata Teleservices and the Taj Hotels. The group takes the name of its founder, Jamsedji 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 one of the major international business figures in the age of globality. The company is currently in its fifth generation of family stewardship. TATA Group's 114 companies are held by its main company Tata Sons and the main owner of Tata Sons are various charitable organisations developed and run by Tata Group. Out of which JRD Tata Trust & Sir Ratan Tata Trust are the main holders. About 65% ownership of Tata Sons which is the key holding company of the other 114 Tata Group Company is held by various charitable organisations. The 2009, annual survey by the Reputation Institute ranked Tata Group as the 11th most reputable company in the world. The survey included 600 global companies. The Tata Group has helped establish and finance numerous quality research, educational and cultural institutes in India. The group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of its long history of philanthropic activities. Tata gets more than 2/3 of its revenue from outside India. In June 2011, based on market value Tata Group has become India's wealthiest group with $98.7 billion.
HISTORY:
The beginnings of the Tata Group can be traced back to 1868, when Jamsetji Nusserwanji Tata established a trading company dealing in cotton in Bombay (now Mumbai), British India.This was followed by the installation of 'Empress Mills' in Nagpur in 1877. Taj Mahal Hotel in Bombay (now Mumbai) was opened for business in 1903. Sir Dorab Tata, the eldest son of Jamsetji Tata became the chairman of the group after his father's 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 Jehangir Ratanji Dadabhoy Tata. The group expanded significantly under him with the establishment of Tata Chemicals (1939), Tata Motors, 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.
This section lists the Tata companies and details their business: Chemicals
Tata Chemicals Rallis India Tata Pigments Limited General Chemical Industrial Products Brunner Mond Advinus Therapeutics Magadi Soda Company
Consumer Products
Tata Salt I-shakti Casa Dcor Tata Swach Tata Global Beverages Eight O'Clock Coffee Tata Ceramics Infiniti Retail (Crom) Tata Tea Limited is the world's second largest manufacturer of packaged tea and tea products. Tetley Tata Coffee Tata Industries Titan Industries Trent (Westside) Tata Sky TajAir Tata International Ltd. Tanishq Tata Refractories Westland
Energy
Tata Power is one of the largest private sector power companies. Tata BP Solar, a joint venture between Tata Power and BP Solar Hooghly Met Coke and Power Company Jamshedpur Utilities and Services Company North Delhi Power Powerlinks Transmission Tata Power Trading Tata Projects
Engineering
Tata AutoComp Systems Limited (TACO) Hispano Carrocera Tata Motors, manufacturer of commercial vehicles (largest in India) and passenger cars Jaguar and Land Rover Tata Daewoo Commercial Vehicle Tata Projects Tata Consulting Engineers Limited Tata Cummins Telco Construction Equipment TRF Voltas, consumer electronics company Voltas Global Engineering Centre Tata Advanced Materials Tata Advanced Systems Tata Motors European Technical Centre Tata Petrodyne Tata Precision Industries Telco Construction Equipment
Computational Research Laboratories INCAT Nelco Nelito Systems Tata Business Support Services Tata Consultancy Services Ltd. (TCS) is Asia's largest software company. Tata Elxsi Tata Interactive Systems Tata Technologies Limited Tata Teleservices Virgin Mobile India Tata Communications CMC Limited VSNL International Canada Tatanet, Managed connectivity and VSAT service provider Tata Teleservices Tata Teleservices (Maharashtra)
Services
Tata Sons The Indian Hotels Company Ginger Hotels Roots Corporation Landmark Tata Housing Development Company Ltd. (THDC) Tata Limited TATA AIG General Insurance
TATA AIG Life Insurance Tata AG Tata Asset Management Tata Financial Services Tata Capital Tata International AG Tata Investment Corporation Tata Advanced Systems Limited Drive India Enterprise Solutions Mjunction services Tata Quality Management Services Tata Realty and Infrastructure Limited Tata Interactive Systems Tata Africa Holdings Tata AutoComp Systems Tata Industrial Services Tata NYK Tata Services Tata Strategic Management Group
Steel
Tata Steel Tata Steel Europe Tata Steel KZN Tata Steel Processing and Distribution JAMIPOL NatSteel Holdings Tata BlueScope Steel Tata Metaliks Tata Sponge Iron Tayo Rolls The Tinplate Company of India TM International Logistics
Tata Institute of Fundamental Research Tata Institute of Social Sciences Indian Institute of Science National Centre for Performing Arts Tata Management Training Centre Tata Memorial Hospital Tata Football Academy Tata Cricket Academy
Tata Trusts, a group of philanthropic organisations run by the head of the business conglomerate Tata Sons. The JRD Tata Ecotechnology Centre The Energy and Resources Institute (earlier known as Tata Energy and Research Institute) which is an NPO completely committed to the cause of research in the field of renewable energy.
The Tata Group has donated a 220 crore ($50 million) to the prestigious Harvard Business School (HBS) to build an academic and a residential building on the institutes campus in Boston, Massachusetts. The new building will be called the Tata Hall and used for the institutes executive education programmes. The amount is the largest from an international donor in Harvards 102-year-old existence.
The recent The Brand Trust Report, 2011 has ranked TATA as the second most trusted brands of India.
Ratan Tata, the chairman of Tata Group. One Tata project that brought together Tata Group companies (TCS, Titan Industries and Tata Chemicals) was developing a compact, in-home water-purification device. It was called Tata swach which means clean in Hindi and would cost less than 1000 rupees (US $21). The idea of Tata swach was thought of from the 2004 tsunami in the Indian Ocean, which left thousands of people without clean drinking water. This device has filters that last about a year long for a family of five. It is a low-cost product available for people who have no access to safe drinking water in their homes.[20] The advantage of this device is that it does not require the use of electricity.[21] TCS also designed and donated an innovative software package that teaches illiterate adults how to read in 40 hours. The children of the people who have been through our literacy program are all in school, says Pankaj Baliga, global head of corporate social responsibility for TCS. [20] In 1912, Tata Group expanded their CEOs concept of community philanthropy to be included in the workplace. They instituted an eight-hour workday, before any other company
in the world. In 1917, they recommend a medical-services policy for Tata employees. The company would be among the first worldwide to organise modern pension systems, workers compensation, maternity benefits, and profit-sharing plans.[20] In general, about 66% of the profits of Tata Group go to charity.[22] The charitable trusts of Tata Group fund a variety of projects, for example the Tata Swach and the TCS project. They founded and still support such cherished institutions as the Indian Institute of Science, Tata Institute of Fundamental Research, the National Centre for the Performing Arts and the Tata Memorial Hospital. Each Tata Group company channels more than 4 percent of its operating income to the trusts and every generation of Tata family members has left a larger portion of its profit to them.[20] After the Mumbai attacks, Salries of then heavily attacked Taj Hotel employees were paid despite the hotel being closed for reconstruction. About 1600 employees were provided food, water, sanitation and first aid through employee outreach centres. Ratan Tata personally visited families of all the employees that were affected. The employees relatives were flown to Mumbai from outside areas and were all accommodated for 3 weeks. Tata also covered compensation for railway employees, police staff, and pedestrians. The market vendors and shop owners were given care and assistance after the attacks. A psychiatric institution was established with the Tata Group of Social Science to counsel those who were affected from the attacks and needed help. Tata also granted the education of 46 children of the victims of the terrorist attacks.[23][24] Despite their public commitment to philanthropy the Tata group has attracted several controversies:
Carbide in Bhopal. At a time when the Government of India has held Dow Chemical liable for the clean-up and requested Rs. 100 crores from the American MNC, survivors groups felt that Tatas offer was aimed at frustrating legal efforts to hold the company liable, and motivated by a desire to facilitate Dows investments in India.[26]
Tata, along with a Tanzanian company, joined forces to build a soda ash extraction plant in Tanzania.[39] The Tanzanian government is all for the project.[39] 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 neighbouring dwellers.[40] 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.[40] It could also jeopardise the Lesser Flamingo birds there, which are already endangered. Lake Natron is where two thirds of Lesser Flamingos reproduce.[41] 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.[39] Twenty-two African nations are against the creation of the project and have signed a petition to stop its construction.[39]
[edit] Acquisitions
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, $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 PT Kaltim Prima Coal (KPC) (Bumi Resources), $1.1 billion April 2007 Campton Place Hotel, San Francisco, $60 million January 2008 Imacid Chemical Company, Morocco[12] 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
[edit] Recognition
The international brand consultancy Brand Finance has ranked the $68-billion conglomerate, Tata Group,as 50th most valuable brand in the world.The most recent Global 500 report by Brand Finance shows that despite the controversies, Tata Group's brand value has soared to $15.08 billion for the current year compared to $11.2 billion last year in 2010.[42]
Type Privately held company Industry Conglomerate Founded 1868 Founder(s) Jamsedji Tata Headquarters Bombay House Mumbai, India Area served Worldwide Key people Ratan Tata(Chairman)[1] Products Steel Automobiles Telecommunications Digital television Power IT Services/ITES Hotels Consumer goods Retail Agriculture Financial services Defence Chemicals Hospitality Engineering Beverages Construction Aerospace Pharma Revenue Profit US$ 67.4 billion (200910)
Total assets
Subsidiaries Tata Steel Tata Steel Europe Tata Motors Tata Consultancy Services Tata Technologies Tata Tea Titan Industries Tata Power Tata Communications Tata Sons Tata Teleservices Taj Hotels Tata Chemicals Tata Global Beverages Website tata.com