Tata Group
The Tata Group (Hindi: टाटा समूह) is a multinational conglomerate based in Mumbai, India. In terms of market capitalization and revenues, Tata Group is the largest private company in India. It has interests in steel, automobiles, information technology, communication, power, tea and hotels. The Tata Group has operations in more than 85 countries across six continents and its companies export products and services to 80 nations. The Tata Group comprises 98 companies in seven business sectors, 27 of which are publicly listed. 65.8% of the ownership of Tata Group is held by the charitable trust of Tata.[2] Companies which form a major part of the group include Tata Steel, Corus Steel, Tata Motors, Tata Consultancy Services, Tata Tea, Tata Power, Tata Communications 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. The company is currently in its fifth generation of family stewardship. [3]
The Tata Group comprises 98 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals. The Group was founded by Jamsetji Tata in the mid 18th century, a period when India had just set out on the road to gaining independence from British rule. Consequently, Jamsetji Tata and those who followed him aligned business opportunities with the objective of nation building. This approach remains enshrined in the Group's ethos to this day.
The Tata Group is one of India's largest and most respected business conglomerates, with revenues in 2006-07 of $28.8 billion or Rs129,994 crore (not including Corus financials), the equivalent of about 3.2 per cent of the country's GDP, and a market capitalisation of $66.26 billion as on April 30, 2008. Tata companies together employ some 289,500 people. The Group's 27 publicly listed enterprises — among them stand out names such as Tata Steel, Tata Consultancy Services, Tata Motors and Tata Tea — have a combined market capitalisation that is the highest among Indian business houses in the private sector, and a shareholder base of over 2.9 million. The Tata Group has operations in more than 80 countries across six continents, and its companies export products and services to 85 countries.
The Tata family of companies shares a set of five core values: integrity, understanding, excellence, unity and responsibility. These values, which have been part of the Group's beliefs and convictions from its earliest days, continue to guide and drive the business decisions of Tata companies. The Group and its enterprises have been steadfast and distinctive in their adherence to business ethics and their commitment to corporate sustainability. This is a legacy that has earned the Group the trust of many millions of stakeholders in a measure few business houses anywhere in the world can match.
[edit] Engineering
[edit] Materials
- Tata Advanced Materials
- Tata Steel (formerly TISCO, Tata Iron and Steel Company Ltd) is India's first private Iron and Steel Company, and also the first company founded by J.N. Tata (the founder of the Tata Group). Its works are located at Jamshedpur, with headquarters at Mumbai. It is currently the largest steel producer in India and the fifth largest in the world. Corus Group is a subsidiary of Tata Steel.[4].
- Tata Refractories Limited[2] is India's largest refractory manufacturer. It has largest refractory plant in Asia under one roof in Belaphar ,Orissa.
- Tayo Rolls, Formerly Tata-Yodogawa, India's largest steel cast roll manufacturer and supplier based in Jamshedpur. Promoted by Tata Steel.[5]
- Tata Tinplate, a major tinning line in Jamshedpur, India. Promoted by Tata Steel.
- Tata Timken, a manufacturer of world class bearings.
[edit] Energy
- Tata Power is one of the largest private sector power companies. It supplies power to Mumbai, the commercial capital of India and parts of New Delhi.
[edit] Chemicals
[edit] Services
- The Indian Hotels Company
- THDC
- Tata-AIG General Insurance
- Tata-AIG Life Insurance
- Tata Asset Management
- Tata Economic Consultancy Services
- Tata Financial Services
- Tata Investment Corporation
- Tata Quality Management Services
- Tata Share Registry
- Tata Strategic Management Group (TSMG) is one of the largest consulting firms in South Asia.
- Tata Services
- Tata Johnson Controls
[edit] Consumer Products
[edit] Information systems and communications
[edit] The Tata logo
The now ubiquitous blue-coloured Tata logo was designed by the Wolff Olins consultancy. The logo was meant to signify fluidity; it may also be seen as a fountain of knowledge, also as a tree of trust under which people can take refuge.
[edit] Philanthropy and nation building
The Tata Group has helped establish and finance numerous quality research, educational and cultural institutes in India. It is the one of the leading and enormously respected philanthropic corporate entity in India[6][7]. The Tata Group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of the group's long history of philanthropic activities[8]. Some of the institutes established by the Tata Group are:
A comprehensive list is available on the company website
[edit] Tata acquisitions and targets
- 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 Limited, $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 - Bumi Resources, $1.1 billion
- April 2007 - Campton Place Hotel, San Francisco, $60 million
- 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
[edit] Targets
[edit] Environmental Record
Tata, along with a Tanzanian company, joined forces to build a soda ash extraction plant in Tanzania.[9] The Tanzanian government is all for the project.[10] 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 neighboring dwellers.[11] Tata was planning to change the site of the plant so it would be built 32km from the lake, but the opposition still thinks it would negatively disturb the environment.[12] It could also jeopardize the Lesser Flamingo birds there, which are already endangered. Lake Natron is where two thirds of Lesser Flamingos reproduce.[13] 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.[14] Twenty-two African nations are against the creation of the project and have signed a petition to stop its construction.[15]
[edit] See also
[edit] References
Tata’s Corus acquisition : one of the biggest in Indian History - http://economictimes.indiatimes.com/articleshow/1548117.cms
- ^ Figures do not include Corus, whose sales totaled US$19 billion in 2007
- ^
A tradition of trust. Community Initiatives. Tata.com. Retrieved on 2006-10-30.
- ^ Tata Family Tree. tatacentralarchives.com. Retrieved on 2007-06-02.
- ^ News and Views from The Times and Sunday Times | Times Online
- ^ TAYO ROLLS LIMITED,ISO 9001:2000 Certified, A TATA Enterprise
- ^ "The rainbow effect", May 4, 2008.
- ^ "India's Tata Group: Empowering marginalized communities", May 4, 2008.
- ^ "U.S. and Indian philanthropists recognized for conviction, courage and sustained efforts", May 4, 2008.
- ^ http://www.nationmedia.com/eastafrican/05112007/News/news0511077.htm
- ^ http://www.nationmedia.com/eastafrican/05112007/News/news0511077.htm
- ^ http://allafrica.com/stories/200805160426.html
- ^ http://allafrica.com/stories/200805160426.html
- ^ http://economictimes.indiatimes.com/Chem__Fertilisers/Tata_Chemicals_African_safari_hits_green_hurdle/articleshow/2504026.cms
- ^ http://www.nationmedia.com/eastafrican/05112007/News/news0511077.htm
- ^ http://www.nationmedia.com/eastafrican/05112007/News/news0511077.htm
[edit] External links
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