Centennial Business History Of India'S Richest Tata

Unlike developed countries, India's multinationals are often a century old shop controlled by their families.

"Tata" is a household name in India.

At the end of the 19 century, India's richest man, the richest man in India, stepped into the gate of India's largest steel plant, Tata Steel Corp, facing a huge bronze statue, which is the statue of Jamescji, the founder of Tata.

It was his untiring efforts over a hundred years ago that finally laid the great glory of the Tata Group today.

Since 1850s, Jamescji has been following his father, traveling between Mumbai and China's Hongkong and Shanghai, in the import and export business of cotton, tea and silk fabrics.

Since he first supplied the British army with munitions, he always liked to say "TaTa" (good-bye) after the paction. As a result, "Tata" became the "surname" of his family.

In 1869, Jamescji founded the first cotton mill in central India.

In 1885, Jamescji officially became the head of the Tata family.

With his courage and perseverance, he led the Tata family to become the richest man in India in the late nineteenth Century.

In the late twentieth Century and early twentieth Century, Jamescji embarked on the construction of iron and steel works.

Jamescji died in 1904 when he raised money in Germany.

The task of building a factory falls on the shoulders of his two sons, tarabe and Rutan, and nephew J R D Tata.

In 1907, Tata Steel Corp was finally established.

During the first World War, Tata iron and steel plant became the leader of India's national iron and steel industry.

Meanwhile, Durab, Jamescji's eldest son, inherited his father's ambition. In 1910, Tata hydroelectric power company was set up to build the first hydropower station in India.

He died in 1932 and his brother died in 1918.

Because they had no children under their knees, Tata's grandnephew, 34 year old J. R D. Tata became the third generation leader of Tata family.

In addition to maintaining the fine tradition of the Tata family, he made bold innovations in enterprise management, from family management to professional management, and gradually established a complete set of scientific management and management system and board system, which comprehensively controlled the high-level personnel arrangement, direction of operation and production plan.

By 1991, Tata Group's 13 large companies had a total assets of US $4 billion 478 million, maintaining the status of India's first consortium.

Its products and business range cover all kinds of products such as tea, automobile, steel, machinery, textile, printing to computer hardware and software.

Despite its blossom, the Tata Group's performance has so far been good.

At the school of management, India Tata Group and virgin virgin company, who also spread their hands everywhere, were listed as a case of diversification. They were repeatedly criticized.

Ratan Tata, the current head of the world, has been in office for more than 10 years, and Latham has been carrying out structural pformation of the huge group company, making the original loose management enterprise more efficient.

Under his leadership, Tata continues to be the oldest in India, whether in steel, tea, electricity, automobiles or hotels.

In addition, Tata has expanded to telecom, biotechnology, insurance, life sciences and service industries at an alarming speed, and the group has now expanded to more than 80.

Last year, Tata Group, which employs 220 thousand employees, had a total assets of US $15 billion, accounting for 2.4% of India's gross national product.