Tata Group

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Tata Group
Type Private Conglomerate (BSE)
Founded in 1868 by Jamshedji Tata
Headquarters Flag of India Mumbai, Maharastra, India
Key people Flag of India Ratan Tata Chairman
Industry Engineering
Materials
Information technology
Communication
Automotive
Chemicals
Energy
Products Steel
Automobiles
Telecommunications
Software
Hotels
Consumer goods
Revenue USD 28.9 billion (FY 2007)
(Image:green up.pngUnknown%)
Employees 246,000 (2004)
Slogan "Improving the quality of life of the communities we serve"
Website www.tata.com

The Tata Group is India's largest conglomerate company, with revenues in 2006-07 of Rs. Rs129,994 crore(US $28.8 billion billion), the equivalent of about 3.2% of India's GDP, and a market capitalisation of US $73.6 billion as on December 13, 2007.Out of 98 operating companies in seven business sectors,27 are publicly listed enterprises.The Tata Group has operations in more than 85 countries across six continents and its companies export products and services to 80 nations. The group takes the name of its founder, Jamsedji Tata, a member of whose family has almost variably 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. [1]

The Tata Group comprises 98 companies in seven business sectors. 65.8% of the ownership of Tata Group is held by the charitable trust of Tata.[2]

Contents

Jamshedji Tata came from a Parsi business family and made his fortune from cloth mills in the interior of Maharashtra. He was well travelled and went in for modern industry for India. He constructed a hotel in Bombay, the Taj Mahal Hotel, in 1903. It was the first large hotel in India, and was set up because established hotels of the time were owned by Europeans and did not allow locals. The Indian Hotels Company is a Tata group company that runs the Taj brand of hotels.

TISCO, now Tata Steel was established in 1907 to set up India's first iron and steel plant in Jamshedpur (Named after Tata's founder, Jamshedji Tata) which is often called Tatanagar for the company's significant presence. The plant started production in 1912. It produces steel at one of the lowest costs in the world, assisted by the Group's ownership of its own raw materials (coal and iron), which means that its cost base is far lower than many rival steel producers. In 1910, Tata Hydro-Electric Power Supply Company was set up for providing cheap and abundant power to the city of Mumbai. In 1917, the Group entered the consumer goods industry with the Tata Oil Mill Company being established to make soaps, detergents and cooking oils. In 1932, Tata Airlines, now Air India, was established. In 1939, Tata Chemicals was established. TELCO, now Tata Motors, was established in 1945 to manufacture locomotive and engineering products.

On January 30, 2007, Tata Steel, part of India's Tata Group, offered to purchase 100% stake in the Corus Group at 608 p. per share in an all cash deal, cumulatively valued at USD 12.04 Billion. This deal was also the biggest acquisition by any Indian company till date.

Tata surprised the credit default swap segment of the derivative markets by deciding to raise $6.17 billion of debt for the deal through a new subsidiary of Corus called "Tata Steel UK", rather than by raising the debt itself. Tata's security credit rating is investment grade, whereas the new subsidiary may not be. The higher risk associated with raising debt through a subsidiary with a lower credit rating prompted Fitch Ratings to downgrade its rating of the credit swap risks in the takeover to "negative". Fitch also stated that Corus' responsibility for the debt may lead to Corus' own unsecured debt rating being downgraded.

 The neutrality of this section is disputed.
Please see the discussion on the talk page.

Tata Group's aim is to improve the quality of life of the communities it serves. The Tata family of companies shares a set of five core values: integrity, understanding, excellence, unity and responsibility. Tata Group has played a pioneering role in a variety of fields after India's independence. It is widely respected for the initiatives it has taken in different fields for the upliftment of the country. Its contribution to India's education, science and technology is widely documented and appreciated. In fact many of the renowned public sector companies in India and leading research organisations trace their history to Tata, for example Indian Institute of Science (IISc), Tata Institute of Fundamental Research (TIFR), Tata Institute Of Social Sciences(TISS), TERI (Tata Energy Research Institute), Air India (Tata Airlines)

  • TAL Manufacturing Solutions
  • Tata AutoComp Systems Ltd (TACO) [1] was established in 1995 to spearhead Tata Group's foray into autocomponents. It is now, one of the fastest growing auto-components companies. Tata AutoComp has established joint ventures with a number of world renowned auto-component companies, and has its own businesses in India, Europe, US, China and Japan.
  • Tata Motors (formerly Tata Engineering and Locomotives Ltd (TELCO)) is a company of Tata group of companies which produces automobiles for the Indian Market. Its products range for goods and passenger transport. Seven out of ten medium and heavy commercial vehicles in India bear the Tata mark, widely trusted in India.
  • Tata Projects
  • TCE Consulting Engineers
  • Telco Construction Equipment Company
  • TRF
  • Voltas

  • 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.
    On January 30, 2007 the Tata Steel clinched a deal to buy the UK based Corus Group Plc., one of the world's leading steel and aluminium producers, for £6.7 billion, beating CSN in a fast-paced auction to create the world’s fifth largest steelmaker. The company emerged victorious with a bid of 608p a share, topping a 603p a share offer from Brazil’s Companhia Siderurgica Nacional (CSN), after an unprecedented nine rounds of bidding overseen by the UK’s Takeover Panel. The £6.7 billion deal includes £500 million of debt. [2].
    The acquisition of Corus steel is recognized as the biggest ever acquisition involving an Indian company.
  • Tayo Rolls, India's largest roll manufacturer and supplier. [3]
  • Tata Tinplate, a major tinning line in India.

Tata's are planning to introduce 100,000 cars in india

  • 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.

Tata Chemicals Ltd is a Tata Group Company (India) with plant locations in Mithapur (Gujarat State, India) amongst other places. It is headquartered in Mumbai, India.

Tata Chemicals has the largest single soda ash production capacity plant in India. This was the second soda ash plant built in India by Shri Kapilram Vakil and started in the year 1944. Mithapur is named after salt, in Gujarati language salt is named as "Mithu."

Since 2006 Tata Chemicals has owned Brunner Mond, a United Kingdom-based chemical company with operations in Kenya and The Netherlands

  • 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

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.

  1. "Tata Institute of Science" now renamed to Indian Institute of Science, Banglore, India
  2. Tata Institute of Fundamental Research, a deemed university
  3. Tata Management Training Centre, Pune, India
  4. Tata Institute of Social Sciences, a deemed university
  5. National Centre for the Performing Arts


[3]

  1. Feb 2000 Tetley tea company, $407 million
  2. March 2004 Daewoo Commercial Vehicle Company, $102 million
  3. Aug 2004 NatSteel's steel business, $292 million
  4. Nov 2004 Tyco Global Network, $130 million
  5. July 2005 Teleglobe International Holdings, $239 million
  6. Dec 2005 Millennium Steel, Thailand, $167 million
  7. Dec 2005 Brunner Mond Group, $120 million
  8. June 2006 Eight O'Clock Coffee, $220 million
  9. Nov 2006 Ritz Carlton Boston, $170 million
  10. Jan 2007 Corus, $11.3 billion
  11. March 2007 Bumi Resources, $1.1 billion
  12. April 2007 Campton Place Hotel, San Francisco, $60 million

  1. Jaguar Cars and Land Rover, $2 billion
  2. Close Brothers, $2.9 billion
  3. Orient Express Hotels, $2.5 billion

Tata’s Corus acquisition : one of the biggest in Indian History - http://economictimes.indiatimes.com/articleshow/1548117.cms

  1. ^ Tata Family Tree. tatacentralarchives.com. Retrieved on 2007-06-02.
  2. ^ A tradition of trust. Community Initiatives. Tata.com. Retrieved on 2006-10-30.
  3. ^ Ratan Tata keen to steer Jaguar's future

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