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Write a 5 page essay on The House of Tata.The House of Tata, India’s oldest and largest group of companies, was also one of the country’s most respected business organizations. The Tata Group ente
Write a 5 page essay on The House of Tata.
The House of Tata, India’s oldest and largest group of companies, was also one of the country’s most respected business organizations. The Tata Group enterprises, worth a market value of Rs. 290 billion in FY96, included 84 separately traded companies spanning 25 sectors of the economy, with 270,000 employees and FY95 sales of Rs. 220 billion.2 Ratan Tata, chairman since 1991 of the group holding company. Jamsetji Tata planted the roots of the Tata Group by establishing a single textile mill in 1874. Throughout his expansive career, he never lost sight of his goal to encourage India’s industrial and intellectual development. The House of Tata built world-class capacity in steel and hydroelectric power, and developed modern manufacturing methods, technical education, and research capabilities. Jamsetji founded the J.N. Tata Endowment Trust in 1892 to provide loan scholarships for Indian nationals with outstanding academic records to pursue higher studies abroad. The later Tatas lived up to their patriarch’s legacy, and by the mid 20th century, 85% of the Tata family’s original share in Tata Sons was transferred to two charitable trusts, the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust.
