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Tata Group

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Tata Group
टाटा समूह
Company typePrivate Conglomerate (BSE)
IndustryEngineering
Materials
Information technology
Communication
Automotive
Chemicals
Energy
Founded1868 by Jamshetji Tata
HeadquartersIndia Mumbai & Navi Mumbai, Maharastra, India
Key people
Ratan Tata, Chairman
ProductsSteel
Automobiles
Telecommunications
Software
Hotels
Consumer goods
RevenueUS$ 62.5 billion[1](Feb 2008)
Increase US$ 4 billion (FY 2007)
Number of employees
289,500 (2007)
Websitewww.tata.com

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 corporate group 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 in charitable trusts.[2] Companies which form a major part of the group include Tata Steel, Corus Steel, Tata Motors, Tata Consultancy Services, Tata Tea, Titan Industries, Tata Power, Tata Communications, Tata Teleservices and the Taj Hotels.

The group takes the name of its founder, Jamsetji 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 currently one of the major international business figures in the age of globality.[3] The company is currently in its fifth generation of family stewardship. [4]

Engineering

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.

Chemicals

Services

  • The Indian Hotels Company
  • Tata Housing Development Company Ltd. (THDC)
  • Tata-AIG General Insurance, a joint venture with AIG
  • Tata-AIG Life Insurance, a joint venture with AIG
  • 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

Consumer Products

  • Tata Ceramics
  • Infiniti Retail
  • Tata Tea Limited is the world's second largest manufacturer of packaged tea and tea products. It also owns the Tetley brand of tea sold primarily in Europe.
  • Titan Industries manufacturers of Titan watches
  • Trent (Westside)
  • Tata Sky
  • Tata International Ltd - Leather Products Division

Information systems and communications

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.

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[5][6]. The Tata Group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of the group's long history of philanthropic activities[7]. Some of the institutes established by the Tata Group are:

A comprehensive list is available on the company website

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
  • June 2008 - China Enterprise Communications, China
  • June 2008 - Neotel, South Africa.
  • October 2008- Miljo Grenland / Innovasjon, Norway

Targets

Environmental Record

Tata, along with a Tanzanian company, joined forces to build a soda ash extraction plant in Tanzania.[8] The Tanzanian government is all for the project.[8] 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.[9] 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.[9] It could also jeopardize the Lesser Flamingo birds there, which are already endangered. Lake Natron is where two thirds of Lesser Flamingos reproduce.[10] 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.[8] Twenty-two African nations are against the creation of the project and have signed a petition to stop its construction.[8]

See also

References

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

  1. ^ http://www.tata.com/aboutus/sub_index.aspx?sectid=8hOk5Qq3EfQ=
  2. ^ "A tradition of trust". Community Initiatives. Tata.com. Retrieved 2006-10-30.
  3. ^ Sirkin, Harold L; James W. Hemerling, and Arindam K. Bhattacharya (11-06-2008). GLOBALITY: Competing with Everyone from Everywhere for Everything.New York: Business Plus, 304. ISBN 0446178292.
  4. ^ "Tata Family Tree" (PDF). tatacentralarchives.com. Retrieved 2007-06-02.
  5. ^ "The rainbow effect". May 4, 2008.
  6. ^ "India's Tata Group: Empowering marginalized communities". May 4, 2008.
  7. ^ "U.S. and Indian philanthropists recognized for conviction, courage and sustained efforts". May 4, 2008.
  8. ^ a b c d The East African - News
  9. ^ a b allAfrica.com: Tanzania: UK Activists Pile Pressure Against Soda Ash Project (Page 1 of 1)
  10. ^ Tata Chemicals' African safari hits green hurdle- Chem / Fertilisers-Ind'l Goods / Svs-News By Industry-News-The Economic Times
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