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Tata Empire Growth Time log

Ratan Tata

Ratan Tata

1868 Jamsetji Nusserwanji Tata starts a private trading firm, laying the foundation of the Tata group.
1874 The Central India Spinning, Weaving and Manufacturing Company is set up, marking the group’s entry into textiles and its first large-scale industrial venture.
1902 The Indian Hotels Company is incorporated to set up the Taj Mahal Palace and Tower, India’s first luxury hotel, which opened in 1903.
1907 The Tata Iron and Steel Company (now Tata Steel) is established to set up India’s first iron and steel plant in Jamshedpur. The plant started production in 1912. Sets up its first office overseas, Tata Limited in London.
1910 The first of the three Tata Electric Companies, The Tata Hydro-Electric Power Supply Company is set up. The second, Andhra Valley Power Supply Company was established in 1917 and Tata Power in 1919. The first two companies were merged with Tata Power in 2000 to form a single entity.
1911 The Indian Institute of Science is established in Bangalore to serve as a centre for advanced learning.
1912 Tata Steel introduces eight-hour working days, well before such a system was implemented by law in much of the West.
1917 The Tatas enter the consumer goods industry, with the Tata Oil Mills Company being established to make soaps, detergents and cooking oils. The company was sold to Hindustan Lever (now Unilever) in 1984.
Consolidation (1932-1989)The Tata group ventured into new areas and built on the foundations, in spite of the restraints imposed by a controlled economy.
1932 Tata Airlines, a division of Tata Sons, is established, opening up the aviation sector in India. Air India was nationalised in 1953.
1939 Tata Chemicals, now the largest producer of soda ash in the country, is established.
1945 Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) is established to manufacture locomotive and engineering products. Tata Industries is created for the promotion and development of hi-tech industries.
1952 Jawaharlal Nehru, India’s first Prime Minister, requests the group to manufacture cosmetics in India, leading to the setting up of Lakme. The company was sold to Hindustan Lever (now Unilever) in 1997.
1954 India’s major marketing, engineering and manufacturing organisation, Voltas, is established.
1962 Tata Finlay (now Tata Tea), one of the largest tea producers, is established. Tata Exports is established. Today the company, renamed Tata International, is one of the leading export houses in India.
1968 Tata Consultancy Services (TCS), India’s first software services company, is established as a division of Tata Sons.
1971 Tata Precision Industries, the first Tata company in Singapore, is founded to design and manufacture precision engineering products.
1984 The first 500 MW thermal power unit at the Trombay station of the Tata Electric Companies is commissioned.
Expansion (1990 onwards)
The liberalisation of the Indian economy unleashed a period of remarkable growth for the Tata group, in India and worldwide.
1995 Tata Quality Management Services institutes the JRD QV Award, modelled on the Malcolm Baldrige National Quality Value Award of the United States, laying the foundation of the Tata Business Excellence Model.
1996 Tata Teleservices (TTSL) is established to spearhead the group’s foray into the telecom sector.
1998 Tata Indica – India’s first indigenously designed and manufactured car – is launched by Tata Motors, spearheading the group’s entry into the passenger car segment.
1999 The new Tata group corporate mark and logo are launched.
2000 Tata Tea (now Tata Global Beverages) )acquires the Tetley group, UK. This is the first major acquisition of an international brand by an Indian business group.
2001 Tata AIG – a joint venture between the Tata group and American International Group Inc (AIG) – marks the Tata re-entry into insurance. (The group’s insurance company, New India Assurance, set up in 1919, was nationalised in 1956).
2002 Tata Sons acquires a controlling stake in VSNL (renamed Tata Communications in 2008), India’s leading international telecommunications service provider. Tata Consultancy Services (TCS) becomes the first Indian software company to cross one billion dollars in revenues. Titan launches Edge, the slimmest watch in the world.
2004 Tata Motors is listed on the world’s largest bourse, the New York Stock Exchange, the second group company to do so after VSNL. Tata Motors acquires the heavy vehicles unit of Daewoo Motors, South Korea. TCS goes public in July 2004 in the largest private sector initial public offering (IPO) in the Indian market, raising nearly $1.2 billlion.
2005 Tata Steel acquires Singapore-based steel company NatSteel by subscribing to 100 per cent equity of its subsidiary, NatSteel Asia. VSNL (now Tata Communications) acquired Tyco Global Network, making it one of the world’s largest providers of submarine cable bandwidth.
Tata Sons completes 60 years of Tata operations in the US. The Taj acquires a hotel run by Starwood, Sydney (renamed Blue) and takes over management of The Pierre, NY.
2006 Tata Sky satellite television service launched across the country. Foundation stone for the Tata Medical Centre unveiled in Kolkata.
2007 Tata Steel acquires the Ango-Dutch company Corus, making it the world’s fifth-largest steel producer. TCS inaugurates TCS China- a joint venture with the Chinese government and other partners.
Computational Research Laboratories, a division of Tata Sons, develops Eka, one of the fastest supercomputers in the world and the fastest in Asia. The Taj acquires Campton Place Hotel in San Francisco. Tata Steel celebrates its centenary on August 26, 2007.
2008 Tata Motors unveils Tata Nano, the People’s Car, at the 9th Auto Expo in Delhi on January 10, 2008. Tata Motors acquires the Jaguar and Land Rover brands from the Ford Motor Company. Tata Chemicals acquires General Chemical Industrial Products Inc.
2009 Tata Motors announces commercial launch of the Tata Nano; Tata Nano draws over 2.03 lakh bookings; first 100,000 owners of the Tata Nano chosen; delivers first Tata Nano in the country in Mumbai.
Tata Motors ushers new era in Indian auto industry with its new, world-standard truck range. Tata Teleservices announces pan-India GSM service with NTT DOCOMO.
TRF acquires Dutch Lanka Trailer Manufacturers (DLT), Sri Lanka, a world-class trailer manufacturing company. Jaguar Land Rover introduces its premium range of vehicles in India.
Tata Motors acquires remaining 79 per cent shares in Hispano Carrocera, one of the largest manufacturers of bus and coach cabins in Europe.
Tata Teleservices launches Photon TV, an application that allows Tata Photon Plus subscribers to watch live television channels on their laptops while on the move, and on their personal computers at home and in the office. Tata Chemicals launches Tata Swach – the world’s most cost-effective water purifier.
2010 TRF acquires UK-based Hewitt Robins International. New plant for Tata Nano at Sanand inaugurated. Advinus Therapeutics announces the discovery of a novel molecule – GKM-001 – for the treatment of type II diabetes.
Tata DOCOMO launches its 3G services in Maharashtra and Gujarat. Brunner Mond acquires 100-per-cent stake in leading vacuum salt producer British Salt, UK.
2011 Tata Coffee and Starbucks sign MoU for strategic alliance in India. TCS’s iON brings power of world-class technology to India’s small and medium businesses. Tata Motors introduces the new Tata Indica eV2, the most fuel-efficient car in India with 25kmpl mileage.
mjunction services celebrates 10 years of innovation and excellence. Tata Chemicals rebrands its global subsidiaries in the UK, the US and Kenya under the Tata Chemicals corporate brand
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