The TATA's of India: Business, Venture, and History|@StarSpace
・Entrepreneurship and Business
Introduction: Their Business and History
Founded by Jamsetji Nusserwanji Tata in 1868, the Tata group is a Multinational Enterprise headquartered in India.
It all started with a capital of ₹21,000 and a small trading company
Jamsetji Tata later Takes a bold move and decides to set up a cotton mill Named Empress mill in Nagpur instead of Mumbai (Bombay)
It was from then on they achieved various milestones
Some random facts about TATA group :
•It was the First company to be people first i.e., being employee friendly as well as giving incentives to its own employees .
•Tata went on creating India's only hotel the taj hotel where Indians would be treated without discrimination .
•Tata was also the company Behind Indias first Airliance “Air India”
Which inspired various other Airliner like Singapore Airlines and Thai Airline.
Today after founding and running TATA group for 153 years, it is the owner of more than 100 companies in 100 + countries across various Important Industries.
Industries in which TATA is having a venture:
•Health Care (1mg Tata)
•Retail (Starbucks, Tetley, TATA Salt, Voltas, Titan, TATA Tea, Big Basket and so on)
•Infra (TATA Power)
•Finance (TATA AIA insurance company, TATA capital)
•Defense and Aerospace (TATA Advance system)
•Transport and travel (Vistara, Air Asia India, Ginger and now even Air India which was originally created by Tata itself but was under taken by the government for quite a while)
•Telecom (TATA SKY)
•Hospitality (Taj Hotel)
•Metallurgic (TATA Steel,)
•Automotive (TATA Moter)
•Consulting fields (TATA consultancy services)
are some of the industries in which Tata is one of the leaders.
Personality type of TATA as an Enterprise:
•The TATAs have a common personality type and quality of a "Trailblazer"
due to their high innovativeness and competitiveness.
•They also have "a good collaborative personality" due to which they could
Starbucks (World famous coffee brand) Operates 218 Stores in India through a 50-50 Joint venture With Tata Starbucks and VISTARA are some of the examples of collaboration that Tata made.
•They are Excellent at "calculated Risk taking "for example, they recently took up the risk and won bid of an auction to buy Air India from the Government at a cost of 18000 crores of Indian rupees. Now TATA group officially owns a country flag bearer flight along with the 141 Aircrafts.
•TATA was the First company to be people first i.e., being employee friendly as well as giving incentives to its own employees and hence are motivating loyal for the employees and They see customers as an extension of their family.
•They sometimes buy an ongoing operation, and hence become owner of existing business like in Retail, Transport and Tourism.
•They Make most of their venture where need for product is more.
•Venture in many Important industries e.g., TATA Steel Has led TATA Group to be called as the backbone of the society.
•They do their Business Ethically.
From these points we can also conclude that TATA also has a personality type of an "Authoritarian" .
Developments TATA bought as a company to India:
Today TATA is the employer of more than 8 lakh employees and supplies services to more than 700 million people across 100 + countries and this in turn brings a lot of foreign exchange and improvement in the standard of living of many employees.
•TATA has bought a lot of changes to the passport seva services due to their customer first attitude and hence increased the efficiency.
•TATA group founded Air India the first airline service of India and helped in the efficient mail transfer when India did not have much of a developed roadways and railways.
•TATA group also lead to formation of an Cancer hospital named as the TATA memorial Hospital Where 70 % of all cancer Patients are given free treatment .
•TATA group also led to the creation of the Tata institute of science which today is known as the Indian Institute of Science this institute played a vital role in educating many important People Like :
Vikaram Ambala Sarabhai (who lead to formation of ISRO and develop nuclear power).
Where Teachers like :
-Homi Jahangir Bhabha (lead to the formation of the nuclear program)
- CV Raman (person who found Raman Effect and received a Noble price for this)
used to teach
More over TATA has set the best example by doing a great business “ethically”
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Very nice swapnil
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