The Tata Group
Financial Express —
September 23, 2004
The
Tata Group is India's best known Industrial Group
with a turnover of around US$ 11.2 billion (equivalent
to 2.4% of India's GDP). Long known for its adherence
to business ethics, it is India's most respected
private business group. With over 200,000 employees
across 85 major companies, it is also India's
largest employer in the private sector. Founded
by Jamsetji Tata in the 1860s, the Tata
Group's early years were inspired by the spirit
of nationalism.
The Tata Group pioneered several firsts in Indian
industry; India's first private sector steel mill,
first private sector power utility, first luxury
hotel chain and first international airline, amongst
others. In more recent times, the Tata Group's
pioneering spirit continues to be showcased by
companies like Tata Consultancy Services (TCS),
today Asia's largest software and services company,
and Tata Motors, the first car maker in a developing
country to design and produce a car from
the ground up.
The business operations of the Tata Group currently
encompass seven business sectors- Engineering,
Materials, Energy, Chemicals, Consumer Products,
Services and Communications and Information Systems.
The scale of the Tata Group's operations is increasingly
turning global. Tata Tea is the first Indian MNC
in the global tea industry and India's largest
integrated tea company.
Tata chemicals is Asia's largest manufacturer
of soda ash; Titan is one of the world's top six
manufacturer-brands in the watch segment and Tata
Motors is amongst the top six commercial vehicle
manufacturers in the world. The Tata Group is
increasingly focusing on new technology areas,
and has the largest footprint in India's new economy;
besides being the largest software services provider
in the country, it is also one of the leading
private sector telecom service providers, and
is also India's largest international long distance
and internet services provider.
The Tata brand is recognised as the largest homegrown
brand in India and the most respected brand across
consumer segments. The Tata Group's stable of
brands also includes many national and some internationally
renowned product and service brands, including
Tata Indica, Tata Indigo, Tata Safari, Taj (Hotels,
Resorts and Palaces), Voltas, Tata Tea, Tetley,
Tata Salt, Titan, Tanishq, Westside and the latest
addition, Tata Indicom. The Tata Group has always
believed in returning wealth to the society it
serves.
Thus, nearly two-thirds of the equity of Tata
Sons, the Tata Group's promoter company, is held
by philanthropic trusts which have created a host
of national institutions in community development,
education and research centers, hospitals and
scientific and cultural establishments. The Trusts
also give substantial annual grants and endowments
to deserving individuals and institutions in the
areas of education, healthcare and social upliftment.
By combining ethical values with business acumen,
globalisation with national interests and core
businesses with emerging ones, the Tata Group
aims to be the largest and most respected global
brand from India whilst fulfilling its longstanding
commitment to improving the quality of life of
its stakeholders.
|
|