Being one of India's oldest and biggest groups, the Tata group is an Indian-based multinational, multi-industry company founded by Jamsetji Tata in 1868. It was founded as a private trading firm. The group incorporated with the Indian Hotels Company in 1902 to commission the first luxury hotel of India – the Taj Mahal Palace & Tower.
After the death of Jamsetji Tata, his son Dorabji Tata became the chairperson of the group. Under his leadership, the group vastly expanded in several industries such as steel, electricity, education, consumer goods, and aviation.
Under the leadership of Jehangir Ratanji Dadabhoy Tata (J.R.D.) The company grew in new sectors such as chemicals, technology, cosmetics, marketing, engineering and manufacturing, tea, and software services and now the company is an Indian multinational conglomerate. Let us look at some of the interesting facts about Tata Group.
1. Tata Group Is Recognized Worldwide
2. Tata Group Built the Country’s First Indigenous Car
3. Tata Built the First Sports Car in India
4. Tata Supplies Defense Vehicles to the Indian Army
5. Tata Built the World’s Cheapest as Well as Costliest Car
6. Tata Group Has Never Invested in the Alcohol or Tobacco Business
7. Tata Group Has Never Sponsored Any Bollywood Movie
8. The Tata Brand Has Been a Pioneering Brand of Many Services
9. Tata Motors Owns Jaguar Land Rover
10. The First Trucks of the Tata Motors Had the Mercedes Logo
11. Tata Steel Acquired the Corus Group in 2007
12. The Tata Logo Has a Unique Meaning
13. Tata Group Was the 5th Most Valuable Corporate in Asia
1. Tata Group Is Recognized Worldwide
This huge company is not only present in India. But the Tata group has its market presence all over the world in 175 countries. It is well recognized in the car industry with more than 8.5 million vehicles of the Tata brand.
2. Tata Group Built the Country’s First Indigenous Car
So many foreign car brands have entered India. But you will be amazed to know that India's first indigenous car was manufactured in 1998. The Tata Indica is a passenger hatchback car equipped with a 1396 cc diesel engine. This car became a hit instantly.
3. Tata Built the First Sports Car in India
The Racemo was India's first sports car which was built by Tata Motors under the badge of its sub-brand Tamo. It has a 190 PS engine that can go up to 100km/hr in 6 seconds. As the cost was too high Tata had to cancel the project.
4. Tata Supplies Defense Vehicles to the Indian Army
Tata has been supplying armoured trucks and combat-ready vehicles to our Indian army for decades. Their military vehicles include Defence Combat Light Armored Multi-Role Vehicle, Defence Light Support Vehicle, Defence Futuristic Infantry Combat Vehicle (FICV), Defence Combat Wheeled Armored Amphibious Platform (WHAP), and Defence Combat Light Armored Multi-Role Vehicle.
5. Tata Built the World’s Cheapest as Well as Costliest Car
Tata Nano, the world’s cheapest car costing 1 lakh was launched in 2008 by TATA Motors. It has a 624cc petrol engine which produces 37bhp of power and 51Nm of torque. The production of this car eventually stopped in 2019.
The car was also introduced as the world’s first-ever gold jewellery car. It was made of gold, silver, and precious gems and was made to celebrate 5000 years of jewellery making in India. The car cost over 22 crores.
6. Tata Group Has Never Invested in the Alcohol or Tobacco Business
Although, intoxicants have a greater business in a country like India. Though the company had expanded its business in various areas, it never invested in tobacco and alcohol.
7. Tata Group Has Never Sponsored Any Bollywood Movie
Many huge companies try to invest once in the entertainment industry. But very interestingly Tata has never financed any Bollywood movies. But in 2003 the company co-produced the big-budget movie Aetbaar.
8. The Tata Brand Has Been a Pioneering Brand of Many Services
From providing the first branded salt to establishing the first steel mill in India, Tata had established its strong base from the very start for our developing country. They also established five-star hospitality in India, IT services, power companies, etc. It was also the first to organize branded jewellery and the first to sell retail steel in India.
9. Tata Motors Owns Jaguar Land Rover
Jaguar Land Rover is a Britain automobile company that is a part of Tata Motors. It manufactures, designs, and sells cars of the same name. Tata Group acquired both companies from Ford and merged them in 2008.
10. The First Trucks of the Tata Motors Had the Mercedes Logo
Tata motors had a technical collaboration with Daimler Benz, a merged company that manufactures the Mercedes-Benz cars. Due to this, the first trucks produced by Tata had the Mercedes-Benz logo.
11. Tata Steel Acquired the Corus Group in 2007
Tata completed one of the biggest corporate takeovers by acquiring the Anglo-Dutch steel manufacturer Corus Group in 2007 April. Tata acquired the company for £6.2 billion which is US 12 billion dollars.
12. The Tata Logo Has a Unique Meaning
It symbolizes fluidity and adaptability. The colour blue stands for excellence, reliability, and strength of the company’s products.
13. Tata Group Was the 5th Most Valuable Corporate in Asia
Even after facing many downfalls in past decades. In 2015, Tata Motors became the 5th most valuable corporate brand in Asia due to its high net revenue and overall growth.
Conclusion
Though companies are created and organized to make money and fame, the same is not the story for Tata. Jamsetji Tata built his company with the simple mission of “making people’s lives better”.
It paved the way for all the industries that followed by acting as the pioneer of almost all of them. With an estimated revenue of US $ 45 billion as of 2021, the Tata group stands as one of the biggest groups not only in India but all over the world.
FAQs
Who is the founder of Tata Group?
Jamsetji Tata founded the Tata group in 1868.
What are the 5 core values of Tata Group?
Tata follows 5 core values for running its business that are Integrity, Responsibility, Excellence, Pioneering, and Unity.
How many companies are there in the Tata group?
There are around 29 companies in the Tata group.
Source :- https://startuptalky.com/ Author :- Sushree Sangeeta Behera Date :-March 04, 2022 at 11:00AM