Industrial Leaders of Maharashtra
Industrial Leaders of Maharashtra. 1: Tata group : Tata Group is an Indian multinational conglomerate manufacturer of automobiles, airplanes and other products, headquartered in Mumbai, Mharashtra, India. Founded in 1868 by Jamshedji Tata , the company gained international recognition after purchasing several global companies. It is one of the biggest and oldest industrial groups in India. Each Tata company operates independently under the guidance and supervision of its own board of directors and shareholders. Significant Tata affiliates include Tata chemicals, Tata Communications, Tata Consultancy Services , Tata Consumer Products, Tata Elxsi, Tata Motots, Tata Power, Tata steel, Jamshedhpur FC, ,Tanishq , Voltas, Tata Project Limited, Tata capital, Titan, Trent , Indian Hotels Company Limited, TajAir, Vistara, Croma and Tata Starbucks. : History: • History: At the age of 28, Jamshedji Nusseranji Tata, worked in his father's company. In 1870 with Rs.21,000 capital, he founded a trading company. Further he bought a bankrupt oil mill at Chinchpokli and converted it into a cotton mill, under the name Alexandra Mill which he sold for a profit after 2 years. In 1874, he set up another cotton mill at Nagpur named Empress Mill. He dreamed of achieving 4 goals, setting up an iron and steel company, a unique hotel, a world-class learning institution and a hydro-electric plant. During his lifetime, in 1903, the Taj Mahal Hotel at Colaba waterfront was opened making it the first hotel with electricity in India. After Jamsetji's death, his older son Dorabji Tata became the chairman in 1904. Sir Dorabji established the Tata Iron and Steel company (TISCO), now known as Tata Steel in 1907.
[Show full text]