Industrial Leaders of Maharashtra
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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. Marking the group's global ambitions, Tata Limited opened its first overseas office in London. Following the founder's goals, Western India's first hydro plant was brought to life, giving birth to Tata Power. Yet another dream, Indian Institute of Science was established with the first batch admitted in 1911. In 1991, Ratan Tata became chairman of Tata Group.[4] This was also the year of economic liberalization in India opening up the market to foreign competitors.[5] During this time, Tata Group began to acquire a number of companies, including Tetley (2000)Corus (2007), and Jaguar and Land Rover (2008). In 2017, Nataranjan Chandrasekaran was appointed chairman. 2 : Godrej: Godrej Group is an Indian multinational conglomerate headquartered in Mumbai which is managed and largely owned by the Godrej Family. It was founded by Aedeshir Godrej and Pirojsha Burjorji Godrej in 1897, and operates in sectors as diverse as real estate, consumer products, industrial engineering, appliances, furniture, security and agricultural products.[4] Its subsidiaries and affiliated companies include Godrej Industries and its subsidiaries Godrej Consumer Goods, Godrej Agrovet and Godrej Properties, as well as the private holding company Godrej & Boyce Mfg. Co. Ltd. *Social Responsibility : Godrej has a philanthropic arm that has built schools, dispensaries and a residential complex for their employees. Trusts established by Godrej continue to invest in education, healthcare and upliftment of the underprivileged. Godrej is a supporter of the World Wildlife Fund in India, it has developed a green business campus in the Vikhroli township of Mumbai, which includes 200 acres mangrove forest and a school for the children of company employees. Twenty-five percent of the shares of the Godrej holding company are held in trusts that include the Pirojsha Godrej Foundation, the Soonabai Pirojsha Godrej Foundation[6] and the Godrej Memorial Trust. Through these trusts the Group supports healthcare, education and environmental sustainability initiatives such as The Mangroves,[7] Teach for India, WWF, Smile Train and the Godrej Memorial Hospital among others. 3 : Reliance Group : Reliance Anil Dhirubhai Ambani Group or popularly known as Reliance ADA Group or simply Reliance Group is an Indian conglomerate , headquartered in Mumbai, India. The company, which was formed after Dhirubhai Ambani's business was divided up, is headed by his younger son Anil Ambani. Reliance Group has six listed companies. Reliance Power, Reliance Infrastructure, Reliance Capital, Reliance Entertainment, Reliance Home Finance and Reliance Health. The group provides financial services, construction, entertainment, power, health care, manufacturing, defence, aviation, and transportation services. *History : Reliance Commercial Corporation was founded by Dhirubhai Ambani in 1966 as a polyester firm. It got renamed as Reliance Industries on 8 May 1973. Reliance later entered into financial services, petroleum refining, power sector. By 2002 Reliance had grown into a U$15 billion conglomerate. After the death of Dhirubhai Ambani on 6 July 2002, Reliance was headed by his two sons. The Reliance ADA Group was formed in 2006 after the two brothers Ambani Ambani and Anil Ambani , split Reliance Industries in December 2005.[3][4] Anil Ambani got the responsibility of Reliance Infocomm, Reliance Energy and Reliance Capital. Reliance Group entered the power sector through Reliance Power, and the entertainment sector by acquiring Adlabs. In October 2010, Reliance power placed world's largest order worth $8.29 billion to Shanghai Electric Group to supply power equipment based on Supercritical steam Generator technology. On 28 October 2017, the group launched construction of a defense production unit Mihan- SEZ region.[6] The unit will be part of a joint venture between Reliance Group, led by Anil Ambani, and its JV partner French majorDassault Aviation. The production at Mihan-SEZ will begin with components for the Rafale warplanes and Falcon business jet produced by Dassault. It is expected to fully assemble both the aircraft in the Nagpur unit in the coming years. 4: Kirloskar Group: Kirloskar Group is an Indian conglomerate headquartered in Pune, Maharashtra, India.[1] The company exports to over 70 countries over most of Africa, Southeast Asia and Europe. The flagship and holding company, Kirloskar Brother Ltd established in 1888, is India's largest maker of pumps and valves.[3][4] Kirolskar Group is one of the major component suppliers for the indigenous Arihant Nuclear Submarines program *Products : The Kirloskar group of companies was one of the earliest industrial groups in the engineering industry in India. The group produces centrifugal pumps, engines, compressors, screw & centrifugal chillers, lathes and electrical equipments like electric motors, transformers and generators. While Laxmanrao Kirloskar, established the group in 1888, his son Shantanu Laxmanrao Kirloskar played a role in the leadership of the company.[5] The company under Shantanu Laxmanrao Kirloskar achieved one of the highest growth rates in Indian history, with 32,401% growth of assets from 1950–1991.[6][7] In 1988, Rajiv Gandhi, the then Prime Minister Of India released a commemorative stamp marking the Kirloskar Group's 100th anniversary.[8] In 1974, in cooperation with Duetz-Fahr of Germany, Kirloskar began manufacturing tractors. They have since ceased tractor production. The Kirloskar Group also set up India's second oldest township Kirloskarwadi in Maharashtra which celebrated its centennial in 2010. .