During Ratan Tata's era, Tata Group made its mark all over the world

Tata Group / During Ratan Tata's era, Tata Group made its mark all over the world

Tata Group - During Ratan Tata's era, Tata Group made its mark all over the world

Tata Group: The country's veteran businessman Ratan Tata may not be in the world today, but he will always be in the hearts of the countrymen. An entire era in the business world has ended with Ratan Tata. Under his leadership, Tata Group has done business from salt to shipbuilding. Not only this, some Tata product is also being used in every household. Due to which the market value of Tata Group also increased and it has become the largest group in the country. In such a situation, let us know how Tata Group became the king during the era of Ratan Tata…

Status of 33 lakh crores

Tata Group started with a trading firm in the year 1868. Today in 2024, after 160 years, Tata Group has more than 100 companies. At the same time, 29 companies of Tata Group are listed in the stock market. The market value of these companies is around Rs 33 lakh crore. At the same time, according to Tata's website, Tata Group also gave the country the first big steel company, the first luxury hotel, and the first Indian consumer goods company. Tata Group has also given the country its first airline company Tata Airlines which later changed to Air India. Not only this, Tata's power was dominant even before the independence of the country. Even before the country got independence, the country started getting trucks made by Tata Motors.

The wonder of Ratan Tata's power

When Ratan Tata became the chairman of Tata Group in 1991, he started expanding his business across the world. Due to him, many foreign companies came to India and Tata Group also got recognition abroad. Under the leadership of Ratan Tata, Tata Group acquired Tetley Tea. Apart from this, he started an insurance company named TATA AIG as a joint venture in Boston with AIG, the insurance company that is on everyone's lips today. Apart from this, he also acquired Europe's Corus Steel and JLR.

Changes brought flight

After becoming the chairman of Tata Group, Ratan Tata made major changes in the old rules of management and implemented new rules. He understood that to make Tata Group big, the group needs a direction. First of all, he insisted on increasing the stake of Tata Sons in the companies to at least 26 percent. After this, he took the initiative to infuse enthusiasm in the group and give it a direction.

In order to bring about change, Ratan Tata decided to sell some businesses. He sold cement company ACC, cosmetics company Lakme and textile business. Apart from this, he started taking royalty fees from group companies. This royalty fee is given to the holding company Tata Sons for using the name Tata.

Business spread abroad too

Ratan Tata worked to expand the business of Tata Group not only in the country but also abroad. Today Tata Group has become a big name in the tea to IT sector. But in reality, Tata's dream was fulfilled in the year 2009, when Tata Motors launched the country's first cheapest and affordable car Nano in the market. Tata launched the car in the market keeping in mind people of every class and the price of the car was only one lakh rupees. However, due to some controversy, the car did not do well in the market.

Where did the idea of the hotel come from

When Indian businessman and Ratan Tata's great grandfather Jamshed ji Tata went to the most expensive hotel in Mumbai, he was not allowed to enter the hotel because of his colour. At that very moment he decided that he would build a better hotel for Indians and in 1903 Tata Group built the most beautiful Taj Mahal Palace Hotel in Mumbai. This was the first hotel in Mumbai which had electricity, American fans and German lifts.

Similarly, he realized the potential of Lancashire Cotton Mill and challenging them, he opened India's first textile mill in 1877. In 1907, his Tata Steel started production.