TATA

Tata is India’s largest conglomerate, with revenues in 2005-06 of Rs 967,229 million (US $21.9 billion), the equivalent of about 2.8% of India’s
GDP, and a market capitalisation of US $57.6 billion now (only 28 of
the 96 tata group companies are publicly listed). The Tata Group has
operations in more than 40 countries across six continents and its
companies export products and services to 140 nations. The group takes
the name of its founder, Jamshedji Tata, a member of whose family has almost invariably been the chairman of the group. The current chairman of the Tata group is Ratan Tata, who took over from J. R. D. Tata in 1991. The Tata Group comprises 96 companies in seven business sectors.
65.8% of the ownership of Tata Group is held by the charitable trust of
Tata.
History

Jamshedji Tata came from a business family
and made his fortune from cloth mills in the interior of Maharashtra.
He was well travelled and went in for modern industry for India. He
constructed a hotel in Bombay, the Taj Mahal Hotel, in 1903. It was the
first large hotel in India, and it was rumoured to have been set up
because established hotels of the time were owned by Europeans and did
not allow locals. The Indian Hotels Company is a Tata group company
that runs the Taj brand of hotels.

TISCO, now Tata Steel was established in 1907 to set up India’s first iron and steel plant in Jamshedpur
(Named after Tata’s founder, Jamshedji Tata) which is often called
Tatanagar for the company’s significant presence. The plant started
production in 1912. It produces steel at one of the lowest costs in the
world, assisted by the Group’s ownership of its own raw materials (coal and iron),
which means that its cost base is far lower than many rival steel
producers. In 1910, Tata Hydro-Electric Power Supply Company was set
up. In 1917, the Group entered the consumer goods industry with the Tata Oil Mill Company being established to make soaps, detergents and cooking oils. In 1932, Tata Airlines was established. In 1939, Tata Chemicals was established. TELCO, now Tata Motors, was established in 1945 to manufacture locomotive and engineering products.

On January 30, 2007, Tata Steel, part of India’s
Tata Group, offered to purchase 100% stake in the Corus Group at 608 p.
per share in an all cash deal, cumulatively valued at USD 12.04 Billion. This deal was also the biggest acquisition by an Indian company.[citation needed]

Tata surprised the credit default swap segment of the derivative markets
by deciding to raise $6.17 billion of debt for the deal through a new
subsidiary of Corus called “Tata Steel UK”, rather than by raising the
debt itself. Tata’s security credit rating is investment grade,
whereas the new subsidiary may not be. The higher risk associated with
raising debt through a subsidiary with a lower credit rating prompted Fitch Ratings
to downgrade its rating of the credit swap risks in the takeover to
“negative”. Fitch also stated that Corus’ responsibility for the debt
may lead to Corus’ own unsecured debt rating being downgraded.


Business and values

Tata Group’s aim is to improve the quality of life of the
communities it serves. The Tata family of companies shares a set of
five core values: integrity, understanding, excellence, unity and
responsibility. Tata Group has played a pioneering role in a variety of
fields after India’s
independence. It is widely respected for the initiatives it has taken
in different fields for the upliftment of the country. Its contribution
to India’s education, science and technology
is widely documented and appreciated. In fact many of the renowned
public sector companies in India and leading research organisations
trace their history to Tata, for example Indian Institute of Science (IISc), Tata Institute of Fundamental Research (TIFR), Tata Institute Of Social Sciences(TISS), TERI (Tata Energy Research Institute), Air India (Tata Airlines)


Engineering

* TAL Manufacturing Solutions
* Tata Autocomp Systems Ltd (TACO) [1]
is one of the newest addition to Tata Group of Industries. It is one of
the fastest growing auto-components company. TACO has established joint
ventures with a number of world renowned auto-component companies.
* Tata Motors
(formerly Tata Engineering and Locomotives Ltd (TELCO)) is a company of
Tata group of companies which produces automobiles for the Indian
Market. Its products range for goods and passenger transport. Seven out of ten medium and heavy commercial vehicles in India bear the Tata mark, widely trusted in India. The Indica V2 ' India’s only fully indigenously designed and manufactured passenger car ' has been a great commercial success.
* Tata Projects
* TCE Consulting Engineers
* Telco Construction Equipment Company
* TRF
* Voltas



Materials

* Tata Advanced Materials
* Tata Steel
(formerly TISCO, Tata Iron and Steel Company Ltd) is India’s first
private Iron and Steel Company, and also the first company founded by
J.N. Tata (the founder of the Tata Group). Its works are located at Jamshedpur, with headquarters at Mumbai.


On January 30, 2007 the Tata Steel clinched a deal to buy the UK based Corus Group Plc.,
one of the world’s leading steel and aluminium producers, for £6.7
billion, beating CSN in a fast-paced auction to create the world's
fifth largest steelmaker. The company emerged victorious with a bid of
608p a share, topping a 603p a share offer from Brazil's Companhia
Siderurgica Nacional (CSN), after an unprecedented nine rounds of
bidding overseen by the UK's Takeover Panel. The £6.7 billion deal
includes £500 million of debt. [2].

The acquisition of Corus steel is recognized as the biggest ever acquisition involving an Indian company.

* Tata Tinplate is the most profitably run tinning line in India with a state of the art facilities.



Energy

* Tata Power
is one of the largest private sector power companies. It supplies power
to Mumbai, the commercial capital of India and parts of New Delhi.



Chemicals

* Rallis India
* Tata Chemicals
* Tata Pigments



Services

* The Indian Hotels Company
* THDC
* Tata-AIG General Insurance
* Tata-AIG Life Insurance
* Tata Asset Management
* Tata Consultancy Services
* Tata Economic Consultancy Services
* Tata Financial Services
* Tata Investment Corporation
* Tata Quality Management Services
* Tata Share Registry
* Tata Strategic Management Group (TSMG) is one of the largest consulting firms in South Asia.
* Tata Services



Consumer Products

* Tata Ceramics
* Tata McGraw Hill Publishing Company
* Tata Tea Limited is the world’s second largest manufacturer of packaged tea and tea products. It also owns the Tetley brand of tea sold primarily in Europe.
* Titan Industries manufacturers of Titan (watches)
* Trent (Westside)
* Tata Sky



Information systems and communications

* Computational Research Laboratories (CRL)
* INCAT
* Nelco
* Nelito Systems
* SerWizSol
* Tata Consultancy Services Ltd. (TCS) is Asia’s largest software company with 2005-06 revenues being over US$ 2.97 bn.
* Tata Elxsi
is another Software company of the Tata stable. Based in Bangalore. One
of the leading companies in the animation industry of India.
* Tata Interactive Systems
* Tata Infotech
* Tata Technologies Limited
* Tata Teleservices
* Tatanet
* VSNL, the Indian telecom giant, was acquired in 2002. Tata-owned VSNL acquired Bermuda-based (former Canadian crown corporation and Montreal-based) Teleglobe in 2005



The Tata logo

The now ubiquitous blue-coloured Tata logo was designed by the Wolff Olins
consultancy. The logo was meant to signify fluidity; it may also be
seen as a fountain of knowledge, also as a tree of trust under which
people can take refuge.


Educational institutes opened by Tata Group

1. “Tata Institute of Science” now renamed to Indian Institute of Science, Banglore, India
2. Tata Institute of Fundamental Research, a deemed university
3. Tata Management Training Centre, Pune, India
4. Tata Institute of Social Sciences, a deemed university
5. National Centre for the Performing Arts