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Sir Nowroji Saklatwala

sir nowroji saklatwalsSir Nowroji Saklatwala (1875 - 1938) was the non-Tata chairman of the Tata group from 1932 till his sudden in 1938 death due to heart attack.

He was son of Bapuji Saklatwala and Virbaiji Tata. His mother Virbaiji Tata was sister of Jamshetji Tata.[2] He completed his studies from St. Xavier's College, Mumbai[3] and joined business in 1899 and worked closely with Dorabji Tata.[4] When Dorabji died in 1932, he became the Chairman of the Tata group, who had task of consolidation of group after Great Deepression.

He also was closely connected with Indian cricket and had played for Parsees team during year 1904-05. But left playing active cricket due to his business pre-occupations. As a cricket player he represented the Parsees against the Europeans in 1904.

He was the first Chairman of Cricket Club of India since its inception in 1933, till his death in 1938 and was instrumental in development of Brabourne Stadium, for which he also donated a large sum of money.

Comments (0) 09.09.2012. 16:56

Sir Ratan Tata

Sir Ratan TataSir Ratan Tata (January 20, 1871 Mumbai – September 5, 1918 St Ives, Cornwall) was a Parsi financier and philanthropist.

He was the son of the noted Parsi merchant Jamsetji Tata. Ratan Tata was educated at St. Xavier's College, Mumbai, and afterwards entered his father's firm. On the death of the elder Tata in 1904, Ratan Tata and his brother Dorabji Tata inherited a very large fortune, much of which they devoted to philanthropic works of a practical nature and to the establishment of various industrial enterprises for developing the resources of India.

An Indian institute of scientific and medical research(Indian Institute of Science),(IISc) was founded at Mysore in 1905, and in 1912 the Tata Iron and Steel Co. began work at Sakchi, in the Central Provinces, with marked success. The most important of the Tata enterprises, however, was the storing of the water power of the Western Ghats (1915), which provided Mumbai with an enormous amount of electrical power, and hence vastly increased the productive capacity of its industries. Sir Ratan Tata, who was knighted in 1916, did not confine his benefactions to India. In England, where he had a permanent residence at York House, Twickenham.

In 1912 he founded The Ratan Tata department of social science and administration at the London School of Economics, and also established a Ratan Tata fund at the University of London for studying the conditions of the poorer classes.

He married Navajbai Sett in In 1892 and left for England in 1915. He died on September 5, 1918 at St Ives in Cornwall, England and was buried at Brookwood Cemetery near London by the side of his father.

Legacy

After his death the Sir Ratan Tata Trust was founded in 1919, with a corpus of Rs. 8 million

The founder of the Tata Empire, Jamsetji Tata, was a true nationalist who foresaw the significance of the industrial revolution for India. He had a desire to catapult India to a place amongst the leading industrial nations of the world. Sir Ratan Tata, the younger of his two sons, was born on 20th January 1871. He was educated at St. Xavier's College in Bombay.

Being a director in most of the Tata promoted companies, he naturally took a keen interest in them. After his father's death in 1904, Sir Ratan, and his elder brother Sir Dorabji, followed in the footsteps of their father, looking after the Tata industrial units with a national outlook. Inspired by their father, both sons sincerely believed that by doing so, they were contributing to India's industrial growth out of national interest.

Thus, Tata Iron and Steel Co. Ltd., the three hydro companies and the four textile mills, were considered by the public as examples of India's national effort at industrial development.

Sir Ratan was extremely kind hearted and generous, always willing to lend a helping hand to any individual or institution in distress. He had a true Indian outlook with a nationalistic fervour; on the other hand, he also possessed a balanced, broad-minded mental viewpoint.

Serious charity meant making the effort to identify a cause one deeply cared about, and then devoting time as well as effort and money. In his short, but satisfying lifetime, Sir Ratan had identified several issues, which bear testimony to his munificence.

A glance at the donations and endowments made by him during his lifetime, typifies his concern for various deserving causes, and is an insightful antecedent to the Trusts' present day grant-bestowing policy.

Comments (0) 09.09.2012. 16:45

Sir Dorabji Tata

Sir Torabji Tata PaintingSir Dorabji Tata (Gujarati: દોરાબજી તાતા; 27 August 1859 – 3 June 1932), was an Indian businessman, and a key figure in the history and development of the Tata Group. Dorabji Tata was knighted in 1910 for his contributions to industry in British India. Birth and education Dorab, or Sir Dorabji, as he was later known, was the elder son of Hirabai and Parsi Zoroastrian Jamsetji Nusserwanji Tata. He received his primary education at the Proprietary High School in Bombay (now Mumbai) before travelling to England in 1875, where he was privately tutored. He entered Gonville and Caius College, Cambridge in 1877,[1] where he remained for two years before returning to Bombay in 1879. He continued his studies at St. Xavier's College, Bombay, where he obtained a degree in 1882. Upon graduating, Dorab worked for two years as a journalist at the Bombay Gazette. In 1884, he joined the cotton business division of his father's firm. He was first sent to Pondicherry, then a French colony, in order to determine whether a cotton mill might be profitable there. Thereafter, he was sent to Nagpur, in order to learn the cotton trade at the Empress Mills which had been founded by his father in 1877. Marriage He was then sent to Mysore State, where he was advised to call on Dr. H. J. Bhabha, the first Indian Inspector-General of Education (He is different from Homi J. Bhabha). Dorab did so, where he met Bhabha's daughter Meherbai, whom he married in 1897. Business legacy Dorabji was intimately involved in the fulfilment of his father's ideas of a modern iron and steel industry, and agreed to the necessity for hydroelectric electricity to power the industry. Dorab is credited with the establishment of the conglomerates Tata Steel in 1907 and Tata Power in 1911, which are the core of the present-day Tata Group. Dorabji is known to have personally accompanied the mineralogists who were searching for iron fields, and it is said that his presence encouraged the researchers to look in areas that would otherwise have been neglected. Under Dorabji's management, the business that had once included three cotton mills and the Taj Hotel Bombay grew to include India's largest private sector steel company, three electric companies and one of India’s leading insurance companies.Founder of New India Assurance Co Ltd. in 1919, the largest General Insurance company in India Non-business interest Dorabji was extremely fond of sports, and was a pioneer in the Indian Olympic movement. As President of the Indian Olympic Association, he financed the Indian contingent to the Paris Olympics in 1924. The Tata family, like most of India's big businessmen, were Indian nationalists but did not trust the Congress because it seemed too aggressively hostile to the Raj, too socialist, and too supportive of trade unions Deaths Meherbai Tata died of leukaemia in 1931 at the age of 52. Shortly after her death, Dorabji established the Lady Tata Memorial Trust to advance the study into diseases of the blood. On March 11, 1932, one year after Meherbai's death and shortly before his own, he established a trust fund which was to be used "without any distinction of place, nationality or creed," for the advancement of learning and research, disaster relief, and other philanthropic purposes. That trust is today known as the Sir Dorabji Tata Trust. Dorabji additionally provided the seed money to fund the setting up of India's premier scientific and engineering research institution, the Indian Institute of Science, Bangalore. Dorabji died in Bad Kissingen, Germany on June 3, 1932, at the age of 73. He is buried alongside his wife Meherbai in Brookwood Cemetery, England. They had no children.

Comments (0) 09.09.2012. 16:39

Jamsetji Nusserwanji Tata

Jamsetji Nusserwanji Tata BORN ON 3 March 1839 – DIED 19 May 1904) was an Indian industrialist, who founded the Tata Group, India's biggest conglomerate company. He was born to a Parsi family in Navsari, Gujarat, India.

He founded what would later become the Tata Group of companies. Jamsetji Tata is regarded as the "father of Indian industry"

Early life

late Jamsetji Tata was born to Nusserwanji and Jeevanbai Tata on 3 March 1839 in Navsari, a small town in South Gujarat. Nasarwanji Tata was the first businessman in a family of Parsi Zoroastrian priests. He started trading in Bombay.

Jamsetji joined his father in Bombay at the age of 14 and enrolled at the Elphinstone College. He was married to Hirabai Daboo[2] while he was still a student.[3] He graduated from college in 1858 and joined his father's trading firm. It was a turbulent time to step into business as the Indian Rebellion of 1857 had just been suppressed by the British government.

Business

Jamsetji worked in his father's company until the age of 29. In 1868, he started a trading company with a seed capital of Rs. 21,000. In 1869, he acquired a bankrupt oil mill in Chinchpokli, converted it into a cotton mill and renamed the mill Alexandra Mill. He sold the mill two years later for a healthy profit. Thereafter he set up a cotton mill in Nagpur in 1874. He christened it Empress Mill on 1 January 1877 when Queen Victoria was proclaimed Empress of India.

He devoted himself to bringing to fruition four of his key ideas: setting up an iron and steel company, a world-class learning institution, a one-of-a-kind hotel and a hydro-electric plant. Only one of the ideas became a reality during his lifetime. The Taj Mahal Hotel was inaugurated on the 3rd of December 1903

However, the foundations laid by him and hard work by his successors ensured that each of the ideas were eventually established and are respectable entities in their respective fields today:

Tata Steel (formerly TISCO - Tata Iron and Steel Company Limited) is Asia's first and India's largest and became world's fifth largest steel company, after that it acquired anglo-Dutch Corus group producing 28 million tonnes of steel annually.

The Indian Institute of Science The Taj Mahal Palace & Tower in Colaba district in Mumbai.[6]; the only venture to bear fruition during his lifetime. The hotel was completed for a princely sum of Rs. 42,100,000 on 16 December 1903. Taking inflation into account it would cost Rs. 11,475,496,284 (£160,962,295) in 2010 prices.[7].It was the only hotel in India to have electricity. It had American fans, German elevators, bathtubs from Turkey and British butlers and waiters worked there.

The Tata Power Company Limited is India's largest private sector electricity generating company with an installed generation capacity of over 2300 MW

Personal Life

Jamsetji Tata married Hirabai Daboo. Their sons, Dorabji Tata and Ratanji Tata, succeeded Jamsetji as the chairman of the Tata group.

Death

While on a business trip in Germany in 1904, Tata became seriously ill. He died in Nauheim on May 19, 1904, and was buried in a Parsi cemetery in Woking, England

Legacy

The company started by Jamsetji Tata came to be known as the Tata Group and is today among the largest private sector firms in the world.

Jamshedpur, also known as Tatanagar, a city in the Indian state of Jharkhand is named after him. The Tata Group has many facilities there, viz Tata Steel, Tata Motors (manufacturing heavy vehicles) also includes HVAL, HVTL, Telcon, Tata Power, Jusco, Tata Cumins, Tata Robins Frazer (TRF), Tata bearing, Tayo[disambiguation needed], Tata Tubes Division, Tinplate, Tata Agrico, IS&WP, Tata Pigments.

Comments (0) 09.09.2012. 16:33

Tata Group

Tata Group is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra, India.[3] It encompasses seven business sectors: communications and information technology, engineering, materials, services, energy, consumer products and chemicals. Tata Group has operations in more than 80 countries across six continents and its companies export products and services to 80 nations. It has over 100 operating companies each of them operates independently out of them 31 are publicly listed.[4] The major Tata companies are Tata Steel, Tata Motors, Tata Consultancy Services (TCS), Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Taj Hotels.[5] The combined market capitalisation of all the 31 listed Tata companies was $76.76 billion as of July 2012. Tata receives more than 58% of its revenue from outside India.[6] The group takes the name of its founder, Jamsetji 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 company is currently in its fifth generation of family stewardship.[7] Tata Sons is the promoter of all key Tata companies and holds the bulk of shareholding in these companies. The chairman of Tata Sons has traditionally been the chairman of the Tata group. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The 2009, annual survey by the Reputation Institute ranked Tata Group as the 11th most reputable company in the world.[8] The survey included 600 global companies. The Tata Group has helped establish and finance numerous quality research, educational and cultural institutes in India.[9][10] The group was awarded the Carnegie Medal of Philanthropy in 2007 in recognition of its long history of philanthropic activities History The Tata Group was founded as a private trading firm in 1868 by entrepreneur and philanthropist Jamsetji Nusserwanji Tata.[12] In 1902 the group incorporated the Indian Hotels Company to commission the Taj Mahal Palace & Tower, the first luxury hotel in India, which opened the following year. After Jamsetji’s death in 1904, his son Sir Dorab Tata took over as chair of the Tata Group. Under Dorab’s leadership the group quickly diversified, venturing into a vast array of new industries, including steel (1907), electricity (1910), education (1911), consumer goods (1917), and aviation (1932) ollowing Dorab’s death in 1932, Sir Nowroji Saklatwala became the group’s chair. Six years later Jehangir Ratanji Dadabhoy Tata (J.R.D.) took over the position. His continued expansion of the company into new sectors—such as chemicals (1939), technology (1945), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968)—earned Tata Group international recognition. In 1945 Tata Group established the Tata Engineering and Locomotive Company (TELCO) to manufacture engineering and locomotive products; it was renamed Tata Motors in 2003. In 1991 J.R.D.’s nephew, Indian business mogul Ratan Naval Tata, succeeded him as chairman of the Tata Group.[14] Upon assuming leadership of the conglomerate, Ratan aggressively sought to expand it, and increasingly he focused on globalizing its businesses. In 2000 the group acquired London-based Tetley Tea, and in 2004 it purchased the truck-manufacturing operations of South Korea’s Daewoo Motors. In 2001 Tata Group partnered with American International Group, Inc. (AIG) to create the insurance company Tata-AIG

Comments (0) 09.09.2012. 16:24

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