Meet Indian man, who had only Rs 21000 in pocket, but started such business that overshadowed whole Pakistan, built empire of Rs 34 lakh crores, business is…
A single Indian business has overshadowed the entire economy of Pakistan. It was founded with just Rs 21,000, the Tata Group has reached from the kitchen to the skies. Its market capitalization of Rs 34 trillion ($403 billion) is now bigger than the GDP of many countries.
Tata Group: From Needles To Airplanes
The Tata Group makes everything like needles to airplanes, salt to cars, and roads to power plants. They started India’s first private steel plant, built the first five-star hotel, established the first power plant, and introduced the first software and manufacturing companies in the country. Over the decades, Tata has gone beyond being a business and now it has become a symbol and national pride for the country.
Beginning Of Tata Group
The journey of this world class business began with just Rs 21,000. The man behind this group was Jamsetji Tata, the founder of the Tata Group.
He was born into a Parsi family in Navsari, Gujarat. At the age of 14, he moved to Bombay (now Mumbai) for education and to understand commerce. In 1869, with a capital of Rs 21,000, he established the Alexandra Mill in Bombay which was the foundation of the Tata Group.
The Tata Group was never limited to a single industry. From building aircraft to manufacturing salt, Tata entered into many industries. In 1983, India was facing an iodine deficiency crisis, Tata Chemicals introduced the country’s first packaged branded iodized salt Tata Salt. Which later became a household name to this day.
Ratan Tata Era
Ratan Tata’s leadership took the Tata Group to the next level. He started as an assistant in Tata Industries and became Chairman. He led the group from March 1991 to December 2012. He did major innovations like India’s first SUV, the Tata Safari, and the world’s most affordable car, the Tata Nano.
Tata Group’s Wealth
Today, Tata Group has 29 companies, including Tata Consultancy Services (TCS), Tata Motors, Tata Power, Tata Steel, Titan, Tanishq, Voltas, Tata Chemicals, Tata Communications, Trent, and Tata Elxsi. The group’s total market capitalization exceeds $403 billion which is higher than Pakistan’s GDP.
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