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Abstract

The Tata Group, one of India's largest business conglomerates, was established by Jamshedji Tata in the second half of the 19th century. Jamshedji's vision for the group was in line with nationalist goals and ideals then, and was envisaged to make India self-reliant. After Jamshedji, Jehangir Ratanji Dadabhoy Tata (JRD) became the Chairman of the Tata Group and played a significant role in continuing the vision of the Group. Tata's assets climbed from INR620 million in 1939 to INR100 billion in 1990. Tata Motors had increased its sales to INR1 million in the year 1991 and it had rolled out 3 million vehicles in the same year. In 1991, Ratan Naval Tata took over the Chairmanship from JRD Tata. Although he was initially criticised for his poor performance, over the years, Ratan Tata disproved his critics. He restructured Tata Group's business operations and made the group compete globally. Under Ratan Tata's chairmanship, Tata Consultancy Services went public and Tata Motors was listed in the New York Stock Exchange. Starting from the late 1990s, Ratan revamped the operations of Tata Steel and made it one of the lowest cost steel producers in the world. However, as the Tatas lack an heir who can succeed Ratan, the group is at a crossroads to decide who will be the next chairman. After Ratan Tata's retirement, the dilemma is who will succeed him and carry the vision of the group.
Location:
Industry:
Other setting(s):
2007

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Abstract

The Tata Group, one of India's largest business conglomerates, was established by Jamshedji Tata in the second half of the 19th century. Jamshedji's vision for the group was in line with nationalist goals and ideals then, and was envisaged to make India self-reliant. After Jamshedji, Jehangir Ratanji Dadabhoy Tata (JRD) became the Chairman of the Tata Group and played a significant role in continuing the vision of the Group. Tata's assets climbed from INR620 million in 1939 to INR100 billion in 1990. Tata Motors had increased its sales to INR1 million in the year 1991 and it had rolled out 3 million vehicles in the same year. In 1991, Ratan Naval Tata took over the Chairmanship from JRD Tata. Although he was initially criticised for his poor performance, over the years, Ratan Tata disproved his critics. He restructured Tata Group's business operations and made the group compete globally. Under Ratan Tata's chairmanship, Tata Consultancy Services went public and Tata Motors was listed in the New York Stock Exchange. Starting from the late 1990s, Ratan revamped the operations of Tata Steel and made it one of the lowest cost steel producers in the world. However, as the Tatas lack an heir who can succeed Ratan, the group is at a crossroads to decide who will be the next chairman. After Ratan Tata's retirement, the dilemma is who will succeed him and carry the vision of the group.

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Location:
Industry:
Other setting(s):
2007

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