Tatas are indeed an influential family in India. Tatas with their venture of the Tata group have been able to penetrate as many markets and segments possible in India. The legacy of the Tatas is not a decade old, it has been prevalent since many years as a result of which they are able to make a name for themselves in the market and in the Indian industrial sector.
Here are the 10 key contributions of the Tatas to India
1. Father of Indian industry..?
Jamsetji Tata was the founder of the Tata group is also regarded as the “Father of Indian Industry” . He started a textile mill in Central India with just ₹21,000 back in 1868 and built an empire with it.
2. The following of footsteps
Jamsetji Tata’s son Dorabji Tata set up Tata Steel and Tata Power. When the Tata Steels were facing a hard time after World War I, Sir Dorabji Tata and his wife pledged their personal belongings to save it.
3. The ‘Games’
Sir Dorabji Tata was also an ardent fan of sports, he was the President of the Indian Olympic Council. India owes its first participation in the Olympic Games at Antwerp in 1920 to him as he financed the Indian contingent that went to Paris in 1920.
4. Indian Institute of Science
Jamsetji Tata setup the IISc in Bengaluru or the Indian Institute of Science which happens to be one of the premiere research institutes in India.
5. Tata Airlines
JRD Tata who was the next generation started in 1929, JRD Tata became one of the first Indians to be granted a commercial pilot’s license. JRD Tata founded Tata Airlines in 1932 and flew the first flight from Drigh Road in Karachi. In 1953, Jawaharlal Nehru’s government nationalized Air India, a decision JRD Tata fought against with all his heart. In 2022, the Tata group took over Air India again after seven decades.
6. Tata Institute of Fundamental Research
JRD Tata founded the Tata Institute of Fundamental Research along with Homi Jehangir Bhabha. He also helped in founding the Tata Institute of Social Sciences, the National Institute of Advanced Sciences and the National Centre for the Performing Arts.
The Tata Consultancy Services (TCS) is the IT company responsible for the software used in BSE and NSE which facilitates huge transactions on both platforms. BSE and NSE are one of the top stock markets of the world. TCS is the number 1 IT Services company in both India and UK.
8. The Tata Trusts
This philanthropic venture goes out to support millions of people across the country also provides support to many startups and social ventures.
9. Meet Ratan Tata
The man is itself a gift to India and has made Tata group reach high levels of growth. In the 2000s, Tata group made several high-profile acquisitions like Tetley, Corus, Jaguar Land Rover, Brunner Mond, General Chemical Industrial Products and Daewoo. These are just a few samples.
10. Tata Motors
One of the most vital car brands of India, a ‘Made in India’ brand that gave Nano which was a common man car and now produces cars that compete with foreign brands like Hyundai and Kia.