The Tata Group is India's largest conglomerate company, 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 continent
s and its companies export products and services to 140 nations. 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. [1]
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.[2]
s and its companies export products and services to 140 nations. 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. [1]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.[2]
History
Jamshedji Tata came from a Parsi 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 was set up because established hotels of the time were owned by Europ
eans 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 for providing cheap and abundant power to the city of Mumbai. 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, now Air India, 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 any Indian company till date.
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.
eans 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 for providing cheap and abundant power to the city of Mumbai. 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, now Air India, 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 any Indian company till date.
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 field
s 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)
s 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] was established in 1995 to spearhead Tata Group's foray into autocomponents. It is now, one of the fastest growing auto-components companies. TACO has established joint ventures with a number of world renowned auto-component companies, and has its own businesses in India, Europe, US, China and Japan.
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 Motors has shown serious interest in buying the British car makers Land Rover and Jaguar from Ford Motor Company.
Tata Projects
TCE Consulting Engineers
Telco Construction Equipment Company
TRF
Voltas
Tata Autocomp Systems Ltd (TACO) [1] was established in 1995 to spearhead Tata Group's foray into autocomponents. It is now, one of the fastest growing auto-components companies. TACO has established joint ventures with a number of world renowned auto-component companies, and has its own businesses in India, Europe, US, China and Japan.
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 Motors has shown serious interest in buying the British car makers Land Rover and Jaguar from Ford Motor Company.
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. It is currently the largest steel producer in India and the fifth largest in the world.
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.
Tayo Rolls, India's largest roll manufacturer and supplier. [3]
Tata Tinplate, a major.
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.
Tayo Rolls, India's largest roll manufacturer and supplier. [3]
Tata Tinplate, a major.
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