Ever wondered how the word ’’Tata’’ which means saying good bye came in to existence? It was due to the brand TATA, which it was and still is that people preferred saying ’’tata’’.
Founded as a textile trader more than a century ago (124 years), the Tata Group now holds enough companies to blanket India. India’s largest industrial conglomerate, Tata runs more than 80 companies in several sectors. Two of its largest operations are steel making, through Tata Iron and Steel Co. (Tisco), and vehicle manufacturing, through Tata Engineering & Locomotive Co. (Telco). The group also has holdings in agribusiness, chemicals, consumer products (Tata Tea, which acquired tea giant Tetley in 2000), energy, engineering, exports, finance, information technology and telecommunications, and service industries.
The Tata Group has a leadership position in many industries. Highlights:
The world’s largest integrated tea operation.
Asia’s largest software exporter.
The world’s sixth largest manufacturer brand of watches (Titan).
India’s largest private sector steel producer.
Largest 5-star chain of luxury hotels in India.
India’s largest manufacturer of soda ash.
India’s largest private sector power utility.
Besides all this Tata Group is also known for maintaining good relationships with its employees.
Tata is restructuring its vast empire to reduce hierarchy, focus on profitable operations, and increase efficiency.
Tata, with an $8.5 billion turnover, was dethroned as India’s top private group by sales last year when the
Reliance conglomerate topped with $12.36 billion after its 540, 000-barrels-a-day refinery (Reliance Petroleum) went on stream.
The company has come a long way from its textile and trading roots, but even emerging in the 21st century struggled to shake off a reputation for being stolid and slow compared with the country’s more nimble companies.