1. commerce project on tata group Gaurav jangra pgdav college 29th march 2014 Jamsetji Tata a brief intro about jamsetji tata:- He was an Indian pioneer industrialist, who founded the Tata Group, India's biggest conglomerate company. He was also known as father of indian industry. He founded what would later become the Tata Group of companies.

2. commerce project on tata group Gaurav jangra pgdav college 29th march 2014 Founder Of Tata Group.... Early life Jamsetji Nusserwanji Tata Was Born To Nusserwanji And Jeevanbai Tata On 3rd March 1839 In Navsari A Small Town In South Gujrat. Tata was the first businessman in a family of Parsi Zoroastrian Priests. It was only natural that Nusserwanji, would, as usual join the family priesthood, but the enterprising youngster broke the tradition to become the first member of the family to try his hand at business. He started trading in Bombay. Jamsetji joined his father in Mumbai at the age of 14 and enrolled at the Elphinstone College completing his education as a Green Scholar (equivalent of todays graduate). He was married to Hirabai Daboo while he was still a student. He graduated from college in 1858 and joined his father's trading firm. It was a turbulent time to step into business as the Indian Rebellion of 1857 had just been suppressed by the British government. 3. commerce project on tata group Gaurav jangra pgdav college 29th march 2014 Jamsetji's knowledge expansion happened through successive trips abroad, mainly to England, America, continental Europe, and other places that convinced him that there was tremendous scope for Indian companies to forge through and make a foray in the British dominated textile industry. Business Jamsetji worked in his father's company until he was 29. He founded a trading company in 1868 with Rs. 21,000 capital. He bought a bankrupt oil mill at Chinchpokli in 1869 and converted it to a cotton mill, which he renamed Alexandra Mill. He sold the mill two years later for a profit. He set up another cotton mill at Nagpur in 1874, which he christened Empress Mill when Queen Victoria was proclaimed Empress of India on 1 January 1877. He devoted his life to four goals: 4. commerce project on tata group Gaurav jangra pgdav college 29th march 2014 1. setting up an iron and steel company 2. a world-class learning institution 3. a unique hotel 4. a hydro-electric plant. Only the hotel became a reality during his lifetime, with the inauguration of the Taj Mahal Hotel at Colaba waterfront in Bombay (now Mumbai) on 3 December 1903 at the cost of 42 million rupees (about 11 billion or 1100 crore rupees at 2010 prices). At that time it was the only hotel in India to have electricity. later achievement of tata group :- 1. Tata Steel (formerly TISCO Tata Iron and Steel Company Limited) is Asia's first and India's largest steel 5. commerce project on tata group Gaurav jangra pgdav college 29th march 2014 company. It became world's fifth largest steel company, after it acquired Corus Group producing 28 million tonnes of steel annually. 2. Indian Institute of Science, Bangalore, the pre-eminent Indian institution for research and education in Science and Engineering. 3.Tata Hydroelectric Power Supply Company, renamed Tata Power Company Limited, currently India's largest private electricity company with an installed generation capacity of over 8000MW. -:Personal Life:- Jamsetji Tata married Hirabai Daboo. Their sons, Dorabji Tata and Ratanji Tata, succeeded Jamsetji as the chairman of the Tata group. Tata's sister Jerbai, through marriage to a Bombay merchant, became mother of Shapurji Saklatvala, who Jamsetji employed to successfully prospect for coal and iron ore in Bihar and Orissa. Saklatvala later settled in England, initially to manage Tata's Manchester office, and later became aCommunist Member of the British Parliament 6. commerce project on tata group Gaurav jangra pgdav college 29th march 2014 Death:- While on a business trip in Germany in 1900, Tata became seriously ill. He died in Nauheim on May 19, 1904, and was buried in the Parsi burial ground in Brookwood Cemetery, Woking, England. Imp. :- Tata's iron and steel plant was set up at Sakchi village in Bihar. The village grew into a town and the railway station there was named Tatanagar. Now it is a bustling metropolis known as Jamshedpur in Jharkhand, named in honor of the Jamshetji. quotes:- "Freedom without the strength to support it and, if need be, defend it, would be a cruel delusion. And the strength to defend freedom can itself only come from widespread 7. commerce project on tata group Gaurav jangra pgdav college 29th march 2014 industrialisation and the infusion of modern science and technology into the country's economic life." "That he was a man of destiny is clear. It would seem, indeed, as if the hour of his birth, his life, his talents, his actions, the chain of events which he set in motion or influenced, and the services he rendered to his country and to his people, were all pre-destined as part of the greater destiny of India." J. R. D. Tata "No Indian of the present generation had done more for the commerce and industry of India." Lord Curzon, the viceroy of India, following Jamsetji Tata's demise