Essay On Tata Steel Limited

Tata Communications is a global company with its roots in the emerging markets. Headquartered in Mumbai and Singapore, it has more than 8,000 employees across 38 countries. The $3.2 billion company is listed on the Bombay Stock Exchange and the National Stock Exchange of India and is the flagship telecoms arm of the $103.3 billion Tata Group.

With 75% capacity utilization, a level too low for many companies, three European companies decided to merge to form the world’s largest steel producer. Two Japanese companies did the same to form the second-largest steel producer. These new mega-steelmakers could easily outmuscle their U.S. competitors. The largest steel producer in the US, USX-U.S. Steel group was already at number 11, with a threat of falling

Arcelor Mital, the first largest steel company of the world, on the date the article was written, arose from the merger between the UK/Indian based-company Mital and the French and Luxembourg-based

The Company’s Vision for Tata Steel: “to seize the opportunities of tomorrow and create a future that will make it an EVA positive Company and to continue to improve the quality of life of its employees and the communities it serves”

Tata Motors Limited is one of the India's largest multinational automobile manufacturing company with 42 billion USD turnover. The company is a leader in development of commercial vehicles, such as sports vehicles, trucks, defense vehicles and cars. Tata Motors is part of the Tata group of companies founded in 1868 by Jemsetji Tata. The company is mainly located at India, Italy, Korea and UK. It has sales in more than 175 countries around the globe.

Tata’s mission statement is:” At the Tata group we are committed to improving the quality of life of the communities we serve. We do this by striving for leadership and global competitiveness in the business sectors in which we operate”

Bharat Forge the Indian multinational is a global leader in metal forming having its presence across nine manufacturing locations, serving several sectors like automotive, oil and gas, power, construction & mining. BFL was founded in the year 1961 by Nilkanthrao Kalyani. Bharat Forge is one of the most innovative and exhilarated companies to emerge in the history of forging industry. Mr Kalyani’s main goal was to acquire technological expertise. The company initially planned three strategies in a socialistic environment of production quotas, price controls and strong employee rights. Mr Baba Kalyani the chairman and managing director with his prescience, a global strategy was born, by successfully competing with multinationals in India, Bharat Forge laid the foundation for overseas growth. Thus the company was successful in acquisition of international strategy; by this it gained customers, credibility and production capacity. Now Bharat Forge is the second largest forging company in the world, it supplies to 35 of the world’s 40 largest manufacturers

Introduction: The following report will look at the company Tata which was founded in 1868 by Jamsetji Nusserwanji Tata. The purpose of this report is to research, analyse and synthesise Tata’s approach towards a range of key areas and present it as a written report. This report should include the sections of corporate social responsibility, sustainability and employment practices. Furthermore, this report will outline three specific approaches an individual may consider implementing in the future as a manager.

Apart from these, TCS puts in great efforts to impart TATA group ethic and culture. The only attribute that drives TATA companies is the value system. (Rich culture diversity @ TCS, n.d.)

Watch Industries, Tata phone and mobile services, Tata Consultancy Services and of course the world

The foundation of the future Tata Group was laid in 1868 by Jamsetji Tata through the establishment of a trading company in Bombay. This initial investment was followed by the acquisition of a bankrupt oil mill in 1869 which, after being converted into a cotton mill, was sold to make profit and enable him to undertake the first major industrial project of the Tata Group by setting up another cotton mill in 1874, the Empress mill (named after the Empress of India, Queen Victoria).

Economic With business practices all over the world , Tata Motors concentrates on global economies while focusing on individual markets within countries. In recent years Tata Motors has experienced high growth since 2004. They have created joint ventures with 5 countries across the

“The foundation of the company’s growth is a deep understanding of economic stimuli and customer needs, and the ability to translate them into customer-desired offerings through leading edge R&D” (Tata). Employing 1,400 scientists and engineers, Tata Motors’ Research and Development team is ahead of the pack in India’s market and right with the rest of the field internationally. Tata’s firsts are “the first indigenously developed Light Commercial Vehicle, India 's first Sports Utility Vehicle and, in 1998, the Tata Indica, India 's first fully indigenous passenger car,” as well as the increasingly famous Tata Nano, which is projected to be the world’s cheapest production car (Tata).

Since its establishment, Tata has shown a strategy of incremental change. Arguably, that point was important because so the group might vary within the current market. In the nineteenth – century steel was seen as an unprofitable section. Even more than 50 independent steel producers went into bankruptcy in the USA (Business Monitor International Ltd, 2010: 54).

Tata Steel acquired Corus Group in April 2007 for £6.2bn. Tata Steel is India’s largest private sector steel company with 2005/06 revenues of US$5.0 billion and crude steel production of 5.3 million tons across India and South-East Asia. Corus Group is Europe's second largest steel producer with annual revenues of over £9.2 billion and a crude steel production of 18.2 million tons in 2005. This is an interesting acquisition as the acquired company was almost four times the size of the acquirer in terms of revenue. The combined entity became the fifth largest steel company in the world. The acquisition allowed Tata Steel entry into the European market. This deal follows the merger of Arcelor-Mittal forming world’s largest steel company. It is