Tata Group : A Global Leader Player

What do you think of some critics’ opinion that Ratan Tata was moving the group of companies in exactly the opposite direction from where it should be going?

A standout amongst the most well-known and regarded industrialists in India, Ratan Tata (Ratan Naval Tata), is the Chairman of the Tata Group which is situated in India and containing 98 working organizations spread across 56 countries in six continents. Ratan Tata, born on December 28, 1937 to Soonoo and Naval Hormusji Tata and is the great grandson of Jamsedji Tata founder of Tata group. Rattan’s childhood was troubled, his parents separated in the mid-1940 and Ratan and his brother were raised by their grandmother. He learned at the Campion School in Mumbai and at 15 years of age, he moved to the United States for further studies. He finished his graduation from Cornell University with a degree in Architecture and Structural Engineering in 1962 and briefly worked with Jones and Emmons in Los Angeles. He was offered a position at IBM, which he turned down on the advice of JRD Tata. He finished the Advanced Management Program at Harvard Business School in 197510. Left to him, Ratan Tata would most likely have stayed on in the United States in the wake of preparing as a draftsman at Cornell University. However the child of appointee gathering director Naval Tata and the nephew of JRD Tata couldn 't be permitted to work outside the gathering. In 1962, Ratan joined the family business, taking a shot at the Tata Steel shop floor at Jamshedpur, working with

It is a combined venture of the TATA Group and the TamilNadu Industrial Development Corporation.

Tata Steel was established in Jamshedpur in 1907, under the supervision of Jamsetji N. Tata, is today a global business enterprise having services and products in more than 150 countries and have employees spread across five continents, and they are world’s second-most geographically diversified steel producer. Tata Steel is among the top global steel companies in the world. Sustainability is one of the important aspects of the culture of Tata Steel. The founder of Tata group, JN Tata’s belief that “the community is not just another stakeholder in business, but the very purpose of our organization’s existence.” In the span of few years, Tata Steel company has taken the top position in the world of industry in many aspects and has been recognized as a top leader in many

They have created the TGIF who connects all Tata companies inviting as well academics and experts in innovation in order to create a network of expertise that leads the company to create innovation concepts and tools to achieve their strategic goals. (Tata 2015b) They also collaborate with top universities and start-ups that enable the company to look outside of the box and be more open to new concepts. (Tata, 2015c)

He was to officially retire on May 21 1993, but was sacked on April 19, 1993. Had he behaved with greater decorum, he could’ve had a much more graceful exit and assured himself pride of place in Tata history.

The first advantages of going international for Tata is to achieve benefits of economies of scale; Tata has more than 100 operating companies in seven main business groups doing business in 80 countries: chemicals, information systems and communications, consumer products, energy, engineering, materials, and services. Its two largest businesses are Tata Steel and Tata Motors. Its Tata Tea, which owns the valued Tetley brand, also is one of the largest tea producers in the world. It ranked 6 on the

Chapter 7: Merger and Acquisition Strategy ---- House of Tata: Acquiring a Global Footprint (written by Tarun Khanna, Krishna G. Palepu, and Richard J. Bullock)

What were the key challenges facing Tata Motors in the process of moving to produce passenger cars from successfully producing commercial vehicles?

Tata Steel Ltd, one of the biggest steel manufacturing companies in India conducts its day to day operations by being socially responsible towards the society and respects human dignity. It aims for the progress of the community people and creates long term values for all stakeholders by serving them globally. It will allocate at least 3 percent of its net profits before taxes of the preceding 3 years for the Corporate Social Responsibility Practices. The surplus generated by carrying out Corporate Social Responsibility Practices

The Reliance Group, founded by Dhirubhai H. Ambani (1932-2002), is India's largest private sector enterprise, with businesses in the energy and materials value chain. Group's annual revenues are in excess of USD 27 billion. The flagship company, Reliance Industries Limited, is a Fortune Global 500 company and is the largest private sector company in India.

From the eyes of a falcon’s eye view, leadership we trust on TATA group which was found 148 years ago by Jamsetji Tata which is currently at 33thrank in worldwide market internationally, it’s also one of the largest, oldest and most prized business in the India. The company comprises around more than 100 working companies with 300 subsidiaries in more than 40 other different businesses across 6 continents with more than 600,000 employees worldwide. Tata these days operates mostly on eight major business lines ranging from Communications & ITeS, Consumer & Retail, Defense & Aerospace, Financial Services, Manufacturing, Promoter companies, Realty & Infrastructure and Hospitals & Other Services. The previous CEO of Tata was Ratan Tata who has made the company grown from $ 5 billion group to $ 68 billion mainly through acquisitions under his leadership who took the company. Tata group has a strong presence and along with a powerful image as well as a business values and ethics.

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).

Another challenge is to formulate strategies for over 100 companies in more than 80 countries. Besides this, another problem of Tata Group is the high involvement of Ratan Tata, who is the chief steward of the group of nine senior executives sitting on the boards of the Tata companies, in both the negotiations of major deals and the details of his auto-making, telecom or steel businesses (Luthans and Doh 2009). The next challenge for Tata is on how to absorb the struggling Corus mills. Other challenges for the future include deciding on which businesses to spin-off and which to pursue, what will happen to the conglomerate during an economy slow-down. The most challenge issue for Tata Group perhaps would be to fill the void left behind by the energetic and visionary Mr Ratan Tata - Chairman of the Tata Group, when he retire (Koontz and Weihrich 2010).

From a stagnant $12 billion dollar value in 2003 to a turnover of almost $139 billion company in 2014, the former chairman and brain behind the success, Mr Ratan N Tata and the current leader Cyrus Mistry has succeeded bringing the Group to be one of the top global conglomerate in the world.