Tata Motor Company

6520 Words Apr 4th, 2006 27 Pages
Tata Group of Industries
The story of Tata begins in 1868 when a young boy named Jamsetji Tata joined his father's small trading company. Thirty-five years later, that same boy was the owner of India's largest textile company, Tata Textile. Over the last century, Tata has excelled in many different business sectors including Materials (Steel and Mining), Agriculture, Energy, Consumer Products, Information Technology, Consultancy, Finance, Automobiles, Chemicals, Engineering and Hospitality. Tata Group of Industries reported $17.6 billion in revenues in 2005, which is equivalent to 2.8 percent of India's GDP. In 2006, it is projecting its annual revenue to be around $24 billion. Figure 1 shows the breakdown of Tata's revenues for the
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Also, in order to cut down heavy losses, Tata steel had to lay off more than half of its work force over the last 15 years. This strategic decision made Tata competitive in one of the most brutal industries. However, it didn't damage the laid off workforce as Tata promised to pay them full salary until retirement and there after, pension benefits. "When an organization functions as a global citizen through its corporate social responsibility initiatives, this often boosts its reputation externally." (Pio, 2005) Tata has been built on a strong reputation not only within the home country, but in different locations around the globe.
For over 130 years, Tata's mission has always been to develop India as a great industrial power. Tata truly believes the development of a nation lies in the hands of the business owners. Tata has done a great deal in developing the infrastructure of India, especially in Jamshedpur, the city where Tata originated. Jamsetji Tata turned Jamshedpur from a jungle to the one of the largest industrial sectors of India. There he opened factories, schools, churches, parks and hospitals for Tata employees that showed his commitment to all the stakeholders that would be a part of Tata. Tata was the first one to introduce an eight hour work day concept in India and offered medical benefits to employees, which even today is unknown to many employers in India. After the death of Jamsetji Tata in 1991, his son Ratan

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