In this article, we will inform you all the important, latest and authentic updates about Tata Group Net Worth and more. Keep reading this article till the end. Let’s have a look on what you need to know so far about Tata Group. Let’s get started.
About Tata Group
The Tata Group is an Indian multinational conglomerate headquartered in Mumbai which was established in 1868, it has offered its services over 150 countries, and operations in 100 countries across six continents. The founder of Tata Group is Jamsetji Tata who is also known as “father of Indian industry”.
Tata Group Net Worth
Indian multinational conglomerate headquartered, The Tata Group is one of the largets organizations globally. According to web, the net worth of Tata Group as of 2023 has reached to $311 billion.
About TaTa Group Journey
Jamshedji Nusserwanji Tata was born in 1839 who graduated from Elphinstone College in Bombay in 1858. After graduation, he decided to join his father’s trading firm, developed interest in developing trade with China. In 1870 with Rs.21,000 capital, he got a trading company. He bought a bankrupt oil mill at Chinchpokli and converted it into a cotton mill, with the name Alexandra Mill which he sold for a profit after two years.
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In 1874, he set up another cotton mill at Nagpur named Empress Mill. He desired to achieve four goals which include, to open an iron and steel company, a unique hotel, a world-class learning institution, and a hydroelectric plant. Jamsetji died and then, his older son Dorabji Tata became the chairman in 1904. Sir Dorabji established the Tata Iron and Steel Company (TISCO), now known as Tata Steel in 1907. Indian Institute of Science was established in 1911.
In 1983, J. R. D. Tata became the chairman of the Tata Group. He grew the assets of the Tata Group from US$101 million to over US$5 billion. In 1932, JRD founded an airline, known as Tata Air Services which later renamed Tata Airlines. In 1953, the Government of India passed the Air Corporations Act and bought a stake in the carrier from Tata Sons.
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In 1945, Tata Motors was founded. In 1968, Tata Consultancy Services was founded. In 1991, Ratan Tata became chairman of Tata Group. Tata Group acquired many companies. Tata Group bought Tetley In February 2000. Then acquired Corus Group in the year 2007. In 2008, it acquired Jaguar and Land Rovery.
Tata Motors launched the Tata Nano, world’s most affordable car in 2008. In 2017, Natarajan Chandrasekaran became chairman. It acquired insolvency law and investments in E-commerce, purchased Air Asia India. He addressed about the future strategy includes, healthcare, electronics, and digital. Tata Owned Air India to acquire AirAsia India.
Who Is The Current Chairman of Tata Group?
Natarajan Chandrasekaran is an Indian businessman, and the current chairman of Tata group. He was chief operating officer (COO) and executive director of Tata Consultancy Services (TCS). He became chief executive officer (CEO) in 2009.
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He was also the chairman of Tata Motors and Tata Global Beverages (TGB). He studied in a Tamil Government school in Mohanur. Earned a bachelor’s degree in applied sciences from the Coimbatore Institute of Technology, Tamil Nadu. He got his Master of Computer Applications (MCA) from the Regional Engineering College, Tiruchirappalli which is now known as National Institute of Technology, Tiruchirappalli. He was nominated as the chairman of Indian IT industry body NASSCOM in April 2015.
Tata Group Chairman List
The chairman of Tata Sons is the chairman of the Tata Group. Here is the full list. Check out now:
- Jamsetji Tata (1868–1904)
- Sir Dorabji Tata (1904–1932)
- Sir Nowroji Saklatwala (1932–1938)
- J. R. D. Tata (1938–1991)
- Ratan Tata (1991–2012)
- Cyrus Mistry (2012–2016)
- Ratan Tata (2016–2017)
- Natarajan Chandrasekaran (2017–present)
Conclusion
The Tata Group is an Indian multinational conglomerate headquartered in Mumbai which was established in 1868. Jamshedji Nusserwanji was the first chairman of Tata group. The current chairman is Natarajan Chandrasekaran. The founder of Tata Group is Jamsetji Tata is also known as “father of Indian industry”. The net worth of Tata Group is $311 billion.
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