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Timeline of Tata Group

24 bytes added, 11:22, 16 November 2019
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! Time period !! Development summary !! More details
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| 1868–1947 || British India || After a voyage to {{w|England}} and having discovered significant opportunities for Indian participation in a British-dominated textiles industry<ref name="India as a Model for Global Development"/>, {{w|Jamsetji Nusserwanji Tata}} funds Tata as a private trading company. The firm enters the textile business in the first yearsachieving great success. However, business diversification begins already in this century. In 1898, Hotel Taj in {{w|Mumbai}} becomes the first hotel of such standard in India, and lays the foundation of [[w:Taj Hotels|Taj Group]] of hotels.
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| 1947–1991 || Independent India || After having won its independence from Britain, the Indian Government introduces legislation against monopoly industries and high tax dividends. As a result, Tata diversifies its activities into unrelated businesses in order to invest its revenues in different sectors rather than pay high taxes.<ref name="Global Strategic Management">{{cite book |last1=Frynas |first1=Jedrzej George |last2=Mellahi |first2=Kamel |title=Global Strategic Management |url=https://books.google.com.ar/books?id=QYJ1BQAAQBAJ&pg=PA237&lpg=PA237&dq=%22tata%22+%22high+taxes%22&source=bl&ots=aaz41qAspc&sig=ACfU3U0_Tc5WmxbEfRK5TfyJV0TYp323_w&hl=en&sa=X&ved=2ahUKEwjB2ou1lO_lAhXNIbkGHS2dDTQQ6AEwB3oECAkQAQ#v=onepage&q=%22tata%22%20%22high%20taxes%22&f=false}}</ref> This period also marks the beginning of attempts of {{w|nationalization}}s of companies. {{w|Tata Airlines}} is nationalized in 1953, while unsuccessful attempts to nationalize {{w|Tata Steel}} occur in 1971 and 1979. On the other hand, many British companies are sold to Indians.<ref>{{cite book |last1=Paul |first1=E. Jaiwant |title=The Story of Tea |url=https://books.google.com.ar/books?id=gd2mBAAAQBAJ&pg=PT36&dq=%22tata%22+%22independence%22+%22india%22+%221947%22&hl=en&sa=X&ved=0ahUKEwjGrZrykO_lAhWLILkGHSCrCC8Q6AEIODAC#v=onepage&q=%22tata%22%20%22independence%22%20%22india%22%20%221947%22&f=false}}</ref> In 1976, [[W:Tata Global Beverages|Tata Finlay]] takes over the production and marketing operations of James Finlay.
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