Difference between revisions of "Timeline of Tata Group"
From Timelines
(→Full timeline) |
(→Full timeline) |
||
Line 23: | Line 23: | ||
| 1871 || || || "In 1869 Tata moved into textiles, in Chinchpokli he acquired bankrupt oil mill in the industrial heart of Bombay, later on the property was converted into the cotton mill and renamed as Alexandra Mill. Two years later, he sold the mill for a significant profit to a local cotton merchant."<ref name="A brief history of the Tata Group"/> | | 1871 || || || "In 1869 Tata moved into textiles, in Chinchpokli he acquired bankrupt oil mill in the industrial heart of Bombay, later on the property was converted into the cotton mill and renamed as Alexandra Mill. Two years later, he sold the mill for a significant profit to a local cotton merchant."<ref name="A brief history of the Tata Group"/> | ||
|- | |- | ||
− | | 1874 || || || [[w:Jamsetji Nusserwanji Tata|Jamsetji]] establishes a textile mill in {{w|Nagpur}}, choosing this city over {{w|Bombay}}, the Indian textile hub. The Empress Mills experiment would prove to be very successful.<ref name="The Complete Story"/> | + | | 1874 || || || [[w:Jamsetji Nusserwanji Tata|Jamsetji]] establishes a textile mill in {{w|Nagpur}}, choosing this city over {{w|Bombay}}, the Indian textile hub. The Empress Mills experiment would prove to be very successful.<ref name="The Complete Story"/><ref name="A brief history of the Tata Group"/> |
− | |||
− | |||
|- | |- | ||
| 1877 || || || "T.R. Doongaji hails from Nagpur, the place where Jamsetji Nusserwanji Tata started his first venture, Empress Mills, in 1877. "<ref name="Tata Group history is">{{cite web |last1=Tyagi |first1=Rachna |title=Tata Group history is also the history of Indian industry |url=https://www.theweek.in/theweek/cover/2018/10/05/tata-group-history-is-also-the-history-of-indian-industry.html |website=theweek.in |accessdate=18 September 2019}}</ref> | | 1877 || || || "T.R. Doongaji hails from Nagpur, the place where Jamsetji Nusserwanji Tata started his first venture, Empress Mills, in 1877. "<ref name="Tata Group history is">{{cite web |last1=Tyagi |first1=Rachna |title=Tata Group history is also the history of Indian industry |url=https://www.theweek.in/theweek/cover/2018/10/05/tata-group-history-is-also-the-history-of-indian-industry.html |website=theweek.in |accessdate=18 September 2019}}</ref> | ||
Line 31: | Line 29: | ||
| 1886 || || || "Empress Mills pioneers employee welfare initiatives, long before they are enacted by law. 150 years later, the Tata group remains a 'people-first' enterprise."<ref name="The Complete Story"/> | | 1886 || || || "Empress Mills pioneers employee welfare initiatives, long before they are enacted by law. 150 years later, the Tata group remains a 'people-first' enterprise."<ref name="The Complete Story"/> | ||
|- | |- | ||
− | | 1892 || || || | + | | 1892 || || || [[w:Jamsetji Nusserwanji Tata|Jamsetji]] establishes the JN Tata Endowment Fund with the purpose to help Indian students pursue higher studies abroad.<ref name="The Complete Story"/> |
|- | |- | ||
− | | 1898 || || || | + | | 1898 || || || [[w:Jamsetji Nusserwanji Tata|Jamsetji]] opens the Hotel Taj in {{w|Mumbai}}, the first hotel of such standard in India, with German fans and English butlers. This lays the foundation of a multimillionaire venture known to be as [[w:Taj Hotels|Taj Group]] of hotels.<ref name="A brief history of the Tata Group"/> |
|- | |- | ||
− | | 1902 || || || | + | | 1902 || || || The Indian Hotels Company is incorporated to commission the [[w:The Taj Mahal Palace Hotel|Taj Mahal Palace & Tower]], the first luxury hotel in India.<ref name="Tata Group"/> |
|- | |- | ||
| 1903 || December 16 || || {{w|The Taj Mahal Palace Hotel}} opens as the first luxury hotel in India.<ref name="Tata Group"/><ref name="The Complete Story"/> It becomes also the first [[w:Taj Hotels|Taj Hotel]], which would develop as a chain of luxury hotels. | | 1903 || December 16 || || {{w|The Taj Mahal Palace Hotel}} opens as the first luxury hotel in India.<ref name="Tata Group"/><ref name="The Complete Story"/> It becomes also the first [[w:Taj Hotels|Taj Hotel]], which would develop as a chain of luxury hotels. | ||
|- | |- | ||
− | | 1904 || || || | + | | 1904 || || || [[w:Jamsetji Nusserwanji Tata|Jamsetji]] dies. His son, {{w|Dorabji Tata}}, takes over as chair of the Tata Group.<ref name="Tata Group"/> "It falls to his older son, Sir Dorabji Tata, to bring his father's grand vision for India to life. He becomes Chairman when Jamsetji passes away in Germany in 1904."<ref name="The Complete Story"/><ref name="Tata Group history is"/> |
|- | |- | ||
| 1907 || August 26 || Subsidiary || Fulfilling the dream of [[w:Jamsetji Tata|Jamshedji]], {{w|Dorabji Tata}} establishes the Tata Iron and Steel company (TISCO) (later known as {{w|Tata Steel}}) in {{w|Sakchi}}, and builds a hospital for the village.<ref name="Tata Group"/><ref name="The Complete Story"/><ref name="Tata Group history is"/><ref name="A brief history of the Tata Group"/> | | 1907 || August 26 || Subsidiary || Fulfilling the dream of [[w:Jamsetji Tata|Jamshedji]], {{w|Dorabji Tata}} establishes the Tata Iron and Steel company (TISCO) (later known as {{w|Tata Steel}}) in {{w|Sakchi}}, and builds a hospital for the village.<ref name="Tata Group"/><ref name="The Complete Story"/><ref name="Tata Group history is"/><ref name="A brief history of the Tata Group"/> |
Revision as of 08:00, 1 October 2019
This is a timeline of Tata Group.
Contents
Big picture
Time period | Development summary | More details |
---|---|---|
21st century | "Tata Steel was one of the biggest producers of steel in India after SAIL. Till the earlier 21st century it was not on the top positions in the world of steel in terms of production around the world. The year 2004 and 2005 saw some of the biggest acquisitions made by Tata steel in its history of 100 years."[1] |
Full timeline
Year | Month and date | Event type | Details |
---|---|---|---|
1868 | 29-year-old Jamsetji Nusserwanji Tata starts the business as a private trading firm trading company with a capital of ₹21,000.[2][3][1] | ||
1869 | "In 1869 Tata moved into textiles, in Chinchpokli he acquired bankrupt oil mill in the industrial heart of Bombay, later on the property was converted into the cotton mill and renamed as Alexandra Mill. Two years later, he sold the mill for a significant profit to a local cotton merchant."[1] | ||
1871 | "In 1869 Tata moved into textiles, in Chinchpokli he acquired bankrupt oil mill in the industrial heart of Bombay, later on the property was converted into the cotton mill and renamed as Alexandra Mill. Two years later, he sold the mill for a significant profit to a local cotton merchant."[1] | ||
1874 | Jamsetji establishes a textile mill in Nagpur, choosing this city over Bombay, the Indian textile hub. The Empress Mills experiment would prove to be very successful.[3][1] | ||
1877 | "T.R. Doongaji hails from Nagpur, the place where Jamsetji Nusserwanji Tata started his first venture, Empress Mills, in 1877. "[4] | ||
1886 | "Empress Mills pioneers employee welfare initiatives, long before they are enacted by law. 150 years later, the Tata group remains a 'people-first' enterprise."[3] | ||
1892 | Jamsetji establishes the JN Tata Endowment Fund with the purpose to help Indian students pursue higher studies abroad.[3] | ||
1898 | Jamsetji opens the Hotel Taj in Mumbai, the first hotel of such standard in India, with German fans and English butlers. This lays the foundation of a multimillionaire venture known to be as Taj Group of hotels.[1] | ||
1902 | The Indian Hotels Company is incorporated to commission the Taj Mahal Palace & Tower, the first luxury hotel in India.[2] | ||
1903 | December 16 | The Taj Mahal Palace Hotel opens as the first luxury hotel in India.[2][3] It becomes also the first Taj Hotel, which would develop as a chain of luxury hotels. | |
1904 | Jamsetji dies. His son, Dorabji Tata, takes over as chair of the Tata Group.[2] "It falls to his older son, Sir Dorabji Tata, to bring his father's grand vision for India to life. He becomes Chairman when Jamsetji passes away in Germany in 1904."[3][4] | ||
1907 | August 26 | Subsidiary | Fulfilling the dream of Jamshedji, Dorabji Tata establishes the Tata Iron and Steel company (TISCO) (later known as Tata Steel) in Sakchi, and builds a hospital for the village.[2][3][4][1] |
1909 | May | The Indian Institute of Science is established through the vision of Jamsetji Tata, 5 years after his death. [3][5] | |
1910 | "Under Dorab’s leadership the group quickly diversified, venturing into a vast array of new industries, including steel (1907), electricity (1910), education (1911), consumer goods (1917), and aviation (1932)."[2]"Jamsetji's dream of bringing clean energy to Mumbai by establishing Western India's first hydro plant, is brought to life by Sir Dorab. Tata Power is born."[3][4] | ||
1911 | "Under Dorab’s leadership the group quickly diversified, venturing into a vast array of new industries, including steel (1907), electricity (1910), education (1911), consumer goods (1917), and aviation (1932)."[2] | ||
1911 | The first batch of students is admitted to the Indian Institute of Science.[3] | ||
1912 | "Moved by widespread poverty in India, Sir Ratan Tata, Jamsetji's younger son and a philanthropist, funds research into its causes at the University of London."[3] | ||
1917 | "Under Dorab’s leadership the group quickly diversified, venturing into a vast array of new industries, including steel (1907), electricity (1910), education (1911), consumer goods (1917), and aviation (1932)."[2] | ||
1917 | "The group makes its consumer space debut with Tata Oil Mills Co (TOMCO), known for popular soap brands, Hamam and Moti. It is sold to Hindustan Lever in 1984."[3] | ||
1917 | Tata Sons is registered as a private limited company.[1] | ||
1919 | "Sir Ratan Tata passes away this year, and the first of the Tata Trusts, the Sir Ratanji Tata Trust & Allied Trusts, is set up in accordance with his will. It has a corpus of Rs. 8 million."[3] | ||
1919 | Tata Power is founded by Dorabji Tata.[6] | ||
1920 | "India sends her first Olympic team to the games in Antwerp, largely due to Sir Dorab's efforts. In 1924, he finances the Indian team headed to the Paris games."[3] | ||
1922 | Tata Coffee is founded.[7] | ||
1929 | "24-year-old JRD Tata receives the first pilot licence in India, the culmination of a childhood fascination with flying and with legendary aviator Louis Bleriot."[3] | ||
1932 | "Under Dorab’s leadership the group quickly diversified, venturing into a vast array of new industries, including steel (1907), electricity (1910), education (1911), consumer goods (1917), and aviation (1932)."[2] | ||
1932 | "India's aviation aspirations soar as JRD pilots the first flight of the subcontinent from Karachi to Mumbai. Tata Airlines (later, Air India) is born."[3] | ||
1932 | June | Dorabji Tata dies on June 3. Nowroji Saklatwala (son of Bapuji Saklatwala and Virbaiji Tata) becomes the third chairman of the Tata Group.[2] | |
1936 | The Sir Dorabji Tata Graduate School of Social Work (later known as Tata Institute of Social Sciences) is established.[3] | ||
1938 | "Sir Nowroji passes away in France, propelling JRD Tata to the most powerful position in the group. At 34, he is the youngest Chairman in the group's history."[3][4] | ||
1939 | " Jehangir Ratanji Dadabhoy Tata (J.R.D.) took over the position. His continued expansion of the company into new sectors—such as chemicals (1939), technology (1945), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968)"[2] "Tata Chemicals is incorporated in isolated, coastal Mithapur. A thriving community grows around the plant as the company grows into a market leader."[3] | ||
1939 | "Ratan Tata (son of Jamshetji) established Tata Iron and Steel Company on August 26, 1907, and fulfilled the dream of Jamshedji [1]. By 1939 it operated the largest steel plant in the British Empire."[1] | ||
1939 | Tata Chemicals is founded in Mithapur, Gujarat.[8] | ||
1941 | February 28 | Health | The Tata Memorial Hospital is founded in Pune. It pioneers cancer treatment in India, and offers access to cancer care for all.[3][9] |
1944 | The Sir Dorabji Tata Graduate School of Social Work is renamed as Tata Institute of Social Sciences.[10] | ||
1945 | Tata Group establishes the Tata Engineering and Locomotive Company (TELCO) to manufacture engineering and locomotive products. It would be later renamed Tata Motors.[2] "The group's rapid business expansion continues with the establishment of Tata Engineering and Locomotive Company. By 2003, it is rechristened Tata Motors."[3][4] | ||
1945 | June 1 | Education | The Tata Institute of Fundamental Research is founded.[11] |
1946 | "Naval Tata is named President of the Indian Hockey Association. Under his watch, India achieves Olympic glory, with golds in 1948, 1952 & 1956."[3] | ||
1952 | " Jehangir Ratanji Dadabhoy Tata (J.R.D.) took over the position. His continued expansion of the company into new sectors—such as chemicals (1939), technology (1945), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968)"[2] | ||
1952 | The Indian Cancer Research Centre is established as a pioneer research institute for basic research. It would later be called the Cancer Research Institute (CRI).[9] | ||
1952 | "Women across the country celebrate as the group launches India's first cosmetics brand, Lakme. It is sold to Hindustan Unilever, along with TOMCO, in 1984."[3] | ||
1953 | ""Air India is nationalized""[4] | ||
1954 | " Jehangir Ratanji Dadabhoy Tata (J.R.D.) took over the position. His continued expansion of the company into new sectors—such as chemicals (1939), technology (1945), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968)"[2] | ||
1954 | September 6 | Subsidiary | Voltas Limited is incorporated as a collaboration between Tata Sons and Volkart Brothers. It would be soon associated with multiple prestigious projects, making it a leading engineering solutions provider and airconditioning brand.[3] |
1956 | "Tata Sons were registered as a private limited company in 1917. After the Companies Act 1956 it was termed as a deemed public holding company with articles remaining unchanged."[1] | ||
1957 | Health | The Ministry of Health takes over the Tata Memorial Hospital.[9] | |
1958 | Subsidiary | TRL Krosaki Refractories Limited is founded.[12] | |
1961 | Tata Hitachi Construction Machinery is founded.[13] | ||
1962 | " Jehangir Ratanji Dadabhoy Tata (J.R.D.) took over the position. His continued expansion of the company into new sectors—such as chemicals (1939), technology (1945), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968)"[2] | ||
1962 | "The group's interest in the beverages space is brewing. The country wakes up to a cup of Tata Finlay (later, the iconic Tata Tea; now, Tata Global Beverages)."[3] | ||
1964 | The Tata Institute of Social Sciences is declared Deemed university under Section 3 of the University Grants Commission Act (UGC), 1956.[10] | ||
1964 | Subsidiary | Tata Global Beverages is founded.[14] | |
1966 | Education | The Tata Management Training Centre is founded by J. R. D. Tata.[15] | |
1968 | " Jehangir Ratanji Dadabhoy Tata (J.R.D.) took over the position. His continued expansion of the company into new sectors—such as chemicals (1939), technology (1945), cosmetics (1952), marketing, engineering, and manufacturing (1954), tea (1962), and software services (1968)"[2] | ||
1968 | Subsidiary | Tata Consultancy Services is established as India's first software services company. It would grow to a global enterprise with a presence in 46 countries.[3][4] | |
1969 | Education | The National Centre for the Performing Arts is founded by J. R. D. Tata and Dr. Jamshed Bhabha, who envisioned a world-class performing arts centre to preserve India's heritage.[3] | |
1971 | A first unsuccessful attempt to nationalize Tata Steel is made.[1] | ||
1974 | Education | The Tata Energy Research Institute is founded in New Delhi. It specializes in the fields of energy, environment and sustainable development. It would be renamed Energy and Resources Institute in 2003. | |
1979 | A second unsuccessful attempt to nationalize Tata Steel is made.[1] | ||
1979 | Subsidiary | Tata Projects Limited is established as an engineering, procurement and construction (EPC) company in the engineering sector of the Tata Group.[16] | |
1982 | "The Taj Group accelerates its international expansion with the acquisition of St. James Court in London, UK, two years after the company's first international hotel in Yemen."[3] | ||
1983 | "Tata Chemicals changes the way India consumes salt. Tata Salt is the country's first iodised branded salt — the 'desh ka namak' to build a strong, healthy nation."[3] "Tata Salt was launched in 1983 by Tata Chemicals as India's first packaged iodised salt brand" | ||
1984 | "The group clocks another win as Titan Industries, a JV with the Tamil Nadu Industrial Development Corporation (TIDCO), makes a splash in a watch-starved market."[3][4] | ||
1984 | Titan Company is incorporated.[17][18] | ||
1984 | Subsidiary | Tata Housing Development Company is established.[19] | |
1989 | Tata Technologies Limited is founded.[20] | ||
1989 | Subsidiary | Tata Power Solar is founded as a joint venture between Tata Power and British Petroleum Solar (BP Solar). It is one of the largest manufacturers of solar modules in India.[21] | |
1989 | Subsidiary | Tata Elxsi.[22] | |
1990 | "Tata Steel started expansion plan and established its subsidiary Tata Inc. in New York."[1] | ||
1991 | " In 1991 J.R.D.’s nephew, Indian business mogul Ratan Tata, succeeded him as chairman of the Tata Group. Upon assuming leadership of the conglomerate, Ratan aggressively sought to expand it, and increasingly he focused on globalizing its businesses. "[2][4] | ||
1991 | "After its success with commercial vehicles, TELCO (now Tata Motors) cruises into the passenger vehicle space with Tata Sierra, followed by Tata Estate in 1992."[3] | ||
1991 | "Tata Central Archives (TCA) was launched by JRD Tata in Bombay (now Mumbai) in January of 1991; it became a division of Tata Services in 1997. In 2001, the archives moved to Pune. Housed in the lush green precincts of Tata Management Training Centre, TCA was formally inaugurated by Ratan Tata, Chairman, Tata Sons, on February 13, 2001."[23] | ||
1992 | "With an eye on an evolving market, Titan launches Raga to tap into the women's watch segment. Fastrack (launched 1998) becomes an iconic youth brand."[3] | ||
1992 | Subsidiary | TajAir | |
1993 | ""J.R.D. Tata dies" "[4] | ||
1993 | Subsidiary | Tata Petrodyne Limited is incorporated and originally promoted by Tata Industries Ltd with the objective of leading the group's incursion into the upstream sector of the oil and gas industry.[24] | |
1994 | "Titan revolutionises the Indian jewellery market with the launch of Tanishq. The retail brand brings transparency and reliability to an unorganised sector."[3] | ||
1994 | Subsidiary | Tata-TIDCO joint venture Titan Company launches Tanishq, a jewellery brand which would grow to over 274 stores in more than 160 Indian cities.[25] | |
1996 | Subsidiary | Tata Teleservices is founded.[26] | |
1997 | ""Tata Central Archives (TCA) was launched by JRD Tata in Bombay (now Mumbai) in January of 1991; it became a division of Tata Services in 1997. In 2001, the archives moved to Pune. Housed in the lush green precincts of Tata Management Training Centre, TCA was formally inaugurated by Ratan Tata, Chairman, Tata Sons, on February 13, 2001."[23] | ||
1998 | "Tata Indica, India's first indigenously designed and manufactured car, and Tata Safari, India's first SUV, are launched by TELCO (now, Tata Motors)."[3][4] | ||
1998 | Trent retail.[27] | ||
2000 | "Tata Tea (now Tata Global Beverages) acquires the iconic, then 160-year-old, British Tetley group. Today, it is the second largest tea brand, globally."[3] It is the first major acquisition of an international brand by an Indian business group.[4] | ||
2000 | February | Acquisition | February 2000 – Tetley Tea Company, $407 million[28] "Feb 2000 - Tata Tea Ltd announces it is acquiring British firm Tetley Ltd, which owns the second largest global tea brand, for $432 million (220 million pounds)." |
2001 | ""Tata Central Archives (TCA) was launched by JRD Tata in Bombay (now Mumbai) in January of 1991; it became a division of Tata Services in 1997. In 2001, the archives moved to Pune. Housed in the lush green precincts of Tata Management Training Centre, TCA was formally inaugurated by Ratan Tata, Chairman, Tata Sons, on February 13, 2001."[23] | ||
2001 | "In 2000 the group acquired London-based Tetley Tea, and in 2004 it purchased the truck-manufacturing operations of South Korea’s Daewoo Motors. "[2] | ||
2001 | "In 2001 Tata Group partnered with American International Group, Inc. (AIG) to create the insurance company Tata-AIG."[2] | ||
2001 | January | Subsidiary | TATA AIG starts operations.[29] |
2001 | "The group strengthens its presence in the insurance sector with two joint ventures — Tata AIG this year, and Tata AIA in 2000."[3] | ||
2002 | "The Tata group acquires a controlling stake in VSNL, establishing Tata Communications. The company is a global leader in network solutions, mobility and IoT."[3] | ||
2002 | Acquisition | Daewoo Commercial Vehicle is acquired by Tata Motors.[30] | |
2003 | ". In 1945 Tata Group established the Tata Engineering and Locomotive Company (TELCO) to manufacture engineering and locomotive products; it was renamed Tata Motors in 2003."[2] | ||
2003 | "TCS is the first Indian software company to cross one billion dollars in revenues. It goes public in 2004 in the largest IPO in India, raising nearly $1.2bn."[3] | ||
2003 | Subsidiary | Tata Power Trading Company Limited is incorporated. It is a wholly owned subsidiary of The Tata Power Company Limited.[31] | |
2004 | February | "Feb 2004 - Tata Motors Ltd, India’s biggest truck maker, signs a deal to buy the commercial vehicle unit of South Korea’s Daewoo Group for $102 million."[32] | |
2004 | May | Acquisition | "May 2004 - Tata Consultancy Services (TCS), India’s largest software firm, acquires Phoenix Global Solutions, a unit of The Phoenix Companies Inc (PNX.N), to tap its expertise in the insurance sector."[32] |
2004 | "In 2000 the group acquired London-based Tetley Tea, and in 2004 it purchased the truck-manufacturing operations of South Korea’s Daewoo Motors. "[2] | ||
2004 | "Tata Motors acquires the heavy vehicles unit of Daewoo Motors, and in the same year, is listed on the New York Stock Exchange."[3] | ||
2004 | August | Acquisition | "August 2004 – NatSteel's Steel business, $292 million" "Aug 2004 - Tata Iron and Steel Co Ltd makes a huge step overseas with a $286 million purchase of most of Singapore’s lone steel miller, NatSteel Ltd."[32] |
2004 | "TCS goes public; raises nearly $1.2 billion"[4] | ||
2004 | ""Tata Motors buys heavy vehicles units of Daewoo Motors, South Korea"[4] | ||
2004 | Subsidiary | Tata Business Support Services is founded.[33] | |
2004 | November | Acquisition | Tata Communications acquires Tyco Global Network for US$130 million.[34] |
2004 | Tata Motors establishes some franchise/joint venture assemblies in Kenya, Bangladesh, Ukraine, Russia, And Senegal.[35] | ||
2005 | "Tata Steel buys Singapore-based NatSteel"[4] | ||
2005 | February | Acquisition | Tata Motors acquires control of Spanish bus and coach manufacturer Hispano Carrocera, after purchasing a 21% stake in the company. By 2009, full acquisition would be completed by acquiring the remaining 79%.[36] "Feb 2005 - The board of Tata Motors Ltd. approves the purchase of 21 percent of Spanish bus maker Hispano Carrocera S.A. in a deal worth 12 million euros ($16 million) with an option to acquire a 100 percent holding later."[32] |
2005 | July | Acquisition | "July 2005 – Teleglobe International Holdings, $239 million" "July 2005 - India’s telecom firm Videsh Sanchar Nigam Ltd. (VSNL), in which the Tata group holds more than 45 percent stake, says it would acquire Teleglobe International Holdings Ltd, a U.S. telecoms network services company for $239 million. VSNL completes the acquisition in February 2006."[32] |
2005 | July | Acquisition | "July 2005 - VSNL completes the $130 million purchase of Tyco International’s global undersea fibre optic cable network unit."[32] |
2005 | "In 2005 the company changed its name from TISCO to Tata Steel."[1] | ||
2005 | Subsidiary | Tata AutoComp Systems Limited (TACO) is founded. Based in Pune, Maharashtra, It is a provider of telematics solutions and Mobile Resource Management (MRM) services in India.[37] | |
2005 | Subsidiary | The Tata Motors European Technical Centre PLC (TMETC) is founded as a UK-based center for automotive design and engineering. Based in Coventry, England, it is a wholly-owned subsidiary of Tata Motors Ltd. TMETC provides research and development principally for Tata Motors but also for selected partners in the automotive industry.[38] | |
2005 | October | Acquisition | "October 2005 – Good Earth Corporation" "Oct 2005 - Tata Tea says it it has signed an agreement to acquire U.S. specialty tea brand Good Earth for an undisclosed sum."[32] |
2005 | October | Acquisition | "Oct 2005 - Tata Consultancy Services says it has acquired Sydney-based Financial Network Services (FNS) for $26 million."[32] |
2005 | December | Acquisition | "December 2005 – Millennium Steel, Thailand, $165 million"[39] |
2005 | December | Acquisition | December 2005 – Brunner Mond Chemicals, $10 million "Dec 2005 - Tata Chemicals Ltd. says it has agreed to buy 63.5 percent stake in UK-based soda ash maker Brunner Mond from Wayland Investments Ltd. and Barclays Bank for $113 million."[32] |
2006 | "The group responds to the transforming satellite entertainment space by launching DTH (Direct-to-Home) provider, Tata Sky."[3] | ||
2006 | May | Acquisition | "May 2006 - Tata Tea (GB), a subsidiary of Tata Tea Ltd, signs an agreement to acquire the assets of Jemca, the largest tea company in the Czech Republic from food processing company, Alima Znackova Potravina, for an undisclosed amount. Aug 2006 - Tata Tea announces its plans to buy 30 percent of Energy Brands Inc., maker of fast-growing brand Glaceau vitamin water, for $677 million."[32] |
2006 | June | Acquisition | Tata Tea acquires Eight O'Clock Coffee for US$220 million.[40] "June 2005 - Tata Coffee Ltd. agrees to buy the U.S.-based Eight O’Clock Coffee Company for $220 million from private equity firm Gryphon Investors."[32] |
2006 | August 10 | Tata Sky is founded.[41] | |
2006 | October 9 | Subsidiary | Cromā.[42] |
2006 | October | Acquisition | "Oct 2006 - Tata Tea acquires a 33 percent stake in Joekels Tea Packers of South Africa for $60 million."[32] |
2006 | November | Acquisition | Taj Hotels acquires the Ritz Carlton Boston, for US$170 million.[43] |
2007 | January | Acquisition | Tata Steel acquires Corus Group for US$12 billion.[40] "Jan 2007 - Tata Steel wins a bid battle for Anglo-Dutch steelmaker Corus Group by agreeing to pay 6.2 billion pounds."[32] |
2007 | March | Acquisition | March 2007 – PT Kaltim Prima Coal (KPC) (Bumi Resources), $1.1 billion |
2007 | April | Acquisition | April 2007 – Campton Place Hotel, San Francisco, $60 million. "Taj Hotels Agrees to Acquire the Campton Place, San Francisco for $58 Million, Continuing Its U.S. and Worldwide Expansion"[44] |
2007 | "The biggest acquisition by Tata was made on 31 January 2007, it won their bid from CSN for Corus after offering 608 pence per share, valuing Corus at £6.7 billion ($12 billion)."[1] | ||
2007 | "In 2007 Tata Steel completed the biggest corporate takeover by an Indian company when it acquired the giant Anglo-Dutch steel manufacturer Corus Group. The following year the company made headlines worldwide when it ventured into the automotive industry."[2] "Tata Steel acquires Corus (now, Tata Steel Europe). It is Europe's second largest steel producer serving construction, automotive, packaging & engineering industries."[3] "and becomes the fifth largest steel producer"[4] | ||
2007 | September | Tata Capital is established.[45] | |
2007 | Subsidiary | Tata Advanced Systems is founded.[46] | |
2008 | January | Acquisition | Imacid Chemical Company, Morocco[ |
2008 | February | Acquisition | Tata Chemical acquires acquires General Chemical Industrial Products, a U.S.-based soda ash firm, for US$1 billion.[47] |
2008 | February | Videsh Sanchar Nigam Limited (VSNL), which is credited to have brought internet into India[48], is completely acquired by the Tata Group and renamed as Tata Communications. | |
2008 | "In 2007 Tata Steel completed the biggest corporate takeover by an Indian company when it acquired the giant Anglo-Dutch steel manufacturer Corus Group. The following year the company made headlines worldwide when it ventured into the automotive industry."[2] | ||
2008 | "On January 10, 2008, Tata Motors officially launched the Nano, a tiny, rear-engine, pod-shaped vehicle that eventually sold at a base price (excluding options, tax, and transportation fees) equivalent to $1,500 to $3,000. Although only slightly more than 3 metres (10 feet) long and about 1.5 metres (5 feet) wide, the highly touted “People’s Car” could seat up to five adults and, in Tata’s words, would provide a “safe, affordable, all-weather form of transport” for millions of middle- and lower-income consumers both in India and abroad. "[2] | ||
2008 | Tata Motors and Brazilian bus maker Marcopolo S.A. found Tata Marcopolo, giving Tata Motors access to the Brazilian marketplace.[35] | ||
2008 | March | Acquisition | Tata Motors acquires Jaguar Cars and Land Rover from the Ford Motor Company for $2.3 billion.[2][4][3][49] |
2008 | April | Acquisition | April 2008 – Comoplesa Lebrero SA, Spain |
2008 | May | Acquisition | May 2008 – Piaggio Aero Industries S.p.A., Italy - Sold Off in 2015 |
2008 | June | Acquisition | June 2008 – China Enterprise Communications, China "Tata Communications to acquire 50% of China Enterprise Communications"[50] |
2008 | October | Acquisition | October 2008 – Miljo Grenland / Innovasjon, Norway "TATA Motors acquires stake in Miljo Grenland Innovasjon"[51] |
2008 | November | NTT Docomo acquires 26.5% stake in Tata Teleservices and offers services under the Tata Docomo brand.[52] | |
2009 | " The first Nano hit the road in India in July 2009."[2] | ||
2009 | Mid-year | "In mid-2009, finishing right around a year and half of transactions, DOCOMO put $2.7 billion in wireless business, Teleservices (TTSL) on the understanding that if certain targets weren’t met in the next five years, the Tata would either discover a purchaser for the Japanese organization’s 26.5% stake at equitable esteem, or pay 50% portion of the first venture, whichever was higher. Those targets were:number of supporters and towers, money related breakthroughs like, EBITDA, and, Benefits" "It came as a shock to both the companies when Tata fared badly in the next five years and could not even earn half of the profits expected. By then, RBI had framed new rules that banned the exit by a foreign equity investor at an assured price. But this time the RBI also wanted to make an exception as it was the question of honoring a contract by an Indian company"[1] | |
2010 | April | Acquisition | Tata Group acquires Hewitt Robins International, a British manufacturer of bulk material handling vibratory equipments including screens and crushers.[53] |
2011 | "Tata Medical Center, a comprehensive cancer care and treatment facility designed especially to serve the poor in the region, is inaugurated by Ratan Tata."[3] | ||
2011 | "Tata enters club of 50 global brands"[4] | ||
2012 | " Ratan Tata retired and was succeeded by Cyrus Mistry."[2][4] | ||
2012 | October 19 | Tata Starbucks Limited launches as a 50/50 joint venture between Starbucks Coffee Company and Tata Global Beverages Limited; and opens the first Starbucks store in India.[54][3] | |
2013 | July | Acquisition | Tata Consultancy Services acquires French enterprise solutions provider Alti SA.[55] |
2014 | "Bombay House, is the first heritage building in India to receive a gold rating by Indian Green Building Council. Two years later, it receives a platinum rating."[3] | ||
2014 | June 12 | Joint venture | Bengaluru-headquartered airline AirAsia India starts operations as a joint venture between Tata and Malaysia's AirAsia Berhad.[56] |
2014 | "When DOCOMO submitted an exit proposal in 2014 to end its collaboration with Tata TeleService, subsidiary of Tata Sons and hence started a legal battle between the two companies. Telecom went to arbitration in the UK where it got the award in its favor. On June 24, DOCOMO won the ruling that ordered Tata Sons to pay it $1.3 billion to buy its stake in the mobile phone joint venture, Tata Teleservices."[1] | ||
2014 | April | NTT Docomo decides to exit the Tata Docomo venture but the Tatas oppose initially which leads to a legal tussle between the two groups.[52] | |
2014 | December | Acquisition | Tata Power acquires Indian company Energy Products Limited.[57] |
2015 | January 9 | Joint venture | Vistara is founded as a joint venture between Tata Sons and Singapore Airlines.[58] |
2015 | "The group follows up that development with Vistara, Tata Sons' JV with Singapore Airlines. It celebrates flying 1 million customers that same year."[3] | ||
2016 | May 26 | Subsidiary | Tata Group owned e-commerce marketplace Tata Cliq launches.[59] |
2016 | June | Acquisition | Tata Power}} acquires Indian power company Welspun Renewables Energy.[60] |
2016 | October | " Mistry was abruptly dismissed as chairman in October 2016—reportedly over disagreements with members of the Tata family regarding business strategy—and Ratan returned to the position on an interim basis."[2] ""Tata Sons board removes Mistry; Ratan Tata comes back""[4] "Natarjan Chandrasekaran becomes chairman"[4] | |
2017 | January | " Ratan’s second stint as chairman ended in January 2017 when Natarajan Chandrasekaran was appointed to the position."[2] | |
2017 | "N. Chandrasekaran, CEO and MD of TCS since 2009, is appointed Chairman of Tata Sons by the Board of Directors."[3] | ||
2017 | June 12 | Jamshedpur FC is founded. It is owned by Tata Steel.[61] | |
2017 | Tata Chemicals is ranked 1st in 2017 Responsible Business Rankings developed by {{w|IIM Udaipur}.[62] | ||
2018 | "Tata Steel and Thyssenkrupp sign a landmark JV to create a new, strong pan-European steel champion that is structurally robust and competitive."[3] | ||
2018 | May | Acquisition | Tata acquires Bhushan Steel Limited and renames it Tata Steel BSL.[63] |
2018 | Tata Consultancy Services becomes the first Indian Information technology to reach US$100 billion market capitalization.[4] |
Meta information on the timeline
How the timeline was built
The initial version of the timeline was written by User:Sebastian.
Funding information for this timeline is available.
Feedback and comments
Feedback for the timeline can be provided at the following places:
- FIXME
What the timeline is still missing
Timeline update strategy
See also
External links
References
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 1.16 "A brief history of the Tata Group". blog.ipleaders.in. Retrieved 18 September 2019.
- ↑ 2.00 2.01 2.02 2.03 2.04 2.05 2.06 2.07 2.08 2.09 2.10 2.11 2.12 2.13 2.14 2.15 2.16 2.17 2.18 2.19 2.20 2.21 2.22 2.23 2.24 2.25 2.26 2.27 2.28 "Tata Group". britannica.com. Retrieved 17 September 2019.
- ↑ 3.00 3.01 3.02 3.03 3.04 3.05 3.06 3.07 3.08 3.09 3.10 3.11 3.12 3.13 3.14 3.15 3.16 3.17 3.18 3.19 3.20 3.21 3.22 3.23 3.24 3.25 3.26 3.27 3.28 3.29 3.30 3.31 3.32 3.33 3.34 3.35 3.36 3.37 3.38 3.39 3.40 3.41 3.42 3.43 3.44 3.45 3.46 3.47 "Our Timeline: The Complete Story, Tata group". tata.com. Retrieved 18 September 2019.
- ↑ 4.00 4.01 4.02 4.03 4.04 4.05 4.06 4.07 4.08 4.09 4.10 4.11 4.12 4.13 4.14 4.15 4.16 4.17 4.18 4.19 4.20 4.21 4.22 Tyagi, Rachna. "Tata Group history is also the history of Indian industry". theweek.in. Retrieved 18 September 2019.
- ↑ "History". iisc.ac.in. Retrieved 18 September 2019.
- ↑ "The Power of Dreams". tata.com. Retrieved 20 September 2019.
- ↑ "Tata Coffee". tatacoffee.com. Retrieved 20 September 2019.
- ↑ "Company profile". tatachemicals.com. Retrieved 18 September 2019.
- ↑ 9.0 9.1 9.2 "History". tmc.gov.in. Retrieved 19 September 2019.
- ↑ 10.0 10.1 "History". tiss.edu. Retrieved 19 September 2019.
- ↑ "History & Archives". tifr.res.in. Retrieved 20 September 2019.
- ↑ "TRL KROSAKI Refractories Limited". linkedin.com. Retrieved 20 September 2019.
- ↑ "Tata Hitachi". tatahitachi.co.in. Retrieved 20 September 2019.
- ↑ "Tata Global Beverages Overview". glassdoor.sg. Retrieved 22 September 2019.
- ↑ "The Tata Management Training Centre (TMTC)". academyofindianmarketing.org. Retrieved 22 September 2019.
- ↑ "Most Admired Companies: Tata Projects". constructionworld.in. Retrieved 19 September 2019.
- ↑ "About Us". titancompany.in. Retrieved 22 September 2019.
- ↑ "Titan Company Ltd". business-standard.com. Retrieved 22 September 2019.
- ↑ "TATA HOUSING". tatahousing.in. Retrieved 22 September 2019.
- ↑ "Tata Technologies". glassdoor.com.ar. Retrieved 22 September 2019.
- ↑ "Tata Power Solar doubles module manufacturing capacity to 400MW". livemint.com. Retrieved 22 September 2019.
- ↑ "Buy Tata Elxsi, target Rs 1,240: Manav Chopra". economictimes.indiatimes.com. Retrieved 20 September 2019.
- ↑ 23.0 23.1 23.2 "Treasures from the Past". tata.com. Retrieved 18 September 2019.
- ↑ "TPL". tatapetrodyne.in. Retrieved 19 September 2019.
- ↑ "Tanishq". titancompany.in. Retrieved 22 September 2019.
- ↑ "Tata Sons may soon shut down Tata Teleservices". economictimes.indiatimes.com. Retrieved 22 September 2019.
- ↑ "Consumer and Retail". tata.com. Retrieved 20 September 2019.
- ↑ "Tatas' shopping spree: 27 in 6 years!". Rediff. 24 August 2006. Retrieved 15 August 2015.
- ↑ "AIG". tataaig.com. Retrieved 19 September 2019.
- ↑ "Tata Daewoo Commercial Vehicle". tractors.fandom.com. Retrieved 19 September 2019.
- ↑ "Tata Power Trading". tatapowertrading.com. Retrieved 19 September 2019.
- ↑ 32.00 32.01 32.02 32.03 32.04 32.05 32.06 32.07 32.08 32.09 32.10 32.11 32.12 Cite error: Invalid
<ref>
tag; no text was provided for refs namedTata_group.27s_major_takeovers_abroad
- ↑ "Tata Business Support Services Ltd". bizofit.com. Retrieved 19 September 2019.
- ↑ "VSNL acquires Tyco cable network for $130 mn". economictimes.indiatimes.com. Retrieved 22 September 2019.
- ↑ 35.0 35.1 The Challenge of BRIC Multinationals (Rob van Tulder, Alain Verbeke, Jorge Carneiro, Maria Alejandra Gonzalez-Perez ed.).
- ↑ "Tata Motors buys 79% in Spain's bus and coach maker Hispano - The Economic Times". Retrieved 22 September 2019.
- ↑ "TATA AUTOCOMP Mobility Telematics". crunchbase.com. Retrieved 19 September 2019.
- ↑ "Excellence in automotive design and product engineering". tmetc.com. Retrieved 19 September 2019.
- ↑ "Acquisition of Millennium Steel Company, Thailand". tatasteel.com. Retrieved 22 September 2019.
- ↑ 40.0 40.1 Studies in Indian Economy, Volume 2 (Ed. K.R. Gupta ed.).
- ↑ "Tata Sky DTH Toll Free Number". customerservicecn.com. Retrieved 19 September 2019. Text " TATA Sky Customer Service Number " ignored (help)
- ↑ "Croma a Tata enterprise". slideshare.net. Retrieved 19 September 2019.
- ↑ "Ritz-Carlton Boston sold to Taj Hotels for $170M, to be renamed". bizjournals.com. Retrieved 22 September 2019.
- ↑ "I agree Taj Hotels Agrees to Acquire the Campton Place, San Francisco for $58 Million, Continuing Its U.S. and Worldwide Expansion". businesswire.com. Retrieved 22 September 2019.
- ↑ "TATA Capital Financial Services Limited". tokyocentury.co.jp. Retrieved 19 September 2019.
- ↑ "Tata Advanced Systems". crunchbase.com. Retrieved 19 September 2019.
- ↑ "Tata Chemical acquires U.S. soda ash firm". theglobeandmail.com. Retrieved 22 September 2019.
- ↑ Block, Daniel. "How Reliance Jio is monopolising the telecom sector". The Caravan. Retrieved 19 September 2019.
- ↑ "Ford Sells Land Rover and Jaguar to Tata". nytimes.com. Retrieved 22 September 2019.
- ↑ "Tata Communications to acquire 50% of China Enterprise Communications". telegeography.com. Retrieved 22 September 2019.
- ↑ "TATA Motors acquires stake in Miljo Grenland Innovasjon". steelguru.com. Retrieved 22 September 2019.
- ↑ 52.0 52.1 "NTT says Tata-Docomo row resolved, to invest $160 million in Netmagic". livemint.com. Retrieved 22 September 2019.
- ↑ "TRF acquires Hewitt Robins International". machinist.in. Retrieved 22 September 2019.
- ↑ "Starbucks Opens Spectacular Flagship Store in Mumbai, Honoring the Dynamic Culture of India". stories.starbucks.com. Retrieved 21 September 2019.
- ↑ "TCS acquires France's Alti SA for over Rs 530-cr". economictimes.indiatimes.com. Retrieved 21 September 2019.
- ↑ "AirAsia India to double its fleet; plans to start international services by October Read more at: //economictimes.indiatimes.com/articleshow/69448209.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst". economictimes.indiatimes.com. Retrieved 21 September 2019. External link in
|title=
(help) - ↑ "Tata Power ends pact to acquire Ideal Energy power assets". thehindu.com. Retrieved 22 September 2019.
- ↑ "Tata SIA Airlines". tata.com. Retrieved 22 September 2019.
- ↑ "Tata CLiQ to launch e-wallet in 4-5 months Read more at: //economictimes.indiatimes.com/articleshow/61230972.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst". economictimes.indiatimes.com. Retrieved 19 September 2019. External link in
|title=
(help) - ↑ "Tata Power acquires Welspun Energy's renewable assets for Rs 10,000 crore". economictimes.indiatimes.com. Retrieved 22 September 2019.
- ↑ "Jamshedpur FC". theawayend.co. Retrieved 22 September 2019.
- ↑ "Are businesses becoming more responsible?". livemint.com. Retrieved 18 September 2019.
- ↑ "Bhushan Steel Limited is Tata Steel BSL Limited now". tatasteel.com. Retrieved 21 September 2019.