Based in the city of Mumbai, the Tata family is a famous Indian business family. Tata Sons, which is the main holding company of the Tata Group, is the parent company, and approximately 65% of the shares in these companies are held by Tata charitable trusts— Raan Tata Trust and Dorab Tata Trust.
The Pallonji Mistry family owns nearly 18% of the shares, and numerous Tata Sons own the remainder. The Tatas are a Parsi family that originated from Navsari, Gujarat state, to Mumbai.
Jamshedji Tata was the founder of the fortunes of the family. The Tatas are the Tata Sons’ founders. The Tata family is affiliated with the influential baronets of Petit, a Parsi through Sylla Tata, married to Sir Dinshaw Maneckji Petit, 3rd Baronet. Learn how they make money below.
Tata Family’s Beginnings
When Nusserwanji Tata (1822-1886) began trading cotton and opium to Japan and China in 1850, the Indian Tata family enterprises started. It brings tea, silk products, camphor, cinnamon, brass, copper, and gold from China to India.
Between 1862 and 1867, Nusserwanji Tata and his son, Jamshetji N. Tata (1839-1904), who joined him in 1858, became rich by exporting large quantities of cotton to Liverpool during the U.S. Civil War. Later during the 1867 invasion of Abyssinia, they supplied provisions to the British Indian army.
He attempted to substitute imported British yarn and to weave finer cloth from Indian cotton with fine-spun yarn. He presented proposals for the large-scale steel industry, a hydroelectric syndicate, and an institute of science in 1883.
He founded Tata Sons Private Limited in 1887 (it was renamed Tata Sons and Company in 1917), which was not related to manufacturing or sales but net profit. Tata Sons grew to be a giant interconnected management firm with assets in banking, real estate, trading, and industrial projects between 1916 and 1939.
Entities Associated with Tata
There are several subsidiaries and joint venture firms within the Tata Group. Tata Sons Limited is the Tata Group’s holding company and owns the majority of the stock in these companies.
Tata Sons Ltd, which is registered in India and many other countries, is the owner of the Tata brand and the Tata trademarks. Approximately 86% of Tata Sons’ equity capital is owned by philanthropic trusts supported by Tata family members.
Via joint ventures with international firms, Tata grew its empire. Tata Automotive is active in joint projects with the United States, Italy, Japan, France, South Korea, and Spain. Tata Power has established many power projects in the Middle East and Africa. Tata Chemical started exporting to the UK, Indonesia, Nepal, Middle East nations, and Sri Lanka in 1939.
The U.S. and Japanese companies jointly manufacture electronic products. For global trade, Tata Mutual Fund and Tata International were founded in 1962, and their core commercial activities stretch over 100 countries. Tata Solar Power products are exported internationally to at least twenty-five countries. Its tea business does have a joint venture with the United Kingdom: in Europe, the Gulf region, and the United States, the Tetley Group sells tea.
Its products are also marketed globally by Tata Ceramics. Tata has overseas steel, automobile, tea, leather, leather products, consultancy, agricultural equipment, electrical and electronic goods, ferroalloy, bicycles, pottery, and textiles and clothing subsidiaries.
More recently, transnational initiatives have also begun with Tata Internet, Tata Cellular Phone, and Tata Telecom. A subsidiary of McGraw-Hill, Tata McGraw-Hill Publishing Company, publishes books in science, technology, computers, medicine, and management fields.
Tata Family always hoped to be considered the best in India — the best in the way they work, the best in goods they produce, and the best in their merit and ethics system. This, perhaps, is where their wealth management and investment plans are focused.