Tata Group

History & IntroductionTata Group is one of India's largest and most respected business groups. Tata Group's name is synonymous with India's industrialization. The Tata group is one of India's oldest business conglomerates and with the passage of time it has been able to garner the image of been one of the largest and respected business group. Tata's business horizon spread over seven business sectors. The Group gave India her first steel plant, hydro-electric plant, inorganic chemistry plant and created a reservoir of scientific and technological manpower for the country. Its Trusts have instituted the Tata Institute of Social Sciences in 1936; India's first cancer hospital, the Tata Memorial in 1941, and in 1945, the Tata Institute of Fundamental Research, which became the cradle of India's Atomic energy program. Today, Tata Group comprises 96 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals. The Group has operations in more than 54 countries across six continents, and its companies export products and services to 120 nations.

The foundation of what would grow to become the Tata Group was laid in 1868 by Jamsetji Nusserwanji Tata then a 29-year-old who had learned the ropes of business while working in his fathers banking firm when he established a trading company in Bombay.

A visionary entrepreneur, an avowed nationalist and a committed philanthropist, Jamsetji Tata helped pave the path to industrialization in India by seeding pioneering businesses in sectors such as steel, energy, textiles and hospitality.Jamsetji Nusserwanji Tata laid the foundations of Tata Group when he started a private trading firm in 1868. In 1874, he set up the Central India Spinning Weaving and Manufacturing Company Limited and thus marked the Group's entry into textiles. In 1887, Jamsetji Tata formed a partnership firm, Tata & Sons, with his elder son Sir Dorabji Tata and his cousin Ratanji Dadabhoy Tata. His younger son Sir Ratan Tata joined the firm in 1896. In 1902, the Indian Hotels Company was incorporated to set up the Taj Mahal Palace and Tower, India's first luxury hotel, which opened in 1903. The Tata Iron and Steel Company (now known as Tata Steel) was established to set up India's first iron and steel plant in Jamshedpur. The plant started production in 1912. In 1910, Tata Hydro-Electric Power Supply Company, (now Tata Power) was set up. In 1917, Tata Oil Mills Company was established to make soaps, detergents and cooking oils. In 1932, Tatas entered aviation sector with the establishment of Tata Airlines. In 1939, Tata Chemicals, presently, the largest producer of soda ash in India, was established. In 1945, Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) was established to manufacture locomotive and engineering products. In 1954, India's major marketing, engineering and manufacturing organisation, Voltas, was established. In 1962, Tata Finlay (now Tata Tea), one of the largest tea producers, was established. In 1968, Tata Consultancy Services (TCS), India's first software services company, was established as a division of Tata Sons. In 1970, Tata McGraw-Hill Publishing Company was created to publish educational and technical books. In 1984, Titan Industries, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), was set up to manufacture watches. In 1996, Tata Teleservices (TTSL) was established to lead the Group's foray into the telecom sector. In 1998, Tata Indica, India's first indigenously designed and manufactured car, was launched by Tata Motors. In 2000, Tata Tea acquired the Tetley Group, UK. This was the first major acquisition of an international brand by an Indian business group. In 2001, Tata entered into insurance business in joint venture with Tata AIG. In 2007, Tata Steel acquired Corus the fifth largest steel company in the world.

Mission and VisionAt the Tata group we are committed to improving the quality of life of the communities we serve. We do this by striving for leadership and global competitiveness in the business sectors in which we operate.Core valuesTatahas always beenvalues-driven. These values continue to directthegrowth and business of Tata companies. The five core Tata values underpinning the way we do business are: Integrity:We must conduct our business fairly, with honesty and transparency. Everything we do must stand the test of public scrutiny. Understanding:We must be caring, show respect, compassion and humanity for our colleagues and customers around the world, and always work for the benefit of the communities we serve. Excellence:We must constantly strive to achieve the highest possible standards in our day-to-day work and in the quality of the goods and services we provide. Unity:We must work cohesively with our colleagues across the group and with our customers and partners around the world, building strong relationships based on tolerance, understanding and mutual cooperation. Responsibility:We must continue to be responsible, sensitive to the countries, communities and environments in which we work, always ensuring that what comes from the people goes back to the people many times overChairman's chamberCyrus P Mistry, 45, is the sixth Group Chairman. He was appointed as the Chairman of the Tata Sons board in December 2012. He has been a director of the company since 2006.In addition to being Group Chairman, Mr Mistry is also the chairman of leading Tata group companies including Tata Steel, Tata Motors, Jaguar Land Rover, Tata Consultancy Services, Tata Power Company, The Indian Hotels Company, Tata Global Beverages, Tata Chemicals, Tata Industries and Tata Teleservices.Jamsetji Tata:The Founder of the Tata groupSir Dorab Tata(Chairman, Tata Sons: 1904 1932)Sir Nowroji Saklatvala(Chairman, Tata Sons: 1932 1938)JRD Tata(Chairman, Tata Sons: 1938 1991)Ratan N Tata(Chairman, Tata Sons: 1991 2012)Group Executive CouncilTata Sons announced the formation of the Group Executive Council (GEC) on April 30, 2013. The GEC, chaired by the Group Chairman, Cyrus P Mistry, will comprise executives of Tata Sons and will provide strategic and operational support to the Chairman. The GEC, under the aegis of the Tata Sons board,will now assume responsibility for all the roles earlier performed by the Group Corporate Centre (GCC) and the Group Executive Office (GEO).1. Madhu Kanan- Group Head for Business Development at Tata Sons2. Dr. Mukund G Rajan- Tata Brand Custodian and chief ethics officer of Tata Sons3. Harish Bhat- Member, Group Executive Council4. Dr. Nirmalya Kumar- Member, Group Executive Council5. NS Rajan- Group Chief Human Resources OfficerHighlights/Milestones of Tata group

1874

The Central India Spinning, Weaving and Manufacturing Company is set up, marking the group's entry into textiles and its first large-scale industrial venture

1902

The Indian Hotels Company is incorporated to set up the Taj Mahal Palace, India's first luxury hotel, which opened in 1903

1907

The Tata Iron and Steel Company (now Tata Steel) is established to set up India's first iron and steel plant in Jamshedpur. The plant started production in 1912

Sets up its first office overseas, Tata Limited in London

1910

The first of the three Tata Electric Companies, The Tata Hydro-Electric Power Supply Company is set up. The second, Andhra Valley Power Supply Company was established in 1917 and Tata Power in 1919. The first two companies were merged with Tata Power in 2000 to form a single entity

1932

Tata Airlines, a division of Tata Sons, is established, opening up the aviation sector in India.

1939

Tata Chemicals, now the largest producer of soda ash in the country, is established

1945

Tata Engineering and Locomotive Company (now known as Tata Motors) is established to manufacture locomotive and engineering products

Tata Industries is created for the promotion and development of hi-tech industries

1952

Jawaharlal Nehru, India's first Prime Minister, requests the group to manufacture cosmetics in India, leading to the setting up of Lakme. The company was sold to Hindustan Lever (now Unilever) in 1997

1954

India's major marketing, engineering and manufacturing organisation, Voltas, is established

1962

Tata Finlay (renamed to Tata Tea and then to Tata Global Beverages), one of the largest tea producers, is established

Tata Exports is established. Today the company, renamed Tata International, is one of the leading export houses in India

1968

Tata Consultancy Services (TCS), India's first software services company, is established as a division of Tata Sons

1971

Tata Precision Industries, the first Tata company in Singapore, is founded to design and manufacture precision engineering products

1984

The first 500 MW thermal power unit at the Trombay station of the Tata Electric Companies is commissioned

1911

The Indian Institute of Science is established in Bangalore to serveas a centre for advanced learning

1912

Tata Steel introduces eight-hour working days, well before such a system was implemented by law in much of the West

1917

The Tatas enter the consumer goods industry, with the Tata Oil Mills Company being established to make soaps, detergents and cooking oils. The company was sold to Hindustan Lever (now Unilever) in 1984

1995

Tata Quality Management Services institutes the JRD QV Award, modelled on the Malcolm Baldrige National Quality Value Award of the United States, laying the foundation of the Tata Business Excellence Model

1996

Tata Teleservices (TTSL) is established to spearhead the group's foray into the telecom sector

1998

Tata Indica India's first indigenously designed and manufactured car is launched by Tata Motors, spearheading the group's entry into the passenger car segment

1999

The new Tata group corporate mark and logo are launched

2000

Tata Tea (now known as Tata Global Beverages) acquires the Tetley group, UK. This is the first major acquisition of an international brand by an Indian business group

2001

Tata AIG a joint venture between the Tata group and American International Group Inc (AIG) marks the Tata re-entry into insurance. (The group's insurance company, New India Assurance, set up in 1919, was nationalized in 1956)

TCS consolidates market leadership through CMC acquisition

2002

Tata Sons acquires a controlling stake in VSNL (now known as Tata Communications), India's leading international telecommunications service provider

Titan launches Edge, the slimmest watch in the world

2003

Tata Consultancy Services (TCS) becomes the first Indian software company to cross one billion dollars in revenues

Tata Teleservices launches Tata Indicom mobile service (consolidated with Tata DOCOMO in 2011) in Mumbai

The Taj Mahal Palace Hotel, Mumbai, turns 100

2004

Tata Motors is listed on the world's largest bourse, the New York Stock Exchange, the second group company to do so after VSNL (now known as Tata Communications)

Tata Motors acquires the heavy vehicles unit of Daewoo Motors, South Korea

TCS goes public in July 2004 in the largest private sector initial public offering (IPO) in the Indian market, raising nearly $1.2 billlion

Indian Hotels unveils IndiOne (now known as Ginger hotels), a first-of-its-kind chain of Smart Basics hotels

2005

Tata Steel acquires Singapore-based steel company NatSteel by subscribing to 100 per cent equity of its subsidiary, NatSteel Asia

VSNL (now known as Tata Communications) acquired Tyco Global Network, making it one of the world's largest providers of submarine cable bandwidth

Taj group takes over management of The Pierre, NY

Taj group acquires a hotel run by Starwood, Sydney (now Blue)

Tata Motors creates a new mini-truck segment in India with the launch of Tata Ace

Trent acquires strategic interest in Landmark chain of bookstores

2006

Tata Sky satellite television service launched across the country

Taj group acquires the Ritz-Carlton, Boston (now known as Taj Boston)

Tata Chemicals acquires controlling stake in Brunner Mond Group, UK (now known as Tata Chemicals Europe)

Infiniti Retail launches Croma, India's first national chain of multi brand outlets for consumer electronics and durable products

2007

Tata Steel acquires the Anglo-Dutch company Corus (now known as Tata Steel Europe), making it the world's fifth-largest steel producer

TCS inaugurates TCS China a joint venture with the Chinese government and other partners

Computational Research Laboratories, a division of Tata Sons, develops Eka, one of the fastest supercomputers in the world and the fastest in Asia

The Taj group acquires Campton Place Hotel in San Francisco (now known as Taj Campton Place)

Tata Steel celebrates its centenary on August 26, 2007

The Sir Dorabji Tata Trust, one of the oldest, non-sectarian philanthropic organisations in India, celebrates 75 years of dedication to nation-building activities

Tata Capital established as a new Tata company in the financial sector

2008

Tata Motors unveils Tata Nano, the Peoples Car, at the 9th Auto Expo in Delhi on January 10, 2008

Tata Motors acquires the Jaguar and Land Rover brands from the Ford Motor Company

Tata Chemicals acquires General Chemical Industrial Products Inc (now known as Tata Chemicals North America)

2009

Tata Motors announces commercial launch of the Tata Nano; delivers first Tata Nano in the country in Mumbai

Tata Teleservices announces pan-India GSM service with NTT DOCOMO

TRF acquires Dutch Lanka Trailer Manufacturers (DLT), Sri Lanka, a world-class trailer manufacturing company

Jaguar Land Rover introduces its premium range of vehicles in India

Tata Chemicals launches Tata Swatch the worlds most cost-effective water purifier

Tata Housing makes waves with its launch of low cost housing in Mumbai

2010

TRF acquires UK-based Hewitt Robins International

New plant for Tata Nano at Sanand inaugurated

Advinus Therapeutics announces the discovery of a novel molecule GKM-001 for the treatment of type II diabetes

Tata Tea announces joint venture with PepsiCo for health drinks

Tata Tea group rebrands itself as Tata Global Beverages, headquartered in London

Tata Chemicals acquires 100-per-cent stake in leading vacuum salt producer British Salt, UK

Tata Chemicals launches i-Shakti dals, India's first national brand of pulses

2011

Tata Chemicals rebrands its global subsidiaries in the UK, the US and Kenya under the Tata Chemicals corporate brand

The Tata brand soars into the top 50 club of global brands

Tata Medical Center, a comprehensive cancer care and treatment facility established in Kolkata, was inaugurated by Tata Sons Chairman Ratan Tata

The Tata Nano begins international journey in Sri Lanka and Nepal

Jaguar celebrates 50 years of iconic E-Type car

Tata Steel completes centenary of its first blast furnace

Tata BP Solar becomes wholly owned Tata company (now known as Tata Power Solar Systems)

2012

Tata Global Beverages and Starbucks form joint venture to open Starbucks cafs across India. First outlet launched in October in Mumbai

Tata Communications completes worlds first wholly-owned cable network ring around the world

Indias first iodine plus iron fortified salt launched by Tata Chemicals

Tata AIG Life Insurance Company to be now called Tata AIA Life Insurance Company

Starbucks opens spectacular flagship store in Mumbai, honouring the dynamic culture of India

Tetley Tea celebrates 175th anniversary

Tata Steel expands aerospace activities in China

Cyrus P Mistry takes over as Chairman, Tata Sons from Ratan N Tata

2013

Tata Motors Jamshedpur plant rolls out its two millionth truck

Tata Power synchronises fifth 800MW unit and makes its first UMPP of 4,000MW, at Mundra, fully operational

Tata Sons announces formation of the Group Executive Council

Tata Technologies acquires Cambric, a premier US-based engineering services company

TCS acquires IT services firm Alti to help drive long-term growth in France

Titan Industries is now Titan Company

Tata Sons and Singapore Airlines to establish new airline in India

Mount Everest Mineral Water (MEMW) to be merged with Tata Global Beverages

Jaguar Land Rover celebrates 1,000,000 vehicles built at Halewood operations

Tata Toyo and Air International enter into a joint venture

Titan Company celebrates retail milestone with 1,000 stores

Tatas Products and Services

Chemicals Tata Chemicals Rallis India Tata Pigments Limited General Chemical Industrial Products Brunner Mond Advinus Therapeutics Magadi Soda Company

Consumer products Tata Salt I-shakti Casa Dcor Tata Swach Tata Global Beverages Tata Tea Limitedis the world's second largest manufacturer of packaged tea and tea products. Tata Starbucks, is a 50:50 joint venture company, owned by Starbucks Corporation and Tata Global Beverages Eight O'Clock Coffee Tetley Tata Coffee Himalayan, Mount Everest Mineral Waters natural mineral water brand Tata Ceramics Infiniti Retail(Crom) Tata Industries Titan Industries Trent (Westside) Landmark Bookstores Tata Sky Crossword Voltas, consumer electronics company Tata International Ltd. Tanishq Fastrack, Largest & Trendiest Youth Fashion Brand in India Titan Eye+, World class Optical Stores from Titan Industries Tata Refractories Westland

Energy Tata Poweris one of the largest private sector power companies. Tata Power Solar, a joint venture betweenTata PowerandBP Solar Hooghly Met Coke and Power Company Jamshedpur Utilities and Services Company Tata Power Delhi Distribution Ltd (Formerly Known as North Delhi Power Ltd) Powerlinks Transmission Tata Power Trading Tata Projects

Engineering TAL Manufacturing Solutions Tata AutoComp Systems Limited(TACO) Hispano Carrocera Tata Motors, manufacturer ofcommercial vehicles(largest in India) andpassenger cars Jaguar Land Rover(Manager of Tata's British brandsJaguar carsandLand Rover) Tata Daewoo Commercial Vehicle Tata Projects Tata Technologies Limited Tata Marcopolo Tata Consulting Engineers Limited Tata Cummins Telco Construction Equipment TRF Voltas Global Engineering Centre Tata Advanced Materials Tata Advanced Systems Tata Motors European Technical Centre Tata Petrodyne Tata Precision Industries Telcon Construction Equipment

Information systems and communications Computational Research Laboratories INCAT Nelco Nelito Systems Tata Business Support Services Tata Consultancy Services Ltd.(TCS) is one of the world's largest IT Services companies. Tata Elxsi Neotel Tata Interactive Systems Tata Teleservices Tata Teleservices (Maharashtra) Virgin Mobile India Tata Communications CMC Limited VSNL International Canada Tatanet, Managed connectivity and VSAT service provides

Services Tata Sons TajAir AirAsia India Air Asia India joint venture with Air Asia The Indian Hotels Company Taj Hotels Vivanta By Taj The Gateway Hotels & Resorts Ginger Hotels Roots Corporation Tata Housing Development CompanyLtd. (THDC) Tata Limited TATA AIG General Insurance TATA AIA Life Insurance

Steel Tata Steel Tata Steel Europe Tata Steel KZN Tata Steel Processing and Distribution JAMIPOL NatSteel Holdings Tata BlueScope Steel Tata Metaliks Tata Sponge Iron Tayo Rolls The Tinplate Company of India Tata Bearings

Financial highlights OF Tata Group

INR

USD

Year2013-14(Rs crore)2012-13(Rs crore)% change

Total revenue624,757527,04718.5

Sales617,212520,46918.6

Total assets703,734583,55420.6

International revenues419,860330,53027.0

Net forex earnings32,12916,60493.5

Financial year is April-March

Exchange rate: USD=Rs60.50 for 2013-14 and USD=Rs54.45 for 2012-13

Revenue figures for group companies are consolidated and net of excise duty (wherever applicable)

Group's capital market performance

Shares of the Tata group companies have been among the star performers on the Indian stock market over the last three years. Trends in the group's total market capitalisation along with aggregate market capitalisation of Bombay Stock Exchange are provided below.

2012(Rs crore)(End March)2013(Rs crore)(End March)2014(Rs crore)(End March)As on Oct 16,2014(Rs cr)

Tata group441,576($89.88bn)518,716($95.56bn)684,859($114.35bn)826,067($133.56bn)

BSE6,113,821($1,189.46bn)6,416,268($1,182bn)7,521,057($1,256bn)9,203,280($1,488bn)

With the listing of TCS on August 25, 2004, the total market capitalisation of the group's 32 listed companies crossed the Rs100,000 crore mark and the group acquired the distinction of having the highest market capitalisation among all business houses in the country, both in the public and private sectors.

Tata group accounts for 9.0 percent of the total market capitalisation of BSE.

Tata group companies have contributed significantly to the spread of equity cult in the country. They enjoy the trust of over 3.9 million investors.

Figures within the bracket are in US $ billion.

Market capitalization of Tata companies as on 2014

Name of the CompanyRs Cr$ billion

Rallis4,4010.71

Taj Group7,7561.25

Tata Chemicals9,8731.60

Tata Communications10,3401.67

Tata Consultancy Services524,70684.84

Tata Elxsi1,8620.30

Tata Global Beverages (Tata Tea)9,4151.52

Tata Motors132,40221.41

Tata Power19,8983.22

Tata Steel42,7196.91

Titan Company32,7205.29

Trent4,3540.70

Voltas7,3031.18