Jamsetji Nusserwanji Tata

Jamsetji Nusserwanji

Tata

Jamsetji Nusserwanji TataBorn 3 March 1839

Navsari, Baroda (modernGujarat)

Died 19 May 1904 (aged 65)Bad Nauheim, German Empire

Ethnicity Gujarati; Parsi

Alma mater University of Bombay

Occupation Founder of Tata Group

Religion Zoroastrian

Spouse(s) Hirabai Daboo

Children Dorabji TataRatanji Tata

Parents Nusserwanji and Jeevanbai Tata

1839: Jamsetji Tata was born on March 3.1853: He married Hirabai Daboo.1858: Joined his father's trade firm.1868: Established his first independent company.1874: Set up the Empress Mill.1901: Travelled to Europe and America to receive education on making of steel.1903: Established the Taj Mahal Hotel.1904: Died on May 19.

•Tata was born into a Parsi family.

•Instead of joining priesthood he was the first in his family who tried his hand in business.

• He started trading in Bombay.

•He graduated as the ‘Green Scholar’ from Elphinstone University at the age of 14

•He was married to Hirabai Daboo while he was still a student.

• He graduated from college in 1858 and joined his father's trading firm.

•He joined business during the time of The Revolt Of 1857.

•Due to expansion of knowledge through successive trips , he was convinced that there was tremendous scope for Indian companies to forge through and make a foray in the British dominated textile industry.

•He devoted his life to four goals: setting up an iron and steel company, a world-class learning institution, a unique hotel and a hydro-electric plant.• Only the hotel became a reality during his lifetime, with the inauguration of the Taj Mahal Hotel at Colaba waterfront in Bombay (now Mumbai) on 3 December 1903 (at the cost of 42 million rupees (about 11 billion or 1100 crore rupees at 2010 prices). •At that time it was the only hotel in India to have electricity.

His successors' work led to the three remaining ideas being achieved:•Tata Steel (formerly TISCO — Tata Iron and Steel Company Limited) is Asia's first and India's largest steel company. It became world's fifth largest steel company, after it acquired Corus Group producing 28 million tonnes of steel annually.•Indian Institute of Science, Bangalore, the pre-eminent Indian institution for research and education in Science and Engineering.•Tata Hydroelectric Power Supply Company, renamed Tata Power Company Limited, currently India's largest private electricity company with an installed generation capacity of over 8000MW.

Personal life•Jamsetji Tata married Hirabai Daboo.•Their sons, Dorabji Tata and Ratanji Tata, succeeded Jamsetji as the chairman of the Tata group.•Tata's sister Jerbai, through marriage to a Bombay merchant, became mother of Shapurji Saklatvala, who Jamsetji employed to successfully prospect for coal and iron ore in Bihar and Orissa. •Saklatvala later settled in England, initially to manage Tata's Manchester office, and later became a Communist Member of the British Parliament.

DeathWhile on a business trip in Germany in 1900, Tata became seriously ill. He died in Nauheim on May 19, 1904, and was buried in the Parsi burial ground in Brookwood Cemetery,Woking, England. .

City named after himTata's iron and steel plant was set up at Sakchi village in Bihar. The village grew into a town and the railway station there was named Tatanagar. Now it is a bustling metropolis known as Jamshedpur in Jharkhand, named in honor of the Jamsetji.The old village of Sakchi (now urbanized) still exists within the city of Jamshedpur, as its suburb.

HIS SUCCESSORSDorabji TataRatan TataJahangir Ratanji Dadabhoy TataCyrus P Mistry

TATA STATISTICS

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