Tata Group is an Indian multinational conglomerate holding company headquartered in Mumbai, Maharashtra, India. It was founded in 1868 by Jamsetji Tata and gained international recognition after purchasing several global companies. It is one of India’s largest conglomerate and is owned by “Tata Sons”, a charity registered with the Charity Commissioner in India.
Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. There are 30 publicly listed Tata enterprises with a combined market capitalization of about $130 billion as of March 2017. Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Taj Group.
Many Tata companies have achieved global leadership in their businesses. For instance, Tata Communications is #1 international wholesale voice provider and Tata Motors is among the top ten commercial vehicle manufacturers in the world. Tata Steel is among the top fifteen best steelmakers and TCS is the second largest IT services company in the world by market cap and profit. Tata Global Beverages is the second-largest tea company in the world.
In tandem with the increasing international footprint of Tata companies, the Tata brand is also gaining international recognition. Tata companies bring to their customers worldwide a whole host of reputed brands which touch their lives every day.
Tata companies themselves undertake a wide range of social welfare activities, especially at the locations of their operations, as also deploy sustainable business practices.
The following project is a detailed report on the various services provided by the Tata group.
AIMS AND OBJECTIVES :
The project aims to learn about various services provided by a big business
Objectives of the study are
- To show various services provided by the Tata Group
- To show how these services affect consumers
- To show how these services benefit the economy
- To show various companies under the Tata group
- To show importance of these services
NEEDS AND IMPORTANCE :
The following points talk about the importance of various services provided by a big business group, in this case, the Tata Group
- Loyalty- Various services provided by a business group keep the consumers loyal to that group as they form a bond with the consumers.
- Adaptability- Services of a business group shows consumers how easily they can adapt to their markets which build trust between the consumers and the group
- Progress- the various services provided by many businesses makes sure a competition is maintained which in turns lead to progress and innovation.
- Employment- various services provided means that even employment is generated for people to earn and work for.
- Outsourcing- Various services by a group means that work can either be outsourced to them or they can outsource work to others
- Economy- these services help in boosting a country’s economy.
METHOD AND METHODOLOGY :
In this project, we are going to learn about different types of winding up of a partnership firm
Primary data is data gathered for the first time by the researcher. It is the raw form of data and thoroughly studied and hence a helpful tool for secondary data. Here the method used for collection of primary data is by using the reference to the website.
The referred websites in this project are used as a source of data for this project. Most of the content is collected from these websites. The authenticity of this information cannot be taken seriously and thus keeping that in mind most of that data might be true or fake.
DETAIL REPORT OF PROJECT :
Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. There are 29 publicly-listed Tata enterprises with a combined market capitalization of about $130.13 billion (as on March 31, 2017). Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.
With its pioneering and entrepreneurial spirit, the Tata group has spawned several industries of national importance in India: steel, hydro-power, hospitality and airlines. The same spirit, coupled with innovativeness, has been displayed by entities such as TCS, India’s first software company, and Tata Motors.
Tata Motors Limited (formerly TELCO, Tata Engineering and Locomotive Company) headquartered in Mumbai, is an Indian multinational automotive manufacturing company and a member of the Tata Group. Its products include passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment and military vehicles.
Tata Motors has auto manufacturing and assembly plants in Jamshedpur, Pantnagar, Lucknow, Sanand, Dharwad, and Pune in India, as well as in Argentina, South Africa, Great Britain and Thailand.
Tata Motors’ principal subsidiaries purchased the English premium car maker Jaguar Land Rover (the maker of Jaguar and Land Rover cars) and the South Korean commercial vehicle manufacturer Tata Daewoo.
- Tata capital-
Tata Capital Limited was established in 2007 with the sole aim of providing focused and transparent financial solutions to help people realize their dreams.
- Tata AIG general insurance-
Tata AIG General Insurance Company Limited is a joint venture between Tata Group and American International Group (AIG). Tata AIG General Insurance Company Limited celebrated 15 years of service this year (2015) since it commenced operations in India on January 22, 2001.
- Tata AIA life insurance
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Ltd. and AIA Group Ltd. (AIA).
Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region.
- Tata mutual funds
Backed by one of the most trusted and valued brands in India, Tata Mutual Fund has earned the trust of lakhs of investors with its consistent performance and world-class service.
Food and beverage
The Tata group has also ventured into the food and beverage market. They have developed various brands over the years, the most famous being Tata tea and Tata Salt.
Over the last two decades, Tata Salt has lived up to its claim of being ‘Desh Ka Namak’. As of January 2016, more than 70,000 metric tonnes of Tata Salt is sold through over 16.6 lakh retail outlets reaching 135 million households across the country each month. The brand has managed to achieve these robust figures by consistently delivering health-aware products. The key to the brand’s success lies in the superior product quality of Tata Salt.
The Indian Hotels Company
The Indian Hotels Company (IHCL) and its subsidiaries, collectively known as Taj Group, is one of Asia’s largest and finest group of hotels. Incorporated by the founder of the Tata group, Jamsetji Tata, the company opened its first property, the Taj Mahal Palace, in Bombay in 1903. The Taj, a symbol of Indian hospitality, completed its centenary year in 2003.
Taj Group comprises 108 hotels in 63 locations, including 25 Ginger hotels across India, with an additional 17 international hotels in the Maldives, Malaysia, Australia, UK, US, Bhutan, Sri Lanka, Africa and the Middle East. From world-renowned landmarks to modern business hotels, idyllic beach resorts to authentic grand palaces.
The Tata Group has its own chain of retail stores, ranging from electronics to eyewear to jewellery to general stores.
Cromā is an Indian retail chain for consumer electronics and durables. It is the nation’s first large format specialist retail chain for consumer electronics and durables with successful expansion into Croma Zip stores, Croma Kiosks and latest online vertical, www.croma.com.Tata Group company Infiniti Retail runs Cromā stores in India. Infiniti Retail Ltd is a 100% subsidiary of TATA Sons.
Croma online retail store’s market share is 11% of all e-commerce industries in India. It aims for 100% of the same.
BIBLIOGRAPHY / REFERENCE :