Jamsetji Tata

Jamshedji Tata Nasarwanji ( Gujarati: જમશેદજી તાતા; Hindi: जमशेदजी टाटा, Jamśedjī Tata, March 3, 1839 in Navsari in Gujarat, India, † May 19, 1904 in Bad Nauheim, Germany ) is considered the father of Indian industrialization.

Jamshedji Tata, the founder of the Tata Group. He had the 1903 completed Taj Mahal Hotel in Mumbai ( Bombay ) build. The Indian city of Jamshedpur in the state of Jharkhand was named after him.

Jamshedji Tata was Parse.

Youth

Jamshedji Tata was born as the son of Nusserwanji and Jeevanbai Tata on 3 March 1839 in Navsari, a small town in the south of Gujarat. Nusserwanji Tata was the first businessman in a family of Parsee priests. He moved to Bombay, to trade there.

Jamshedji moved in with him to Bombay at the age of 14 years and visited the Elphinstone College. He was married to Hirabai Daboo while he was still studying .. He finished college in 1858 and joined from the trading company of his father.

Business activities

Jamshedji worked in the company of his father until his 29th birthday. In 1868 he founded a trading company with a seed capital of 21,000 rupees. In 1869 he acquired a bankrupt oil mill in Chinchpokli, converted it into a cotton mill and named it Alexandra Mill He sold the mill two years later with a large profit. He then in 1874 founded a cotton mill in Nagpur. He christened it Empress Mill on 1 January 1877, when Queen Victoria was proclaimed as Empress ( Empress ) of India.

The period after the construction of the Empress Mill was the most important time of Jamsetjis life. In the next thirty years until his death in 1904 Jamsetji laid the foundations for today's Tata Group as currently the largest group of companies of India.

He devoted his life to the goal of achieving three of his key ideas: the first foundation of an iron and steel company, 2nd an institution for learning at world-class level and 3 of a hydroelectric plant to generate electricity. He failed to realize his three goals.

But the set of his bases and the hard work that put his successor in the realization of his ideas and ultimately made ​​possible the realization of all three objectives by the Tata family:

  • Tata Steel (formerly TISCO - Tata Iron and Steel Company Limited) was Asia's first and India's largest integrated private iron and steel company with a production of 4 million tons of steel annually.
  • The Indian Institute of Science ( IISc ), a highly regarded postgraduate institution for research and study in Bangalore, India offers post graduate and doctoral programs, where more than 2000 active researchers working in 48 specialized departments.
  • The Tata Power Company Limited is India's largest private electricity company with an installed generating capacity of over 2300 MW.

In particular, while his eldest son Dorabji Tata excelled, who with his brother Ratan Tata (1871-1918) took over the leadership after the death of his father in 1904.

Among his notable companies include the construction of the historic Taj Mahal Hotel in Mumbai Colabaviertel. The hotel was completed on 16 December 1903 was about 421 million rupees. He died while on a business trip through the German Empire in 1904 in Bad Nauheim and was in Woking, Surrey, buried.

Merits and achievements

The company was founded by Jamshedji Tata, now known as Tata Group is today the largest group of companies in India.

When he built the Empress Mills in Nagpur, he trod not only new and advanced ways to textile manufacturing, but also ensured that good working conditions, long before there were laws on working conditions in India.

Tata was a staunch Indian patriot and nationalist. He maintained ties with activists who then campaigning for the end of British colonial rule in India and its independence as Dadabhai Naoroji and Pherozeshah Mehta, whose thinking he was strongly influenced. He was of the opinion that the national independence of India should be accompanied by economic independence through a self-sufficient Indian industry.

Biography

  • RM Lala: For the Love of India: The Life and Times of Jamsetji Tata (ISBN 0-670-05782-7 )

Credentials

Others

  • Mark Twain was a guest of Tata when the author visited Bombay.
  • Jamshedpur, also known as Tatanagar, a city in India in the Indian state of Jharkhand, is named after him. The Tata Group maintains there numerous factories, including Tata Steel.
  • Jamshedji Tata in 1901, the first Indian who owned an automobile.
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