- Jamsetji Tata started a business 151 years ago, today the revenue of group companies is more than 110 billion dollars
- Tata Sons are controlled by Tata Sons, Mistry family is still the second-largest shareholder in it
Jamsetji Tata started his business in 1868. The 151-year-old group today operates in more than 100 countries of the world. The Tata group has more than 100 companies. 28 of these companies are listed. According to the company’s official figures, the revenue of all Tata group companies in 2017-18 was more than Rs 7.13 lakh crore.
The Tata group has more than 100 companies and 28 of them are listed
The group’s market cap was more than Rs 11.11 lakh crore in March 2019. At the same time, more than 7 lakh employees are working in Tata Group companies worldwide.
Jamsetji started a business with 21 thousand rupees
In 1868, Jamsetji Tata bought a bankrupt oil mill for 21 thousand rupees and started a cotton factory there. Jamsetji set four goals. First- opening an iron and steel company. Second- starting a world-class institute. Third- opening a hotel and fourth- setting up a hydroelectric power plant. However, Jamsetji could only start the Taj Mahal Hotel (Mumbai) in his life. Later his generations accomplished all their goals.
More than 100 companies in the Tata group, Tata Sons stake in major companies
Jamsetji founded Tata & Sons in 1887. It was later renamed Tata Sons. After the death of Jamshedji in 1904, his elder son Sir Dorabji Tata took command. Tata Sons is the holding company of the Tata Group. The Tata Group today has more than 100 companies. All of these are controlled by Tata Sons. Tata Sons holds a 25 to 73 percent stake in the group’s key companies. The largest is 73% stake in Tata Investment Corporation.
83 years ago, the Mistry family bought a stake, now the second major shareholder in Tata Sons
Tata family business friend Seth Idulji Dinshaw had a 12.5% stake in Tata Sons. After Dinshaw’s death in 1936, Cyrus Mistry’s grandfather Shapurji Pallonji Mistry bought 12.5% of his shares. In the same year, JRD Tata’s sister Sayla and brother Dorab also sold some of their shares to Shapurji. This increased Shapurji’s stake in Tata Sons to 17.5%. After Shapurji, his son Shapurji Pallonji joined Tata Sons in 1975. After him, Cyrus Mistry joined Tata Sons in 2005 as a director. Currently, the total holding of the Mistry family and their companies in Tata Sons has increased to 18.4%. He is the second-largest shareholder in Tata Sons after Tata Trust (66%).