trace the establishment rise and growth of tisco till independence
Answers
Tata Iron & Steel Company Ltd. (TISCO) is the iron and steel production company associated with the Tata group of some 80 different industrial and other business enterprises in India, founded by members of the Tata family. TISCO operates as India's largest integrated steel works in the private sector with a market share of nearly 13 percent and is the second largest steel company in the entire industry. Its products and services include hot and cold rolled coils and sheets, tubes, construction bars, forging quality steel, rods, structurals, strips and bearings, steel plant and material handling equipment, ferro alloys and other minerals, software for process controls, and cargo handling services. Through its subsidiaries, TISCO also offers tinplate, wires, rolls, refractories, and project management services.
Tata's Early Beginnings in the 1800s
The story of TISCO is the story of one family or, more accurately, one man whose vision and determination to give India a modern industrial economy helped provide a platform for the country's independence half a century after his death. At the same time, he helped create what was by 1970 India's biggest nonpublic enterprise. Jamsetji Nusserwanji Tata was born into a well-to-do family of Bombay Parsees in 1839. The Parsees, a religious minority group, had carved a niche for themselves in business, in this case in the economy of Victorian India, which was dominated by British interests and was being developed as a client imperial economy. Tata's father was a successful merchant with interests in the cotton trade to Britain. Tata joined the family business after an education at Elphinstone College in Bombay and was sent to Lancashire, England, in 1864 to represent the firm there. This was to be the first of many travels in Europe, North America, and the Far and Middle East during which he formulated his ideas on the best strategy to realize his own ambitions for success in business and to contribute to the economic development of India.
TISCO stands for Tata Iron & Steel which is one of the finest steelmaker company.
Jamsetji Tata established it in 1907 which was followed up by the blast at Sachi in 1911.
In 1912, the plant produces steel ingot for the first time and follow it up with 8-hour employee system.
Then in 1920, the paid leaved concept was introduced following it with the closure in 1925. Then in 1951, it was launch as per modernization.