what is the significance of year 2004 for TATA group?
Answers
Explanation:
The year 2004 is significant for the Tata Group, as it marks the 100th birth anniversary of JRD Tata and Naval Tata and the death centenary of Jmsetji Tata.
For two generations and more JRD epitomised a way of life and a culture of business that cared for the country and its people.
A tribute:
"The wealth gathered by Jamsetji Tata and his sons in half a century of industrial pioneering formed but a minute fraction of the amount by which they enriched the nation. The whole of that wealth is held in trust for the people and used exclusively for their benefit. The cycle is thus complete; what came from the people has gone back to the people many times over." -- J R D Tata
Born in Paris on July 29, 1904, Jehangir Ratanji Dadabhoy Tata was the second child of Ratanji Dadabhoy Tata and his French wife Sooni.
Established in 1859, the Tata Group was already India's biggest business conglomerate when Tata became its fourth chairman in 1938. He was then just 34 years old.
Under his leadership, the Tata assets climbed from Rs 62 crore (Rs 620 million) in 1939 to over Rs 10,000 crore (Rs 100 billion) in 1990.
Tatas: A Century of Trust
In 1939 the group included fourteen companies with sales of Rs 280 crore (Rs 2.80 billion); in 1993, the year of his death, sales were Rs 15,000 crore (Rs 150 billion) contributed by over fifty large manufacturing companies, besides innumerable holding, investment, subsidiaries and associate concerns, making it India's biggest business group.
Diversification
During the last half of the twentieth century Tata entered several new businesses, many of them unconventional, and produced a vast range of products -- from airlines to hotels, trucks to locomotives, soda ash and other heavy chemicals to pharmaceuticals and financial services, tea and air conditioning to lipsticks and cologne.
The group seemed to make everything and do everything. One of Tata's earliest achievements was to cajole ten rival cement companies to merge and form the Associated Cement Companies, run by the Tatas.
JRD strengthened existing businesses such as steel, power and hotels. At the same time, the group lost interest in some of its older core businesses.
As an industrialist, JRD Tata is credited with placing the Tata Group on the international map. As an aviator and pioneer flier, he brought commercial aviation to India.
As a patron of the arts, he was revered by India's artists, sculptors and performing artists; under JRD's tutelage, the Tatas became the biggest buyers, promoters and supporters of the art world in India.
And as a philanthropist, he was respected for keeping alive and building up the tremendously active Tata charitable trusts.
Answer:
The year 2004 is significant for the Tata Group, as it marks the 100th birth anniversary of JRD Tata and Naval Tata and the death centenary of Jmsetji Tata. For two generations and more JRD epitomised a way of life and a culture of business that cared for the country and its people.