Hi friend, in this blog I am going
to give a induction of one of the greatest person who develop the biggest
company in India, name is Mr. Jamsetji Tata, who is founder of TATA
company. The beginning of the Tatas as we
know it was with the birth of Jamsetji Tata.
Born in 1839 in Navsari into a
family of Zoroastrian priests, Jamsetji was the first in his start his own
business. In 1868, he invested Rs. 21,000 and started his own trading business.
However, his real interest was in the textile business. He wanted to learn more
about this so that he could enter the field with a reasonable chance of
success.
Accordingly, Jamsetji spent some
time in England, where he observed the functionings of the cotton mills there.
He realised that in order to produce cotton of a truly superior quality, he
would require specialised and expert workers. Armed with this knowledge,
Jamsetji bought a bankrupt oil mill at Chinchpokli and converted it into a
cotton mill. Two years later, he sold this mill for a profit, for his sights were
set on something greater.
Jamsetji knew he wanted to emulate
the roaring textile industry in England. He decided to step out of the business
zone of Mumbai. Instead, he realised that Nagpur would be a better location and
it would be much cheaper than Mumbai. Also, he would have ready access to raw
cotton production, a bustling railway junction and an abundant supply of fuel
and water. This decision ultimately led to his success.
What made Jamsetji a good leader
was the fact that he really cared about his workers. He knew that the heart of
a labour-intensive industry like textile revolved around the welfare of the
workers. He started several initiatives to ensure the standard of living
provided to the labourers. Jamsetji was one of the first people of his time to
introduce the concept of a provident fund.
He had four main goals in his life:
an iron and steel company, a world-class educational institute, a
hydro-electric plant and a five-star hotel. However, in his lifetime, he could
only complete the hotel. We are all familiar with his creation. The spectacular
Taj Mahal Hotel in Mumbai is still one of the most premium destinations in
India. In those days, this hotel was the first in the country to have access to
24-hour electricity. The remaining dreams were realised to completion by his
son.
The inspiration for the
hydro-electric plant came from his visit to the great Niagara Falls in the US.
He envisioned creating something similar in the Lonavla Khandala area in
Maharashtra. Accordingly, he laid the foundations for the project.
Apart from these business
initiatives, Jamsetji did not lose sight of his original goal of social
welfare. Once the profits from his many projects started pouring in, he
established the JN Tata Endowment Fund in 1892 to encourage higher education.
He also started the work on a premium higher education institution which today
is known as the Indian Institute of Science.
In 1904, after Jamsetji’s death, his son Dorabji Tata took over as the Chairman of the Tata Group. If the above is any indication, Dorabji had huge shoes to fill as he began his reign.
