Jamsetji Nusserwanji Tata is the founder of the Tata Group and is an Indian entrepreneur and industrialist. Tata Group of industries is one of the biggest conglomerates in India that encompasses seven business sectors. The Group is incorporated with more than 80 countries and is the world’s biggest Indian global brand. Jamsetji Nusserwanji has made an immense contribution to the field of industry. Jamsetji Tata is fondly called the “Father of Indian Industry.”
Here are some of the interesting facts about Jamsetji Tata that prove him to be a legend.
Ambitious and Strong-Willed Since Young
Jamsetji Tata date of birth is 3 March 1839. Right from his childhood, Jamsetji Tata had great ambition and was a strong-willed boy. As a family tradition, he was expected to become a Parsi priest, but he refused to follow the trend and walked on the path of fulfilling his ambitions.
Joined Family Business After Graduation
Jamshedji Tata completed his graduation from Elphinstone College in Mumbai in 1858 and joined the trading firm of his father in the year.
Extended Family Business To Europe, United States
For him, it was a tough time to develop a successful export-trading business as the country was also unstable in the year 1857 because of the Indian Rebellion. In this situation, Jamsetji worked hard and increased his business skills to manage his family business in Europe, the United States, China, and Japan.
Travelled World Over To Acquire Knowledge
Young Jamsetji was a quick learner and had always been willing to explore new things. He travelled extensively across the globe so that he could expand his family business. As a result, he attained lots of experience and valuable knowledge. This experience helped him in running successful Indian companies and increased the scope to develop and competes with the industries dominated by the Britishers.
Founded A New Trading Company
Jamsetji Tata also founded a new trading company in 1868, which later evolved to become The Tata Group. After this, Jamsetji Tata purchased Chinchpokli’s bankrupt mill and gave it a new name Alexandra Mill, and after two years, the company was sold to earn more profit.
Started First Textile Mill in Nagpur
In 1874, Jamsetji Tata set up a cotton mill at Nagpur. The company was named “Empress Mill” when Queen Victoria was declared the Empress of India three years later. Jamsetji Tata was also very interested in the textile business and set up mills at Coorla (Kurla) and Bombay.
Goals of Jamesetji’s Life
He established a world-class learning institution that offers science education to Indians, setting up an iron and steel company, a hydroelectric plant, and a unique hotel. He made the setup of a hydroelectric plant in 1892 and the Taj Mahal Hotel in Mumbai (then Bombay) in 1903.
Donated Land To Construct Research Institute
In 1898, Jamsetji donated his land to construct a research institute in Bengaluru. His dreams became a reality in the form of the Indian Institute of Science (IISc) after he passed away.
Jamsetji Tata had several dreams that were not fulfilled due to his sudden death on 19 May 1904 in Germany’s Nauheim. His sons Ratanji Tata and Dorabji Tata took over the Tata Group after his demise.