Tatas Celebrate their 100 years and Set Goals for Future

Tata LimitedJamsetji Nusserwanji Tata had a dream to make India self dependent by using Science and Technology. He devoted his life to hydro-electric power plans and Iron & Steel Works at Jamshedpur. He believed in offering low cost solutions to clients and to add value to wealth of shareholders. After the acquisition of the Corus group, the company is among the first five steelmakers in the world. Tata has also acquired NatSteel Asia and Millennium Steel Thailand. The combined turnover of Tata stands at $25 billion.

The company came into existence on 26, August, 1907. Now at 100 years, Tata Iron and Steel Company Ltd (TISCO) has set an aim to double the production by year 2015. Tatas took a great step for bright future of India. The Tatas were able to raise Rs 2.32 crore by offering shares of the company. The company sold ordinary shares worth Rs 1.5 crore while preferential shares fetched them Rs 75 lakh. The company stated operations in year 2007 with a capacity of 100,000 tonnes.

According to Mr. Tom Blackett, Deputy Chairman of Interbrand UK, Tata will be in top 100 global brands in rankings for year 2008. Tata is among low cost producers of steel in the world. The company officials now focus on integration of Corus into its current business model.

The steelmaker came into news after its recent purchase of Corus. This deal was the India's biggest-ever foreign acquisition made by an Indian Company. Tata Group has forayed into many sectors. The company offers IT solutions (TCS), Tea (Tata Tea) and Passenger Cars (Indica, Indigo).