Dorab Tata, Jamsetji’s son took over from him after his demise. He experimented with new sectors and diversified the company and by the 1930s, Tata had its presence in several industries including steel, electricity, education, consumer goods and aviation.
J R D Tata took over the Tata Group in the late 1930s. When he joined, Tata had 14 companies. When he stepped down, there were 95. His efforts gained global recognition for the Tata Group. He explored new sectors like chemicals, technology, cosmetics, and tea, marketing, engineering, manufacturing, and software services. He also started Tata Airlines that later became Air India. One of the company’s major subsidiaries, Tata Engineering and Locomotive Company (TELCO) that later became Tata Motors was formed in 1945.
The 1990s were a period of rapid growth for the Tata Group. With Ratan Tata at the helm, the company focused on going international: it also acquired several foreign brands at the same time. The launch of Tata Nano was yet another milestone. Nano became the new ‘people’s car’ as it was an affordable, all-weather form of transport for millions of middle- and lower-income consumers.
Picture Credit : Google