Ratan Tata served as the Chairman of Tata Sons from 1991 till his retirement on December 28, 2012.
Delhi: Industrialist Ratan Tata, who died aged 86, is credited with expanding the Tata Group’s portfolio to include products ranging from salt to software and sports cars during his tenure as chairman of the Tata Group.
Here are some of the Tata Group’s greatest achievements since 1991:
- 1991: In 2004, Tata Group’s software outsourcing arm Tata Consultancy Services went public, becoming a major player in information technology services. This was significant as it happened at a time when not many people invested in technology stocks.
- 2000: Tata Tea bought a 33 per cent stake in global tea brand Tetley Group for 271 million euros.
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- 2004: Tata Motors signed a deal to buy Daewoo Commercial Vehicle, the truck-making arm of bankrupt South Korea’s Daewoo Motors, for $102 million (Rs 465 crore).
- 2006: Tata ventured into the direct-to-home (DTH) television business by launching TataSky, now a giant in the television network distribution sector.
- 2007: Tata Steel acquired the U.K.-based Corus Group for $11.3 billion, one of the largest acquisitions in Indian corporate history at the time and giving the company a significant foothold in Europe. However, the venture did not see much success as demand for European steel fell in comparison to Chinese competition.
- 2007: Tata Advanced Systems Ltd was launched to explore the aerospace and defence solutions business, one of the earliest entries by a private entity in the sector. The company reported revenues of ₹342 crore in 2024 and signed a deal with US aerospace major Lockheed Martin to expand C-130J Super Hercules opportunities in India.
- 2008: Tata Motors acquired Jaguar-Land Rover (JLR) from Ford Motors for $2.5 billion.
- 2008: This year saw the launch of Mr Tata’s pet project – the Nano car – which was touted as the most affordable car in the country with a price tag of ₹1 lakh. However, the Nano was not a great success, with sales declining every year after 2012. Its production was discontinued in 2018.
Read | National icon Ratan Tata dies at 86
- 2009: Tata Communications acquired a majority stake in South African telecom company Neotel, expanding its presence in the African market.
- 2011: Tata acquired a controlling stake in Indian hotel chain Taj Hotels Resorts & Palaces, further strengthening its hospitality sector.
- 2012: Tata Steel acquires a 26 per cent stake in Canadian company Estel Mittal, allowing diversification into different steel markets.
Read | “Thank you for thinking of me”: Ratan Tata’s last social media post
- 2012: Starbucks enters into a 50:50 joint venture with Tata Group, taking 11 years to grow its operations to over ₹1,000 crore in revenue. The coffee retailer now aims to open 1,000 more stores in India by 2028, equivalent to opening a new store every three days.
- 2021: Tata Sons acquires a 64 per cent stake in online grocery seller BigBasket, putting the Indian group in a direct race with e-commerce players Amazon.com Inc, Walmart, Flipkart and Reliance.
- 2021: Completing a full circle since it was founded by JRD Tata in 1932, Air India returns to the Tata fold as the government looked to privatise the airline, which had amassed billions of dollars in debt.
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