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LEGACY AND TRADITION
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission ‘To improve the quality of life of the communities we serve globally through long-term stakeholder value creation based on Leadership with Trust’. Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support social causes in areas like education, health, livelihood generation and art and culture.
The Tata group is consequently quite unique in the world of capitalism, owned as it is at the investment holding company level principally by charities that are committed to giving back to society. The Tata group has earned a reputation for path-breaking initiatives, many well ahead of their time, always placing the community and its interests at heart. Pioneering labour and industrial relations practices, such as introduction of the eight-hour working day, pension and gratuity schemes launched by the group, decades in advance of legislations, include for employees post retirement, and maternity benefits, among others.
A Philosophy of Sharing
Jamsetji Tata was more than merely an entrepreneur who helped India take her place in the league of industrialised nations. He was a patriot and a humanist whose ideals and vision shaped an exceptional business conglomerate. The industrialist in Jamsetji was a pioneer and a visionary, possessed of a spirit of entrepreneurial adventure and acumen never seen before or since in a native of colonial India. The nationalist in him believed unwaveringly that the fruits of his business success would enrich a country he cared deeply about. These attributes, by themselves, would have been enough to mark him as an extraordinary figure. But what made Jamsetji truly unique, the quality that places him in the pantheon of modern India's greatest sons, was his humaneness.It is this characteristic from which stemmed Jamsetji's generosity of heart and his compassion for a citizenry labouring under the twin realities of oppressive foreign occupation and overwhelming poverty.
Here’s a small tribute to him mapping his ‘life in pictures’.
The Tata group has shown that tradition can be embedded into its future vision. In keeping with that vision, Tata companies are building multinational businesses that seek to differentiate themselves through customer-centricity, innovation, trustworthiness and values-driven business operations, while balancing the interests of diverse stakeholders, including customers, employees, financial stakeholders, value chain partners and society at large. Tata companies are involved in a wide variety of community development and environment preservation projects too. The Tata group's activities through its companies, various grants, the Tata trusts and relief committees encompass:
HEALTH
PRIMARY
EDUCATION
SKILLS TRAINING & ENTREPRENEURSHIP
LIVELIHOODS
WOMEN
EMPOWERMENT
SERVICES FOR THE DIFFERENTLY ABLED
BUILD
INSTITUTIONS
SUPPORT
SCHOLARS
REBUILD DISASTER-
AFFECTED COMMUNITIES
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