Ratan Tata took over the reins in 1991 from his uncle, the legendary JRD Tata. Ratan Tata has replaced the diversified group with ambitious new ventures and internationals during this period. Under Ratan Tata's leadership, TCS, the country's largest technology services provider, listed on the stock market in 2004 with a public offering, the second largest IPO in Asia at the time. TCS currently has a market capitalization of around Rs 15.5 lakh crore and is the second largest company in India after Reliance Industries (RIL).
Ratan Tata, who has died aged 86, led the Tata group for 21 years, during which the group's profits grew 51 times, revenues grew 46 times, while the total market capitalization grew 33 times during this period. The market capitalization of companies involved in manufacturing from salt-to-software has grown to Rs. 10,74,994 crores to Rs. 33,17,385 crore has been reached. The Tata Group is a favorite among investors on Dalal Street, having traded in the market for Rs. 22,42,391 crore has been added. Under the leadership of TCS, the total profit of the Tata Group has been over Rs.33,500 crore while the total income has reached Rs.4.75 lakh crore.
Tata Juth has been one of the largest wealth creators with a track record of doubling investors' money every 5 years on average. Globally they started expanding in 2000 and acquired the British tea company Tetley. Anglo-Dutch steelmaker Corus took over in 2007 for $13 billion, the largest acquisition by an Indian company abroad. Tata Motors also acquired British luxury auto brands Jaguar and Land Rover from Ford Motor Company in 2008 for $2.3 billion. One of Ratan Tata's favorite projects involves the production of the world's cheapest car, the Nano, under Tata Motors.
Investors and India's development benefited greatly Dr VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said, “Through Juth, Ratan Tata has gifted investors with top companies like Tata Motors, Tata Steel, TCS, Indian Hotels, Tata Consumer, Titan, etc. Investors and India's development have benefited greatly. Investors should learn from the growth of the Tata empire that long-term investment can lead to wealth creation.
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