Jamshedji Tata Honesty, study of the market and utilization of opportunities leads to success.

Jamshedji Tata Honesty, study of the market and utilization of opportunities leads to success.

Honesty, study of the market and good use of opportunities bring success.

introduction

Jamshedji Tata is a famous Indian industrialist and the founder of India's largest company "Tata Group". Because of Jamshedji's great contribution to the Indian industrial sector, he is considered as the "father of the Indian industrial sector". He was born on March 3, 1839.

initial journey

Jamshedji Nusirwanji Tata was born into a Parsi family in Navsari in southern Gujarat. His father's name was Nusirwanji and his mother's name was Jeevanbai Tata. His father was the first person in the family to run his own business. At the age of fourteen, Jamshedji came to Bombay (now Mumbai) with his father and started working. At the age of seventeen, he joined "Elphinstone College" in Mumbai. In 1858, after graduating as a "Green Scholar (Bachelor's Degree)", he joined his father fully in business. At that time he was married to Hira Bai Dabu.

business trip 

India was in turmoil in 1858 due to the rebellion in India in 1857. Although the condition of Jamshedji's father's export company was disappointing, he continued to try to raise the company with hard work. As a result of hard work, he was able to open branches of his business in Japan, China, Europe, America.

During business trips abroad, Jamshedji's business knowledge increased and he experienced that Indian companies can also be successful in the British-dominated textile industry. After working in his father's company until the age of 29, he established a business establishment in 1868 with a total capital of 21,000. In 1869, he bought a debt-ridden oil mill and converted it into a cotton mill, naming it Alexander Mill. After two years, Jamshedji sold the mill at a good profit and established a new cotton mill in Nagpur in 1874. When Queen Victoria was given the title of 'Queen of India', she named her mill 'Empress Mill'. He also opened other mills in Mumbai and Kurla. He was a human rights activist and a skilled leader, so he introduced the "Labor Protection Policy" for the welfare of industrial workers.

Jamshedji believed that economic freedom is political freedom. Jamshedji had four big goals in his life for the prosperity of his country. His projects were to establish a steel company, a world famous science study center, open a good hotel and open a hydroelectric project. He was an idealistic social worker. In the year 1892, he established the "JN Tata Endowment" in Britain for students of any caste or community who wanted to get higher education. In 1898, he gave his land to open a research center.

The plan that could not be completed during Jamshedji's lifetime was completed by his sons, according to which "The Indian Institute of Science" was established, which is a very prestigious institution nowadays. Hotel "Taj" was established as a result of his plan in 1903. At that time, "Taj" was the only hotel in India that had electricity. The establishment of Taj Hotel was a result of his nationalist thinking because Indians were not allowed to enter good European hotels in India at that time. And, he resolved to open a similar big hotel and show it to them. Around the year 1900, he brought a hydroelectric project. But due to his sudden death in 1904, the plan remained incomplete.

success

Jamshedji Tata is called "the father of the Indian industrial sector." The Tata Group of Companies has now become India's largest business group and a successful multinational company. Founded in 1868, now hundreds of companies such as Tata Steel, Tata Motors, Tata Chemicals, Tata Power, Tata Consultancy Services are operating under the Tata Group.

Most people have the desire to do their own work. But only a few succeed. The reason for this is lack of adequate preparation. You should deeply understand your goal, the work you want to do. Market and possibilities should be studied. We should prepare ourselves for the obstacles that may come in the future. You have to be determined to move forward in any situation. Don't make the mistake of ending your trip midway.