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Jamshedji Nusserwanji Tata

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JNTata

JNTata/Industrialist/India

Jamshedji Nusserwanji Tata was born on March 3, 1839 - and lived up to May 19, 1904. He was a pioneer in the field of modern industry, in India.

Life history

He was born in Navsari, Gujarat, India. He was born to Nusserwanji and Jeevanbai Tata.

He founded what would later become the Tata Group of companies. Jamsetji Tata is regarded as the "father of Indian industry".

Early life

Nusserwanji Tata, his father, was the first businessman in a family of Parsi Zoroastrian priests. He moved to Bombay and started trading.

At the age of 14, he enrolled himself at the Elphinstone College. He was married to Hirabai Daboo, while he was still a student. He graduated from college in 1858 and joined his father's trading firm.

It was a turbulent time to step into business as the Indian Rebellion of 1857 had just been crushed by the British government.

Business

He worked in his father's firm till the age of 29. In 1868, he started a trading company with a seed capital of Rs. 21,000. In 1869, he acquired a bankrupt oil mill in Chinchpokli, converted it into a cotton mill and renamed the mill to Alexandra Mill. He sold the mill two years later for a healthy profit. Thereafter he set up a cotton mill in Nagpur in 1874. He christened it Empress Mill on 1 January 1877.

Legacy

The company started by Jamsetji Tata came to be known as the Tata Group and is today among the largest and most respected companies of India.

See also

http://india.wikia.com/index.php?title=Gujarat/Photo_gallery&action=edit
Smallwikipedialogo.png This page uses content from Wikipedia. The original article was at Jamshedji Nusserwanji Tata. The list of authors can be seen in the page history. As with the India Wikia, the text of Wikipedia is available under the GNU Free Documentation License.

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