JAMSETJI TATA DEATH BIRTHDAY: From an iron and steel company, a world-class educational institution, to the first hydroelectric power station, the founder of the TATA group Jamsetji Tata sowed the seeds for development on Indian soil.
A visionary with an exceptional entrepreneurial spirit, Jamsetji Tata has formed a successful business conglomerate and helped align India with other industrial countries. Today, on the anniversary of Jamsetji Tata’s death, let’s remember the industrialist and how he founded the steel-to-salt conglomerate.
Born on March 3, 1839 in Navsari city of Gujarat, Jamsetji was the only son of Nusserwanji Tata. In a priestly family, he turned out to be the first to plunge into business. At the age of 14, Jamsetji joined his father in Bombay and attended Elphinstone College there.
He received a liberal education, graduating in 1858, which led him to nurture a love of academics and reading throughout his life. He later joined his father’s small business in 1857 and gained nine years of experience there.
Then, at the age of 29, Jamsetji went on to open his trading company with a capital of Rs 21,000. Believing that Indian companies had the potential to dominate the British textile industry, he opened a cotton mill in 1869. Jamsetji sold the mill two years later and went on an extended visit to England to study the cotton trade in Lancashire. Impressed by the machines, the quality of the products and the staff, Jamsetji made it a point to achieve this in his home country.
Jamsetji also harbored the dream of establishing a steel mill that can make the best quality products. The idea came to him during his trip to Manchester, where he went to check new machines for his factory. However, Jamsetji was unable to realize this dream until he died in 1904.
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