“Father of Indian Industry”
Jamsetji Tata was known as the “Father of Indian Industry”. He was born in Navsari in Gujrat. Born to Parsi Parents Nusserwanji and Jeevanbai Tata on 3 March 1839. His father was a businessman who had an export trading firm based in Mumbai. Jamsetji Tata moved to Mumbai then known as Bombay while he was 14 years old. He studied in the Elphinstone College. He completed his graduation from the same College. Jamsetji Tata was married to Hirabai Daboo at a very young age before he could complete his studies.
He was the founder of India’s biggest conglomerate the Tata Group. He founded the company in 1868 with a capital of Rs 21,000/-. Jamsetji Tata then bought a bankrupt oil mill in Chinchpokli in Mumbai and converted it into a cotton mill. It was called Alexandra Mill. That was his first Independent successful Venture. He sold the Mill for a profit about two years Later.
Jamsetji Tata was known as the Father of Indian Industry
He initially worked for his father’s Trading firm. He traveled to several countries while at his father’s firm to expand and grow the business. This was the stepping stone for him to start a venture of his own. He founded the Tata Group which is now worth Billions of dollars and has more than 100 companies under one single entity.
He also founded India’s first five-star hotel to have electricity. It was none other than the Taj Mahal Hotel in Colaba. He also had the dream of building a Power plant, a world-class educational institution and a steel Company. All of which couldn’t see the daylight during his lifetime. However, his successors have not only gone to achieve the dreams that he had envisioned. They have gone to achieve much more than he could fathom.
Jamsetji Tata had two sons Dorabji Tata and Ratanji Tata. Who took over the Mantle of the Tata group following his demise. Jamsetji Tata took his last breath on 19th May 1900 in Bad Nauheim Germany. He was buried in a Parsi cemetery in England. Dorabji then took over as Chairman of the Tata Group. Jamsetji Tata will always be remembered in Indian History as the “Father of Indian Industry.