Here’s a look at some key milestones achieved by Ratan Tata during his tenure with the Tata group.
1998: The Tata group launched the Tata Indica, the conglomerate’s first passenger car this year. The car went on to become the No. 1 brand in its segment within two years.
2000: Tata Tea, now Tata Global Beverages, acquired the Tetley group, the world’s second largest manufacturer and distributor of tea. Tetley is the largest tea company in the UK.
2001: Tata AIG, a joint venture between the Tata group and American International Group Inc (AIG), marked the re-entry of the Tata group into the insurance sector. The group’s insurance company, New India Assurance, founded by Dorab Tata in 1919, was nationalised in 1956.
2002: The group acquired a controlling stake in Videsh Sanchar Nigam Ltd. VSNL was founded in 1986 and was the first Indian PSU to be listed on the New York Stock Exchange.
2003: Tata Consultancy Services became the first Indian software company to cross $1 billion in revenue. The company went public a year later.
2004: Tata Motors was listed on the New York Stock Exchange. The company also acquired the heavy vehicles unit of Daewoo Motors the same year.
2008: Tata Motors unveils the Nano, the country’s cheapest passenger car. It was initially dubbed the Rs. 1 lakh car, though it now costs Rs. 1.5-2 lakh.
2008: Tata Motors acquired the Jaguar and Land Rover businesses from Ford, and formed a new company, Jaguar Land Rover.
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