Jamsetji Nusserwanji Tata
Born: 3 March 1839
Died: 19 May 1904
- He was an Indian pioneer industrialist, who founded the Tata Group, India’s biggest conglomerate company.
- He was born to a Parsi Zoroastrian family in Navsari, then part of the princely state of Baroda.
- He founded what would later become the Tata Group of companies.
- He is regarded as the legendary “Father of Indian Industry”.
- He founded a trading company in 1868 with ₹21,000 capital (worth US$52 million in 2015 prices).
- He bought a bankrupt oil mill at Chinchpokli in 1869 and converted it to a cotton mill, which he renamed as Alexandra Mill.
- He sold the mill 2 years later for a profit.
- He set up another cotton mill at Nagpur in 1874, which he named as “Empress Mill” when Queen Victoria was proclaimed as the Empress of India at 1st January 1877.
- Tata’s iron and steel plant was set up at Sakchi village in Jharkhand.
- The village grew into a town and the railway station there was named Tatanagar. Now, it is a bustling metropolis known as Jamshedpur in Jharkhand, named in his honour.
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March 3, 2019