Jamsetji Tata 119th Death Anniversary: Jamsetji Tata was an Indian industrial pioneer who established the Tata Group, India’s largest conglomerate. He also founded the city of Jamshedpur.
Here are some intriguing Jamsetji Tata facts:
The legendary “Father of Indian Industry” is Jamsetji Tata.
Tata was so influential in the business world that Jawaharlal Nehru called him a “One-Man Planning Commission.”
Jamsetji Tata and his family were members of the minority group of Zoroastrians or Parsees who fled persecution in Iran and settled in India.
He was born into a respectable but impoverished priestly family.
Unlike other Zoroastrians, Jamsetji Tata received a formal Western education because his parents recognised his early aptitude for mental arithmetic. In order for him to receive a more contemporary education, he was sent to Bombay.
Jamsetji wed Hirabai Daboo while he was still an undergraduate.
Upon graduating from Elphinstone College in Bombay in 1858, he joined his father’s export-trading company and primarily assisted in establishing its powerful branches in Japan, China, Europe, and the United States.
Tata travelled to China on a regular basis to educate himself on the opium trade, but upon his travels, he realised that the cotton industry was booming and there was an opportunity to make a large profit. This influenced his business career, where he made the majority of his lifetime investments in cotton mills.
Tata worked for his father’s business until he was 29 years old.
Tata had four life goals: establishing an iron and steel corporation, a world-class educational institution, an exceptional hotel, and a hydroelectric plant. Only the hotel was constructed during his lifetime.
Even in his later years, Jamsetji Tata continued to be a prominent figure in the industrial world.
Tata became a staunch supporter of Swadeshism later in life.
Jamsetji Tata and the sons of his wife, Hirabai, Dorabji Tata and Ratanji Tata, succeeded Tata as chairman of the Tata Group.
In 1900, while travelling to Germany for business, Tata became gravely ill. He died in Bad Nauheim on 19 May 1904 and was interred in the Parsi burial ground at Woking, England’s Brookwood Cemetery.