Creation of Wealth Final

8/8/2019 Creation of Wealth Final

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Creation

of

WealthR. M. Lala


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About the Author Editor, publisher and author, Russi M. Lala

began his career as a journalistin 1948, atan ageof nineteen

In 1959,he becamethe Managerofthefirst Indian book publishinghousein London

Hehas been thedirectorof Sir DorabjiTrustsince 1985


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The TATAsfrom the 19th tothe 21st Century

The Creation of Wealth is R.M. Lala's best-

selling account of how the Tatas have been at

the forefront in the making of the Indian nationnot

just by their phenomenal achievements asindustrialists and entrepreneurs but also by their

signal contributions in areas like factory reforms,

labour and social welfare, medical research,

higher education, culture and arts, and ruraldevelopment


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Money is like manure.

It stinks when you pile it, it grows when you spread it


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Preface

thereis a difference

between making money

foroneself and creatingwealthforothers.

Thisisthestoryof a housethathas createdwealthfor a nation.

An unfinishedstory


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P

reface Those who create wealth & those who

consume it.

Wealth created by an Industrial house isnot to be measured alone by its balancesheet but also in terms of its skilledmanpower, its advanced technology and its

ability to conduct satisfactory industrialrelations.


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Foreword

Jamsetji Tata and his sons were products ofan era in which bold and adventurous men

made fortunes by exploiting the scientificdiscoveries and inventions of the 19th andearly 20th centuries of steam, electric power,railways and the motor car amongst others.


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Foreword

Tatas Shared the spirit of enterprise andboldness.

Under colonial rule India was being by-passedby the industrial revolution, which wastransforming America & Europe.

Eons of Glory. Tatas principal goal: To develop basic

industries.


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Jamsetji Tata

When you have to give the lead in action, inideas a lead which does not fit in with the

very climate of opinion, that is true courage,physical or mental or spiritual, call it what youlike and it is this type of courage and visionthat Jamsetji Tata showed.

- Jawaharlal Nehru


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The spirit of Adventure

Jamsetji Nusserwanji Tata was born in a familyParsi priestsin 1839

Green Scholar

Ageof 29 Privatetradingfirm. Careerin textiles Presentduringthefoundation of Indian National

Congressin 1885 Hydroelectric power,technical education &

research.


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The Steel Saga

In 1899 viceroy, lord Curzon, liberalised the mineralconcession policy.

The hidden wealth of India surfaced for her first

great industrial adventure. On February 16, 1912, the first ingot of steel rolled

on the lines of Sakchi plant.

In November 1924, the steel company was on the

verge of closing down, not one worker wasretrenched.


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TISCO, 8 % holding by Tatas, fifty percentheld by Public financial institutions includingthe Unit Trust and nationalised banks and the

rest held by 2,65,000 shareholders,predominantly with small holdings

Tata Steel was the first company in the

private sector to touch Rs.2,000 croreturnover

The Steel Saga


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Impulse to learningWhat advances a nation or community isnot so much to prop up its weakest andmost helpless members, as to lift up thebest and the most gifted so as to makethem of the greatest service to the

country.

- Jamsetji Tata


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Impulse to learning 1892, Jamsetji endowed a fund for the higher

education abroad of deserving students

He set aside 14 of his buildings and 4 landedproperties in Bombay to establish a universityof science. The donation was worth Rupees 30lakhs

The Indian Institute of Science opened in1911


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Tata Electric.

Two parks Bhulabhai Desai rd., Colabawoods.

Environmental development in thecatchment areas of Hydro electricreservoir.


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The Taj Mahal.

First building in Bombay to be lit byelectricity

Taj Goa encouragement to artisans andcraftsman

Majority of the holdings in Taj hotels belongto Lady Tata Memorial trust, Sir Ratan Tatatrust, Sir Dorab Tata trust


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CSR activities Lady Tata Memorial trust which uses its

funds for Leukemia research.

Sir Dorab Tata trust has founded nationalinstitutions like Tata Memorial hospital, Tata

Institute of Fundamental Research and TataInstitute of Social Sciences.


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J. N. Tata Endowment

Set up in 1892

Endowments awardsonly loan scholarships

Endowmenthas been helpingscholarsof merittorealisetheirdreamsofgetting a world-classeducationthroughits loan scholarship programme


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Sir Ratan Tata Trust

Set up in 1918

Has changedthetraditional ideasof charity

andintroducedthe conceptof philanthropy The Trustsupportseffortsin thedevelopmentof

society,throughinstitutional grantsin areasof RuralLivelihoods andCommunities, Education,Enhancing

Civil Society and Governance, Health and Arts andCulture


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Set up in 1932

Oldest, non-sectarian philanthropic organisationsin India

Itoperatesin thespiritofidealism anddedication to nation-building activities

Itstrivesto promoteexcellence andrelevancein all areasofhuman endeavor

Sir Dorabji Tata Trust


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J. R. D. Tata Trust

Establishedin 1944

Itgivesinstitutional donationsto promote

the advancementof learning,supportsresearchgrantandscholarships

It providesdisasterrelief and backssocial

welfare projects


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Gifted by The Sir Dorabjee Trustto Mumbai

Itis Indias premiersocio-culturalcentre and perhapstheonlyoneofitskindin Asia

TATA Theatre


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Indian Institute of Science

Tata Institute of Social Sciences

Tata Memorial Centre for Cancer Research and Treatment

Tata Institute of Fundamental Research

Tata Agricultural and Rural Training for the Blind

National Centre for the Performing Arts

National Institute of Advanced Studies

JRD Tata Ecotechnology Centre

Institutions promoted bythe TATA trusts


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Establishedin 1936, as Sir Dorabji Tata GraduateSchool ofsocial workin India

In 1944,itwasrenamed asthe Tata InstituteofSocial Sciences

Sincethen,ithas been expanding continuouslyintermsofeducational programmes andinfrastructure

Tata Instituteof Social Sciences


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Cont Tata Instituteof Social Sciences

Ithasworkedforthe promotion ofsustainable,equitableand participatorydevelopment,social welfare andsocialjusticethrough :

o Value based professional education for Social work

o Social research anddissemination ofsociallyrelevantknowledge

o Social intervention throughtraining andfield action projects

o Contribution tosocial andwelfare policy

o Professional responseto national calamities,throughrelief,rehabilitation anddisaster management


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Tata Memorial Centre

Initially commissioned bythe Sir Dorabji TataTruston 28th February 1941

Itwas a centrewithenduringvalue and a missionfor concern forthe Indian people

In 1957,the Ministryof HealthtookovertheTata Memorial Hospital


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Tata InstituteofFundamental Research Establishedin 1945

400 scientistsworkingin the Institutein variousdisciplines

The Institutehasseveral fieldstations andresearchfacilitiesin different partsofthe country

Thefacilitiesof TIFR include :o A large librarywith morethan onehundredthousand books and journalso A powerful central computingfacilitytogetherwithindividually

assigned computers andworkstationsfor computation, control andmonitoringofexperiments anddata analysis

o A liquidhelium facilityforvery low

temperatureexperimental studieso A largeworkshop andglass blowingsection for manufacturinghigh precision

instruments


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AboutT

CSTata Consultancy Services Limited(TCS) is the world leading information

technology consulting, services, businessprocess outsourcing, and engineeringservices organization.


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Developmentthrough

information technology

In 1998, after the devastating earthquake Maharashtra state, India),valuable IT infrastructure support was provided to the localGovernment

The R&D centre in Pune has developed low-cost water filters usinginexpensive rural technology

TCS employees at various locations address environmental and civicproblems, and sponsor the setting up and maintenance

of infrastructure for initiatives such as urbanbeautification, pollution reduction and healthcare


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Tata Consultancy Services (TCS) hasbeen selected the winner of the Golden

Peacock Global Award for CorporateSocial Responsibility - 2007' forCorporate Social Responsibility in the

Large Business' category


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Cyclone Relief

A devastating cyclone struck coastal Saurashtra in June 1998, causingsevere damage to rural houses and electrical transmission lines

Under the supervision of TCSRD, repair work was initiated includingpartial repair of roofs and the re-construction of fully blown-off roofs

About 1,192 houses were repaired in 28 Okhamandal

villages in the days following the cyclone

Tata Chemicals Society

for Rural Development


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Gujarat Earthquake Relief

Mobilised relief operations on a war footing in the days following thedevastating earthquake that hit Gujarat on January 26,2001

Within hours of the calamity, the Tata Relief

Committee was set up to identify and coordinate

relief operations in the regions of Kutch andSaurashtra




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Womens Programmes

Self-help groups and mandals

Training programme for SHGs

Food Processing

Handicrafts Promotion

Agro-based produce




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If Voltashasa core,itisitsbusinesses. If Voltashasaheart,it

isits volunteers.


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Voltasoffersengineeringsolutionsfor a widespectrum ofindustriesin areassuch asheating,ventilation and air conditioning,refrigeration,electro-mechanical projects,textile machinery,machinetools, mining and construction equipment,materialshandling,water management, buildingmanagementsystems,indoor airquality and

chemicals

ABOUTVOLTAS.


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Leader in air conditioning projects

Largest projects exporter in Mechanical,Electrical and Public Health works

Largest projects exporter in Mechanical,Electrical and Public Health works

No. 2 brand in air conditioners


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A heritage

ofgiving

Voltas,truetothe Tata tradition ofimprovingthequalityof life,has longregarded participation insocial development as a whole-heartedpreoccupation thatenrichesthe corporation itself.

projectsthat bring about upliftmentin the livesof

the underprivileged andthedeprived.


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A true corporatevision mustencompass morethan thosetowhom theCompany markets

itsservices and products.Voltasunderstandsthatthetime andresources

thusinvested andthe professionalexpertisesharedwiththe nation come back

tothe corporation in the longrun as

expecteddividendsofreputation,opportunity and acceptance.


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Thevolunteers

ofVoltas. Muliple Sclerosis Societyof India Shanti Avedna Ashram

National Centreforthe Performing Arts

WorldwideFundfor Nature

National Association forthe Blind Vatsalya

Akanksha

Bal Asha Ghar

School of Hope Mother Theresa's Home


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Voltasitesrun for a worthy cause

VOW demonstrates lovingthroughgiving

Trainingin 'EffectiveVolunteering'


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GROUP 3:

Angelica Gomes 18

Rinku Khivesara 20

Aditi Nakaskar 30Nazneen Roowalla 43

Samir Shanbag 46

Charushil Sadanand 53

Sarfaraz Vanjara 58

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Creation of Wealth Final