Leadership with trust
The Tata name has been respected in India for 140 years for its adherence to strong values and business ethics. These values govern the day to day functioning and business dealings of Nelco as well. The Tata group has operations in more than 80 countries across six continents, and its companies export products and services to 85 countries.
The group comprises over 100 operating companies in seven business sectors
- Communications and information technology
- Consumer Products
Founded by Jamsetji Tata in 1868, Tata's early years were inspired by the spirit of nationalism. It pioneered several industries of national importance in India: steel, power, hospitality and airlines. The total revenue of Tata companies, taken together, was $100.09 billion (around Rs. 475,721 crore) in 2011-12 (58 per cent coming from business outside India). Tata companies employ around 450,000 people worldwide.
Tata companies have always believed in returning wealth to the society they serve. Two-thirds of the equity of Tata Sons, the Tata promoter company, is held by philanthropic trusts that have created national institutions for science and technology, medical research, social studies and the performing arts. The trusts also provide aid and assistance to non-government organizations working in the areas of education, healthcare and livelihoods. Tata companies also extend social welfare activities to communities around their industrial units. The combined development-related expenditure of the trusts and the companies amounts to around 4 per cent of the net profits of all the Tata companies taken together.