Creation

of
Wealth
R. M. Lala
 About the Author
 Editor, publisher and author, Russi M. Lala
began his career as a journalist in 1948, at
an age of nineteen
 In 1959, he became the Manager of the
first Indian book publishing house in London
 He has been the director of Sir Dorabji
Trust since 1985
The TATAs from the 19th to the 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 nation—not

just by their phenomenal achievements as
industrialists 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 rural
development
 Money is like manure.
It stinks when you pile it, it grows when you spread it
 Preface
…there is a difference
between making money
for oneself and creating wealth
for others.
This is the story of a house that has created wealth
for a nation.

An unfinished story…
 Preface
 Those who create wealth & those who
consume it.
 Wealth created by an Industrial house is
not to be measured alone by its balance
sheet but also in terms of its skilled
manpower, its advanced technology and its
ability to conduct satisfactory industrial
relations.
 Foreword
Jamsetji Tata and his sons were products of
an era in which bold and adventurous men
made fortunes by exploiting the scientific
discoveries and inventions of the 19th and
early 20th centuries of steam, electric power,
railways and the motor car amongst others.
 Foreword
 Tatas Shared the spirit of enterprise and
boldness.
 Under colonial rule India was being by-passed
by the industrial revolution, which was
transforming America & Europe.
 Eons of Glory.
 Tata’s principal goal: To develop basic
industries.
 Jamsetji Tata

When you have to give the lead in action, in

ideas – 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 you
like and it is this type of courage and vision
that Jamsetji Tata showed.

- Jawaharlal Nehru
 The spirit of Adventure
 Jamsetji Nusserwanji Tata was born in a family
Parsi priests in 1839
 Green Scholar
 Age of 29 – Private trading firm.
 Career in textiles
 Present during the foundation of Indian National
Congress in 1885
 Hydro electric power, technical education &
research.
 The Steel Saga
 In 1899 viceroy, lord Curzon, liberalised the mineral
concession 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 was
retrenched.
 The Steel Saga
 TISCO, 8 % holding by Tata’s, fifty percent
held by Public financial institutions including
the 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 crore
turnover
 Impulse to learning
What advances a nation or community is
not so much to prop up its weakest and
most helpless members, as to lift up the
best and the most gifted so as to make
them of the greatest service to the
country.

- Jamsetji Tata
 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 landed
properties in Bombay to establish a university
of science. The donation was worth Rupees 30
lakhs
 The Indian Institute of Science opened in
1911
 Tata Electric.
 Two parks – Bhulabhai Desai rd., Colaba
woods.

 Environmental development in the

catchment areas of Hydro electric
reservoir.
 The Taj Mahal.
 First building in Bombay to be lit by
electricity
 Taj Goa – encouragement to artisans and
craftsman
 Majority of the holdings in Taj hotels belong
to Lady Tata Memorial trust, Sir Ratan Tata
trust, Sir Dorab Tata trust
 CSR activities
 Lady Tata Memorial trust which uses its funds
for Leukemia research.

 Sir Dorab Tata trust has founded national

institutions like Tata Memorial hospital, Tata
Institute of Fundamental Research and Tata
Institute of Social Sciences.
 J. N. Tata Endowment

 Set up in 1892

 Endowments awards only loan scholarships

 Endowment has been helping scholars of merit to

realise their dreams of getting a world-class education
through its loan scholarship programme
 Sir Ratan Tata Trust

 Set up in 1918
 Has changed the traditional ideas of charity
and introduced the concept of philanthropy
 The Trust supports efforts in the development of
society, through institutional grants in areas of Rural
Livelihoods and Communities, Education, Enhancing
Civil Society and Governance, Health and Arts and
Culture
 Sir Dorabji Tata Trust
 Set up in 1932

 Oldest, non-sectarian philanthropic organisations

in India

 It operates in the spirit of idealism and

dedication to nation-building activities

 It strives to promote excellence and relevance

in all areas of human endeavor
 J. R. D. Tata Trust

 Established in 1944

 It gives institutional donations to promote

the advancement of learning, supports research grant
and scholarships

 It provides disaster relief and backs social

welfare projects
 TATA Theatre

 Gifted by The Sir Dorabjee Trust

to Mumbai

 It is India’s premier socio-cultural

centre and perhaps the only one of
its kind in Asia
 Institutions promoted by the TATA trusts

 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

 Tata Institute of Social Sciences

 Established in 1936, as Sir Dorabji Tata Graduate

School of social work in India
 In 1944, it was renamed as the Tata Institute of
Social Sciences
 Since then, it has been expanding continuously in
terms of educational programmes and
infrastructure
Cont… Tata Institute of Social Sciences
 It has worked for the promotion of sustainable, equitable
and participatory development, social welfare and social
justice through :

o Value based professional education for Social work

o Social research and dissemination of socially relevant
knowledge
o Social intervention through training and field action projects
o Contribution to social and welfare policy
o Professional response to national calamities, through relief,
rehabilitation and disaster management
 Tata Memorial Centre

 Initially commissioned by the Sir Dorabji Tata

Trust on 28th February 1941

 It was a centre with enduring value and a mission

for concern for the Indian people

 In 1957, the Ministry of Health took over the

Tata Memorial Hospital
 Tata Institute of Fundamental Research
 Established in 1945

 400 scientists working in the Institute in various disciplines

 The Institute has several field stations and research facilities

in different parts of the country

The facilities of TIFR include :

o A large library with more than one hundred thousand books and journals
o A powerful central computing facility together with individually
assigned computers and workstations for computation, control and
monitoring of experiments and data analysis
o A liquid helium facility for very low
temperature experimental studies
o A large workshop and glass blowing
section for manufacturing high precision
instruments
 About TCS
Tata Consultancy Services Limited
(TCS) is the world leading information
technology consulting, services, business
process outsourcing, and engineering
services organization.
 Development through
information technology

 In 1998, after the devastating earthquake Maharashtra state, India),

valuable IT infrastructure support was provided to the local
Government

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

 TCS employees at various locations address environmental and civic

problems, and sponsor the setting up and maintenance
of infrastructure for initiatives such as urban
beautification, pollution reduction and healthcare
Tata Consultancy Services (TCS) has
been selected the winner of the ‘Golden
Peacock Global Award for Corporate
Social Responsibility - 2007' for
Corporate Social Responsibility in the
‘Large Business' category
 Tata Chemicals Society
for Rural Development

Cyclone Relief
 A devastating cyclone struck coastal Saurashtra in June 1998, causing
severe damage to rural houses and electrical transmission lines

 Under the supervision of TCSRD, repair work was initiated including

partial 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

Gujarat Earthquake Relief

 Mobilised relief operations on a war footing in the days following the

devastating 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 and
Saurashtra
 Tata Chemicals Society
for Rural Development

Women’s Programmes
 Self-help groups and mandals

 Training programme for SHGs

 Food Processing

 Handicrafts Promotion

 Agro-based produce
 If Voltas has a core, it is its
businesses. If Voltas has a heart, it
is its volunteers.
 ABOUT VOLTAS….

 Voltas offers engineering solutions for a wide

spectrum of industries in areas such as heating,
ventilation and air conditioning, refrigeration,
electro-mechanical projects, textile machinery,
machine tools, mining and construction equipment,
materials handling, water management, building
management systems, indoor air quality and
chemicals
   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
 A heritage
of giving…

 Voltas, true to the Tata tradition of improving the

quality of life, has long regarded participation in
social development as a whole-hearted
preoccupation that enriches the corporation itself.

 projects that bring about upliftment in the lives of

the underprivileged and the deprived.
A true corporate vision must encompass more
than those to whom the Company markets
its services and products. Voltas
understands that the time and resources
thus invested and the professional
expertise shared with the nation come back
to the corporation in the long run as
expected dividends of reputation,
opportunity and acceptance.
 The volunteers

 of Voltas….
Muliple Sclerosis Society of India
 Shanti Avedna Ashram
 National Centre for the Performing Arts
 Worldwide Fund for Nature
 National Association for the Blind
 Vatsalya
 Akanksha
 Bal Asha Ghar
 School of Hope
 Mother Theresa's Home
 Voltasites run for a worthy cause
 VOW demonstrates loving through giving
 Training in 'Effective Volunteering'
GROUP 3:

Angelica Gomes 18
Rinku Khivesara 20
Aditi Nakaskar 30
Nazneen Roowalla 43
Samir Shanbag 46
Charushil Sadanand 53
Sarfaraz Vanjara 58