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This Article is From Dec 28, 2012

Ratan Tata: Top 10 achievements under his leadership

Ratan Tata, who led the transformation of the Tata group from a conventional corporate house into a $100 billion global conglomerate with high-profile acquisitions abroad, retired today, ending a 50-year run in one of India's oldest business empires.

  1. 1998: The Tata Indica, the conglomerate's first passenger car, was launched this year. The car went on to become the No. 1 brand in its segment within two years.
  2. 2000: Tata Tea, now Tata Global Beverages, acquired the Tetley group, the world's second largest manufacturer and distributor of tea. Tetley is the largest tea company in the UK.
  3. 2001: Tata AIG, a joint venture between the Tata group and American International Group Inc (AIG), marks the re-entry of the Tata group into the insurance sector. The group's insurance company, New India Assurance, founded by Dorab Tata in 1919, was nationalised in 1956.
  4. 2002: The group acquires a controlling stake in Videsh Sanchar Nigam Ltd. VSNL was founded in 1986 and was the first Indian PSU to be listed on the New York Stock Exchange.
  5. 2003: Tata Consultancy Services became the first Indian software company to cross $1 billion in revenue. The company went public a year later.
  6. 2004: Tata Motors is listed on the New York Stock Exchange. The company also acquires the heavy vehicles unit of Daewoo Motors the same year.
  7. 2007: Tata Steel acquires Anglo-Dutch company Corus, the second-largest steel maker in Europe.
  8. 2008: Tata Motors unveils the Nano, the country's cheapest passenger car. It was initially dubbed the Rs 1 lakh car, though it now costs Rs 1.5-2 lakh.
  9. 2008: Tata Motors acquires the Jaguar and Land Rover businesses from Ford, and forms a new company, Jaguar Land Rover.
  10. 2012: Tata Global Beverages and Starbucks form a joint venture, Tata Starbucks Ltd, and open their first store in Mumbai.

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