Computers came to India in 1952. TIFRAC <Tata Institute of Fundamental Research Automatic Calculator> was the first computer developed in India, at the Tata Institute of Fundamental Research.
In Pic Jawaharlal Nehru and Homi J. Bhabha at Tata Institute of Fundamental Research.
FC Kohli was born in 1924, had grown up in Peshawar, where his father ran a drapery and apparel store. He was working with Tata Power at the time and they wanted to put some of our operations on the computer: inventory control, purchases and some employee data.
Given his master’s degree from MIT, he soon advanced to one of the top two operational positions in Tata Electric. With his MIT connection, he played an integral role in establishing a Bombay section of the IEEE, the US-oriented professional society.
In 1969, he was asked to head TCS, as they had submitted a quotation for generating bills by computer for the Bombay telephone system.
He joined and TCS won the job, and the system became operational for 140,000 subscribers in 1971. This is how TCS got started!
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🧵The Great Gambler of Borrowed Capital
Almost all the entrepreneurs are gamblers, but then most of them gamble with their blood, sweat and money. A thread about a Man who wanted to be the next Dhirubhai Ambani of India.
The Other Roy.
Peerless Group was established in 1932 by Radhashyam Roy (then a School Teacher)in Narayanganj, Bangladesh. Soon it diversified into a full-stack financing venture. By 1982, when it celebrated its golden jubilee, it had 400,000 agents and some 17 million customers.
Fearing its becoming too big to be managed, RBI tried to intervene and then we saw some of the biggest names from Bengal <Siddhartha Shankar Ray, Somnath Chatterjee, etc> to represent them against the ongoing case with RBI.
A short🧵: Tata War Babies.
Post WW1, Tata’s launched many companies, including a Bank. Given their reputation, and brief post-war economic boom, investors fought to subscribe to these new issues.
The years of World War I was highly successful for Tata Steel. Wartime economies are rapacious entities. And it is a commonplace of economic and military history that, as valuable as steel is in peace, it is vital during the war.
With English steel production after 1914 rapidly absorbed by the European war. The 'India Cement Company' was set up in 1912, later it was merged with three Indian companies and one British to form ACC. Sir Homi Mody, the Tata Director, was the first Chairman.
A Short🧵on Bangalore's notorious Pollen Allergy, its relationship with our Food shortage and origin of the nickname 'Congress Grass'👇
Post-independence, India's wheat bowl, had gone to Pakistan and within the next decade, we were struggling to feed our population. A spell of successive bad monsoons later, there was a severe food crisis by 1955. In 1954, part of their Cold War game.
Eisenhower signed a Public Law <PL>, where US food was used for overseas aid, PL 480. Nehru was sold to this idea and India was the biggest receiver (>50% of the total outflow). But there were many issues related to this.
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The God Of Greed. From Oracle to Scam of the Dalal Street.
Some stories of #Scam1992
In the 1970s-80s BSE was still the club of few Gujaratis (esp Jains) & Parsee and Calcutta SE was the exclusive club of Marwaris. ‘Research’ in those time was just inside trading. One with the biggest money bag would win these speculation battles.
Manu Manek, was the Moneybag. He will lend money to play their games, however, if he gets to know that the person is not bagged by enough cash, we will play the other side of the play <which was usually playing a bearish game>
“India lives in villages.” Having ~320 wild species related to nearly 166 crop plants originated. Still, we struggled with Famine and even today we have our farmers doing suicides. Here is 🧵to give you a historical context and let you explore more themes around all this.
The Zamindary <holder of land> was the linchpin of India's agrarian system since the Mughal era. They were required to pay land taxes which were broken as Jama<assessment> and Hasil<actual collection>. At the start, they were NOT the landowner, and acted on ~10 commissions.
Soon with the decline of Mughal, they became Raja/Talquadars and involved other as agents <Desai, Reddy, Patel, etc> to collect the taxes from peasants. British continued with this system. But EIC revenue officers also focused on the availability of credit as they focused on ..
Swami Dayanand in 1873 made Swadeshi as an article of Faith. Post that #AtmaNirbhar Bharat campaign had three phases <Pre-47>, each resulting in some Hits and misses. But in totality, it did shape a few things which we see today in things around us. This 🧵is about all that
The first version of Swadeshi was developed in Western India. Tilak, along with Govind Ranade, Gopal Agarkar <Agarkar Chowk in Andheri> extended the Dadabhai’s Economic Drain theory and would eventually be called for a boycott campaign <first phase of nationalism> in 1896
Around the same time, these events happen: 1. Jamsetji Tata rename newly purchased Dharamsi Mills as the Swadeshi Mills <1886>, ironically 1st mill was Empress <Nagpur> 2. Profullachandra Roy started his Bengal Chemicals in Calcutta <1893>, Satis Mukherji started Dawn Society