When Tata was removed from Tata… 🤯
In 1978 when JRD Tata was the chairman, he was fired from his own company.
A Thread! (1/8) 🧵
#tata #JRDTata #StocksToBuy
In 1978 when JRD Tata was the chairman, he was fired from his own company.
A Thread! (1/8) 🧵
#tata #JRDTata #StocksToBuy
This was around the time when a feud between the Tatas and the government reached its height. It was for Air India (Tata Airlines).
Govt. wanted to nationalize it. JRD didn’t.
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Govt. wanted to nationalize it. JRD didn’t.
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The govt. went ahead and did it anyway without even consulting JRD.
Since then, khatti mithi nok jhok started between the two.
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Since then, khatti mithi nok jhok started between the two.
(3/8)
On Jan 1, 1978, Air India’s first Boeing 747 plunged into the sea off the coast of Bombay, killing all 213 passengers & crew.
And JRD was fired a month later. 🤯🤯
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And JRD was fired a month later. 🤯🤯
(4/8)
7 decades and ₹18000 Crores later, his successor, Ratan Tata, won the bid of Air India put up by the government.
They have a 100% stake now.
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They have a 100% stake now.
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During the 21 years that Ratan Tata led the group, revenues grew over 40 times and profit, 50 times.
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(6/8)
As of 2020, the number of companies owned by the Tata Group is roughly 100.
Around 71 of them are privately owned and 29 are public companies.
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Around 71 of them are privately owned and 29 are public companies.
(7/8)
If you are interested to find out more about what happened before this and what happened after,
Click on the link below! (8/8)
blog.finology.in/success-storie…
Click on the link below! (8/8)
blog.finology.in/success-storie…
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