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
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.
(2/8)
The govt. went ahead and did it anyway without even consulting JRD.

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. 🤯🤯

(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.

(5/8)
During the 21 years that Ratan Tata led the group, revenues grew over 40 times and profit, 50 times.

(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.

(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…

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