How Big is Tata Group Actually ? | Jamsetji Tata | Tycoons Of India | Dr Vivek Bindra

Let's go back to the 1870s! Yes, the time when Jamsetji Tata created such a business strategy that made Tata the 'Father of Indian Industry'.

Jamsetji's mathematical skills were so great that his planning was like a one-man army. He created his first big strategy when he jumped into his father's cotton trading business at the age of 14. To expand this business, he visited countries like Japan, China, Europe, and the US. These visits taught him how important supply chain operations and financial management are in business.

But the real blast happened when he did a cost-benefit analysis of Mumbai and Nagpur. Everyone was advising him to open a mill in Mumbai, but Jamsetji's mind was somewhere else. He decided to open a mill in Nagpur because raw material was directly available there. They say, 'To earn money, you need to use your brain properly!' He set up a factory in Nagpur after taking into account supply costs, production delays, and infrastructure costs. As a result, 'Empress Mill' made a profit of 25% in the first year itself!

In this 10th episode of Tycoons of India, Dr. Vivek Bindra talks in detail about the founder of the Tata Empire, the first visionary of this empire – Jamsetji Tata. From the establishment of Tata Steel in Jamshedpur to the luxurious Taj Mahal Hotel, Jamsetji’s relentless pursuit of excellence and innovation reshaped India's business landscape.

Know about Jamsetji's business strategies that gave a strong foundation to the Tata Group:

1. Financial Calculation of Location
2. Improvisation On Innovation
3. Community Based Loyalty
4. Kirkpatrick Model for Building Leadership
5. NPA Turnaround Strategy
6. ROI vs ROE – Taj Mahal Hotel
7. Relay Race of Succession Planning

Learn how Jamsetji Tata identified cost-effective strategies and fostered community loyalty - laying the foundation for a legacy that would shape Indian industry for generations. Our Leadership Funnel Program is designed to equip you with the same skills.

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Disclaimer:
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The term "tycoon" utilized herein does not signify any formal title, official designation, or honorary status. It is employed solely to describe an individual of notable success or prominence within their respective field. The use of this term should not be construed as conferring any legal or official standing.

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Dr. Vivek Bindra is the Founder & CEO Of Bada Business Pvt. Ltd., One Of The Most Progressive Ed-Tech platforms in South East Asia. Know more: https://www.badabusiness.com/about-dr...

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