TATA also has reputation of treating their workers very well. My grandfather worked for them. He received many benifits and after his death my grandmother still got a great pension from them.
When it comes to quality I buy either german steel or indian tata steel. Because when working as an engineer everytime I got a lab report of their steel and independently verified it was always on the money just like the german steel
@@mayanksingh0044 I now live in a village which literally has a iron and steel works best to it. But German steel and metallurgical products have always been very high quality from my experience working as a machinist through college and then when I spec'd materials once I became an engineer
That's not because of Tata, that's because Tata outright bought quality producers (and their knowledge) such as Koninklijke Nederlandse Hoogovens en Staalfabrieken NV. All Tata did was take that existing stock, then break half of the safety and all of the environmental regulations to increase the profits, and carry on as they were. I guess that MO shouldn't come as a surprise for a clan that consists of drug lords. Tata only had money because they grew the opium that destroyed China. The Opium Wars were started for and by pressure from Tata.
Exactly. Their tool steels aren't exceptional but excellent nonetheless. Powdered metallurgy is great but has fairly limited application given the cost.
The British Chief Commissioner for the Indian Railways famously said, “Do you mean to say that the Tatas propose to make steel rails to British specifications? Why, I will undertake to eat every pound of steel rail they succeed in making.” In 2023, Tata now runs the two of the last 4 operational blast furnaces in the UK. It is also the largest manufacturing employer in the UK - both directly (via Tata steel, JLR, Tetley etc.) and indirectly (Largest engine orders to Roll Royce, aircraft orders for Airbus etc.). All this to say, one shouldn't be too arrogant. Fortune changes for everyone. Btw Tata's aren't an image of perfection either, they made a lot of their initial money via the opium trade.
@@mudra5114 Somehow RU-vid removes the comment with a URL in reply. Commissioner's name was Sir Frederick Upcott. It was a well documented fact, if you google it, you'll see it reported in TIME, BBC and many other similar sources.
TATA is least hated conglomerate in India. In fact I would go as far to say they are most loved and respected one. Working for TATA group has always been my dream. I worked for their engineering firm, and I must say I felt proud doing so.
Hope you enjoy being poisoned to death while they break every environmental regulation that exists. Tata are some of the worst sh*tbags in the industry. Unsurprising I guess as they were drug lords who got rich off of opium.
Fun to know this thing is known outside of India. As kid who was born and raised in Jamshedpur I feel proud at certain elements of my town but sometimes it's not the complete picture. But there are tons more things that Tata industry did for it's workers, from free healthcare to free housing and even inviting educators from around the world to build XLRI, a premier management institute, NIT (which was previously called RIT or regional institute of technology) to building IISc, Urban planning, waste management and primary and secondary education for it's employees. Even today companies cannot build the infrastructure that a single steel plant in region which had less than 25% literacy in 1907 was able to do. It is a miracle it worked out. And also a case study in how a town should be built and how important businesses, industry and social welfare, education, housing and healthcare (TMH) were intertwined in the what we can easily state is the TATA ideology
I remember something about Swami Vikekananda inspiring Jamsetji tata to take up the mantle for India's development. He certainly is responsible in some way for the creation of the entire revolutionary movement itself. I also heard some rumour somewhere that Without the vast foundries of TATA , the british would not have been able to fight in WW2.
TATA steel provided 300,000 tonnes of steel for the bri’ish war efforts. Should’ve made a deal with the Germans instead, made off with huge profits instead of sacrificing massive profits from not selling it on the open market.
@@aniket385 You didn’t know that many Indians supplied the Japanese and even the Axis through hidden means by smuggling goods across boats? Although Tata couldn’t have possibly sold their steel to Germans after the war, but before they could’ve done it before the war since Britain and Germany were huge trading partners or by supplying it to Henry Ford, who was a massive anti semite and kept Hitlers picture on his desk, even going so far to supply him with the assembly line formula to help build tanks for the German army.
Those who don't know Tata is well known brand in every aspect of Indian life. From Software consultancy to Salt, from Cars and trucks to solar panels, from electricity generation to tomato ketchup, Tata makes everything. Tata trademark is symbol of trust in India. People trust tata more than they trust Indian government. And Tata hs never been caught doing anything wrong. Yes they are monopoly in many but their products are of good quality
As an Indian, I too feel I grew up surrounded by Tata. I never really thought much of it as a kid, but now looking back I can clearly say they’re an exception in the corporate world. I do feel they are the most ethical corporation, maintaining their track record for 100+ years. Their product quality and innovations are also highly respectable. They also don’t gouge customers at price, even though they can with the power of their brand. They are a true nationalist private company.
Lol he was literally caught in the Radia tapes trying to convince her to lobby for sweetheart deals in the 2G case. Don’t get me wrong I love Tatas, but let’s not go overboard worshipping conglomerates.
The -ji suffix is not strictly part of the name but a honorary mark of respect, something like English "sir" or "mister", hence it's not "Dorab for short" but rather just "Dorab, Dorabji for long".
I always enjoy you interesting looks at defunct and little-known giants. (As someone in the semiconductor industry, I do enjoy your look into semiconductors the most, but these are a close-ish second!) I feel lucky that I've been so on-time to your videos lately too!
@@Nmax well, I suppose that is true. Tata Group is certainly well-known, but less so outside of India. Furthermore, I for one didn't realize they started in steel production since they have expanded well beyond that initial scope.
Do you know Tata Steel is the first Indian private company to use computer, patch card systems for employees pay role and tcs is the internal support system for it's salary processing. You may need another 2 episode to cover this topic.
Well tata is another company that’s threatening government to set monopoly and destroy competitor and profit from government projects that tax payers paid for now multi million dollars stolen in a unfair way
Tata is the most loved brand in india. UNlike other big corporations who are accused of profiteering, TATA has a much better image among the people. the founders of TATA played a big role in the freedom movement. Unfortunately Parsis are infamous for having ridiculously low birth rates. Ratan Tata who used to head TATA group but retired due to old age, is unmarried and does not have kids. We may never be able to see a Tata at the helm of TATA group again.
Lol Tatas literally profiteered from opium wars and were loyal to britishers. All big groups whether tata, birla, wadia, bajaj used to suck up to Congress just like how ppl accuse ambani adani nowadays
There's a great chance that you are using one of their products through their Sub-Brands. It's a Giant Salt to Steel to Civilian and Defence Engineering Conglomerate. Tetley Tea is owned by Tata, to give you an example.
Well FYI He is the richest person of the world..with more then 300Billion of net worth..(only if he didn't Donated 60% of his net worth) He is the person who has no Hater in India..He is Beloved MR RATAN TATA. A modern day Kind Hearted king... Retired Chairman of TATA Conglomerate.
Everyone in India knows about this conglomerate TATA. And especially TATA steel and TATA motors, the former was just covered in the video, but the latter is equally iconic. They have the distinction of being the first ( and probably only) company outside Germany that got a license from Daimler Benz to assemble Mercedes trucks in India, DB was so impressed by their ( Tata) work ethic, professionalism and the quality of the products they produced that they shared the technology for the entire manufacturing process with Tata, and this was in the 1950's. But the socialism BS of the ruling Nehru family ( license raj and nationalisation of major industry) almost killed Indian manufacturing industry and entrepreneurship in the country. The Tata' s however were too big and too popular with the public to fully nationalise, however some Tata companies like Air India ( airline) and the Central bank of India ( Banking) were nationalized by the government, and since then have always been loosing money and providing crappy service. India is probably one of the few countries in the world that de industrialized itself. We could have been miles ahead of South Korea or China if our own politicians had not screwed our economy ( and the country ).
So im not even finished with the video and im already into a mode of congratulations for more amazing content... As always thanks for sharing your approach!
If you know about Britain and China then you will realize that the "trading company" was actually Opium Trading. Thus, this visit to Hong Kong and Shanghai. The British Empire grew Opium using Serfs in India, used "traders" like JN Tata and sold it in China.
@@kerriwilson7732 It was made legal at the muzzle of a gun, not like the Chinese had a lot of choices after losing the Opium wars. Legality ≠ morality. Just as companies in Nazi Germany being legally allowed to use forced slave labour doesn't make it right or morally acceptable.
Great video! Are you interested in making a video about the tragedy of the German nuclear industry? An industry that never really had a problem of cost overruns, was extremely safe and had solutions in basically every sector (BWRs, PWRs, heavy water reactors, natrium breeders and recycling) but was solely killed by populist sentiment?
The connection between tata and chess, is the Dutch tata owned company former called Hoogovens who organized the chess tournament since 1938. Yes’s with indeed many Russian winners
The British hated TATA, going so far to say that they would *eat* all the steel from the Jamshed plant. As explained in the video the tata steel had higher quality to meet with the same price. Yet, they succeeded
Maybe I misunderstood. But I think they said British railways accepted steel of a lower standard than the Indian government required, not that British steel was a lower quality than the standard required of Tata.
@@kerriwilson7732 It was once tata complied. Also, you see the discrimination clearly here by having higher quality demands from an Indian producer than British or American ones. It baffles me that there are still people who defend these colonial parasites.
An American. I want India to accept its place as our Asian partner. This should be india's century. Make good choices on foreign engagements and good investments at home and you'll be off to the races.
Great video! have you consider the idea of making a video for both POSCO and JSW steel? Also it would be really nice if you could make a video about the impact of the Linz - Donawitz steel converters in the development of asian countries.
TATA industries are integral part of India's industrialization in many sectors. Steel is one of them. They also started the Air services in 1920s. A well reputed Indian consortium.
British steel plant manufacturers were rather reluctant at the idea of supplying Tata with steelmaking equipment, so Tata went shopping in the USA where Mesta Machine and other Pittsburgh-area suppliers were waiting for him with arms wide open... after all, "pecunia non olet". That included the steam locomotives used to move raw materials and finished products around the plant which were some of the relatively few US-built steam locomotives delivered to India. It also explained why the internal narrow-gauge railway system used to move ingots from the ingot stripper to the rolling mill was built to 3 foot gauge rather than the more usual (for India) meter gauge. Tata Steel later returned to the USA in the 1920's and bought India's first diesel-electric switching locomotive, built by GE with an Ingersoll-Rand prime mover.
Thank you for illustrating the inefficiencies of artisan production! I'm not saying it should be banned, but I reject the notion that somehow it's more organic, clean, or efficient. This goes not only for steel but ceramics and many other industries.
Early days of SE Asia's oil industry can be an interesting topic (royal dutch shell etc). And Japan's oil-related problems before and during ww2 can be an interesting sequel to that.. I still dont know how they managed to move their ships, planes and trucks without dependable oil supplies... Tata steel story made me think.. Without Tata steel (and hundreds of thousands of Indian soldiers), could Britain conquer middle east as easily during ww1? Anyways, the titles "...history of steel industry in India..." or "..rise of TSMC corporation..." can make anybody yawn or puke.. But if Asianometry did it, thousands watch as if it is a bond movie.. I think asianometry's only glaring deficiency is the absence of bond girls..🙂 Jokes aside, you continue to amaze me, dear asianometry..
Nah . The Philippines will never go anywhere . The government uses institutionalized corruption . Every government official wants a piece of that pork barrel .
It's a side product of air liquefaction. If I remember correctly, it's separated from the oxygen fraction. So any liquid oxygen/nitrogen production will make xenon as well, but metallurgy is a huge consumer.
Supposedly Wootz steel makers used Monsoon winds to drive their furnaces, making the coals hot enough to melt the steel. The real challenge with steelmaking back then was getting impurities to not lump up, and Wootz/Damascus steel did this by folding the metal a few times to spread out the impurities - this leaves the trademark wavy streak of impurities on the blade. Japanese swordmakers later took this folding to a whole other level.
Brilliant stuff being Welsh and just round the corner from Port Talbot after watching this i wont regard Tata as forgien Corp seeing the amazing shared history we share
I think the tatas have long since identified as an international organization rather than just an Indian company. They try to serve the community of whichever country they operate in
Interesting video. To add some more background: India was meant to export agraic goods to England and import industrial goods. Not even Britishers were allowed to import machinery and start industries. However the British were also free traders. So when Britain couldn't compete with US steel any longer the British didn't mind Indians producing their own steel. In the 1920s there was policy change. Many industries which were believed to be able to be competitive in the long run got protective tariffs limited to ten years. I believe this was partly because India helped Britain in WW1 and partly because education took off from very low levels from around 1900. Too many educated unemployed men. Plus some Britishers might have suspected that the Versailles treaties may cause trouble later. Even Churchill opposed Versailles. So good to have a strong India. And indeed India was an important party to WW2. However that last point I haven't read. Just my personal suspicion.
1. They were open to Western education. 2. They had strong connections. 3. They did not shy from going outside to learn new business ideas. 4. Many of them helped the British in early times to trade through mumbai.
Please also reference that the Tatas earned a vast majority of their fortune during the opium wars trading opium and tea with China. they say the roads of bombay are paved by the opium gold of the Tatas.
At 3:28 Iron pole never rusting.... Actually it did rust!! You can tell that my looking at the pictures you submitted. It formed a patina of iron oxide that protected the rest of it. Otherwise it would be bright and shiny. This is also why the Statue of Liberty is green instead of brown like the copper she is made from....
The video is fantastic as always, its staggering to find a combination of knowledge of physical processes, economics, history and financial research ( Im always impressed by the source of the data on steel prices and operating margins on a company one hundred years ago), so well combined into a whole 20m video. When you see developmental economics in university so much of the interdisciplinary aspects are overlooked but they are the crux of the problem, the combination of these factors are what makes many developmental plans fail in the periphery and even unlimited govt subsidy cannot change some aspects of the laws of physics (i was specially reminded by the early start of the steel production and how Mao wanted to produce steel at any cost ignoring quality and factors of scale in early chines development. Taking these into account, these various forces are essential for any kind of "complete" developmentalist understanding.
I worked in the welding and fabrication industry and no one in Europe was using Indian steel for civil engineering on saftey grounds until very recently, in ship building Indian built vessels were insured with a much shorter lifespan.
Other companies built brands but the Tatas built a nation. They gave us Tata Steel, technology institutes like the IITs,cancer research facilities,our first airline,etc.
I'm an Indian industrialist and whenever I hear any video related to jamashedaji Tata,,my heart beat stops and I get shivered thinking about great courage of this man
India didn’t build any steel factories by themselves. Indian gov paid American companies to build steel factories all around India. My uncle Joseph built steel factories after WW2 for 30 yrs. From the late 1950’s through the 1960’s and 1970’s my uncle and the company he part owned and worked in for many years building many steel factories in several cities around India. My uncle Joe would spend about 6 months building a factory in India while living in an Indian house that he rented. He even had an Indian girlfriend that did all the housework and cooking for him. I remember him telling me he and his company built steel factories all over India, including the cities of Mumbai, Bhilai, Jamshedpur, New Delhi, and Jajpur.
Not just American but soviet unicon, Germany and all other western countries. India missed the industrial revolution under British Raj. We had no other option
