Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising over 100 independent operating companies. The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust'.
Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture. In 2016-17, the revenue of Tata companies, taken together, was $100.39 billion. These companies collectively employ over 695,000 people.
Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors and shareholders. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of about $130.13 billion (as on March 31, 2017). Tata companies with significant scale include Tata Steel, Tata Motors, Tata Consultancy Services, Tata Power, Tata Chemicals, Tata Global Beverages, Tata Teleservices, Titan, Tata Communications and Indian Hotels.
For more information, please visit tata.com.
The new millennia has witnessed a quantum leap in technological advancements, so much so that many problems that were difficult to solve earlier are now easy to crack. Tata companies are faced with many such challenges and to solve them the expertise of talented people is needed, many of whom do not work for us.
Through Tata Innoverse we are aiming to tackle this problem by reaching out to talented people (solvers) globally and providing them a platform to demonstrate their skills and creativity to develop novel solutions to solve real world industry challenges. When the solvers participate in Tata Innoverse everybody gets benefitted. As Tata companies we get novel solutions to our problems and the solvers, in addition to getting rewarded, get the freedom to solve as many challenges from as many companies. They are not bound to any one particular company. This way they get to keep their creative juices flowing constantly.
Tata Innoverse is based on the principles of Open Innovation. The main objective is based on the fact that not all the talented people work for us and we cannot only rely on our internal capabilities to solve all our problems. With this objective, through Tata Innoverse, we are calling all the talented people globally to take a look at our challenges and participate in solving them. All the solutions that get selected, get implemented and the solution providers get rewarded.
As of now, we have a diverse community of more than 30,000 solvers who have registered on Tata Innoverse from different nooks and corners of the world. The solutions submitted by these solvers have helped us to crack ~40 challenges and all of these solutions are in different phases of implementation. The solvers also got rewarded, so much so that they have now become our trusted technology partners.
So come join us in solving our problems and experience the benefits of partnering with us.
For more information, visit tatainnoverse.com.