Today is the 179th birth anniversary of Jamsetji Tata, father of Indian industry

Jamsetji Tata was only 29 in 1868 when he started a trading firm with Rs 21,000. A year later he acquired an oil mill in Mumbai’s Chinchpokli and converted it into a cotton textile mill. In 1871, he would sell it for a profit to a local businessman.
In Nagpur, he started the Central India Spinning, Weaving and Manufacturing Company, with a seed capital of Rs 1.50 lakh and by 1877, the Empress Mills commenced. This was the beginning of the Tata Group.
“The period following the establishment of Empress Mills was the most significant of Jamsetji’s busy life. From about 1880 to his death in 1904, Jamsetji was consumed by his three great ideas for India: setting up an iron and steel company, generating hydroelectric power, and creating a world-class educational institution that would tutor Indians in the sciences.’’
The philanthropist donated half of his personal wealth (14 buildings and four landed properties in Bombay) towards the creation of the Indian Institute of Science in Bangalore.
Just before his death in 1904, Tata exhorted his followers: “If you cannot make it greater, at least preserve it. Do not let things slide. Go on doing my work and increasing it, but if you cannot, do not lose what we have already done.’’
His son Dorab Tata, would later say about his father: “To my father the acquisition of wealth was only a secondary object in life; it was always subordinate to the constant desire in his heart to improve the industrial and intellectual condition of the people of his nation.”
Source: Tata Archives
(Today is the 179th birth anniversary of Jamsetji Tata, father of Indian industry)