The founder of the Tata group, Jamsetji Tata set up the Taj Mahal hotel in 1903, only one of his four dreams that saw fruition during his lifetime.
As the tale goes, his sisters chided him by asking, “Are you really going to build a bhatarkhana [eating house]?” But he persevered and the Taj Mahal hotel was completed by 1903, boasting of the finest luxuries at that time, and built in the typical cosmopolitan ethos of Bombay.
The airlines of the Tata group owe their inspiration to another Tata stalwart, JRD Tata who founded Tata Airlines in 1932. The airline was later christened Air India and was nationalised in 1956.
Today, the group's companies in the tourism and travel segments cater to individual and business customers across all facets.
Business Highlights for FY 2017-18
- IHCL halved its debt and turned profitable after a gap of three years.
- Vistara intends to commence international operations post receipt of its requisite regulatory approvals. The airline plans to add 56 new aircraft to its portfolio over time to scale up the operations
- AirAsia (India) crossed the 10-million-passengers milestone