By : Trivikram Nath Pandey Jamsetji Tata was born on March 3 , 1839 , in the sleepy town of Navsari in Gujarat . He was the first child and only son of Nusserwanji Tata , the scion of a family of Parsee priests . In 1868 , aged 29 and wiser for the experience garnered by nine years of working with his father , a merchant banker , Jamsetji Tata started a trading company with a capital of Rs21 , 000 . Jamsetji Tata was an inveterate traveler . Many of his business ideas were born during his travels , and he was quick to bring back to India the technologies he saw abroad . On January 1 , 1877 , the day queen Victoria was proclaimed empress of India , the empress mills came into existence in Nagpur . At the age of 37 , Jamsetji Tata had embarked on the first of his fantastic odysseys . Bombay ( captured here at the turn of the 20th century ) found an enduring place in Jamsetji Tata ’ s heart . He loved the city , which he had made his home as a 14 - year - old , and he did plenty to benefit it . Jamsetji Tata was an inveterate traveler. Many of his business ideas were born during his travels, and he was quick to bring back to India the technologies he saw abroad. Jamsetji Tata and the three men who , together , formed the nucleus of the Tata group during the patriarch ’ s lifetime : cousin RD Tata ( centre ) and sons Ratan Tata ( standing ) and Dorab Tata ( right ). This 1930s photograph shows the Taj Mahal Hotel in Mumbai , with the Gateway of India in the foreground . Legend has it that Jamsetji Tata set his mind on building it after being denied entry into one of the city ’ s hotels for being an Indian .
By the time of its completion in 1903 , the Taj had
cost Rs4 . 21 crore . Soaked in luxury , it was the first building in Bombay to use electricity . Milestones vIn 1868 Jamsetji Nusserwanji Tata starts a private trading firm , laying the foundation of the Tata group .
vIn 1874 The Central India Spinning ,
Weaving and Manufacturing Company is set up , marking the group's entry into textiles and its first large - scale industrial venture .
vIn 1902 The Indian Hotels Company
is incorporated to set up the Taj Mahal Palace and Tower , India's first luxury hotel , which opened in 1903 . Milestones as predicte §In 1907 The Tata iron and steel company by his elder son Sir Dorab Tata .
§In 1911 The Indian Institute of
Science , set up in Bangalore , would nurture some of the brightest minds in India .
§In 1910 Hydro - electric Project
at Bombay is an example of his foresightedness . Jamsetji ’ s Family
This undated image , probably taken
towards the end of Jamsetji Tata ’ s life , shows the patriarch with his wife Heerabai , his sons Dorab Tata ( extreme left ) and Ratan Tata , and his daughters - in - law . t i o n t e n o r At k s f Th a n