Tata Iron and Steel Company became the first Indian company to issue shares to the public. At that time, the Tata family owned 11% of the total shares of the Tata Iron and Steel Company.
The Indian Institute of Science was a first of its kind institute in Asia and over the years it has generated world renowned scientists. Nobel Laureate Sir CV Raman was the Institute’s first Indian Director.
Sir Ratan Tata noted in his will, ‘If I have no children, I give the rest of the residue of my property … for the advancement of education, learning and industry in all its branches including education in economy, sanitary science and art or for other works of public utility…’
Over the years, The National Metallurgical Laboratory, the National Centre for the Performing Arts (NCPA), the Tata Institute of Social Sciences (TISS), the Indian Institute of Science (IISc), Bangalore, the Delhi School of Economics and Bombay University have benefited from the funds disbursed by the Sir Ratan Tata Trust.
Sir Dorabji Tata, with the help of Dr A G Noeheren, the then Director of the YMCA, established the Indian Olympic Association in 1927, becoming the Founder President and Secretary General respectively of IOA.
The building which is now known as the Ratan Tata Institute was donated by Lady Navajbai Tata to the Stri Zarthosti Mandal which needed space to expand its work of financially uplifting poor and needy Parsi women.
Sir Dorabji Tata did not have an heir and when he passed away in 1932, he left his entire fortune to a non-communal multi-purpose trust. He also donated all his belongings, including his late wife’s Jubilee diamond which was two times larger than the Kohinoor and also his smallest pearl-studded tie-pin.
Instead of only establishing a radium wing at a hospital in Bombay as Sir Dorabji had envisaged, the trustees of the Sir Dorabji Tata Trust decided to start a high-grade institution for the treatment of cancer. Governor, Sir Roger Lumley who inaugurated the hospital in 1941 called it the ‘first large contribution of India to the international fight against cancer.’
During this year the Trust underwent exponential growth and hence decided to use the funds for the betterment of the nation and of society.