COMMEMORATIVE COINS
1839-2014  175th BIRTH ANNIVERSARY JAMSETJI NUSSERWANJI TATA

      Jamsetji Nusserwanji Tata one of India's greatest pioneer and industrialist was born on 3rd March 1839 at Navsari in Gujarat. He graduated from Eliphinstone College in 1858 as a "green scholar". He began his business career at age of 29 by started a small trading firm with a capital of Rs.21,000/-. This was the foundation of the Tata group. During his lifetime Jamsetji set up textile mills and built the first modern hotel - the Taj Mahal Palace Hotel - for his beloved city of Bombay (now Mumbai). In 1892, his philanthropic principles led to the foundation of "J.N. Tata Endowment" for higher education of Indian students which provides funds regardless of caste or creed. He envisioned the setting up of three projects that were essential for economic progress and future development of India - they were steel, electric power and technical education combined with research which resulted in Tata Steel; Tata Power, and the Indian Institute of Science in Bengaluru. His anticipation of modern and scientific thinking, labour welfare, integrity, trusteeship, concern for environment are apt even today as they were in his time.

 

This list was prepared by Dr. Jinadatha

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