ABSTRACT
The Tata & Sons group and all the separate companies are both controlled by Tata family and their Parsi network that includes Cyrus Mistry's family. Into China, United Kingdom and USA, Tata Consultancy Services, Tata Chemicals, Tata Steel and Tata Motors are driven by capital markets overseas. Tata maintained strict family ownership despite quotation on the Bombay Stock Exchange and later abroad. Despite economic nationalism under Nehru, Tata only lost Air India and Tata Insurance and retained all other manufacturing giants, including steel. Tata's ambitious acquisition programs after 1991 necessitated a higher rate of investment, leading to reduction reducing in their stake while securing floatation on foreign stock exchange. The chapter investigates the unique nature of the Indian Information technology industry is unique, particularly when it comes to innovation, where India scores high in comparison with other Asian economies. India must pursue its own distinctive pathway and not imitate Silicon Valley.
