2015 - Jamsetji Nusserwanji Tata | Commemorative Coin

The first commemorative coin for the year 2015 was released on occasion of 175th Birth Anniversary of Jamsetji Nusserwanji Tata.
Jamsetji Nusserwanji Tata (3 March 1839 – 19 May 1904) was an industrialist and visionary who laid the foundation for the Tata Group, India's preeminent conglomerate. Born into a Parsi Zoroastrian family in Navsari, part of the princely state of Baroda, Jamsetji Tata is hailed as the legendary "Father of Indian Industry."

Working in his father's company until the age of 29, Jamsetji embarked on his entrepreneurial journey by founding a trading company in 1868 with a capital of Rs. 21,000. Notably, he acquired a struggling oil mill in Chinchpokli in 1869, transforming it into a profitable cotton mill named Alexandra Mill. After selling the mill for a profit, he established another cotton mill in Nagpur in 1874, naming it Empress Mill to coincide with Queen Victoria's proclamation as Empress of India on 1 January 1877.

Throughout his life, Jamsetji Tata dedicated himself to four ambitious goals: the establishment of an iron and steel company, a world-class educational institution, a distinctive hotel, and a hydro-electric plant. While only the hotel materialized during his lifetime, the Taj Mahal Hotel at Colaba waterfront in Bombay, inaugurated on 3 December 1903, stood as a testament to his vision. Pioneering in its time, the Taj Mahal Hotel, costing 42 million rupees, was the first hotel in India to be equipped with electricity.


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