Darbari Seth, long-time chairman or Tata Chemicals and Tata Tea (Now Tata Global Beverages) retires
Lakme and Hindustan Unilever forms 50:50 JV Lakme Lever
Tata Teleservices is set-up for group foray into telecom services.
Lakme brand and assets acquired by Hindustan Unilever
Ajit Kerkar, long-time chairman of Indian Hotels, forced out
Ratan Tata becomes chairman of all key Group companies
Tata Indica, India's first indigenously-developed passenger car, launched
A unified group logo launched and all group companies asked to pay royalty for using Tata name. Legal ownership of Tata name vested with Tata Sons
Tatas acquires UK-based retailer and merges it with erstwhile Lakme and renames it Trent Ltd. Launches Westside, India first chain of department stores
Tata Safari launched
Merind, the group pharma company sold to Wockhardt
Voltas demerges its white goods and domestic refrigerator into a JV controlled by Electrolux.