Business Career
Dorabji was intimately involved in the fulfilment of his father's ideas of a modern iron and steel industry, and agreed to the necessity for hydroelectric electricity to power the industry. Dorab is credited with the establishment of the conglomerates Tata Steel in 1907 and Tata Power in 1911, which are the core of the present-day Tata Group. Dorabji is known to have personally accompanied the mineralogists who were searching for iron fields, and it is said that his presence encouraged the researchers to look in areas that would otherwise have been neglected. Under Dorabji's management, the business that had once included three cotton mills and the Taj Hotel Bombay grew to include India's largest private sector steel company, three electric companies and one of India’s leading insurance companies. Founder of New India Assurance Co Ltd. in 1919, the largest General Insurance company in India. Dorabji Tata was knighted in January 1910 by Edward VII, becoming Sir Dorabji Tata.
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