J.N. Tata Established in 1907 1902: J.N. Tata seeks the help of geologist Charles Page Perin to identify a site rich in resources such as iron and coal, to build India's first steel plant. The search starts in what is now Madhya Pradesh 1907: The team finally chooses Sakchi village in present-day Jharkhand, which has since grown into the steel town of Jamshedpur 1908: The plant becomes operational 1920: Company introduces leave with pay. It became mandatory only in 1945 1928-29: Company introduces maternity benefit scheme 1934: Becomes the first company in the country to grant profit-sharing bonus 1938: After the deal J.R.D. Tata succeeds N.B. Saklatvala as Chairman of the company Russi Mody 1984-85: Russi Mody takes over as new chairman. J.R.D. Tata becomes Chairman Emeritus 1992: J.J. Irani becomes MD Ratan Tata 1993: Russi Mody is ousted. Ratan Tata takes over 2005: Tata Steel acquires Singaporebased Nat Steel Tata Steel wins the bid for European steel maker Corus 2007: Tata Steel wins the bid for European steel maker Corus. Ratan Tata after the deal