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Since I was a little boy, my dad would often repeat a mantra: "Tata will become India's 1st MNC. Just you wait and watch!" As happy and proud as that made me feel, I didn't really believe him. How could I? This was in the days when India was still smitten with outdated Ambassador cars, outdated Colgate toothpaste, outdated Cadbury chocolates, outdated Horlicks milk powder, outdated Bata shoes and best of all, outdated Doordashan TV programming. Amidst all this socialism, import-substitution and downright mediocrity, how could anyone have the audacity to predict an Indian MNC? Not even the great House of Tatas could escape the general mood of skepticism. Or could they?

The Tata Group is one of India's oldest & largest business conglomerates. It was founded in 1868 by Jamsetji Tata (right) as a trading company and since then it has grown leaps and bounds.

( The Tata Group has always set itself apart )

Tata Steel wins race for Corus
Five Pence Gives India a Pound of UK!

If you cannot recognize this man now, it's about time you did. Ratan Tata is the head of the more than century-old Tata Group and on Wednesday, his company made Indian business history. Tata Steel, the flagship company of the Tata Group made the largest ever foreign acquisition by an Indian company. Tata Steel is only the 56th biggest steel producer in the world but it managed to upstage its Brazilian competitor in a fierce contest spanning three months to takeover the world's 9th largest steel company. Together, the merger has the potential to create the 5th largest steel company in the world, and now, 2 of the Top 5 steel companies in the world are run by Indians.

India Inc, take a bow. The world is watching and perhaps not convinced; and maybe it was overpriced... but one thing is for sure: We Have Arrived.