In the early 1870s, Jamsetjji Nusserwanji Tata founded the Central India Spinning, Weaving and Manufacturing Company. Over the following three decades, J.N. Tata would create one new company after another. Tata gave India its first steel company, hydroelectric plant, textile factory, shipping line, and cement factory. Later generations of the Tata family would found India's first automobile manufacturer, first domestically owned bank, first chemical company, and Air India, the nation's first airline, which was later nationalized by the Indian federal government.