Ratan Tata – Inspiring Journey
As a doyen of the Indian business establishment, Ratan Tata dons many a hats such as that of an entrepreneur, investor, and philanthropist. Recipient of India’s second highest civilian honour, Padma
|Name||Ratan Naval Tata|
|Date of Birth||December 28, 1937 (age 78), Surat|
|Parents||Sooni Tata, Naval Tata|
|Education||Cornell University, Harvard University|
|Spouse||Don't Have Specific Details|
|Childern||Don't Have Specific Details|
|Net worth||$ 70 Billion|
Vibhushan, Mr. Ratan Naval Tata remains the Chairman Emeritus of the respected Tata conglomerate. His long stint as the Chairman of Tata Sons, the holding company of Tata group saw the revenue and profit of the company grow exponentially. He was instrumental in expanding the footprint of Tata beyond the shores of India when it acquired Corus and Jaguar Land Rover in U.K. Importantly, one of the group companies started by him namely, Tata Consultancy Services remains country’s top revenue earner.
Born in a Zoroastrian family at Surat on 28th December, 1937, to Naval Tata and Soonoo Commisariat, young Ratan was raised up by his grandmother Lady Navajbai for his parents had separated.
As scion of the illustrious Jamshedji Tata, Ratan studied in Campion School Bombay, Bishop Cotton School in Simla and Cathedral and John Connon School.
Early life of The Successful Businessman
Ratan Naval Tata has been the alumnus of prestigious universities like Cornell and Harvard Business School, USA, wherein he acquired a Bachelor’s degree in Architecture and structural engineering and an Advance Management Programme. On his return to India in 1962 he joined Tata Steel as an apprentice on the advice of the then Chairman of Tata Group, the redoubtable JRD.
Career Starting of Ratan Naval Tata GBE
Ratan Naval Tata’s business acumen was severely tested when he was asked to be at the helm of National Radio and Electronics (NELCO) – a loss making company with a market share of just 2% and losses worth 40%. However, his stint in the company saw a turnaround in its balance sheet as its market share grew up to 25%. The hurrah didn’t last long though, as poor economic condition on account of National Emergency in 1971 saw the company nosedive once again. In 1991, he was appointed as the Chairman of Tata Group, a decision of JRD that did not go down well with many as they felt he was too inexperienced.
His stint as the Chairman of Tata Group saw the conglomerate move from strength to strength. He began by cutting flab or streamlining non profitable group companies, and diversified the group into new technology areas like IT. Under his leadership, India’s most successful IT Company, TCS came into being and many acquisitions took place like Tetley Tea, Corus Steel and Jaguar Land Rover.
These acquisitions expanded the company’s footprint beyond the shores of India and made Tata a truly global brand. Ratan Tata also led the group into small cars business with Indica and Nano becoming flagship models. He stepped down as the Chairman of Tata Sons in 2012 and became its Chairman Emeritus.
Achievements & Milestones
There are many firsts to the Tata Group that took place under the tutelage of Ratan Tata. Prominent among them are: Tata Consultancy Services going public and Tata Motors being listed on the New York Stock Exchange.
His main achievement was to turn around the Tata Group into a dynamic and cohesive business conglomerate from the earlier ‘corporate commonwealth’ of various group companies. He is the recipient of a legion of awards including GBE, and India’s second highest civilian honour, Padma Vibhushan.
Not much is known about Ratan Tata’s personal life except for his own admission that he came close to getting married four times.