Ratan Tata Biography

Ratan Tata Biography Ratan Naval Tata (born 28 December 1937, Mumbai) is the current chairman of the Tata group, India’s largest trading group, founded by Jamsetji Tata and extended by generations of his family.

Ratan Tata Biography
Ratan Tata Biography

Name: Ratan Naval Tata

Birth: 28 December 1937

Birth: Mumbai

Father: Naval Tata

Mother: Sonu Tata

Early Life

Ratan Tata was the son of Naval Tata, who was adopted by Nawazbai Tata after the death of her husband. Ratan Tata’s parents Naval and Sonu separated in the mid-1940s. At the time of separation Ratan was 10 years old and his younger brother was only 7 years old. He and his younger brother were both raised by their elder mother Nawai Bai Tata. Ratan Tata started school from Campion School, Mumbai and received his secondary education in the Cathedral itself and attended John Kenoun School. He completed his B.Sc in architecture. Also practiced Cumulative Engineering in 1962 from Cornell University and Advanced Management Program from Harvard Business School in 1975. Tata Alpha is also a member of Sigma Phi Fraternity. Ratan Tata believes that philanthropists should be viewed from a different perspective. Earlier philanthropists used to develop their institutions and hospitals whereas now they need to develop the country.

Sir Dorabji Tata, the elder son of Jamsetji Nuserwanji, who founded Tata and Sons in 1887, took over the company after his father’s death in 1904. But in 1932 he too went to the other world. But there was no one to handle the company at that time, as Sir Dorabji Tata had no children. Therefore, this time the company was given the command of his sister’s elder son Sir Nowroji Sakatwala.

Career

Before returning to India, Ratan worked for some time at Jones and Amons in Los Angeles, California. He started his career with the Tata group in 1961. In the early days he worked on the shop floor of Tata Steel. He then joined other companies of the Tata group. In 1971, he was appointed Director-in-charge of National Radio and Electronics Company (NELCO). In 1981, he was made the chairman of Tata Industries. In 1991, JRD Tata relinquished the position of chairman of the group and succeeded Ratan Tata.

On 28 December 2012, he retired from all executive responsibilities of the Tata group. He was succeeded by 44-year-old Cyrus Mistry. Although the Tatas are now retired, they are still working. On 28 December 2012, he retired from all executive responsibilities of the Tata group. He was succeeded by 44-year-old Cyrus Mistry. Although the Tatas are now retired, they are still working. Recently, he made his personal investment in India’s e-commerce company Snapdeal. Along with this, he has also invested in another e-commerce company Urban Ladder and Chinese mobile company Xiaomi.

Ratan Tata Tata started his career with the Tata group in 1961. For this, he was first sent to the Tata Steel Plant in Jamshedpur where he learned the nuances of the work with the artisans. In 1971, he became the director of Nelco Company, facing financial crisis. In 1991, JRD Tata announced Ratan Tata as his successor as the chairman of Tata Sons and handed over the entire charge to him. After taking over the Tata group in 1991, he has brought the company to such high heights that we are currently watching.

On 26 March 2008, he bought “Jaguar and Land Rover” from Ford Motor Company and started selling it in India. He was awarded the Padma Bhushan on 26 January 2000 and after this he was also awarded the Padma Vibhushan, the second major civilian award, in 2006. He was also awarded an honorary degree from the London School of Economics. In 2007, he was placed in the list of 25 most influential people in the world.

Award

  • 2006 Honorary Doctor of Indian Science Institute of Technology Madras.
  • 2005 Honorary Doctorwarwick University of Science.
  • 2005 International Distinguished Achievement Award.
  • 2004 Honorary Doctor of Technology Asian Indian Institute of Technology.
  • 2004 Medal of the Oriental Republic of Uruguay Government of Uruguay.
  • 2001 Honorary Doctor of Business Administration, Ohio State University.
  • 2008 Honorary Fellowship Institute of Engineering and Technology.
  • 2008 Honorary Civil Award by the Government of Singapore
  • Honorary Doctor of Indian Institute of Science, 2008 Kharagpur.
  • Honorary Doctor of Indian Institute of Technology, 2008, Mumbai.
  • 2008 Honorary Doctor of Law University of Cambridge.
  • 2008 Leadership Award Leadership Award.
  • 2007 Carnegie Medal of Philanthropy, Carnegie Endowment for International Peace.
  • 2012 Royal Academy of Honorary Fellow Engineering.
  • 2010 Business Leader Asian Award of the Year.
  • 2014 Honorary Doctor of Law University of New York, Canada.
  • 2015 Honorary Doctor Clemson University of Automotive Engineering

Idea

  1. Ups and downs in life are very important to move forward, because even in ECG, a straight line means that we are not alive.
  2. Power and wealth are not my two main principles.
  3. I will definitely not join politics. I would like to be remembered as a clean businessman who has not taken part in activities below the surface, and who has been quite successful.
  4. If it meets the test of public scrutiny, then do it… If it does not meet the test of public scrutiny, do not do it.
  5. I am constantly asking people to encourage people, to question what is not questioned, to not be ashamed to bring new ideas, and to tell me the new procedures for doing things.
  6. There are many things that I would probably do differently if I had a chance to live again. But I would not like to look back and see what I could not do.
  7. I would say that one thing that I want to do differently is to be more outgoing.
  8. No one can destroy iron, but he can rust his own! In the same way, no one can ruin a person, but he can do his own mindset.
  9. A hundred years from now, I want to see the Tata group bigger than it is now. More importantly, I hope that the group is considered the best in India .. the best in the way we operate, the best in the products we offer, and the best in our value systems and ethics. Having said this much, I hope that after a hundred years we will be able to spread our wings far beyond India.
  10. People’s Republic of China’s Political System can make things easier. Decisions are taken fast and results also come quickly. On the other hand, in our democracy in India, such things are very difficult.

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