Ratan Tata: a business tycoon with a heart and a vision

Ratan Tata or Ratan Naval Tata was born to a Zoroastrian family in Surat, on 28th December 1937. He was the son of Sonoo and Naval Tata. Sonoo and Naval Tata had separated when Ratan Tata was only ten years old.

Ratan Tata has a younger brother named Jimmy Tata, and a Half Brother named Noel Tata. Jimmy and Ratan Tata were raised by their grandmother Navajbai Tata. Ratan did his schooling from Campion School, Bombay and secondary school from Cathedral and John Connon School. Ratan Tata is a structural engineer from Cornell University and an Advanced Management Program Graduate from the Harvard Business School, both in the USA.

Starting on careers

Ratan started his career on the shop floor of Tata Steel LTD, a company owned by his family, shoveling limestone into a blast furnace. In 1991 J.R.D. Tata declared Ratan as his successor. Under the leadership of Ratan Tata, Tata group acquired Tetley Tea, Jaguar Land Rover Motors and Corus steel. It was these ventures that made an India-centric company a global tycoon.

Ratan Tata is the mastermind in the production of the cheapest passenger car in the world by the name of Tata Nano. The concept of Nano was hailed as a revaluation in the car industry; as it was denoted as 1Lakh Car or a 1000 Pound Car.

Board memberships

Ratan Tata, even though as official retired from all his posts, is still the chairman Emeritus of Tata Sons. He still continues to hold his position as a chairman of the two Tata Trusts by the name of Sir Dorabji Tata Trust and Sir Ratan Tata Trust. He is the member of P.M’s council of trade and industry and National Manufacturing Competitiveness Council. He is one of the juries of the Pritzker Architecture Prize. Ratan Tata is the director of the boards of Alcoa Inc., Mondelez International and Board of Governors of East-West Centre. He is not only a member of Harvard Business School India Advisory Board but also the Advisor to Dean of Harvard School of Business. Quite recently, Tata also had the vision to support start-up companies, as he decided to handpick and invest in a few of them.

Achievements

Following are the achievements that Tata group achieved during the illustrious career of Ratan Tata as the chairman and during his tenure in the company.

1. In 1998 Tata Motors launched its first passenger vehicle, Tata Indica which soared to top position in its class segment within two years
2. In 2000 Tata Beverages took over Tetly Group, the world’s 2nd largest tea manufacturer
3. In 2001 Tata along with American International Group launched their insurance company
4. In 2002 Tata acquire the controlling stakes of first Indian PSU VSNL
5. In 2003 Tata Consultancy Services became the first Indian company to cross $1 billion revenue
6. In 2004 Tata Motors got listed on the NYSE. The company also owned the heavy vehicles unit of Daewoo Motors in the same year.
7. In 2007 Tata Steel acquired Corus, the 2nd largest steel company in Europe
8. In 2008 Tata Motors unveiled Nano, the cheapest passenger car.
9. In 2008 Tata Motors acquired Jaguar and Land Rover businesses from Ford.
10. In 2012 Tata Global Beverages and Starbucks formed a joint venture, Tata Starbucks Ltd.

Awards

Ratan Tata has not only won the Honorary Padma Bhushan in 2000 and Padma Vibhushan in 2008 but also won multiple honorary awards from multiple national and international institutes and organizations

Retirement

 

When Ratan Tata stepped down from being the Chairman and C.E.O of Tata group on 28th December 2012, he declared Cyrus Mistry as his successor. Even after his official retirement, Ratan Tata is still controlling quite a few sectors of the group. Ratan Tata is still a business tycoon who not only invested his personal savings in Snapdeal but also acquired a stake in Chinese smartphone company Xiaomi.

Final word

Tata is a man of his word, his honest way of doing business and his style and finesse have brought him accolades all over the world. Tata’s dedication to work and workspace, and also towards his employees and his fellow countrymen and women, has been noted on various occasions.

He has always put his company, his family name, the country and his fellow employees first; more than anything.

Gaurab Sinha

Gaurab is a Enterprise Content Manager at Blastistic.com, Sportskeeda and likes to wrote about lifestyle,food, startups and trends in the market

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Gaurab Sinha

Gaurab is a Enterprise Content Manager at Blastistic.com, Sportskeeda and likes to wrote about lifestyle,food, startups and trends in the market