Ratan Tata Biography
Who is Ratan Tata?
Ratan Naval Tata (born 28 December 1937, Mumbai) is the current president of the Tata group, India's largest trading group, founded by Jamsetji Tata and extended by generations of his family. They are famous all over the world for making the world's smallest car. He took the Tata group to a new height with his intelligence and ability. Ratan Tata Ji as the Chairman of the Tata Group has also brought laurels to the Tata Group in India and abroad.
Personal Information | |
|---|---|
| Name | Ratan Tata |
| BirthDay | 28 December 1937 |
| Age | 83 |
| Birth Place | Bombay, British India |
| Nationality | Indian |
| Occupation | Business |
| Citizenship | India |
| Parent's | Naval Tata and Sonoo |
| Height | 1.77 m |
| net Worth | $103 billion (2020) |
In the year 2020, he has also donated a large amount of money to help people infected with Coronavirus (COVID – 19). He is counted among the richest people in the world, so let us know the important things about the life and success of the great industrialist Ratan Tata.
Early Life
Ratan Tata was the son of Naval Tata, and 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 just 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 at Campion School, Mumbai and received his secondary education in the Cathedral itself, and attended John Cannon School.
In the same architecture, He completed his B.Sc education. 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 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 in 1904 after the death of his father. 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. So this time, the company was given the command of his sister's elder son Sir Nowroji Sakatwala.
Ratan Tata's struggle and success
Ratan Tata was appointed Director in charge of National Radio and Electronics Company (Nelco) in the year 1971. At that time the financial condition of this company was very bad. After which Ratan Tata, on the strength of his ability, not only raised the NELCO company from loss but also increased the stake by 20 percent.
However, when Indira Gandhi's government imposed an emergency in the country, due to the economic downturn, a lot of trouble had to be faced. Not only this, Tata faced a union strike in 1977, which later led to the closure of the Nelco company.
A few months later, Ratan Tata was given the responsibility of Empress Mills, a textile mill. At the time, this Tata group company was also going through a loss. After which Ratan Tata tried to handle it a lot and requested to invest for its modernization, but the investment could not be completed and during that time It also suffered due to a lack of demand for coarse and medium cotton fabrics in the market.
Then it was discontinued after some time. But Satan was not satisfied with the Tata Group's decision. A few days later, in 1981, JRD Tata announced Ratan Tata's ability to make him the successor to Tata Industries.
However, Ratan Tata was also opposed at the time for not having much experience. However, later in 1991, Ratan Tata was given the responsibility of Chairman of Tata Industries and its other companies. Ratan Tata's ability and competence touched new heights in the Tata group. Never before in history has the Tata group reached such heights.
Under his chairmanship, the Tata Group established many important projects and gave a new identity to the Tata group not only in the country but also abroad. Under the efficient leadership of Ratan Tata, Tata Consultancy Services issued a public issue and Tata Motors was listed on the New York Stock Exchange.
In 1998, Tata Motors introduced the first fully Indian passenger car - Tata Indica - to the market. After this Tata Tea successfully acquired Tetley, Tata Motors 'Jaguar Land Rover' and Tata Steel 'Corus Group', which increased Tata Group's credibility in the Indian industry. Along with this, Ratan Tata also became an iconic figure in the business world. Under the leadership of Ratan Tata, the Tata Group became the fifth-largest steel-producing institution in the world.
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 received the National Radio and Electronics Appointed director in charge of the 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 engaged in work. On 28 December 2012, he retired from all executive responsibilities of the Tata group. He was succeeded by 44-year-old Cyrus Mistry. However The Tatas are now retired, yet they continue to work. 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.
In 1961, Ratan Tata started his career with the Tata group. For this, he was first sent to the Tata Steel Plant in Jamshedpur where he learned the nuances of the work in collaboration with the artisans. In 1971, he became the director of Nelco Company, facing a financial crisis in those days. In 1991, JRD Tata As chairman of Tata Sons, Ratan Tata has declared his successor 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 on the list of 25 most influential people in the world.
Ratan Tata's achievements
Ratan Tata is an active activist of the Indian AIDS Program Committee. They have been making every effort to stop this in India. Ratan Tata is a member of the Prime Minister's Trade and Industry Committee and is also on the Advisory Committee of RAND Center of Asia. Not only in the country but also abroad, we see a lot of names of Ratan Tata.
Ratan is also a member of the Tata Mitsubishi Co-operation's International Advisory Committee and along with him, he is part of the American International Group J.P. Morgan Chase & Buzz is also involved in Alan Hamilton. Looking at his fame, we also can say that Ratan Tata is a well-known figure.
Award
• 2006 Honorary Doctor of Indian Institute of Science, Madras
• 2005 Honorary Doctorwarwick University of Science
• 2005 International Distinguished Achievement Award
• 2004 Was honorary Doctor of Technology Asian Indian Institute of Technology
• 2004 Was medal of the Oriental Republic of Uruguay Government of Uruguay
• 2001 Was honorary Doctor of Business Administration, Ohio State University
• 2008 Honorary Fellowship Institute of Engineering and Technology
• 2008 Honorary Citizen AwardSingapur Government
• 2008 Honorary Doctor of Indian Institute of Science, Kharagpur
• 2008 Honorary Doctor of Indian Institute of Technology, 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 Fellowengineering
• 2010 Business Leader Asian Award of the Year
• 2014 Was 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 might do differently if I get a chance to live again. But I would not like to look back and see what I was not able to 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.