“Take the stones people throw at you, and use them to build a monument.” – Ratan Tata
One of the most well- known and respected industrialists in India, Ratan Naval Tata Is the chair person of Tata Sons and Tata Group. At the age of 73,Tata heads one of the country’s largest conglomerates which comprises of nearly 100 firms with revenues as high as USD 67 billion. He is also the chairman of major Tata companies such as Tata Steel, Tata motors, Tata Teleservices, Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, and The Indian Hotels Company.
Birth
Tata was born on 28th December, 1937 in Mumbai, in one of the richest families. His great grandfather was Jamsedji Tata, found of the Tata Group. As a young boy, Tata had a disturbed childhood after his parents split. He was raised by his grandmother, Lady Navajbai in the lap of luxury at Tata Palace. America help a special fascination for the Tata Scion and he went to Cornell University to study architecture and structural engineering. Later he pursued a management course from Harvard University.
CAREER
Inn 1962, he joined the Tata Group and his first job involved working with the Tata Steel division in Jamshedpur, where he worked with the blue-collar employees shovelling stone and working with the furnaces. He was appointed the Director-in-Charge of the National Radio and Electronics Company Limited (NELCO) in 1971 and was successful in turning NELCO around.
CHAIRMAN Of TATA INDUSTRIES
Tata later paved his way to become the Chairman of Tata industries and was instrumental in ushering in a wide array of reforms. It was under his stewardship that Tata Consultancy Services sent public and Tata Motors was listed in the New York Stock Exchange giving it more International Power and Recognition. He is credited with leading the Tatas’ successful bid for Corus- and Anglo- Dutch steel and aluminium producer as well as Jaguar and Land Rover brands from the Ford Company.
During his tenure the company witnessed the launch of India’s first truly Indian car, ‘Indica’. The car was the brainchild of Tata. In 2000 Tata’s Food division acquired tea firm Tetley for GBP 70 million. In the year 2009-2010 the group’s revenues have grown nearly 12-fold, totally USD 67.4 billion. Tata also serves on the boards of Fiat SpA and Alcoa and is also on the International advisory boards of Mitsubishi Corporation, the American International Group, JP Morgan Chase, Rolls Royce, Temasek Holdings and the Monetary Authority of Singapore.
AWARDS
In the year, 2000, he was honoured with Padma Bhushan by the government of India. He was also conferred am honorary doctorate in technology by the Asian Institute of Technology, Bangkok, and an honorary doctorate in science by the University of Warwick. Tata has a personal fortune of GBP 300 million and owns less than 1% of the colossal group. Over two thirds of Tata Group is owned by Charitable trusts that finance good causes.
TATA AS AN EXAMPLE TO OTHERS
Tata set a perfect example of generosity and leadership during the 26/11 attacks. Unarmed he stood all alone outside the Taj hotel and supervised the activities to help the victims. He showcased his humane gesture by personally visiting the families of all the 80 employees who were killed or injured. He left no stone unturned to provide relief to the victims and even asked the families and dependents as to what they wanted him to do for them.
RETIREMENT PLANS
His retirement may still be an year away, but Tata has started chalking out plans on his post-retirement. He plans to set up a design centre of International Standards and Scale. He has led the development of many innovative designs and products, the most celebrated being Nano. The idea of Nano was born with his concern for the safety of nuclear families commuting on two-wheelers. He was the one who suggested that the miniature car should be fitted with just one windscreen wiper. This reduced its piece and maintenance cost.
His also steered plan to provide cheap and clean drinking water and helped a few Pune-based designers develop a sub-₹1000 water purifier, Swach. Design Director Private Limited room more than three years to make this 560-mm unit for purifying water.
A bachelor in real life, Tata loves privacy and shun media spotlight. He has only CDs, books, dogs for company. The business baron drives himself to work in an unremarkable Tata Sedan.
Standing tall with his contemporaries with a staggering fortune and World recognition, Ratan Tata has amazingly never featured in the ‘Forbes Billionaires List’ because most of the fortune his donated each month to the needy.
“Deal with crisis in such a way that you can hold your head high and sleep well at night.”
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