Meaningful story

Meaningful story

Ratan Tata: The Man Who Redefined Indian Industry

Ratan Tata is a legendary Indian industrialist who led the Tata Group, from 1991 to 2012, he know for: Leading Tata Group to global stage, Making Tata a very common name in every indian house, social welfare initiatives through the Tata Trusts.

Ratan Tata

He is the son of Naval Tata, who was adopted by Ratanji Tata, son of jamsetji Tata, the founder of the Tata Group. He graduated from the Cornell University College of Architecture, Art, and Planning with a bachelor’s degree in architecture.  He joined Tata in 1961, where he worked on the top floor of Tata Steel. In 1993 J.R.D Tata selected as a chairman of Tata sons. under his tenure the Tata group acquired Tetley, jaguar Land Rover and corus. Tata is also one of the largest philanthropists in the world, having donated around 60–65% of his income to charity. Ratan Tata is also a great investor and has made numerous investments in several startups. Tata has invested in over 30 startup up to date, most in a personal capacity and some via his investment company.

Early life of Ratan Tata

Ratan Tata born in Bombay during the british raj, into a Parsi Zoroastrian family, on 28 December 1937. He is the son of Naval Tata , who was born in Surat and later adopted into the Tata family, and Sooni Tata, the niece of Tata group founder jamsetji Tata. Tata’s biological grandfather, Hormusji Tata, was a member of the Tata family by blood. In 1948, when Tata was 10, his parents separated, and he was raised and adopted by Navajbai Tata, his grandmother and widow of Ratanji Tata. He has a younger brother Jimmy Tata and a half-brother, Noel Tata from Naval Tata’s second marriage with Simone Tata, with whom he was raised. He studied in Mumbai till the 8th class Tata enrolled in Cornell university from which he graduated with a bachelor’s degree in architecture in 1959. In 2008, Tata gifted Cornell $50 Million, becoming the largest international donor in the university’s history.

Work life of Ratan Tata

In 1971 he was appointed as a Director-in-charge of National Radio & Electorincs Company limited (NELCO) in order to help in struggling finances, J.R.D Tata appointed him as a new chairmen of Tata group of companies in 1991. During the 21 years Tata led the Tata Group, revenues grew over 40 times, and profit over 50 times.  In 2000 the group acquired London-based Tetley Tea for $431.3 million, and in 2004 it purchased the truck-manufacturing operations of South Korea’s  Daewoo Motors for $102 million. In 2007 Tata Steel completed the biggest corporate takeover by an Indian company when it acquired the giant Anglo-Dutch steel manufacturer Corus Group for $11.3 billion.

Ratan Tata celebrating his 86 birthday

In 2008 Tata Motors purchase of the elite British car brands jaguar and Land Rover from the Ford Motor Campany The $2.3 billion deal marked the largest-ever acquisition by an Indian automotive firm. The following year the company launched the Tata Nano, a pod-shaped vehicle with a starting price of approximately 100,000 Indian rupees, or about $2,000. In December 2012 Tata retired as chairman of the Tata Group. He briefly served as interim chairman beginning in October 2016 following the ouster of his successor, Cyrus Mistry. Tata returned to retirement in January 2017 when Natrajan Chandrshekarna was appointed chairman of the Tata Group.  Tata received the Padma Bhushan, one of India’s most distinguished civilian awards, in 2000.

Philanthropy

Tata is a supporter of education, medicine and rural developmeant, and considered a leading philanthropist in India.Tata supported University of New South Wales Faculty of Engineering to develop Capacitive deionization (CDI) is a method for purifying water by using electricity to remove ions. to provide improved water for challenged areas. Tata Hall is a 4-story building that spans over 128,000 square feet and houses research facilities for the biological and physical sciences. The building has state-of-the-art laboratories, offices, and meeting spaces that are designed to foster collaboration and innovation among researchers. It is a LEED-certified building, which means it is designed to be environmentally sustainable and energy-efficient.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top