Ratan Tata and his Groups

Who is Ratan Tata?

1. Ratan Tata - He was born in 1937 in India. He founded Tata Group, now known as TATA group. In 1947 he established Tata Steel in Jamshedpur, India. He became chairman of Tata Sons Ltd in 1990. He was also a prominent Indian industrialist, philanthropist, author, and art patron.

 2. He was awarded Bharat Ratna, the highest civilian award in India in 2001.

 3. He has been listed among Time's 100 Most Influential people.

 4. His net worth is estimated to be $13 billion dollars.

 5. He has lived in various locations including Mumbai and Pune.

 6. He has four children (Rajiv, Sanjay, Nita & Tina).

 7. His father's name was Sir Jamsetjee Jejeebhoy.

 8. He married into the business families of the Mistry family and the Bhaskarrao Chougule family.

 9. He was awarded Padma Shri, the fourth-highest honor, by the Government of India in 2012.

 10. He has written two books titled 'My Life' and 'The Man who would not die.

 11. He received Bharat Ratna, India's second-highest civilian honor, in 2016.

 12. He has been rated as India's richest person several times since 2000.

 13. He has visited over 40 countries.

 14. He has played golf for more than 50 years.

Childhood and early life

 Ratan Tata was born in 28 december 1937 in surat,India,to Naval Tata and Sonoo.Naval Tata was the adopted son of the Jamsetji Tata’s younger son Ratanji Tata.Jamsetji Tata was the founder of the Tata group of companies.Ratan Tata has a brother Jimmy,and a Step-brother,Noel Tata. When he was ten,his parents,got separated and thereafter,he and his brother were brought up by his Grandmother,Navajbai Tata.He received his early education from the campion school,Mumbai and finished his schooling from the cathedral and John Connon school,Mumbai.In 1962,he obtained his B.S.in architecture with structural engineering from cornell University,U.S.A.

Later he got enrolled at the Harvard Business School and completed an Advanced Management Program in 1975.

   Career

 In 1962, Ratan took charge as the general manager of Tata Iron & Steel Company Ltd. years After that, he was promoted to the post of chief executive of the same. In 1990, he was the president and managing director of Tata Sons Ltd.,In 1971,he was appointed as the Director-in-charge of the National Radio and Electronics company Limited (NELCO)in order to help its struggling finances.He worked towards building a better consumer electronics division but the economics recession and union strikes prevented him from achieving success.

In 1977,he was moved to express Mills,a struggling textile mill within the Tata group.He proposed a plan for the mill but the other Tata executives rejected it and the mill was shut down.Later,he was moved to the Tata Industries.

He succeeded in improving the financial success of the industries and expanded the growth of the organization under his leadership.He transformed the management and vision of the division,and managed to bring in significantly larger dividends.

He also holds the membership of the International advisory board of the Mitsubishi Cooperation,the American International Group,JP Morgan Chase and Booze Allen Hamilton.

Major works

As the Chairman of Tata Group,he was able to achieve international recognition and prestige for his company.The astounding financial success of the company brought the Tata Group to the New York stock exchange and under his supervision the corporation became a global brand by acquiring many companies including Tetley,Jaguar land Rover,and Corus.

He was instrumental in the conception and building of Tata Nano and Tata Indica cars.

He is also a notable philanthropist and more than 65%of his share is invested in charitable trurts.One of the primary goals of his life has been to raise the quality of life of Indians along with human development.

Awards and Achievements

In 2000, he was conferred the Padma Bhushan, the third highest civilian honor awarded by the Government of India.

In 2004, he received the ‘Medal of the oriental Republic of Uruguay’from the Government of Uruguay.

In 2005, he was conferred the ‘International Distinguished Achievement Award by the B’nai B’rith International.

In 2007, he has conferred the Honorary Fellowship of The London School of Economics and Political Science.

In 2008,he was awarded the ‘Padma vibhusan’,the second highest civilian honor awarded by the Government of india.

In 2010,he won the ‘Oslo Business for Peace Award’Presented by the Business for Peace Foundation.

In 2014,he was conferred the ‘Honorary Knight Grand Cross of The Order of the British Empire.

Tata group

1. Tata Steel - India's largest producer of steel

 2. Tata Motors - One of the world's biggest automotive company

 3. Tata Chemicals - A leading manufacturer of chemicals worth over Rs 20,000 crore

 4. Tata Consultancy Services - Top software company in Asia

 5. Tata Global Beverages - A $600 million market cap company

 6. Tata Power Solar - World's fifth-largest solar power producer

 7. Tatas have been ranked the third best brand in India by Brand Trust Report 2017

 

  Other Facts

 He was knighted in 1994 for his contributions to the industry in India. He was also honored with the title of Sir Ratan Tata.