Ratan Tata:Tata groups

Ratan Tata, is an Indian industrialist, philanthropist, and former chairman of Tata Groups,

Ratan Tata:Tata groups

Ratan Naval Tata, popularly known as RatanTata, is an Indian industrialist, philanthropist, and former chairman of Tata Sons. He was born in Bombay, India, on December 28, 1937. He served as chairman of the Tata Group from 1990 to 2012 and continues to lead the Tata Group's charity trusts despite having served as temporary chairman from October 2016 to February 2017. He served as chairman of the Tata Group, a conglomerate with headquarters in Mumbai.

 

He was educated at Cornell University in Ithaca, New York, where he received a B.S. in architecture (1962). He graduated from the Advanced Management Program at Harvard Business School and the Cornell University College of Architecture in 1975. He got expertise working for many Tata Group companies before being appointed director in charge of the National Radio and Electronics Co. in 1971. Ten years later, he was named chairman of Tata Industries.

After taking the helm, Tata aggressively pursued the conglomerate's growth, with an increased emphasis on its business's globalisation. The corporation paid $431.3 million for Tetley Tea, a company located in London, in 2000, and $102 million for Daewoo Motors' truck manufacturing operations in South Korea in 2004. When Tata Steel paid $11.3 billion for the massive Anglo-Dutch steel maker Corus Group, it completed the most significant corporate takeover by an Indian company.

 

In 2008, Tata Motors acquired Jaguar and Land Rover, two premium British automakers, from Ford Motor Company. The $2.3 billion deals were the biggest acquisitions made by an Indian automaker to date. The company debuted the Tata Nano the following year, a small, rear-engined, pod-shaped vehicle with a starting price of around 100,000 Indian rupees. The highly anticipated "People's Car" could seat up to five adults and, would offer millions of middle-and lower-income consumers both in India and abroad a "safe, affordable, all-weather form of transport," despite only being slightly more than 10 feet (3 meters) long and about 5 feet (1.5 meters) wide. Tata stepped down as chairman of the Tata Group in December 2012. After Cyrus Mistry, his successor, was fired in October 2016, he temporarily served as interim chairman. Tata was done for retirement in January 2017, after Natarajan Chandrasekaran was named chairman of the Tata Group.

 

Ratan Tata received the Padma Bhushan in 2000 and the Padma Vibhushan in 2008, the third and second highest civilian honours awarded by the Government of India. In 2021, He received the highest civilian award in Assam, "Assam Baibhav", for his exceptional contribution to furthering cancer care in Assam.

He was elected to the Carnegie Endowment for International Peace's Board of Trustees in 2013. Ratan joined the advisory board of Vani Kola's venture capital company, Kalari Capital, in February 2015.

Tata Sons fired Cyrus Mistry as chairman in October 2016, nearly 4 years after Cyrus Mistry assumed control of the more than $100 billion company. Ratan Tata made a comeback and served as the organization's temporary CEO for 4 months. Natarajan Chandrasekaran was appointed chairman of Tata Sons on January 12, 2017, a position he took on in February of the same year.

 

In an effort to change Tata from a mostly India-centric company, he persuaded Tata Tea to purchase Tetley, Tata Motors to purchase Jaguar Land Rover, and Tata Steel to purchase Corus, becoming a worldwide company. One of the biggest philanthropists in the world, he donates about 60–65 per cent of his revenues to charity.