Ratan Tata: Despite growing up in a luxurious house, Ratan Tata was very gentle and humble. This quality of his took him to the top in his life. Ratan Tata became the patriarch of the Tata Group, which operates in more than 100 countries on six continents, and has companies in every sector of society. Which includes energy, automotive, engineering and IT communication. More than 800,000 employees work in Tata companies. The combined market capitalization of the 29 publicly listed Tata enterprises is US$403 billion. Ratan Tata, Son of Naval Tata, adopted grandson of Tata Group founder Jamsetji Tata. Were. In this respect he was an integral part of the Tata family. When it came time to choose JRD’s successor, Ratan Tata was the most qualified person to replace him.
Despite having degrees in architectural and structural engineering from Cornell University and qualifications such as the Harvard Advanced Management Program, Ratan Tata began his career in 1962 working for Telco (now Tata Motors) and then Tata Steel. Where he excavated limestone and worked as a team member in the blast furnace. By 1981, Ratan Tata became the chairman of Tata Industries and JRD’s successor. From 1991 until his retirement in 2012, he remained the chairman of Tata Sons, the holding company of the Tata Group. During his tenure, the group’s revenues grew, totaling more than US$100 billion in 2011–12.
Gave new heights to business
As a visionary, under his guidance the company became known for its ‘reverse colonialism’ as it acquired tea company Tetley in 2000 for US$407 million, Anglo-Dutch Corus Group in 2007 for US$12 billion and in 2008 Jaguar Land Rover was bought in 2017 for US$2.3 billion. The company also bought hotels, chemical companies, communications networks and energy providers around the world. Acquiring and turning around companies has been a hallmark of Tata’s business career and under his guidance the Tata Group’s fortunes have grown significantly. Jamsetji Tata started the family business by starting a trading company in 1868. After this he opened a textile mill. It later became the largest business group in the country.
Grandmother took care of me
Born in a Parsi family on 28 December 1937 in Bombay, British India (present-day Mumbai), Ratan Tata was the son of Naval Tata and Suni Commissariat. When Ratan Tata was 10 years old, his parents separated. He was then formally adopted by his grandmother Nawazbai Tata through the JN Petit Parsi Orphanage. Ratan Tata was raised with his half-brother Noel Tata (son of Naval Tata and Simon Tata). Ratan Tata was educated at Campion School, Mumbai, Cathedral and John Connon School, Mumbai, Bishop Cotton School, Shimla and Riverdale Country School, New York City. He was an alumnus of Cornell University and Harvard Business School. Ratan Tata breathed his last today on 9 October at the age of 86.
remain unmarried throughout life
When making a career in a family business, the pressure to produce an heir is often immense, but Ratan Tata resisted this need and remained celibate. Many have speculated on the reasons for his being unmarried, often blaming his parents’ broken marriage. But he had revealed that he once had plans to get married. “After college, I got a job at an architecture firm in LA (Los Angeles), where I worked for two years,” he wrote in a post for the Facebook page ‘Humans of Bombay’. I fell in love and was almost going to get married. But at the same time, I decided to come back (to India), at least temporarily. Because I was away from my grandmother, who was very ill for almost seven years. So I came back to meet her and thought that the person I wanted to marry would come to India with me, but due to the 1962 (China-India) war, her parents did not agree with her move, and the relationship broke down. Went.”
Suffered the pain of parents’ divorce
Although it may seem strange for a young man to choose his grandmother over a love marriage, Ratan Tata had great respect for his grandmother. The consequences of his parents’ divorce brought him pain and heartache, but the lessons it taught him became a part of his character. He wrote, “Soon after my mother remarried, the boys at school started saying different things about us. But my grandmother taught us to maintain dignity at all costs, a value that remains with me to this day. “This included staying away from situations that we could otherwise fight against.”
did not compromise on principles
However, there were many such occasions when Ratan Tata fought by sticking to his words. He resigned from running the company in 2012 at the age of 75, as per the firm’s constitution. After that a new president was needed. Cyrus Mistry was chosen because his father, Pallonji Mistry, also belonged to the same clan, which owned 18.5 percent of the Tata business. Marrying into the Tata family (Cyrus’s sister Aloo had married Tata’s half-brother Noel), it seemed like a perfect fit.
Cyrus was fired
The centuries-old relationship between the two families soured when Cyrus was dismissed in 2016. Cyrus claimed that he was removed unfairly. He criticized both the structure of the company and Ratan Tata and the matter reached the Supreme Court. Where the judge ruled in favor of Tata Group. Ratan Tata was pleased with the verdict, saying he was acquitted after “continued attacks on my integrity and the ethical conduct of the group”.
Ratan Tata Biography
Birth: December 28, 1937
Died: October 9, 2024
Education:
Cornell University
Harvard Business School
Family:
Naval Tata (father)
Suni Commissariat (Mother)
Post:
Former Chairman of Tata Sons and Tata Group, Philanthropic Investor,
Honorary Chairman of Tata Sons and Tata Group
Predecessor: JRD Tata
Successor:
Cyrus Mistry (2012)
Natarajan Chandrasekaran (2017–present)
award:
Padma Vibhushan (2008)
Padma Bhushan (2000)
Famous quotes: “I don’t believe in taking right decisions. “I make decisions and then make them right.”
“Power and money are not my two main interests.”
Tags: ratan tata, Tata Motors, tata steel
FIRST PUBLISHED: October 10, 2024, 24:35 IST