Ratan Tata Biography/TATA success story
Birth: 28 December 1937, Surat
Career / Business / Post: Dismissed Chairman of Tata Sons
Ratan Tata is a noted Indian industrialist and retired chairman of Tata Sons. He was the Chairman of the Tata Group from 1991 to 2012. He relinquished the position of Chairman of the Tata Group on 28 December 2012 but still remains the Chairman of the Charitable Trust of the Tata Group. He was also the chairman of all major companies of the Tata Group such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, Indian Hotels and Tata Teleservices. Under his leadership, the Tata group touched new heights and the group's revenue also increased manifold.
early life
Ratan Tata was born on December 28, 1937 in the city of Surat, India. Ratan Tata is the son of Naval Tata who was adopted by Navajbai Tata after the death of her husband Ratanji Tata. When Ratan was ten years old and his younger brother, Jimmy, his parents (Naval and Sonu) separated from each other in the mid-1940s when he was seven. The two brothers were then raised by their grandmother Navajbai Tata. Ratan Tata also has a half-brother named Noel Tata.
Ratan did his early education from Campion School in Mumbai and secondary education from Cathedral and John Conan School. He then completed his BS with structural engineering in architecture from Cornell University in 1962. He then completed the Advanced Management Program from Harvard Business School in 1975.
Carrier
Before returning to India, Ratan worked for some time at Jones and Amons in Los Angeles, California. He started his career with the Tata group in 1961. In the early days he worked on the shop floor of Tata Steel. He then joined other companies of the Tata group. In 1971, he was appointed Director-in-charge of National Radio and Electronics Company (NELCO). In 1981, he was made the chairman of Tata Industries. In 1991, JRD Tata relinquished the position of chairman of the group and succeeded Ratan Tata.
Under the leadership of Ratan, the Tata group touched new heights. Under his leadership, Tata Consultancy Services issued a public issue and was listed on the Tata Motors New York Stock Exchange. In 1998, Tata Motors introduced the first fully Indian passenger car - Tata Indica. Later, Tata Tea acquired Tetley, Tata Motors 'Jaguar Land Rover' and Tata Steel acquired 'Corus', which increased Tata Group's credibility with the Indian industry. The Tata Nano - the world's cheapest passenger car - is also a result of Ratan Tata's own thinking.
On 28 December 2012, he retired from all executive responsibilities of the Tata group. He was succeeded by 44-year-old Cyrus Mistry. Although the Tatas are now retired, they are still working. Recently, he made his personal investment in India's e-commerce company Snapdeal. Along with this, he has also invested in another e-commerce company Urban Ladder and Chinese mobile company Xiaomi.
Ratan is currently the retired chairman of the Tata group. Along with this, he also remains the chairman of 2 trusts of Tata Sons.
Ratan Tata has played an important role in many organizations in India as well as in other countries. He is a member of the Prime Minister's Council on Trade and Industry and the National Manufacturing Competitiveness Council. Ratan is also a director on the board of several companies.
Honours and awards
The Government of India honored Ratan Tata with Padma Bhushan (2000) and Padma Vibhushan (2008). These awards are the third and second highest civilian honors in the country. Other notable awards he received are:
- Year Award organization
- 2015 Honorary HEC Paris
- 2015 Honorary Doctor Clemson University of Automotive Engineering
- 2014 Honorary Doctor of Law New York University, Canada
- 2014 Honorary Knight of the Order of the British Empire Grand Cross United Kingdom
- 2014 Sayaji Ratna Award Baroda Management Association
- 2014 Honorary Doctor of Business Singapore Management University
- 2013 Honorary Doctorate of Amsterdam University
- 2013 Honorary Doctor of Business Practices Carnegie Mellon University
- 2013 Ernst and Best Young Entrepreneur of the Year - Lifetime Achievement Ernst & Young
- 2013 Foreign Associate National Academy of Engineering
- 2012 Business Honorary Doctor University of New South Wales
- 2012 Honorary Fellow Royal Academy of Engineering
- 2010 Business Leader Asian Award of the Year
- 2010 Honorary Doctor of Law Pepperdine University
- 2010 Hadrian Award World Monument Fund
- 2010 Honorary Doctor of Law University of Cambridge
- 2009 Government of Italy Award for 'Grand Officer' of Order of Merit of the Italian Republic
- Indian National Academy of Engineering Award for Life Time Contribution Award in Engineering for 2009 2008
- 2009 Honorary Knight Commander of the Order of the British Empire United Kingdom
- 2008 Inspired Leadership Award Performance Theater
- 2008 Honorary Fellowship Institute of Engineering and Technology
- 2008 Government of Singapore Honorary Award
- 2008 Honorary Doctor of Science Indian Institute of Technology Kharagpur
- 2008 Honorary Doctor of Science Indian Institute of Technology Mumbai
- 2008 Honorary Doctor of Law University of Cambridge
- 2008 Leadership Award Leadership Award
- 2007 Honorary Fellowship London School of Economics and Political Science
- 2006 Responsible Capitalism Award
- 2006 Honorary Doctor of Science Indian Institute of Technology Madras
- 2005 Honorary Doctor of Science University of Warwick
- 2005 International Distinguished Achievement Award
- 2004 Honorary Doctor of Technology Asian Indian Institute of Technology
- 2004 Medal of the Oriental Republic of Uruguay Government of Uruguay
- 2001 Ohio State University Honorary Doctor of Business Administration
Loved to know more about this versatile industrialist. I have been preparing for my IAS prelims, and I am getting trained at a Top IAS academy in Chennai . Reading is one way to increase my knowledge of current affairs. The details provided here are helpful. Posts like these are valuable treasures for any UPSC aspirants.
ReplyDeleteThank you , stay connected with us to know more ( SUCCESS POINT)
ReplyDeletekeep hard working ,best of luck