Ratan Naval Tata (born 28 December 1937) is an Indian industrialist, and a former chairman of Tata Sons. He was the chairman of Tata Group, from 1990 to 2012, and again, as interim chairman, from October 2016 through February 2017, and continues to head its charitable trusts.
Born: 28 December 1937 (age 84 years), Mumbai
Education: Harvard Business School (1975), Cornell University (1959), Riverdale Country School (1955), more
Parents: Naval Tata, Sooni Tata
Grandparents: Ratanji Tata, Navajbai Sett
Siblings: Noel Tata, Jimmy Naval Tata
Nephew: Neville Tata
Full name: Ratan Naval Tata
Mr Ratan N Tata was the Chairman of Tata Sons, the holding company of the Tata group, from 1991 till his retirement on December 28, 2012. During his tenure, thene of the most well-known and respected industrialists in India, Ratan Naval Tata is the Chairman of Tata Sons and Tata Group. At the age of 73, Tata heads one ...Mr Tata was the chairman of major Tata companies, including Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices. He is also associated with various organisations in India and overseas.
A Padma Bhushan and Padma Vibhushan awardee, philanthropist and one of the most successful businessmen the country has ever produced, Ratan Tata's legacy speaks for itself. Apart from possessing remarkable business foresight, he is also known for his utmost simplicity and humanity.22
Career. Promoted to management during the 1970s, Ratan achieved initial success by turning Group company National Radio and Electronics (NELCO) around, only to see it collapse during an economic slowdown. In 1991, J. R. D. Tata stepped down as chairman of Tata Sons, naming him his successor.
A vital attribute of the Tata brand has been its pioneering spirit. The Tatas were the first to establish a steel mill in India, a power company in India, five-star hospitality in India, and an IT services company in India.15-Mar-2019
The five core Tata values underpinning the way we do business are:
Integrity. We will be fair, honest, transparent and ethical in our conduct; everything we do must stand the test of public scrutiny.
Responsibility. ...
Excellence. ...
Pioneering. ...
Unity.
The Indian multinational conglomerate Tata had a brand value worth over 23 billion U.S. dollars in 2022, securing the first position as India's most valuable brand.
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Brand value of Tata Group from 2016 to 2022 (in billion U.S. dollars)
Characteristic Brand value in billion U.S. dollars
-In India, we have many personalities who belong to a widely rich family and are well recognized globally. Our country is ranked 3rd after US and China when it comes to the richest persons in the country. And thanks to them as they not only generate the revenue but also pay a lot to boost our country's economy and serve our society by funding through trust they established. In this article, we will take a detailed look at one such personality, i.e., Ratan Naval Tata, who has a huge impact on our country's overall development. We will discuss major aspects like his early life, his career, net worth, controversies he faced, and more.Ratan Naval Tata is presently Executive Chairman of Tata Sons, the Tata Group's parent organization, which owns Tata Consultancy Services, Tata Motors, Tata Power, Indian Hotels, Tata Steel, and Tata Teleservices. He was nurtured and grown-up by his grandmother when his parents divorced while he was only ten years old, and after graduating from college, he got actively involved in the family-owned company. In 1962, he started his job as an employee at Tata Steel, where he learned about his family's company.
He dominated for many years in his field and still contributing with full intensity. He was the chairman of Tata Group from 1990 to 2012 and interim chairman from October 2016 to 2017, and after that, he went on to manage the company's charity trusts. He was awarded the Padma Vibhushan in 2008 and the Padma Bhushan in 2000, two of India's highest civilian prizes. It is a glimpse that we have discovered about him so far. Let's get deep into the detail now.On December 28, 1937, Ratan Tata was born to Naval and Sonoo Tata in Bombay. Ratanji Tata, Jamsetji Tata's younger son, adopted Naval Tata as his son. When Ratan was ten years old, his parents divorced. His grandmother, Navajbai Tata, reared him and his half-brother, Noel Tata.
He went to Campion School in Bombay (then) till 8th grade, then moved to Cathedral and John Connon Schools in Bombay and Bishop Cotton School in Shimla for further academic activities. After finishing his academic education, in 1955, he graduated from Riverdale Country School placed in New York City. After four years at Cornell University, he earned a bachelor's degree in architecture. He enrolled in the seven-week Advanced Management Program at Harvard Business School in 1975, which he has been financially supportinsectorHe began his career as a mining worker from his own firm in 1962, which is somewhat stunning. Along with the other laborers, he shoveled stones and worked on the furnaces. It was physically difficult work, but it taught him more about his parent's business and helped him value it. Ratan took over as chairman of Tata Sons after J.R.D. Tata stepped down in 1991.
Due to the freedom to operate under JRD Tata, he had to encounter significant opposition from the CEOs of several organizations, who proceeded to become highly strong. Although, he overcame all those resistance. Research, or innovation, was given a high emphasis under his administration, and the younger generation was handed the majority of the tasks.
Tata Group prospered the greatest during his supervision of 21 years, with revenues rising by 40% and profit increasing by 50%. His daring investments of major multinational corporations like Jaguar, Tetley & Land Rover, and Corus Steel, among others, significantly influenced the Indian industrial sector and the global industrial sector.
- Ratan Naval Tata with his team leads to acquiring international exposure and a reputation for his business as Chairman of the Tata Group. Under his leadership, the firm also grew into a multinational company by purchasing companies such as Jaguar, Tetley, Land Rover, and Corus. The Tata Group was listed on the New York Stock Exchange due to its remarkable business success.
- He was a key figure in developing the Tata Nano and Tata Indica We can understand his dedication to the work that he tried to do even for the common people, as he introduced TATA NANO so that it could be affordable to most households.
- One of his life's main aims was to improve the quality of life for Indians while also advancing human growth. He is also a well-known philanthropist, with charity trusts accounting for almost 65 percent of his holdings. We will see those contributions in detail below.
- In 2010, Tata Group enterprises and Tata charities gave $50 million to Harvard Business School to establish an executives center (HBS). Thus, the name of the executive center is decided to name after Ratan Tata and thus named Tata Hall. For Reminder, it was the same business school from which Ratan Tata previously did his seven weeks Advance Management Program.
- TCS Hall, a 48,000 square-foot structure, was built with a $35 million donation from TCS. TCS has made the largest single corporate philanthropy to Carnegie Mellon University (CMU) for intelligent systems and automated vehicle research center.
- The Tata Education and Development Trust, a charitable component of the Tata Group, has established a $28 million Tata Fundraising Campaign, which will enable Cornell University to offer financial help to Indian undergrads.
- The Tata Trusts, led by Ratan Tata, gave a gift of 750 million to the Indian Institute of Science's Centre for Neuroscience to explore the factors that cause Alzheimer's disease
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