Ratan Tata, whose real identity is Ratan Naval Tata, was born in Bombay, British India (now Mumbai), on December 28, 1937. Naval Tata and Sooni Commissariat are his parents. They separated when Ratan Tata was ten years old. Ratan Tata was raised with his half-brother Noel Tata (son of Naval Tata and Simone Tata).
He is an Indian businessman who presided over the Tata Group twice, from 2016 to 2017 and from 1991 to 2012.
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Rata Tata’s Education
He graduated from Harvard Business School and Cornell University. He studied at Cornell University, Ithaca, New York, wherein he received a B.S. (1962) in architectural style before returning to his job in India.
Work as Chairperson of Tata Sons
He is a prominent member of a family of Indian entrepreneurs and philanthropists. He gained expertise working for many Tata Group organisations before getting selected as director in charge of the National Radio and Electronics Co. in 1971. After 10 years, he gained the position of chairman of Tata Industries. He then replaced his uncle J.R.D. Tata was chairman of the Tata Group in 1991.
Revenues increased more than 40 times, and profit increased more than 50 times, throughout his 21-year management. He persuaded Tata Tea to purchase Tetley, Tata Motors to purchase Jaguar Land Rover, and Tata Steel to purchase Corus, changing and developing the organisation from a generally Indian-focused conglomerate into a multinational corporation.
He also developed the Tata Nano automobile. The car’s costing was limited and that was reasonable for an Indian buyer.
On December 28, 2012, Ratan Tata, who turned 75, resigned from his position as chairman of Tata Sons. After Cyrus Mistry was chosen as his replacement, the Board of Directors and Legal department decided to have him fired on October 24, 2016, at which point Ratan Tata was appointed the group’s temporary chairman.
Ratan Tata invested his own money in CashKaro.com, Teabox, and Snapdeal. He also made investments in Nestaway, Dogspot, Xiaomi, and Ola Cabs.
Work in Philanthropy by Ratan Tata
Ratan Tata financed the University of New South Wales Faculty of Engineering to offer better water for underserved communities since he is an advocate for education, healthcare, and rural development.
In 2010, the Harvard Business School (HBS) received a $50 million donation for the creation of an executive centre from the Tata Group firms and Tata charities.
For a facility to study cognitive systems and autonomous cars, Tata Consultancy Services (TCS) gave Carnegie Mellon University (CMU) a $35 million donation. The 48,000 square foot structure is known as TCS Hall, and it is the greatest gift made by a firm in history.
The Tata Group donated Rs. 950 million and the Tata Centre for Technology and Design to the Indian Institute of Technology, Bombay in 2014. (TCTD). A grant of that scale has never previously been awarded to the institute.
Tata Trusts also provided a grant of 750 million rupees to the Centre for Neuroscience at the Indian Institute of Science to study the origins of Alzheimer’s disease and create methods for its early identification and cure.
AWARDS AND HONOURS Achieved By Tata
Ratan Tata received a number of prestigious medals and awards. The following are some of these:
|2000||Padma Bhushan||Government of India|
|2008||Padma Vibhushan||Government of India|
|2001||Honorary Doctor of Business Administration||Ohio State University|
|2004||Medal of the Oriental Republic of Uruguay||Government of Uruguay|
|2004||Honorary Doctor of Technology||Asian Institute of Technology.|
|2005||International Distinguished Achievement Award||B’nai B’rith International|
|2005||Honorary Doctor of Science||University of Warwick.|
|2006||Honorary Doctor of Science||Indian Institute of Technology Madras|
|2008||Honorary Doctor of Law||University of Cambridge|
|2008||Honorary Doctor of Science||Indian Institute of Technology Bombay|
|2008||Honorary Doctor of Science||Indian Institute of Technology Kharagpur|
|2010||Business for Peace Award||Business for Peace Foundation|
|2010||Business Leader of the Year||The Asian Awards.|
|2012||Honorary Fellow||The Royal Academy of Engineering|
|2012||Doctor of Business honoris causa||University of New South Wales|
|2012||Grand Cordon of the Order of the Rising Sun||Government of Japan|
|2014||Honorary Doctor of Laws||York University, Canada|
|2015||Honorary Doctor of Automotive Engineering||Clemson University|
|2015||Sayaji Ratna Award||Baroda Management Association, Honoris Causa, HEC Paris|
|2016||Commander of the Legion of Honour||Government of France|
|2018||Honorary Doctorate||Swansea University|
|2021||Assam Baibhav||Government of Assam|
Ratan Naval Tata is one of the richest persons in the world who has also had a significant influence on the general growth of our nation. Ratan Tata pushed global trade against fierce resistance. Today, half of Tata’s overall revenue comes from overseas sales. He made important choices including founding the Tata Nano and acquiring the second-largest steelmaker in Europe. He is making a lot of these kinds of instances, and they can teach us how to make significant improvements. I hope you like the article, you can read more on Republic Quote.