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Ratan Naval Tata
From Wikipedia, the free encyclopedia (Redirected from Ratan Tata) Jump to: navigation, search "Ratan Tata" redirects here. For Ratanji Dadabhoy Tata, see Ratanji Dadabhoy Tata.
Ratan Naval Tata
Born Residence Nationality Ethnicity Citizenship Alma mater
December 28, 1937 (1937-12-28) (age 72) Bombay, Bombay Presidency, British India Mumbai, Maharashtra, India Indian Parsi India Cornell University Harvard University
Occupation Chairman of Tata Group Home town Religion Mumbai, India Zoroastrianism
Ratan Naval Tata (born December 28, 1937, in Bombay, Bombay Presidency, British India) is the present Chairman of Tata Sons and therefore, Tata Group, India's largest conglomerate founded by Jamsedji Tata and consolidated and expanded by later generations of his family. He is also the chairman of major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata
He was born to Soonoo and Naval Hormusji Tata. . D. and recovered its losses. a shy man. the Tatas confronted the unions and. and the Advanced Management Program from Harvard Business School in 1975. has lived for years in a book-crammed. R.Consultancy Services. production did not keep up. Nelco had 2% market share in the consumer electronics market and a loss margin of 40% of sales when Ratan took over.1 Early career 2 Career 3 Personal life 4 Quotes 5 Awards and recognition 6 References 7 External links Early life Ratan Tata was born into the wealthy and famous Tata family of Bombay. so even after demand improved.R. Ratan Tata. India's Prime Minister Indira Gandhi declared a state of emergency. Tata Tea. From 1972 to 1975. which led to an economic recession. Further. His mother moved out and both Ratan and his brother were raised by their grandmother Lady Navajbai. rarely features in the society glossies. He worked on the floor along with other blue-collar employees. Ratan's childhood was troubled. Ratan was appointed the Director-in-Charge of The National Radio & Electronics Company Limited (Nelco). dog-filled bachelor flat in Mumbai's Colaba district and is considered to be a gentleman extraordinaire. J. He joined the Tata Group in December 1962.D. was reluctant due to the historical financial performance of Nelco which had never even paid regular dividends. J. Ratan is the great grandson of Tata group founder Jamsedji Tata. rather than in consumer electronics. Nonetheless. Finally. Tata Chemicals. shoveling limestone and handling the blast furnaces. This was followed by union problems in 1977. In 1975 however. Ratan suggested that the company invest in developing high-technology products. his parents separating in the mid-1940s. Career In 1971. Early career Ratan Tata completed his BSc degree in architecture with structural engineering from Cornell University in 1962. after turning down a job with IBM on the advice of JRD Tata. Contents [hide] • • • • • • • 1 Early life ○ 1. a company that was in dire financial difficulty. He was first sent to Jamshedpur to work at Tata Steel. when he was about seven and his younger brother Jimmy was five. Nelco eventually grew to have a market share of 20%. The Indian Hotels Company and Tata Teleservices. followed Ratan's suggestions.
The two iconic British brands.R. Tata Nano car. Tata. So. Ratan was severely disappointed with the decision. The merger created the fifth largest steel producing entity in the world. under Ratan Tata. On January 31. 2008. 2008 Ratan Tata's dream was to manufacture a car costing Rs 100. took the line that the Tatas should liquidate the mill. Ratan was entrusted with Empress Mills. competition from less labour-intensive enterprises had made a number of companies unviable. 2008. it was one of the few sick units in the Tata group. and Ratan Tata delivered . the Group's other holding company.D. Three models of the Tata Nano were announced. an Anglo-Dutch steel and aluminium producer. pushing out the old guard and ushering in younger managers. Ratan managed to turn it around and even declared a dividend. the Empress began to accumulate heavier losses.000 (1998: approx. In 1998. where he became responsible for transforming it into the Group's strategy think-tank and a promoter of new ventures in high-technology businesses. US$2.000 US$2. Ratan was named director of Tata Industries. today US$2. He realized his dream by launching the car in New Delhi Auto Expo on January 10.following a strike.528).3 billion). the Tata headquarters. Jaguar and Land Rover. Tata Motors. under the chairmanship of Ratan Tata. but the venture did not survive. Tata Motors introduced his brainchild. In 1977. In 1991. On Ratan's insistence. On March 26. Tata Consultancy Services went public and Tata Motors was listed on the New York Stock Exchange. Ratan continued to believe in the fundamental soundness of Nelco. some Tata directors. Bombay House.15 billion ($2. In 1981. As the market for coarse and medium cotton cloth (which was all that the Empress produced) turned adverse. but it did not suffice. including those like the Empress which had large labour contingents and had spent too little on modernisation. were acquired for £1. was unwilling to divert funds from other group companies into an undertaking which would need to be nursed for a long time. the Tata Indica. However. With the acquisition. Ratan Tata became a celebrated personality in Indian corporate business culture. chiefly Nani Palkhivala. Under Ratan's guidance. a lockout was imposed for seven months. he took over as group chairman from J. a textile mill controlled by the Tatas. which was finally closed down in 1986. When he took charge of the company. Since then. and in a later interview with the Hindustan Times would claim that the Empress had needed just Rs 50 lakhs to turn it around. some investment was made.200. Tata Sons successfully acquired Corus Group. bought Jaguar & Land Rover from Ford Motor Company. he has been instrumental in reshaping the fortunes of the Tata Group. 2007. which today has the largest market capitalization of any business house on the Indian Stock Market.
the holding company of the group. Ratan Tata said that the company had a great deal of urgency in having a new location and was driven by the reputation of the state. is a result of inherited family shareholding. The Gujarat chief minister Narendra Modi granted him huge subsidy for building the facility. his decision of going out of the state was warmly welcomed by the Indian corporate media and the English-speaking middle class.  Ratan Tata is largely an employee Chairman / CEO of the group and most his own holding in Tata Sons. He has an outdated Falcon Jet. declaring that efforts will be made to roll out the world's cheapest car from a make-shift plant to meet the deadline. . Personal life Mr. adding that "a promise is a promise.on his commitment to developing a car costing only 1 lakh rupees. the advisory board of RAND's Center for Asia Pacific Policy and serves on the programme board of the Bill & Melinda Gates Foundation's India AIDS initiative. Ratan Tata has a metallic blue Maserati and Ferrari California but prefers to drive himself in an old model Mercedes sedan much like JRD who seldom used a chauffeur and drove his own Fiat to and from work. West Bengal..5 km2) of centrally located land. 2009. including free land. Tata is on the board of governors of the EastWest Center. which is no longer used for commercial aviation. The car was launched on March 23.[original research?] Ratan Tata is also best known for the face behind changing India's automotive industry into global climate change era.100 acres (4. the price of the car has since been raised. About 66% of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the original Jameshedji family and the largest share is with the Shapoorji Pallonji Mistry family aligned originally to Jamshetji's brother in law. He sometimes likes to fly his private jet himself. Banerjee criticised Ratan Tata for forcing people out of their land in collusion with the Left Front government in the state. was obstructed by Mamta Banerjee.000 crore (Rs 20 billion). Ratan Tata and his team shifted their Rs 1-lakh car Nano project to Sanand near Ahmedabad at an investment of Rs 2. if encashed. Praising Modi for speedy allocation of about 1. which is headed by Budhadeb Bhattacharjee. which were created by the families of the sons of Jamshedji Tata." referring to his earlier promise to deliver this car at the said cost. valuing his personal holding at approximately US$ 1 Billion. On October 7. He has never been married. 2008. The biggest two of the owning trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust (different Ratan Tata). after a controversial stay in West Bengal. However. Quotes • • "Question the unquestionable" "A promise is a promise"  Awards and recognition Ratan Tata serves in senior capacities in various organisations in India and he is a member of the Prime Minister's Council on Trade and Industry. and is the chairman of the board of trustees of the Sir Dorabji Tata Trust. amid much fanfare with advance bookings that preceded its launch by months. His share is or a little less than 1%. Recently when his plant for Nano production in Singur. Ratan Tata is on the board of trustees of the Sir Ratan Tata Trust. He likes to wear Hermès ties and matching handkerchiefs.
Bangkok. the third highest decoration that may be awarded to a civilian. On 26 January 2008. Cornell University. He also serves as a board member on the Republic of South Africa's International Investment Council and is an AsiaPacific advisory committee member for the New York Stock Exchange. it was announced that Ratan Tata was elected to the Board of Trustees of the University of Southern California. In 2009 he was appointed an honorary Knight Commander of the British Empire. On 29 August 2008. Los Angeles. Ratan Tata was honoured with the Padma Bhushan.com/company/profile. In March 2006 Tata was honoured by Cornell University as the 26th Robert S. 2008 in Mumbai.aspx?sectid=DpOT+Lbrdvg= . In February 2004. Ratan Tata was conferred the title of honorary economic advisor to Hangzhou city in the Zhejiang province of China. calling him India's most respected business leader. Ratan Tata is the first Indian to receive this honour. the Government of Singapore conferred honorary citizenship on Ratan Tata. 2005. He was listed among the 25 most powerful people in business named by Fortune magazine in November 2007. University of Southern California and of his alma mater. he was awarded the Padma Vibhushan. one lakh car 'Nano'. He was one of the recipients of the NASSCOM Global Leadership Awards 2008. He is also a member of the board of trustees of the RAND Corporation. considered the highest honor the university awards to distinguished individuals from the corporate sector.Ratan Tata's foreign affiliations include membership of the international advisory boards of the Mitsubishi Corporation. the second highest civilian decoration. ^ http://www. Forbes opined Ratan Tata be brought into politics. Tata was hailed for unveiling his tiny Rs. On August 30. JP Morgan Chase and Booz Allen Hamilton. one of the leading research universities in the United States. the American International Group. • • • • • • • • • • • • References 1. In 2006 he received the FIRST Award for Responsible Capitalism.tata. an honorary doctorate in science by the University of Warwick. given at a ceremony on February 14. He has also been conferred an honorary doctorate in business administration by the Ohio State University. in recognition of his abiding business relationship with the island nation and his contribution to the growth of high-tech sectors in Singapore. and an honorary fellowship by the London School of Economics. • On the occasion of India's 50th Republic Day on 26 January 2000. Ratan Tata accepted the Carnegie Medal of Philanthropy in 2007 on behalf of the Tata family. In May 2008 Mr Tata made it to the Time magazine's 2008 list of the World's 100 most influential people. After the 26 November 2008 Mumbai attacks. Hatfield Fellow in Economic Education. an honorary doctorate in technology by the Asian Institute of Technology. He has recently received an honorary Doctor of Law from the University of Cambridge.
2008). http://www. 11. ^ Sharma. 15. http://www.com/time/specials/2007/article/0. ^ a b c d "Chairman Profile.com/2008/12/02/ratan-tata-government-opedcx_rm_1203meredith.edu/stories/March06/Tata. Heather (January 4.cam. 2007". Retrieved 2009-01-01.nytimes. http://www.htm. 14. ^ "profile Tata". http://www. ^ "Ratan Tata on Time's most influential list".com/aboutus/articles/inside. 3.htm.6 Billion Corus Bid (Update1)". ^ "The FIRST International Award for Responsible Capitalism".2. http://www. "India's Tata Takes Leap With $7. The Hindu. 13.html? _r=1&sq=tata&st=cse&adxnnl=1&scp=7&adxnnlx=12384974434R16x3p9Aj5a8CErvf45bw.carnegiemedalspittsburgh. 2010.uk/en/about-the-fco/what-we-do/honours/honorary-awards-2009 UK Foreign Office 22. 2009. Tata Group Website. ^ India Today 2005 Power List 10. April 30. 2008. ^ Timmons.gov. http://www.news.html. Retrieved May 22. ^ "Honorary degree 2010 nominations announced". 9.com/apps/news? pid=20601087&sid=aQkYaQuODjtU&refer=home. 2007".admin. 12. ^ "Singapore honour for Ratan Tata". http://www. Accessed April 13.com/profile/ratan-n-tata/2766. University of Southern California.com/money/2008/jan/02tata. Financial Express.com/2008/01/04/business/worldbusiness/04tata. Bloomberg.html. http://indica. February 12. ^ "26th Robert S. ^ "Ratan is honorary economic advisor of east China city resolve". ^ "Faces of Enterprise: Ratan Tata". University of Cambridge. Retrieved May 22. ^ http://www.28804. 16. ^ India Today Power List 2009 7. 18.forbes. USC News. http://www.za/0_about_us/management/chairmans_chamber/media_articles_intervie ws.org/tata.fco.uk/news/dp/2010031504.forbes. 2010.Announcement". ^ Times of India Article: Man of the Year? Its Ratan Tata 4. 2008.html. 17 March 2010. 2004.1733748_1733758_1735108. ^ "Carnegie Medal of Philanthropy.time. 5. ^ India Today Power List 2005 8.org/news/2007.Hatfield.co. Interviews and Press Articles". ^ Board of Trustees.aspx?artid=9f2wIWtlTAY=. The New York Times. 2008-12-03. html. http://people. ^ "India's Obama Moment?". .carnegiemedals.cornell.html. August 30. Retrieved 2009-09-12. ^ "Tata: Carnegie Medal of Philanthropy. August 30.bloomberg. 6.firstmagazine. 17.00.tata. Hatfield Fellow in Economic Education . Subramaniam (2006-10-18). "Tata Pulls Ford Units Into Its Orbit". 21.aspx?Year=2006. Retrieved 21 June 2010. http://www.aspx? artid=ESnPtlGXDJM=. Forbes. http://www.prewrite. http://www. ^ Ratan Tata Joins USC Board of Trustees.ac.com/company/Media/inside. http://www.com/Awards/Year. 20. 19. 2005.rediff.tata.
2006. http://www. BBC News. "Interview with Ratan Tata". 2005).". ISBN 0140264426 Dubey.uk/2/hi/business/6315823. Businessworld. "The Shy Architect: Ratan Tata has transformed India’s biggest company. 2007. 2007). Suveen K (February 5. January 11.stm. Tata • Ratan Tata [hide] v•d•e Tata Group CMC · Tata BP Solar · Tata Coffee · Tata Chemicals · Tata Consultancy Services · Companie Tata Elxsi · Tata Interactive Systems · Tata Motors · Tata Steel · Tata Power · Tata s Tea · Tata Communications · Tata Technologies Limited · Tata Teleservices · Titan Industries · Tata Voltas · The Indian Hotels Company · Trent (Westside) Notable non-Indian Corus Group · Tetley · Tata Daewoo Commercial Vehicle · VSNL International Companie Canada · Jaguar Cars · Land Rover · Brunner Mond s Brands Ginger · Good Earth Teas · Tanishq · Taj Hotels · I-shakti · Tata Salt · Tata Sky · Tata Indicom · Tata DoCoMo · Titan · Westside · Voltas · Virgin Mobile India Notable Jamsetji Tata · Dorabji Tata · Nowroji Saklatwala · J. Sinha.org/wiki/Ratan_Naval_Tata" Categories: Cornell University alumni | Indian businesspeople | Businesspeople in metals | Tata family | Recipients of the Padma Vibhushan | Recipients of the Padma Bhushan | 1937 births | . D.htm. http://news.rediff. "Ratan Tata: The man with steely resolve". R. "India's Tata wins race for Corus". and has done it alone. R.asp.co.com/money/2007/feb/05tata. The Economist.wikipedia.bbc.businessworldindia.• • • • • Piramal. rediff. http://www.com/jan2405/index.com. New Delhi: Penguin. Gita (1997). External links Wikimedia Commons has media related to: Ratan Naval Tata • • Tata Group Ratan Tata's profile on the Tata Website Chairmen of the Tata Group Jamsetji Tata • Dorabji Tata • Nowroji Saklatwala • J. Business Maharajas. Rajiv (January 24. D. January 31. Tata · Ratan Tata · People Pallonji Mistry Retrieved from "http://en.
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