Professional Documents
Culture Documents
Nationality : Indian
Ethnicity : Parsi
Awards :
Ratan Naval Tata is the present Chairman of Tata Sons and therefore,
Tata Group. He is also the chairman of major Tata companies such as
Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata
Tea, Tata Chemicals, The Indian Hotels Company and Tata
Teleservices.
For his next assignment, in 1977 he was asked to turn around the sick Empress Mills, which he did.
However, he was refused a Rs 50 lakh investment required to make the textile unit competitive. Empress
Mills floundered and was finally closed in 1986.
In 1981, JRD Tata stepped down as Tata Industries chairman, naming Ratan as his successor. He was
heavily criticized for lacking experience in running a company of the scale of Tata Industries.
In 1991, he was appointed group chairman of the Tata group. As group chairman, he has been
responsible for converting "the corporate commonwealth" of different Tata-affiliated companies into a
cohesive company. He has been responsible for the acquisition of Tetley, Jaguar Land Rover and Corus,
which have turned Tata from a largely India-centric company into a global business, with 65% revenues
coming from abroad. He also pushed the development of Indica and the Nano. He is widely credited for
the success of the Tata Group of companies, especially after the liberalization of controls after the
1990s.
Ratan Tata's foreign affiliations include membership of the international advisory boards of the
Mitsubishi Corporation, the American International Group, JP Morgan Chase and Booz Allen Hamilton.
He is also a member of the board of trustees of the RAND Corporation, University of Southern
California and of his alma mater, Cornell University. He also serves as a board member on the Republic
of South Africa's International Investment Council and is a member of the Asia-Pacific advisory
committee for the New York Stock Exchange. In 2010, he joined BMB Group as an advisory board
member.