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Mr.

Ratan Naval Tata A Successful Entrepreneur

Mr. Ratan Naval Tata

Born Residence Nationality Ethnicity Alma mater Occupation Spouse

28 December 1937 (age 73) Bombay, Bombay Presidency, British India Colaba, Mumbai, India Indian Parsi Cornell University Harvard University Chairman of Tata Group Unmarried Padma Bhushan 2000 Padma Vibhushan 2008 KBE 2009

Awards

Ratan Naval Tata (born 28 December 1937) is the present chairman of Tata Sons and therefore, Tata Group.[2] 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. Early life and education Ratan Tata was born to Naval Tata and Soonoo Commisariat in the Tata family, a prominent family belonging to the Parsi community. He is the great-grandson of Tata group founder Jamsedji Tata.

Mr. Ratan Naval Tata A Successful Entrepreneur

After his parents separated in 1944, he was brought up by his grandmother Lady Navajbai and did his schooling in Mumbai from Campion School. Later, he enrolled in Cornell University, where he earned a B.S in architecture with structural engineering in 1962, and has also completed the Advanced Management Program at Harvard Business School (Class of 1975). Early career Ratan Tata completed a BSc degree in engineering with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975. He joined the Tata Group in December 1962, after turning down a job with IBM on the advice of JRD Tata. He was first sent to Jamshedpur to work at Tata Steel. He worked on the floor along with other blue-collar employees, shoveling limestone and handling the blast furnaces. Ratan Tata, a shy man, rarely features in the society glossies, has lived for years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district. Net Worth of income Ratan Tata has an income whose net worth is US $ 970 million. He does not figure in the Forbes' list of Indian millionaires because a large number of the shares (around 65.8%) of Tata Sons, the holding company of the Tata Group, is held by charitable trusts. Honours, Awards and International 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. Tata is on the board of governors of the East-West Center, the advisory board of RAND's Center for Asia Pacific Policy and serves on the program board of the Bill & Melinda Gates Foundation's India AIDS initiative. Year Name Awarding organization 2010 Honorary Doctor of Laws Pepperdine University. 2010 Legend in Leadership Award Yale University. 2010 Businessman of the Decade Federation of Indo-Israel Chambers of Commerce. 2008 Honorary Doctor of Science Indian Institute of Technology Kharagpur. 2008 Honorary Doctor of Law University of Cambridge. 2007 Honorary Fellow London School of Economics. 2007 Honorary Citizen of Singapore Singapore government. 2007 Carnegie Medal of Philanthropy Carnegie Endowment for International Peace. 2005 Honorary Doctor of Science University of Warwick. 2004 Honorary Degree of Doctor of Asian Institute of Technology. Technology 2004 Honorary Economic Advisor Hangzhou, China. 2004 Honorary Doctor of Business Ohio State University. Administration Wealth Ratan Tata has his own capital in Tata Sons., the holding company of the group. His share is around 1%, valuing his personal holding at approximately US$ 1 Billion. About 66% of the equity

Mr. Ratan Naval Tata A Successful Entrepreneur

capital of Tata Sons is held by philanthropic trusts endowed by members of the Tata family. The biggest two of these trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust, which were created by the families of the sons of Jamshedji Tata. Ratan Tata is on the board of trustees of the Sir Ratan Tata Trust, and is the chairman of the board of trustees of the Sir Dorabji Tata Trust, giving him significant influence on the board of Tata Sons, despite his minority personal shareholding.

Career
In 1971, Ratan was appointed the Director-in-Charge of The National Radio & Electronics Company Limited (Nelco), a company that was in dire financial difficulty. Ratan suggested that the company invest in developing high-technology products, rather than in consumer electronics. J.R.D. was reluctant due to the historical financial performance of Nelco which had never even paid regular dividends. From 1972 to 1975, Nelco eventually grew to have a market share of 20%, and recovered its losses. In 1975 however, India's Prime Minister Indira Gandhi declared a state of emergency, which led to an economic recession. In 1977, Ratan was entrusted with Empress Mills, a textile mill controlled by the Tatas. When he took charge of the company, it was one of the few sick units in the Tata group. Ratan managed to turn it around and even declared a dividend. However, competition from less labourintensive enterprises had made a number of companies unviable, including those like the Empress which had large labour contingents and had spent too little on modernisation. In 1981, Ratan was named director of Tata Industries, the Group's other holding company, where he became responsible for transforming it into the Group's strategy think-tank and a promoter of new ventures in high-technology businesses. In 1991, he took over as group chairman from J.R.D. Tata, pushing out the old guard and ushering in younger managers. Since then, he has been instrumental in reshaping the fortunes of the Tata Group, which today has the largest market capitalization of any business house on the Indian Stock Market. Under Ratan's guidance, Tata Consultancy Services went public and Tata Motors was listed on the New York Stock Exchange. In 1998, Tata Motors introduced his brainchild, the Tata Indica. On January 31, 2007, under the chairmanship of Ratan Tata, Tata Sons successfully acquired Corus Group, an Anglo-Dutch steel and aluminium producer. With the acquisition, Ratan Tata became a celebrated personality in Indian corporate business culture. The merger created the fifth largest steel producing entity in the world. On March 26, 2008, Tata Motors, under Ratan Tata, bought Jaguar & Land Rover from Ford Motor Company. The two iconic British brands, Jaguar and Land Rover, were acquired for 1.15 billion ($2.3 billion).

Mr. Ratan Naval Tata A Successful Entrepreneur

Tata Nano Car Ratan Tata's dream was to manufacture a car costing Rs 100,000 (1998: approx. US$2,200; today US$2,000 US$2,528). He realized his dream by launching the car in New Delhi Auto Expo on January 10, 2008. Three models of the Tata Nano were announced, and Ratan Tata delivered on his commitment to developing a car costing only 1 lakh rupees, adding that "a promise is a promise," referring to his earlier promise to deliver this car at the said cost.

Personal life Mr. Ratan Tata has a metallic blue Maserati. He sometimes likes to fly his private jet himself. He has a Falcon Jet. He has never been married. Social and environmental record The TATA Group is widely believed to make the largest contribution to charity of any corporation in India. However, during his tenure as Chairman of the Tata Group, Ratan Tata has come in for criticism from human rights and environmental activists for the TATA Groups record in this sector and the apparent reluctance to address these issues at the Group level. Kalinganagar, Orissa: On January 2, 2006, policemen at Kalinganagar, Orissa, opened fire at a crowd of tribal villagers. The villagers were protesting the construction of a compound wall on land historically owned by them, for a Tata steel plant. Dow Chemicals, Bhopal Gas Disaster: In November 2006, survivors of the Bhopal gas disaster were outraged by Ratan Tatas offer to bail out Union Carbide and facilitate investments by Carbides new owner Dow Chemical. Tata had proposed leading a charitable effort to clean-up the toxic wastes abandoned by Carbide in Bhopal. At a time when the Government of India has held Dow Chemical liable for the clean-up and requested Rs. 100 crores from the American MNC, survivors groups felt that Tatas offer was aimed at frustrating legal efforts to hold the company liable, and motivated by a desire to facilitate Dows investments in India. TATA supplies to Burmas military regime: TATA Motors reported deals to supply hardware and automobiles to Burmas oppressive and anti-democratic military junta has come in for criticism from human rights and democracy activists. In December 2006, Gen. Thura Shwe Mann, Myanmars chief of general staff visited the Tata Motors plant in Pune. "Myanmar Ties."

Mr. Ratan Naval Tata A Successful Entrepreneur

December 8, 2006. The Telegraph, Calcutta, India]. In 2009, TATA Motors announced that it would press ahead with plans to manufacture trucks in Myanmar. Singur displacement: The Singur controversy in West Bengal led to further questions over TATAs social record, with protests by local villagers and some political parties over forcible eviction and inadequate compensation to those being displaced for the TATA Nano plant. As the protests gathered steam, and despite having the support of the ruling CPI(M) government, TATA eventually pulled the project out of the state of West Bengal, citing safety concerns. The Singur controversy was one of the few occasions when Ratan Tata was forced to publicly address criticisms and concerns on any environmental or social issue. Dhamra Port: On the environmental front, the Dhamra port controversy has received significant coverage, both within India and in Tatas emerging global markets. (India Tata in troubled waters, Ethical Corporation, November 2007, London, UK)[15] The Dhamra port, a venture between TATA Steel and Larsen & Toubro, has come in for criticism for its proximity to the Gahirmatha Sanctuary and Bitharkanika National Park, from Indian and international organizations, including Greenpeace. Gahirmatha is one of the worlds largest mass nesting sites for the olive ridley turtle and Bitharkanika is a designated Ramsar site and Indias second largest mangrove forest. Pepperdine Confers Honorary Doctor of Laws Degree on Ratan N. Tata

Ratan N. Tata, chair of Tata group, was conferred with the degree of Honorary Doctor of Laws by the president and Board of Regents of Pepperdine University at a formal ceremony held in The Taj Mahal Palace, Mumbai, on Friday Sept. 3, 2010.

Mr. Ratan Naval Tata A Successful Entrepreneur

Conclusion

J.R.D. was different from almost all other men of his era, because of his wide range of activities.J.R.D went ahead steadily with industrialization programme under the British Empire in Colonial India, rule in the remaining four decades; he expanded this industrial empire Independent India. He set up institutions of international repute for generating the necessary man-power.He undertook the task to industrialize the country under difficult conditions. Industrialization of the country was the motive and vision of J.R.D. that played a crucial role realizing that pursuit of excellence in institution of higher learning that was a prerequisite to development efforts. He believed that the attempts to industrialize India without adequate manpower were like trying to support a dome of steel with a pillars of snow. All the people of India acknowledge his contribution to the building of modern India, especially his visionary behavior in setting up institutions for the pursuit of excellence in higher education. We surely can learn a lot from his life. Modem India would always remain indebted to this great visionary and man of action.

Bibliography 1. Class notes/ Lecture/ Powerpoint presentations. 2. Times of India Article: Man of the Year? Its Ratan Tata 3. "Faces of Enterprise: Ratan Tata". 4. "profile Tata". 5. India Today Power List 2009 6. India Today Power List 2009 - flys the jets himself 7. India Today Power List 2005 8. "Carnegie Medal of Philanthropy, 2007". 9. "Tata: Carnegie Medal of Philanthropy, 2007". 10."26th Robert S. Hatfield Fellow in Economic Education - Announcement". 11.Board of Trustees, University of Southern California, Accessed April 13, 2008. 12.Ratan Tata Joins USC Board of Trustees, USC News, August 30, 2005. 13."India's Obama Moment?". Forbes. 2008-12-03. Retrieved 2009-01-01. 14.Piramal, Gita (1997), Business Maharajas, New Delhi: Penguin, ISBN 0140264426 15."Chairman Profile, Interviews and Press Articles". Tata Group Website. 16.Dubey, Rajiv (January 24, 2005). "Interview with Ratan Tata". Businessworld 17."The Shy Architect: Ratan Tata has transformed Indias biggest company, and has done it alone.". The Economist. January 11, 2006. 18."India's Tata wins race for Corus". BBC News. January 31, 2007.

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