Leaders are not merely born; they are made through a combination of circumstances, experiences, and tireless determination. One such exceptional leader who has left an indelible mark on the world is Ratan Tata. Born on December 28, 1937, in Mumbai, India, Ratan Tata has emerged as a titan of the business world, known for his visionary leadership and commitment to innovation. Ratan Tata’s Net Worth amounts to INR 3800 Crores.
Unknown Facts About Ratan Tata
- Jamsetji Tata, owner of Tata Group, is the great-grandfather of Ratan Tata.
- Ratan’s parents divorced in 1948 when he was just 10 years old.
- He rejected the offer at IBM to work at his own company, Tata. His first job was at Tata Organization. At Tata Steel, his first duty was to oversee the blast furnace and the limestone dump.
- Ratan Tata’s love story is a true tale with a heart-breaking twist. While working in Los Angeles, he fell in love with a girl. However, due to the 1962 Indo-China war, her parents were unwilling to send her to India.
- His invaluable contributions increased the company’s revenues by more than 40 times.
- He is a skilled pilot and became the first Indian to fly F-16 Falcon.
- During his career and leadership, some major mergers took place, such as Tetley’s merger with Tata Tea, Land Rover Jaguar’s merger with Tata Motors, and Corus’s merger with Tata Steel.
- Surprisingly, only a few know why Ratan Tata isn’t the richest in India. He is not ranked among the world’s billionaires or wealthiest people because his family and business devote more than 65% of their money to charity.
- Some start-ups backed by Ratan Tata are Ola Electric, Paytm, Snapdeal, CarDekho, Urban Company, CureFit, ClimaCell, and UrbanLadder.
Early Life and Education
- Ratan Tata’s journey to leadership began in the bustling city of Mumbai, where he was born into the illustrious Tata family.
- His family background played a significant role in shaping his values and ambitions. The Tata family had a rich legacy of philanthropy and entrepreneurship, which instilled in young Ratan a sense of responsibility towards society and a deep commitment to business excellence.
- He attended Campaign School in Mumbai and pursued his Diploma from Riverdale Country School in New York City in 1955.
- Later, he attained a structural engineering and architecture degree from Cornell University in 1959.
- In 1975, he pursued a Management program at Harvard Business School.
- Upon completing his education, Ratan Tata joined the Tata Group, the conglomerate founded by his great-grandfather, Jamsetji Tata.
- He began his career in 1961 as an apprentice at Tata Steel, and over the years, he ascended through the ranks with diligence and foresight. Soon, he was appointed the Director-in-Charge of the National Radio & Electronics Company (NELCO), a subsidiary of the Tata Group.
- In 1991, Ratan Tata took the helm of the Tata Group as its Chairman. Under his visionary leadership, the group expanded its horizons globally, diversifying into various sectors such as information technology, automotive, steel, and telecommunications.
Awards and Recognitions
Some of the major awards won by Ratan Tata are:-
- Padma Bhushan in 2000
- Maharashtra Bhushan in 2006
- Carnegie Medal of Philanthropy in 2007
- Padma Vibhushan in 2008
- Assam Baibhav in 2021
He has received numerous other awards and recognitions for his leadership and dedication.
Ratan Tata – Leading the Legacy of the Tata Group
Even after officially retiring in 2012, Ratan Tata’s influence on the Tata Group remains profound. He continues to serve as the Chairman Emeritus of Tata Sons, the group’s holding company. Under his guidance, the Tata Group has achieved remarkable milestones, including the successful launch of the Tata Nano, the world’s most affordable car.
One of his most notable achievements has been his focus on sustainable and ethical business practices. He has emphasized the importance of corporate social responsibility (CSR) and environmental sustainability in business operations. His commitment to these principles has set a benchmark for corporate leadership worldwide.
Since the legend is running in his mid-80s, people must be worried thinking about who will lead the Tata Group after Ratan Tata. It is currently expected that Natarajan Chandrasekaran, now Chairman of Tata Sons, will look after the Tata Group after Ratan Tata.