Ratan Tata, one of India’s most respected industrialists and philanthropists.
Ratan Tata Personal Info :
| Full Name | Ratan Naval Tata |
| Date Of Birth | 28 December 1937 |
| Birth Place | Mumbai, Maharashtra India |
| Nationality | Indian |
| Profession | Former Chairman of TATA Group |
| Occupation | Industrialist, Philanthropist |
| Martial status | Unmarried |
Age :
December 28, 1937, and passed away on October 9, 2024, at the age of 86.
Ratan Tata Net-worth :
₹3,800 crore and ₹7,900 crore (approximately $460 million to $950 million).
Family :
| Father | Naval Tata |
| Mother | Sooni Tata |
| Grandfather (Adaptive) | Sir Ratanji Tata (he was adopted by Navajbai Tata) |
| Sibling | Half-brother Noel Tata |
Ratan Tata Education:
| School | Cathedral and John Connon School, Mumbai |
| College | Cornell University, USA (Architecture and Structural Engineering) |
| Other Studies | Advanced Management Program at Harvard Business School (1975) |
Legacy and Philanthropy :
Ratan Tata’s will reflected his deep personal values. He allocated a significant portion of his wealth to his loyal staff and his beloved dog, Tito, ensuring they were well cared for. His commitment to philanthropy and ethical leadership continues to inspire many across the globe.Strong focus on healthcare, education, and rural development.Tata Trusts, which he heads, controls about 66% of the equity of Tata Sons and plays a big role in social development in India.
Ratan Tata Career :
He joined Tata Sons in 1962, where he worked on the floor. It was a strenuous and difficult job, but he gained experience and understanding of the family business. In 1971, he was made Director-in-charge of the NELCO (National Radio and Electronics Company Ltd).
The company was going through a financial crisis phase. Ratan Tata worked hard to build an improved consumer electronics division, but the economic recession and Union issues did not prove successful. In 1977, he was transferred to Empress Mills, another struggling Tata Group unit. He made a plan for the mill’s revival, but the other company executives rejected it, and the mill was shut down. Ratan Tata was yet again moved to Tata Industries.
In 1991, JRD Tata appointed Ratan Tata the Chairman of the Tata Group. There were objections from other executives amid concern regarding his ability to manage the responsibilities. Once at the Tata Group’s helm, Ratan Tata successfully improved the organisation’s overall position. He modified the management and vision of the division and also managed to increase the dividends. During this period, he was also a Prime Minister’s Council on Trade and Industry member. He was on the advisory board of the RAND for the Asia Pacific Policy. He is an active member of India’s AIDS initiative program.He is also a member of the Mitsubishi corporation international advisory board, JP Morgan Chase, Booz Allen Hamilton, and the American International Group.
In December 2012, on his 75th birthday, Ratan Tata resigned as chairman of Tata Group. Cyrus Mistry, the Managing Director of Shapoorji Pallonji Group, became the new chairman of the Tata Group. He acted as the interim chairman from October 2016 through February 2017. Retirement does not hold him back as he still actively invests in new promising business ventures.
He is a dedicated philanthropist and contributes significantly to various charities in the country.
Achievements and Awards :
| Padma Bhushan (3rd highest civilian honour of the Govt. of India (2000)). |
| Medal of the Oriental Republic of Uruguay (Govt. of Uruguay (2004)).. |
| International Distinguished Achievement Award (B’nai B’rith International (2005)). |
| Honorary Fellowship of The London School of Economics and Political Science (2007) |
| Padma Vibhushan (2nd highest civilian honour of the Govt. of India (2008)). |
| Award of ‘Grand Officer’ of the Order of Merit of the Italian Republic (Government of Italy (2009)). |
| Title of Honorary Knight Commander of the Order of the British Empire, United Kingdom (2009). |
| Oslo Business for Peace Award (Business for Peace Foundation (2010)). |
| Honorary Knight Grand Cross of The Order of the British Empire (2014). |