Ratan Naval Tata
Ratan Naval Tata ( born 28 December 1937, Mumbai ) is the current chairman of the Tata group, India's largest trading group, founded by Jamsetji Tata and extended by generations of his family.
In 1971, Ratan Tata was appointed director-in-charge of National Radio and Electronics Company Limited (Nelco), a company in dire financial straits. Ratan suggested that the company should invest in the development of high-technology products rather than consumer electronics.
JRD was reluctant because of Nelco's historical financial performance, as it had never paid regular dividends before. Furthermore, when Ratan took over, Consumer Electronics Nelco had a market share of 2% and a loss of 60% of sales. Nevertheless, JRD followed Ratan's suggestion.
From 1972 to 1975, Nelco eventually increased its market share to 20% and also recovered its losses. But in 1975, Indira Gandhi, the Prime Minister of India, declared a state of emergency, which led to the economic downturn.
After this union problems occurred in 1977, so the production could not improve even after the demand increased. Eventually, Tata faced a union strike, a lockout for seven months. Ratan always believed in Nelco's fundamental tenacity, but the venture could not be further.
In 1977, Ratan went to Empress Mills Sampa, a Tata-controlled textile mill. When he took over the company, it was one of the ailing units of the Tata group. Ratan took over and even announced a dividend. As Ratan's insistence was made, some investment was made, but it was not enough, as the competition for less labor-intensive enterprises made many companies such as Impress unviable, which had a high workforce and spent very little on modernization.
As the market for coarse and medium cotton fabrics was unfavorable (which was the total production of Empress), Empress suffered heavy losses. Bombay House, Tata Headquarters, was unwilling to divert funds from other group companies to ventures that need long-term care. Therefore, some Tata directors, mainly Nani Palkiwala Decided that Tata should abolish the mill, which was finally closed in 1986.
Ratan was deeply disappointed by this decision and later in an interview with Hindustan Times claimed that Empress needed only Rs 50 lakh to continue the mill.
In the year 1981, Ratan was made the chairman of Tata Industries and other holding companies of the group, where he was responsible for transforming the group's strategic idea group and promoter of new ventures into high technology businesses.
In 1991, he took over the charge of Group Chair Main from JRD. The Tatas removed the old guards and the young managers were given responsibilities. Since then, they have changed the shape of the Tata group, which today holds more market capital than any other business venture in the Indian stock market.
Under Ratan's guidance, Tata Consultancy Services became a public corporation and Tata Motors was listed on the New York Stock Exchange. In 1998, Tata Motors launched their conceptualized Tata Indica.
On 31 January 2007, under the chairmanship of Ratan Tata, Tata Sons successfully acquired the Corus Group, an Anglo-Dutch aluminum and steel manufacturer. With this acquisition, Ratan Tata became a prominent figure in the Indian business world. As a result of this merger, the world got the fifth-largest steel-producing institution.
US $ 2,200; America today). He fulfilled his dream by inaugurating this car on January 10, 2007, at the Auto Expo in New Delhi. Three models of the Tata Nano were announced and Ratan Tata fulfilled the promise of giving the car a market price of just Rs 1 lakh, citing his promise to provide the car at this price saying "The promise is a promise" "Ratan Tata's dream was to make a car worth Rs 100,000. (1979: approx.
On 26 March 2007, Tata Motors under Ratan Tata bought Jaguar and Land Rover from Ford Motor Company. British luxury icons Jaguar and Land Rover ( Land Rover ) £ 1.15 billion ($ 2.3 billion), went purchased.
Childhood of Ratan Tata
Although Ratan Tata was indeed born with a silver spoon, his childhood went through a very difficult time. At the tender age of six, his parents separated, leaving his grandmother to care for Ratan Tata and his brother. His father also sold his bungalow.
Teaching
After completing his schooling at Campion School, Ratan Tata enrolled at Cornell University in the United States to become an architect. Forgetting the name Tata, Ratan Tata set out to complete his education on his feet, during his ten-year stay in the United States, from washing dishes in a hotel to working as a clerk.
After completing his education at Cornell University, he also received a degree in management from Howard University. At the same time, the then head of the Tata group, J. R. D. He met Tata.
Personal life of Ratan Tata
Ratan Tata is a shy person, does not believe in the false glow of society, and has been living in a bachelor's flat full of books and dogs in the Colaba district of Mumbai for years. Ratan Tata has chosen his new successor. Cyrus Mistry will replace Ratan Tata but he will work with him for a year before completely replacing him. In December 2012, he will fully take over the responsibility of the group. Plunji Mistry's younger son and Managing Director of Shapoorji-Plunji Cyrus MistryHolds a bachelor's degree in civil engineering from Imperial College, London, and a degree in management from London Business School. He is currently the managing director of Shapoorji Palanji, the largest shareholder in Tata Sons. Cyrus has been associated with the Tata group since 2006, and Mistry has been associated with the Tata Sons group of directors since 2006.
Awards and recognition
On January 25, 2000, Ratan Tata was awarded the third civilian award Padma Bhushan during the 50th Republic Day celebrations of India. He was awarded the Padma Vibhushan, the second-highest civilian award in India, on 24 January 2007. The NASSCOM Global Leadership ( NASSCOM Global Leadership was one of the recipients) Award -2008. The award was given to him on 14 February 2007 at a function in Mumbai. Ratan Tata received the Karnagai Medal of Philanthropy in 2008 from the Tata family.
Ratan Tata holds senior positions in various organizations in India and is a member of the Prime Minister's Council on Trade and Industry. In March 2007, Tata was awarded the 24th Robert S. Honor by Cornell University. Hatfield Ratna Member in Economic Education, the highest honor the University Company confers to eminent individuals in the field.
Ratan Tata's foreign relations Mitsubishi Corporation ( Mitsubishi Corporation ), American International Group ( American International Group ), JP Morgan Chase ( JP Morgan Chase ), and Booz Allen Hamilton ( Booz Allen Hamilton's membership of the International Advisory Board). The RAND Corporation ( RAND Corporation ) and his alma mater ( Alma Mater ): Cornell University ( Cornell University ) and the University of Southern California ( University Of Southern California) Is also a member of the Board of Trustees.
He is a board member of the International Investment Council of the Republic of South Africa and a member of the Asia-Pacific Advisory Committee of the New York Stock Exchange. Tata Asia Rand Center Advisory Board, former board of West Center of Governors of the Pacific Policy and Bill and Melinda Gates Foundation ( Bill & Melinda Gates Foundation serving) India AIDS Inishiattiv program board. In February 2004, Ratan Tata and China's Zhejiang Province Hangzhou ( Hangzhou was awarded an honorary economic advisor) city.
He recently the London School of Economics ( London School Of Economics was awarded an honorary doctorate) and in November 2007, Fortune magazine was included him in the list of 25 most influential people in business. In May 2008, Tata was included in Time magazine's 2008 list of the 100 most influential people in the world. Tata was praised for his small Rs 1 lakh car, the 'Nano'. One of the important people who kept his promise.
Ratan Tata's inspirational thoughts
Ratan Tata, who has been the President of Tata for more than 20 years, is known as a living legend in the Indian business world.
If you want to move on quickly, go it alone. But if you want to go far, take everyone with you.
Every person has some qualities and talents. Therefore, every person should recognize our qualities and talents in us.
I admire the people who have succeeded. But if that success was achieved very ruthlessly, I would praise but not respect those people.
To be great is to do small things that will make the country stronger. Like not wasting water, saving electricity, and taking as much food as you need. We will go to a superpower by making our country great in such a small way.
Honor
Ratan Tata, the Sun in 2000 in India's industry and trade in the Padma Bhushan was awarded. They are from the state of Gujarat
