Ratan Tata success story | The Pride of India

ratan tata success story

Ratan Naval Tata is an Indian Industrialist, Philanthropist and former Chairman of Tata Sons. He was also chairman of the Tata Group from 1990 to 2012, and again, as interim chairman from October 2016 to February 2017, and continues to head its charitable trusts. He is the recipient of two of India's highest civilian awards, the Padma Vibhushan (2008) and the Padma Bhushan(2000).

Ratan Tata Success Story

Born in 1937, he is a descendant of the Tata family, and the son of Naval Tata, who was later adopted by Ratanji Tata, son of Tata Group founder Jamshetji Tata. He is an alumnus of Cornell University College of Architecture and Harvard Business School through the Advanced Management Program, which he completed in 1975.

He joined their company in 1961 when he worked on the shop floor of Tata Steel, and was the clear successor. To JRD Tata on subsequent retirement in 1991. He acquired Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover, and Tata Steel to acquire Corus, in an effort to transform Tata from a largely India-central conglomerate into a global business.

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Career

Ratan Tata was appointed Director-in-Charge in the National Radio and Electronics Company (Nelco) in the year 1971. At that time the financial condition of this company was very bad. After which Ratan Tata, on the basis of his ability, not only saved the Nelco company from losses but also increased the stake by 20 percent.

However, when Indira Gandhi's government imposed emergency in the country, the economic slowdown caused a lot of trouble. Not only this, in the year 1977, Tata had to face union strike, due to which the Nelco company had to be closed later.

A few months later Ratan Tata was given the responsibility of a textile mill, Impress Mills. During that time this Tata Group company was also running in loss. After which Ratan Tata tried hard to handle it and requested to invest for its modernization, but the investment could not be completed and during that time there was no demand for coarse and medium cotton cloth in the market. faced.

ratan tata success story

Then after some time it was closed. But Ratan Tata was not satisfied with this decision of the group. A few days later, JRD Tata declared Tata Industries as his successor in the year 1981, seeing the potential of Ratan Tata.

However, there was opposition due to not having much experience of Ratan Tata at that time. However, later in the year 1991, Ratan Tata was given the responsibility of chairmanship of Tata Industries and its other companies. Ratan Tata's ability and capability had touched new heights in the Tata group. Never before in the history of the Tata group has it reached such a height.

Under his chairmanship, the Tata group established many of its important projects and gave a new identity to the Tata group not only in the country but also abroad. Under the able leadership of Ratan Tata, Tata Consultancy Services issued a public issue and Tata Motors was listed on the New York Stock Exchange.

In 1998, Tata Motors introduced the first fully Indian passenger car - the Tata Indica - to the market. Thereafter, Tata Tea successfully acquired Tetley, Tata Motors 'Jaguar Land Rover' and Tata Steel 'Corus Group', greatly increasing the reputation of the Tata Group in the Indian industry. With this Ratan Tata also became a respected figure in the business world. The Tata group became the fifth largest steel producer in the world under the leadership of Ratan Tata.

Education

Ratan Tata did his early education from "Cathedral of John Canal School Mumbai and from Bishop Cotton School Shimla. In 1948, when Ratan was 10 years old, his parents got divorced, due to which Ratan Tata was attended by his Grandmother.

Ratan Tata With the desire to become an architect, he took admission in "Corner University" of America for further studies and Ratan Tata thought of taking education on his own, so he himself used to bear the cost of living in America, So he Also did the work of washing dishes in many Hotels. In 1950, he received the degree of Bachelor in Architect.

Net Worth

Ratan Tata's net worth is $1 billion. This person once quoted "I don't believe in making the right decisions. I make decisions and then make them right." And now their decision is worth more than 100 billion USD. Started from the root and now the roof of the Tata group, this man does not need any description, he is none other than Mr. Ratan Tata.

Awards

success story ratan tata

  1. Padma Bhushan (2000)
  2. CNN-IBN Indian of the Year in Business (2006)
  3. Padma Vibhushan (2008)
  4. Asom Ratna (অসম ৰত্ন) (2021)

Facts About Ratan Tata

  • Ratan Tata's father was an adopted son and Tata was raised by his grandmother
  • Ratan Naval Tata is very fond of dogs.
  • Ratan Tata's first job was in Tata Steel which he took in the year 1961. His first responsibility was to manage the blast furnace and shovel limestone.
  • Ratan Tata loves flying and flying. He is a skilled pilot. Ratan Tata was the first Indian to pilot an F-16 Falcon in 2007
  • Ratan Tata had increased the value of the company by 50 times during his 21 years of rule and all that happened because of the decisions made for him.
  • Today Tata Group companies are present in more than 80 countries.
  • Ratan Tata gifted $50 million in 2010 to build an executive center for Harvard Business School.
  • During the Mumbai terror attack, when his five star hotel in Mumbai was targeted, he helped his employees with open arms.


Quotes

ratan tata success story

  • I don't believe in making the right decisions. I make decisions and then correct them.
  • Businesses need to go beyond the interests of their companies to the communities they serve.
  • People still believe that what they read is essentially true.
  • If you want to walk fast, walk alone. But if you want to walk far, walk together.
  • I am constantly telling people to encourage people, question the undeniable and don't be ashamed to come up with new ideas, new processes.
  • I have often felt that the Indian tiger has not been freed.
  • Ups and downs in life are very important for us to keep going, because even a straight line in the ECG means that we are not alive.
  • If it stands up to public scrutiny, do it... If it doesn't stand up to public scrutiny, don't do it.
  • Power and money are not my two main bets.
  • No one can destroy iron, but its own can rust! Similarly no one can destroy a person, but his own mentality can!

_Ratan Tata

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