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Ratan Tata: An Icon in Indian Business

ByPawandeep Singh

Nov 28, 2022
Ratan Tata
Ratan Tata is a man who has invariably believed in giving back to society. There would be rarely anyone who doesn’t know about Ratan Tata. He is a role model for many people and they ever try to tell his journey of being a successful entrepreneur to motivate and provoke other budding entrepreneurs. “If you want to walk fast, walk alone. But if you want to walk so far, walk together.” …….. Ratan Tata is one of those rare humans who believed in composing value for all and enabling others to be successful as well.
Table of Contents

Who is Ratan Tata?

From 1991 until his retirement on December 28, 2012, Mr. Ratan N. Tata was appointed as the chairman of Tata Sons the holding company for the Tata Group. The group’s profits increase during his leadership, reaching over $100 billion in 2011–12. Mr. Ratan Tata has earned the honorific title of Chairman Emeritus of Tata Sons, Tata Industries, Tata Motors, Tata Steel, as well as Tata Chemicals following his retirement. Major Tata businesses such as Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Taj Hotels, and Tata Teleservices were all led by Mr. Tata. Quick Details
Full Name  Ratan Naval Tata
Profession(s) Businessman, Industrialist, Investor, Philanthropist
Date of Birth 28th December 1937
Age  83 years
Birthplace  Bombay, India
Nationality  Indian
School Campion School, Mumbai Cathedral and John Connon School, Mumbai
College/University  Cornell University, USA Harvard Business School, Harvard University USA
Title Chairman of Emeritus, Tata Sons and Tata Group
Net Worth  $1 Billion

Ratan Tata’s Early Life-

    • Ratan was born into the illustrious and wealthy Tata family in 1937. He was born into a life of luxury, yet he was never betrayed by it. Ratan Tata has never been the finest social butterfly; he has always been introverted.
    • His parents’ segregation in 1948 caused a deep crisis for his family. After this incident, Ratan Tata’s grandmother, Navajbai Tata, lawfully adopted him through the J. N. Petit Parsi Orphanage and accepted him and his young stepbrother into her home. His life starts in the Tata palace because of this.
    • At the young age of 10, when he was distinct from his parents, he did feel depressed and disappointed, but he assisted a clear vision for his future. With that mindset, he gained his bachelor’s degree in 1959.
    • Moving on to Ratan Tata’s higher schooling, he first went for a degree in mechanical engineering but changed his major at his grandmother’s urging and completed his graduate studies in architecture.

Why Ratan Tata is such an inspiration?

Because of his energetic leadership abilities, Ratan Tata serves as an inspiration to modernized business owners and entrepreneurs. Tata’s success can be attributed to the management’s and employees’ loyalty to its core principles. The enormous conglomerate observes the Tata ideals thanks to Ratan Tata’s efforts. Despite all of his achievements, he is not in mid the richest people in the world. His extensive charity struggle is the cause. He’s always been a supporter of giving back to the community. This man deserves every bit of appreciation in the business sector for his lofty ideas.

Notable Awards won by Ratan Tata-

Be ready the list Is too long……
Year Name Awarding organization
2016 Commander of the Legion of Honour Government of France
2015 Sayaji Ratna Award Baroda Management Association, Honoris Causa, HEC Paris
2015 Honorary Doctor of Automotive Engineering Clemson University
2014 Honorary Doctor of Laws York University, Canada
2014 Honorary Knight Grand Cross of the Most Excellent Order of the British Empire (GBE) United Kingdom Government
2014 Sayaji Ratan Award Baroda Management Association
2014 Honorary Doctor of Business Singapore Management University
2013 Honorary Doctorate University of Amsterdam
2013 Honorary Doctor of Business Practice Carnegie Mellon University
2013 Ernst and Young Entrepreneur of the Year – Lifetime Achievement Ernst & Young
2013 Transformational Leader of the Decade Indian Affairs India Leadership Conclave 2013
2013 Foreign Associate National Academy of Engineering
2012 Grand Cordon of the Order of the Rising Sun Government of Japan
2012 Doctor of Business honoris causa University of New South Wales
2012 Honorary Fellow The Royal Academy of Engineering[5]
2010 Business Leader of the Year The Asian Awards.
2010 Business for Peace Award Business for Peace Foundation
2010 Honorary Doctor of Laws Pepperdine University
2010 Legend in Leadership Award Yale University
2010 Oslo Business for Peace award Business for Peace Foundation
2010 Hadrian Award World Monuments Fund
2010 Honorary Doctor of Law University of Cambridge
2009 Grand Officer of the Order of Merit of the Italian Republic Italy
2009 Life Time Contribution Award in Engineering for 2008 Indian National Academy of Engineering
2009 Honorary Knight Commander of the Order of the British Empire (KBE) United Kingdom
2008 Inspired Leadership Award The Performance Theatre
2008 Honorary Fellowship The Institution of Engineering and Technology
2008 Honorary Citizen Award Government of Singapore
2008 Honorary Doctor of Science Indian Institute of Technology Kharagpur.
2008 Honorary Doctor of Science Indian Institute of Technology Bombay.
2008 Honorary Doctor of Law The University of Cambridge.
2007 Carnegie Medal of Philanthropy Carnegie Endowment for International Peace.
2007 Honorary Fellowship The London School of Economics and Political Science

Tata Group

    • Mumbai serves as the home base for the Indian multinational company accepted as the Tata Group. It is the largest conglomerate in the Indian region and was founded in 1868.
    • It has activities in 100 nations over six continents and sells goods and services in over 150 nations. Jamshedji Tata, who is recognized as the founder of the Tata Group, is occasionally referred to as the “father of Indian industry.”
    • After purchasing multiple multinational corporations, the company attained recognition on a global scale.
    • Ratan Tata has played a very crucial role in Tata Group into what it is right now. Under the direction and control of its own BOD and shareholders, each Tata firm runs on its own.
    • Tata Sons, the holding company for the Tata family, is restrained by philanthropic trusts to the tune of 66 percent, with the Tata family having an almost modest stake
    • The company generated a projected $128 billion in sales per annum as of 2022. It made a 4% contribution in the year 2018.

5 Inspirational quotes by Ratan Tata–

    1. “keep the stones people throw at you. And use them to create a monument.”
    1. “A person who is trying to copy others will be a successful person for a while, though he won’t be able to succeed further in life.”
    1. “I don’t believe in taking accurate decisions. I take decisions and then make them accurate.”
    1. “Nothing can destroy iron, however its own rust can. Likewise, nothing can destroy a person, however, his own mindset can.”
    1. Wo insaan jo dusaro ki nakal karta hai thode time ke liye safal ho sakta hai per jiwan me bahut aage nahi badh sakta”

Conclusion-

The story of Ratan Tata concludes that he is a very humble and gracious person. Despite all of his achievements, he is not among the wealthiest people in the world, the reason behind it is all the philanthropic work he does. He demonstrated that being on the Forbes list does not make a person wealthy, but actions do. Hope you appreciate what you read and that it gave you some motivation. Stay connected with us to know more about that inspirational article.

FAQ-

Q1. Who is Ratan Tata’s Wife? Ans. Ratan Tata is Unmarried. Q2. What is Ratan Tata’s Net worth? Ans. Ratan Tata Net Worth is $1 Billion. Q3. Does Ratan Tata know how to fly a plane? Ans. Yes, Ratan Tata loves flights and flying. He is a skilled pilot. Ratan Tata was the prime Indian to pilot F-16 Falcon in 2007. Q4. What was Ratan Tata’s first job? Ans. Ratan Tata began working at Tata Steel in 1961, which was his first position. The operation of the blast furnace and shovelings of limestone were his first duties. Q5. What is the estimated Salary of Ratan Tata? Ans. Ratan Tata’s estimated salary is ₹820 Crore Per Year.

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