Full Name: Ratan Naval Tata
Famous for: Chairman Emeritus Of Tata Sons
Birth Date: December 28, 1937
Birthplace: Surat, India
Age: 80 Years
Sun Sign: Capricorn
Height: 1.78 M
Father Name: Naval Tata
Mother Name: Sooni Tata
Siblings: Noel Tata
Marital status: Single
Founder/Co-Founder of: Tata DoCoMo, Tata Teleservices
ABOUT RATAN TATA
EARLY LIFE AND CAREER OF RATAN TATA
Ratan Tata is the son of Naval Tata. His parents Naval and Sonoo separated in 1948 when he was ten years old and his younger brother Jimmy was seven years old. They both were raised by their grandmother Navajbai Tata.
He had done his schooling in Mumbai and Shimla. He has received bachelor’s degree in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in the year 1975.
After completing his higher studies returned to India and turned down a job at IBM on JRD Tata’s advice and joined the Tata Group in the year1962.
He started his career with the Tata Steel division where he shoveled stones and worked with the furnaces along with the blue-collar employees. this was a difficult job for him it helped him gain a better understanding and respect for his family business.
In the year1971, he was appointed as the Director of National Radio and Electronics, which was in a bad state of 40% losses and only 2% of consumer market share. But after his taking charge of the company, company he gave its statistics an upward turn, he took the company from 2% of market share to 25%.
In the year 1977, he moved to Empress Mills, a struggling textile mill within the Tata Group. He introduced a plan for the company but the other executives in tata rejected it and the mill was shut down. Later, he was moved to the Tata Industries.
In the year 1991, J.R.D. Tata declared him as the new Chairman of the Tata Group of Companies. Many questions were raised regarding his ability to run the corporation. but under his leadership, Tata Group reached absolutely new heights which had never been experienced by the group earlier before. he transformed the management and vision of the company.
During the 21 years he led the Tata Group the revenue of the company grew over 40 times, and profit, over 50 times. Where sales of the group as a whole, overwhelmingly came from commodities when he took over, the majority sales came from brands when he exited.
He boldly got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover and Tata Steel to acquire Corus. his initiatives turned Tata from a largely India-centric group into a global business, with over 65% revenues coming from operations and sales in over 100 countries.
On 28 December 2012, after turning 75 he appointed Cyrus Mistry as his successor, but for some reasons on 24 October 2016, Cyrus Mistry was removed as the Chairman of Tata Sons and Ratan Tata was made the interim chairman of the company.
HONOURS AND AWARDS RECEIVED BY RATAN TATA
|Padma Bhushan||Goverment of india||2000|
|Padma Vibhushan||Goverment of india||2008|
|Honorary Doctor of Business Administration||Ohio State University||2001|
|Medal of the Oriental Republic of Uruguay||Government of Uruguay||2004|
|Honorary Doctor of Technology||Asian Institute of Technology||2004|
|Honorary Doctor of Science||University of Warwick||2005|
|Honorary Doctor of Science||Indian Institute of Technology Madras||2006|
|Honorary Fellowship||The London School of Economics and Political Science||2007|
|Carnegie Medal of Philanthropy||Carnegie Endowment for International Peace.||2007|
|Honorary Doctor of Law||University of Cambridge||2008|
|Honorary Doctor of Science||Indian Institute of Technology Bombay.||2008|
|Honorary Doctor of Science||Indian Institute of Technology Kharagpur||2008|
|Honorary Citizen Award||Government of Singapore||2008|
|Honorary Fellowship||The Institution of Engineering and Technology||2008|
|Inspired Leadership Award||The Performance Theatre||2008|
|Honorary Knight Commander of the Order of the British Empire||United Kingdom||2009|
|Life Time Contribution Award in Engineering for 2008||Indian National Academy of Engineering||2009|
|Grand Officer of the Order of Merit of the Italian Republic||Italy||2009|
|Honorary Doctor of Law||University of Cambridge||2010|
|Hadrian Award||World Monuments Fund||2010|
|Legend in Leadership Award||Yale University||2010|
|Honorary Doctor of Laws||Pepperdine University||2010|
|Business Leader of the Year||The Asian Awards||2012|
|Honorary Fellow||The Royal Academy of Engineering||2012|
|Doctor of Business honoris causa||University of New South Wales||2012|
|Grand Cordon of the Order of the Rising Sun||Government of Japan||2013|
|Doctor of Business honoris causa||University of New South Wales||2013|
|Grand Cordon of the Order of the Rising Sun||Goverment of japan||2013|
|Transformational Leader of the Decade||Indian Affairs India Leadership Conclave 2013||2013|
|Honorary Doctor of Business Practice||Carnegie Mellon University||2013|
|Honorary Doctorate||University of Amsterdam||2014|
|Honorary Doctor of Business||Singapore Management University||2014|
|Sayaji Ratna Award||Singapore Management University||2014|
|Honorary Doctor of Laws||York University, Canada||2015|
|Honorary Doctor of Automotive Engineering||Clemson University||2015|