New Delhi: Tata Sons’ Chairman Emeritus Ratan Tata turned 83 today (December 28, 2020). Ratan Tata is one of the most successful businessmen in the country. The one thing that differentiates Ratan Tata from other industrialists is his values. He gives top priority to kindness and empathy while conducting business. Here are few interesting facts you need to know about Ratan Tata.
1) Ratan Tata was born on 1937 in Surat, Gujurat. His father’s name was Naval Tata while Sooni Tata was his mother. Naval Tata was the adopted grandson of Jamsetji Tata, founder of the Tata Group. He started his career with Tata Group in 1962 at the age of 25. He later went to Harvard Business School to complete his studies. He is also an alumnus of the Cornell University College of Architecture.
2) He became the fifth chairman of Tata Group in 1991 after JRD Tata. During his tenure as the salt-to software conglomerate’s chairman he took many initiatives to take Tata Group’s business to a new high. he started Tata Teleservices and also designed and launched the Indica car, India’s first indigenously developed car. The group acquired VSNL, which was India’s top international telecom service provider at that time, under his reign.
3) Tata Consultancy Services (TCS) was made public in 2004 during his tenure. He also designed and launched Nano, the world’s cheapest car in 2008. Under his leadership, Tata Group got recognition on the global platform when it acquired Anglo-Dutch steelmaker Corus and British luxury brands Jaguar and Land Rover and British tea firm Tetly. Ratan tata also formed a joint venture between the Tata Group and American International Group Inc.
4) Ratan Tata is also wellknown as a successful investor. He has invested money in many startups at the early stage which have now become unicorns. According to a news report after Ratan Tata invested in cab aggregator Ola its share prices rose from Rs 15,87,392 to Rs 29,44,805 in November 2015. Other than Ola, he has also invested in successful startups like Paytm, CarDekho, Curefit, Snapdeal, Abra, ClimaCell, FirstCry, Urban Ladder, Lenskart and many more.
5) The Tata Sons’ Chairman Emeritus is also well known for his philanthropy. When former Indian President K. R. Narayanan bestowed the Padma Bhushan Award upon Ratan Tata for his distinguished service to the country, he eagerly mentioned that he went to university on a Tata scholarship. He tackled philanthropy with the same zeal in which he stewarded the Tata Group. Under his leadership Tata Trust approached the daunting problem of child malnutrition from multiple angles, fortifying staple foods, focusing on maternal health, and aiming to alleviate poverty, along with providing 60,000 meal a day throughout their programs.