Journey of ” Ratan Naval Tata” Who Inspired The World
Ratan Naval Tata was born on December 28, 1937, in Bombay, India to Naval Tata Sonoo. After his parents separated, Ratan and his brother were brought up by their grandmother.
He was brought n a wealthy, famous Parsi family, who’d been in the business since the British rule in India. Ratan Tata is an India Industrialist, inventor philanthropist, and the former chairman of Tata Sons.
School and Career Life
For his education, Ratan attended Campion School and then John Connon School. He graduated from Cornell University in 1962 with a degree in Architecture and Structural Engineering.
He continued his education with an Advanced Management Program at Harvard Business School on 1975. He was in the Alpha Sigma Phi fraternity, a prestigious club in the college.
First Job in 1962
The start of his career was in 1962. On his return, he joined the family business. He even turned down a job offer from IBM. As a child, he was always interested in cars and their functioning. Soon he started working as an ordinary employee in Tata Steel.
His job was to Shovel stones and work with the furnaces. It was a difficult task, but he gained knowledge and respect for his family business.
Blue-Collar Employee
Ratan worked as blue-collar employee till 1971. Given his hard work, he was promoted to the position of director. During the period, the National Radio and Electronics Company were in a terrible state.
However, soon after Ratan Tata joined the company, he made remarkable progress. In 1977, he moved to Empress Mills, which is a part of the Tata Group.
He came up with a plan to make the mill business profitable. However, other Tata executives rejected it. Soon the mill was shut down. So Ratan was moved to Tata Industries.
Became a Chairman of Tata Groups
In 1991, Ratan became the new chairman of Tata Group of companies. Many people questioned his ability to run the business; however, he succeeded and improved the financial state of Tata Industries. Under his direction under his direction, Tata Group acquired major divisions like Tetley, Jaguar, Land Rover and Corus.
He turned the company into a worldwide business. Tata became all the more famous when he introduced the world’s cheapest car, the Tata Nano, in 2008.
Member of Mitsubishi Corporation
On his 75th birthday, he resigned from the post of chairman of the Tata Group. Although he still keeps an eye on the new businesses and actively takes part in the decisions.
That is also a member of the advisory board of Mitsubishi Corporation, JP Morgan Chase, the American International Group, and Booz Allen Hamilton.
RAND Center for Asia Policy
Ratan Tata put his hard work and determination to use for charities as well. Most of his shares are forwarded to charities. One of his primary goals is to improve the quality of life for Indians. He became a member of the Prime Minister’s Council on Trade and Industry. He served on the advisory board of the RAND Centre for Asia Policy. He is also an active participant in India’s AIDS program.
Air India Profitable
Tata was called ‘India’s Most Respected Business Leader’ by Forbes. The Indian government requested Tata to save the airlines Air India from sinking. Tata even successfully managed to make Air India Profitable.
Awards and Achievements Never Ends
Ratan Tata is a renowned personality and has received many awards and recognition across the world. He received the Padma Bhusan in 2000. He also received the Padma Vibhushan in 2008.
Tata was knighted in 2009. He won the Lifetime Achievement Award in 2012. He received an Honorary Doctor of Law degree from York University, Canada in 2014.
That was honored as the 26th Robert S. Hatfield fellow in Economic Education. It’s the highest honor University. He also got a decorated from the London School of Economics. Tata was ranked amongst the ’25 Most Powerful People in Business’ by Fortune magazine in 2007.
Single Life Journey
Ratan Tata never got married. He is a very private person and lives a low-profile lifestyle. He lives in simple house in Mumbai and drives around in a Tata sedan.
He played a major role in raising the standard of living of the common man in India. Ratan Tata has made his country incredibly proud.