RATAN NAVAL TATA ( 28/12/1937 TO 09/10/2024 )
Ratan Tata was born on December 28, 1937, into a Parsi Zoroastrian household in Bombay (now Mumbai), during the British Raj.He was the son of Naval Tata, a Surat native who was later adopted into the Tata family, and Soonoo Tata, Jamsetji Tata's niece, the founder of the Tata group.Naval Ratan Tata was an Indian philanthropist and industrialist. From 1991 to 2012, he presided over Tata Group and Tata Sons as chairman. From October 2016 to February 2017, he was acting chairman. He was awarded the Padma Bhushan in 2000, which is India's third-highest civilian honor, and the Padma Vibhushan, which is India's second-highest civilian honor, in 2008.
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| Ratan Tata Sir. |
The founder of the Tata Group, Ratanji Tata, son of Jamshedji Tata, adopted Naval Tata, who in turn gave birth to Ratan Tata. He received a bachelor's degree in architecture from Cornell University College of Architecture. In 1962, he began working on the Tata Steel shop floor before joining the Tata Group. Later, once J. R. D. Tata retired from Tata Sons in 1991, he took over as chairman. In an effort to transform Tata from a primarily India-focused company into a worldwide enterprise, the Tata Group purchased Tetley, Jaguar Land Rover, and Corus during his leadership.
Tata made around 40 start-up investments over his lifetime, most of them through his company RNT Capital Advisors and some of them on his own. In Indian industry, Ratan Tata has worked as a revolutionary. The companies that Ratan Tata founded have revolutionized the Indian industrial sector. Companies from Tata Salt to Jaguar and Land Rover have reached new heights because to Ratan Tata ji.
Educational Life of Ratan Naval Tata.
Ratan Tata was born on December 28, 1937, into a Parsi Zoroastrian household in Bombay (now Mumbai), during the British Raj.He was the son of Naval Tata, a Surat native who was later adopted into the Tata family, and Soonoo Tata, Jamsetji Tata's niece, the founder of the Tata group. Hormusji Tata, Tata's biological grandfather, was a Tata family member by blood. When Tata was ten years old in 1948, his parents divorced, and he was taken in and reared by his grandmother, Navajbai Tata, who was also Ratanji Tata's widow. From Naval Tata's second marriage to his stepmother Simone Tata, he had a half-brother, Noel Tata, and a younger brother, Jimmy Tata.
Tata attended the Campion School in Bombay through the eighth grade. He then pursued his education at the Bishop Cotton School in Shimla, the Cathedral and John Connon School in Mumbai, and the Riverdale Country School in New York City, where he earned his diploma in 1955. Tata attended Cornell University after high school and earned a bachelor's degree in architecture there in 1962.Tata joined the fraternity Alpha Sigma Phi when he was still an undergraduate at Cornell. Tata became the biggest foreign donor in Cornell's history in 2008 when he gave the university a $50 million donation.
Career And Achievement of Ratan Tata.
* Tata first met architect A. Quincy Jones in 1961 while he was working as an architecture design critic at Cornell for three weeks. Tata briefly worked with Jones at his Los Angeles business Jones & Emmons after graduating from Cornell. Tata's grandma called him back to India while he was about to move to Los Angeles.
* Ratan Tata was appointed manager of the Tata group in the 1970s. His initial success came from turning around the National Radio and Electronics (NELCO) division, but amid a recession, the company failed.
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| INDIAN LEGEND |
* He was named J. R. D. Tata's successor when he resigned from his position as chairman of Tata Sons in 1991. At first, Tata encountered strong opposition from the leaders of different subsidiaries, who had considerable operational autonomy during the older Tata's leadership. Tata responded by enacting several policies aimed at consolidating power. These policies included setting a retirement age, mandating that subsidiaries report directly to the group headquarters, and asking subsidiaries to use their profits to further the Tata group brand. Tata gave innovation top priority and gave younger employees a lot of responsibility. Under his direction, the organization exited unrelated businesses to face globalization and consolidated overlapping functions across subsidiaries into company-wide operations.
* Revenue increased by almost 40 times and profit by over 50 times during the 21 years that Tata presided over the Tata Group. Sales were mostly made up of commodities when he took over the company, but by the time he left, brands accounted for the majority of sales. He oversaw the acquisitions of Tetley by Tata Tea, Jaguar Land Rover by Tata Motors, and Corus by Tata Steel. Through these purchases, Tata was repositioned as a global enterprise with over 65% of revenue derived from operations and sales outside of India. Previously, the company was primarily focused on India. Following the huge success of the Diesel Tata Indica, he also conceptualized and oversaw the development of the Tata Nano, which helped bring cars within the budget of the typical Indian consumer. From its Sanand Plant in Gujarat, Tata Motors has now launched the first batch of Tigor Electric Vehicles, which the company has dubbed as "fast-forwarding India's electric dream.
* On December 28, 2012, Ratan Tata, who turned 75, resigned as the Tata group's executive chairman. Media attention was focused on a leadership crisis that followed regarding his succession. Cyrus Mistry, a Tata family member and the son of Pallonji Mistry of the Shapoorji Pallonji Group the Tata group's largest individual shareholder was chosen by the board of directors of the firm to succeed him.
* In April 2015, it was reported that Tata had acquired a stake in Chinese smartphone startup Xiaomi.
* Ratan Tata took over as Tata Sons' acting chairman on October 24, 2016, following Cyrus Mistry's resignation. To pick a replacement, a selection committee was established, of which Tata was a member. He made investments in CashKaro.com, a website that offers discount coupons and cash-back, and Teabox, an online retailer of premium Indian tea, in January 2016. He had made a few minor investments in Indian startups and established businesses, including INR 0.95 Cr in Ola Cabs.He made an investment in Nestaway in 2016, which went on to launch Dogspot, an online marketplace for real estate and pet supplies, after acquiring Zenify.Tata also started a senior citizen companionship program called Goodfellows to promote connections across generations.
* Natarajan Chandrasekaran was appointed chairman of Tata Sons on January 12, 2017, having taken up the position in February of the same year. Mistry lost her position as a Tata Sons director in February 2017.
* In December 2019, the National Company Law Appellate Tribunal ruled that Cyrus Mistry's dismissal from Tata Sons as chairman was unlawful and mandated his reinstatement. The Supreme Court of India affirmed Cyrus Mistry's dismissal after an appeal.
Being A Social Worker, Ratan Tata.
In keeping with his family's customs, Ratan Tata has led numerous social welfare groups in India. Seventy percent of Ratan Tata's income is donated to the Tata Group's social welfare and non-governmental organizations. In keeping with his family's customs, Ratan Tata has led numerous social welfare groups in India. Seventy percent of Ratan Tata's income is donated to the Tata Group's social welfare and non-governmental organizations. Tata was regarded as one of India's greatest philanthropists and a champion of rural development, healthcare, and education. The largest foreign benefactor to Cornell University was Ratan Tata.
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| RATAN TATA (CEO TATA MOTORS) |
Some special contributions made by Ratan Tata ji are as follows :-
* California University :- November 2018 saw the opening of Tata Hall, a cutting edge research center at the University of California, San Diego. The Tata Trusts, who gave $70 million to UC San Diego in 2016 to found the Tata Institute for Genetics and Society, which is housed in the building, are honored in the building's name. The Tata Trusts and UC San Diego collaborated to create the Tata Institute for Genetics and Society. It attempts to tackle some of the most urgent issues facing the globe today, like the need for sustainable food sources and the development of contagious illnesses.
The institute conducts research on a variety of subjects, such as disease control, stem cell therapy, and gene editing.At UC San Diego, research facilities for the biological and physical sciences are housed in Tata Hall, a four-story structure spanning 128,000 square feet. The building's offices, conference rooms, and labs are intended to encourage cooperation and creativity among scholars. This LEED-certified structure was created with energy efficiency and environmental sustainability in mind.
* TATA Group's Tata Education and Development Trust :- The $28 million Tata Scholarship Fund was endowed by the Tata Education and Development Trust, a charitable arm of the Tata Group, enabling Cornell University to offer financial aid to Indian undergraduate students. The scholarship fund will guarantee that the top Indian students, regardless of their financial situation, can attend Cornell, supporting about 20 scholars at any given time. Recipients will receive the scholarship each year for the length of their undergraduate studies at Cornell.
* New South Wells University :- In order to provide better water for underserved communities, Tata assisted the University of New South Wales Faculty of Engineering in developing capacitive deionization.
* Victims of 1984 Anti Sikh Genocide :- Tata provided trucks through Tata Motors as a means of aiding the impacted Sikh survivors during the 1984 Sikh slaughter. This made it possible for Sikh truck drivers to resume their livelihoods after they lost their cars due to the violence. His altruistic gift helped numerous Sikh victims start over in life and in business. Sikh drivers in Punjab and other regions of India are still devoted Tata truck buyers as a result of this gesture.
* Cornell University :- The largest foreign benefactor to Cornell University was Ratan Tata. Ratan Tata was honored by Cornell University for his visionary leadership, generosity, and dedication to research and education, especially through the Tata-Cornell Institute for Agriculture and Nutrition.
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| RATAN TATA (OLD AGE ) |
* Tata's Innovation Center at Cornell Tech :- Named by Ratan Tata, Cornell Tech's Tata Innovation Center unites academia and business in a structure on the Roosevelt Island campus. Thirty percent of the building is used for academic space, and the remaining seven floors are leased for commercial use. The main purpose of the facility is to serve as a business incubator for academics, staff, and students. TCS, or Tata Consultancy Services, occupies the space.
* Tata's Executive Centre at Harvard Business School :- A $50 million donation from Tata Group enterprises and Tata charities was made in 2010 to build an executive center at Harvard Business School (HBS).Tata Hall is the name of the executive center, honoring Ratan Tata.One estimate puts the entire cost of construction at $100 million.Tata Hall, the home of the Harvard Business School's mid-career executive education program, is situated in the northeastern part of the campus. It is approximately 155,000 gross square feet and seven floors high. Around 180 bedrooms are housed there, along with academic and multipurpose spaces.
* Indian Institute of Technology :- In order to create design and engineering principles that are appropriate for the needs of individuals and communities with limited resources, the Tata Group established the Tata Centre for Technology and Design (TCTD) and donated ₹950 million to the Indian Institute of Technology, Bombay in 2014.
* Indian Centre of Neuroscience :- Under the direction of Ratan Tata, the Tata Trusts awarded a ₹750 million funding to the Indian Institute of Science's Centre for Neuroscience to investigate the fundamental causes of Alzheimer's disease and develop strategies for early detection and treatment. The award was to be disbursed over five years, beginning in 2014.
* MIT Tata Centre of Technology and Design :- With an initial focus on India, the Tata Group, led by Ratan Tata, established the MIT Tata Center of Technology and Design at Massachusetts Institute of Technology (MIT) to solve the issues faced by communities with little resources.
ORGANIZITAION MEMBERSHIP AND ROLE OF RATAN NAVAL TATA.
Tata Sons' acting chairman was Ratan Tata. With a combined 66% ownership in Tata Sons, the parent company of the Tata group, he oversaw the two principal Tata trusts, Sir Dorabji Tata and affiliated Trusts and Sir Ratan Tata Trust and their affiliated trusts.
He worked with organizations in India and outside in a variety of roles. He was a member of the National Manufacturing Competitiveness Council and the Prime Minister's Council on Trade and Industry. He was on the Pritzker Architecture Prize jury, which is regarded as one of the top architectural awards in the world.
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| WORLDS SOCIAL MAN |
Tata had been a member of the Cornell University Board of Trustees for many years, during which time he directly advised the administration of the university on matters pertaining to its worldwide engagement, especially in relation to projects involving India. Tata had also been on the committees for development, student life, and academic affairs on the board. He received the 2013 Cornell Entrepreneur of the Year award.
He served as a director on the boards of the East-West Center, Mondelez International, and Alcoa Inc. In addition, he had memberships in the boards of trustees of Cornell University, Harvard Business School, X Prize, and the University of Southern California. He served as a member of the Bocconi University International Advisory Council board.
He served on the advisory board of the global consulting firm Hakluyt & Co.
He was named to the Carnegie Endowment for International Peace board of trustees in 2013.
Ratan joined Vani Kola's venture capital business Kalari Capital in February 2015 as an advisor.
Ratan Tata made a reappearance as the company's temporary CEO for four months after Cyrus Mistry was ousted as chairman of Tata Sons in October 2016, nearly four years after he assumed control of the over $100 billion conglomerate. After taking over the position in February 2017, Natarajan Chandrasekaran was officially designated as Tata Sons' chairman on January 12, 2017.
PERSONAL LIFE AND DEATH :-
Tata was childless and never married. He said in 2011: "I came close to getting married four times and each time I backed off in fear or for one reason or another."
Tata was receiving intensive care when she was brought to Breach Candy Hospital in a serious state. He passed away there on October 9, 2024, at 2:30 IST, aged 86, from age-related causes. Following his passing, a day of mourning was declared by the governments of Jharkhand and Maharashtra.
Tata was given a state funeral on October 10. The parsi crematorium in Worli was the venue of his final ceremonies. During his last rites, he received a military and 21-gun salute. His body was covered in the Indian flag and presented with a ceremonial guard of respect by Mumbai Police.
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| RIP RATAN TATA SIR. |
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