Ratan Tata

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This article is about Ratan Naval Tata, the Chairman Emeritus of Tata Sons. For Sir Ratan Tata, the philanthropist, see Ratanji Tata. For Ratanji Dadabhoy Tata, the father of J.R.D Tata, see Ratanji Dadabhoy Tata.
Ratan Tata
Ratan Tata photo.jpg
Born (1937-12-28) 28 December 1937 (age 86)
Surat, British India
Residence Colaba, Mumbai[1]
Nationality Indian
Alma mater Cornell University
Harvard Business School
Occupation Chairman emeritus, Tata Sons
Chairman, Tata Trusts
Relatives Tata family
Awards Padma Vibhushan (2008)
Padma Bhushan (2000)
HonFREng[2] (2012)

Ratan Naval Tata GBE [3] (born 28 December 1937) is an Indian businessman, investor, philanthropist and chairman Emeritus of Tata Sons. He was the chairman of Tata Group, a Mumbai-based conglomerate from 1991–2012. He stepped down as the chairman of Tata Group, on 28 December 2012 but continues as the chairman of the Group's charitable trusts.[4]

Early life

Ratan Tata is the son of Naval Tata, who had been adopted from the family of a distant relative by Navajbai Tata after the death of her husband, Ratanji Tata. Ratan Tata's parents Naval and Sonoo separated in the mid-1940s when Ratan was ten and his younger brother, Jimmy, was seven years old. Both he and his brother were raised by their grandmother Navajbai Tata.[5] Ratan also has a step brother Noel Tata from Naval Tata's second marriage to Simone Tata.Ratan began his schooling in Mumbai at the Campion School and finished his secondary education at the Cathedral and John Connon School.[6] He completed his B.S. in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975.[7] Tata is a member of the Alpha Sigma Phi fraternity.

Career

Tata began his career in the Tata group in 1961. He initially started on the shop floor of Tata Steel, shovelling limestone and handling the blast furnace.[8] In 1991, J. R. D. Tata stepped down as Chairman of Tata Sons, naming Ratan as his successor.

Under his stewardship, Tata Tea acquired Tetley, Tata Motors acquired Jaguar Land Rover and Tata Steel acquired Corus, which have turned Tata from a largely India-centric company into a global business, with 65% revenues coming from abroad. He was instrumental in the development of Tata Nano.[citation needed]

Ratan Tata retired from all executive responsibility in the Tata group on 28 December 2012, his 75th birthday, and he was succeeded by Cyrus Mistry, the 44-year-old son of Pallonji Mistry and managing director of Shapoorji Pallonji Group.[9][10]

Ratan Tata has retired but he is still seen working. Recently, he invested his personal savings in Snapdeal- one of India's leading e-commerce website. Ratan Tata has been making small investments in both early and late stage companies in India. He has made INR 0.95 Cr in Ola Cabs[11] and INR 1 Cr in Paytm.[12] Mr Tata is working closely with Jaguar Land Rover and some of the new models launched by the British marquee have several inputs from Mr Tata.[13] In April 2015, it was reported that Tata had acquired a stake in Chinese smartphone startup Xiaomi, with specific terms undisclosed.[14]

Board Memberships and Affiliations

He is currently the chairman Emeritus of Tata Sons. He continues to serve as the chairman of the main two Tata trusts Sir Dorabji Tata Trust and Sir Ratan Tata Trust and their allied Trusts, which together hold 66% of shares in the group holding company Tata Sons.

Ratan Tata has served in various capacities in organisations in India and abroad. He is a member of the Prime Minister's Council on Trade and Industry and the National Manufacturing Competitiveness Council. He is on the jury panel of Pritzker Architecture Prize[15] – considered to be one of the world's premier architecture prizes.

Ratan Tata is a director on the boards of Alcoa Inc., Mondelez International[16] and Board of Governors of the East-West Center. He is also a member of the Board of Trustees of University of Southern California, Harvard Business School Board of Dean's Advisors, X Prize[17] and Cornell University.

Ratan Tata is also a member of the Harvard Business School India Advisory Board (IAB) since 2006, a member of the Board of Directors of Pepperdine University, and previously a member of the Harvard Business School Asia-Pacific Advisory Board (APAB) 2001-2006.

Honours and awards

Ratan Tata received the Padma Vibhushan in 2008 and Padma Bhushan in 2000, the second and third highest civilian honours awarded by the Government of India.[18]

The other notable awards are:

Year Name Awarding organisation Ref.
2015 Sayaji Ratna Award Baroda Management Association Honoris Causa HEC Paris [19]
2015 Honorary Doctor of Automotive Engineering Clemson University [20]
2014 Honorary Doctor of Laws York University, Canada [21]
2014 Honorary Knight Grand Cross of The Order of the British Empire United Kingdom [22]
2014 Sayaji Ratna Award Baroda Management Association [23]
2014 Honorary Doctor of Business Singapore Management University [24]
2013 Honorary Doctorate University of Amsterdam [25]
2013 Honorary Doctor of Business Practice Carnegie Mellon University [26]
2013 Ernst and Young Entrepreneur of the Year – Lifetime Achievement Ernst & Young [27]
2013 Foreign Associate National Academy of Engineering [28]
2012 Doctor of Business honoris causa University of New South Wales [29]
2012 Honorary Fellow[2] The Royal Academy of Engineering[2] [30]
2010 Business Leader of the Year The Asian Awards. [31]
2010 Business for Peace Award Business for Peace Foundation [32]
2010 Honorary Doctor of Laws Pepperdine University [33]
2010 Legend in Leadership Award Yale University [34]
2010 Oslo Business for Peace award Business for Peace Foundation [35]
2010 Hadrian Award World Monuments Fund [36]
2010 Honorary Doctor of Law University of Cambridge [37]
2009 Grand Officer of the Order of Merit of the Italian Republic Italy [38]
2009 Life Time Contribution Award in Engineering for 2008 Indian National Academy of Engineering [39]
2009 Honorary Knight Commander of the Order of the British Empire United Kingdom [40]
2008 Inspired Leadership Award The Performance Theatre [41]
2008 Honorary Fellowship The Institution of Engineering and Technology [42]
2008 Honorary Citizen Award Government of Singapore [43]
2008 Honorary Doctor of Science Indian Institute of Technology Kharagpur. [44]
2008 Honorary Doctor of Science Indian Institute of Technology Bombay. [45]
2008 Honorary Doctor of Law University of Cambridge. [46]
2008 Inspired Leadership Award Inspired leadership award [47]
2007 Carnegie Medal of Philanthropy Carnegie Endowment for International Peace. [48]
2007 Honorary Fellowship The London School of Economics and Political Science [49]
2006 Responsible Capitalism Award FIRST [50]
2006 Honorary Doctor of Science Indian Institute of Technology Madras [51]
2005 Honorary Doctor of Science University of Warwick. [52]
2005 International Distinguished Achievement Award B'nai B'rith International [53]
2004 Honorary Doctor of Technology Asian Institute of Technology. [54]
2004 Medal of the Oriental Republic of Uruguay Government of Uruguay [55]
2001 Honorary Doctor of Business Administration Ohio State University [56]

References

  1. ↑ The amazing story of how Ratan Tata built an empire. Rediff (21 October 2010)
  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
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  35. ↑ [1][dead link]
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  39. ↑ [2][dead link]
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  43. ↑ [3][dead link]
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  48. ↑ Lua error in package.lua at line 80: module 'strict' not found.[dead link]
  49. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  50. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  51. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  53. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  54. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  55. ↑ [4][dead link]
  56. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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