Friday 6 January 2023

Sir Ratan Tata

 His full name is Ratan Naval Tata, Inspired and proud of every Indian and over the world. He is an industrialist and former chairman of Tata Sons. He was also the chairman of the Tata Group from 1990 to 2012.

Also serving as interim chairman from October 2016 through February 2017. He continues to head its charitable trusts. In 2008, he was awarded the Padma Vibhushan, the second-highest civilian honour in India, after was awarded the Padma Bhushan, the third-highest civilian honour in 2000 and many more awards.


Birth: 28 December 1937,  Age: 84 years.

Education : 
 
1. Harvard Business School
2. Riverdale Country School  
3. Cornell University 
4. St. Xavier's College 
5. Bishop Cotton School, Shimla
6. The Cathedral and John Connon School
7. Campion School
8. Swansea University

Commitment:

Why Ratan Tata is the best businessman?
In New Delhi, Pragati Maidan announced something that would forever change the fortunes of India’s largest truck maker by Ratan Naval Tata, chairman of Tata Motors Ltd and head of the Tata group.

The dimensions of a (Maruti) Zen, the cabin size of an Ambassador and the fuel efficiency of a Maruti 800—that was the promise with which Tata announced the Indica, the company’s car.

The launch was presided over by then industry minister Murasoli Maran and Tata dedicated it to India. The symbolism wasn’t lost on anyone present at the launch during Auto Expo, India’s biennial car show: Maran was fighting a bruising battle with  Suzuki Motor Corp. over the management of Maruti Udyog Ltd (now Maruti Suzuki India Ltd) in which the state and the Japanese firm were equal partners.

Later that year, bookings opened for the car, and a little over 100,000 people signed up and paid an advance for the Indica.

Despite the manufacturing and quality problems an initial lot of vehicles ran into (and the  500 crore loss Tata Motors declared in 2001), the Indica became a best-seller and marked the real entry of Tata Motors into cars, although the company had already signalled its intent with the launch of the Sierra, which would be called a cross-over vehicle today, and the Estate, a station wagon.

What are Ratan Tata achievements?
The Indica would change the trajectory of Tata Motors, but it was also more than just a car. Recent history is partial to the Nano,  the “  1 lakh" car launched by Tata in 2009, but it was the Indica that started it all.

The launch was a sign that Tata Motors had made the transition to serious car-making, an indication of the manufacturing and operational renaissance that characterized the Tata group in the late 1990s and the early 2000s


By then, Tata—he turns 75 on 28 December, a birthday he shares with the late Dhirubhai Ambani, and steps down as chairman of holding company Tata Sons Ltd—had already established himself at the group where he took the top job in 1991.

Family:

1. Jamshed ji Nusserwan ji Tata- Founder of Tata Group, India's biggest conglomerate company. He was married to Hirabai Daboo. 

2. Dorab ji Tata- The elder son of Jamshed ji Tata and second chairperson of Tata Group. His wife was Meherbai Tata, the paternal aunt of renowned nuclear scientist Homi J. Bhabha.

3. Ratan Tata- Younger son of Jamshed ji Tata. He was the pioneer of poverty studies. He was married to Navajbai Tata.

 His wife adopted an orphan, Naval, who was the grand-nephew of Hirabai Tata and raised him as her own son.

4. Naval Tata- Adopted son of Navajbai Tata. His biological father was Hormus ji Tata. His maternal grandmother was the sister of Hirabai Tata. 

Director in several Tata companies, ILO member, and recipient of Padma Bhushan, Naval Tata had three sons-- Ratan Tata (5th chairperson of Tata Group), Jimmy Tata, and Noel Tata (Chairperson of Trent Limited)-- from two marriages.

5. Ratanji Dadabhoy Tata- He was one of the early stalwarts who served the Tata Group. His father Dadabhoy and mother of Jamshed ji Tata, Jeevanbai, were siblings. 

He married Suzanne Brière and the couple gave birth to five children, including J.R.D. Tata and Sylla Tata.

6. J.R.D. Tata- He served as the fourth Chairperson of Tata Group. He is the founder of Tata Airlines (later Air India).

7. Sylla Tata- Elder sister of J.R.D. Tata was married to the founder of the first textile mill in India, Dinshaw Maneckji Petit. 

Her sister-in-law  Rattan bai Petit, was married to Muhammad Ali Jinnah, the founder of Pakistan. Jinnah's only child, Dina Jinnah, was married to Neville Ness Wadia.   

Achievement: Tata Group get success for 200 years from Shri Jamshed Tata ji to Ratan N Tata towards about 100  above companies.


Is Ratan Tata richest man in world?

Tata's Net worth of Rs 3500 crore.


Ratan Tata's Philanthropy

Being a supporter of education, medicine, and rural development, Ratan Tata supported the University of New South Wales Faculty of Engineering to provide improved water for challenged areas.

Tata Education and Development Trust endowed a $28  million Tata Scholarship Fund that will allow Cornell University to provide financial aid to undergraduate students from India. The annual scholarship will support approximately 20 students at a given time. 

Tata Group companies and Tata charities donated $50 million in 2010 to Harvard Business School (HBS) for the construction of an executive center.

Tata Consultancy Services (TCS) donated $35 million to Carnegie Mellon University (CMU) for a facility to research cognitive systems and autonomous vehicles. It is the largest ever donation by a company and the 48,000 square-foot building is called TCS Hall.

Tata Group donated Rs. 950 million to the Indian Institute of Technology, Bombay in 2014 and formed Tata Center for Technology and Design (TCTD). It was the largest ever donation received in the history of the institute. 

Tata Trusts also provided a grant of ₹750 million to the Centre for Neuroscience, the Indian Institute of Science, to study mechanisms underlying the cause of Alzheimer's disease and to evolve methods for its early diagnosis and treatment.

Tata Group also formed the MIT Tata Center of Technology and Design at Massachusetts Institute of Technology (MIT) to address the challenges of resource-constrained communities, with an initial focus on India.

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