Ratan Tata Biography ( God of Business )

 

Ratan Tata - Industrialist, Businessman, Philanthropist, Entrepreneur and Investor
Biography

It is very important to have ups and downs in life.

Because in ECG also straight line means death.

So says a great Indian industrialist, Padma Bhushan, Padma Vibhushan Shri Ratan Tata ji. Who, for the benefit of his country and the people of the country, while handling the policy values with his life. Made the Tata Group big. Today we will try to get to know his life closer. He has also said a wonderful thing. That I do not believe in taking the right decisions. Rather, I prove them right by taking a decision. People who apply this line completely on themselves. Those who took their revenge from their success.

     This is such a person. Who fell in love four times. But the marriage did not happen. He is such a person. Who have no blood relation with Tata family. Rather, he is an adopted son. It is such a person who has taken Tata to the pinnacle under his rule. He is such a person, who is made of different clay. Call him an industrialist, call him a patriot, call him a donor or a successful businessman. It is up to you to decide.

       They donate up to 66% of their total profits. Apart from being a successful industrialist, he is also a great human being. At any time, any calamity has befallen the country. This donor has donated money generously. He has recently donated ₹ 1500 to the Government of India even during the pandemic like Corona virus.

* Ratan Tata – Ex Chairman of Tata Group *

1. Real Name

Ratan Naval Tata

2. date of birth

28 December 1937

3. birth place

Surat, Bombay Presidency, British India

4. father

Naval Hormusji Tata

5. Mother

sunu kamsirayit

6. religious affiliation

7. Parsiya

8. school

• Capion School, Mumbai

• Cathedral and John Canon School, Mumbai

9. College

• Cornell University, Ithaca, New York, USA

• Howard University, Boston, USA

10. educational qualification

• B.S. (in Structural Engineering & Architecture)

• Advanced Management Programs

11. Business

Tata Group (Chairman Emeritus)

12. other related

• JRD Tata (uncle)

• Simone Tata (Stepmother)

• Noel Tata (Half Brother)

13. marital status

Single

14. Prize

And

Respect

● Padma Bhushan 2000

● Padma Vibhushan 2008

● Commander of the Legion of Honour, (by the Government of France) 2016

15. income

₹90 crore / month

₹860 crore / year

16. Network

$1.5 billion

Contribution of Jamshedji Tata to the Tata Group

Jamshed ji, a visionary and pioneer of Indian industry, was born on March 3, 1839 in Navsari. He is called the father of Indian industry. He completed his education from Elphinstone College. He started a trading firm in 1868 with a capital of 21000. Under which the supply of military equipment was started in foreign countries. In 1869, he bought an old oil mill in Bombay and converted it into the Alexandra Cotton Mill.

        In no time, it became a running mill. Which was sold after 2 years with a profit. Started The Central India Spinning and Weaving Manufacturing Company in 1874 with a capital of 15 lakhs. Inspired by his success, he bought a sick mill in 1886. Which was named Swadeshi Cotton Mill.

  Jamshed ji's dream of steel manufacturing was fulfilled then. When his son Dorabji and cousin R. D Tata established the Tata Iron and Steel Company in the year 1907 at Kuwai. Jamshedji built the Hotel Taj Mahal in Mumbai. This hotel was equipped with all the amenities according to the European standards of that time. On 7 January 1865, the Indian Post and Telegraph Department issued a postage stamp in honor of Jamsetji.

Tata Family Genealogy

Early Life of Ratan Tata

Ratan Naval Tata was born on 28 December 1937 in Surat, Bombay Presidency, British India, into the affluent and famous Tata family. He is the son of Sunu Kamsirayit and Naval Hormusji Tata. His childhood was a bit unfortunate. In the year 1948, his parents got divorced. Then his age was only 10 years. After this divorce, his father Naval Tata married a woman named Simone Dunoyer. From this second marriage, his father had another son named Noel Tata.

  At this young age, the divorce of his parents was a big blow for him. He was very mentally broken. So Ratan and his half-brother Noel were brought up by their grandmother Nawajbai. He was very dear to grandmother. Ratanji's grandmother Nawajbai Nawaz and grandfather Sir Ratan Tata were childless. So Nawazbai adopted Naval Hormusji, the son of Hormusji Tata. Hormusji Tata was a spinning master in his own textile mill.

Education of Ratan Tata

Ratan Tata's early education took place at the Campion School in Mumbai. He then took admission in The Cathedral and John Connon School in Mumbai. When he was 15 years old. He was then sent to America to complete his further studies. Where he completed his 12th standard from Riverdale Country School in New York. In 1958, he graduated in Architecture and Structural Engineering from Cornell University, USA. After this, he did the Advanced Management Program course from Harvard Business School.

  Ratan Tata was an intelligent student in his school. During the same time, he got a job offer from IBM. But Ratan Tata rejected that job. He never took advantage of his name. You would be surprised to know. During college time, he also did work like cleaning utensils for money. He used to believe that I would reach any stage in my life on the basis of my hard work.

Ratan Tata - Girlfriend and Marriage Secret

This remained the biggest secret of Ratan Tata's life. Why hasn't he married yet? There was a lot of speculation behind this. But he always kept this thing suppressed in his heart. Eventually, in an interview, he disclosed this. In this, he told that after getting an architecture degree from Cornell University. He started working a job in the city of Los Angeles.

       For this job, he spent 2 years there. Then he fell in love with a girl living there. He still considers those two years as the best time of his life. They both loved each other very much. Both of them had made up their mind to get married. But then something happened. Which ended their relationship forever.

       At the same time, the news of his grandmother's ill health reached Ratan Tata. Due to excessive attachment to his grandmother and not meeting her for 7 years. He came back to India. He also asked that woman to go to India with him. He said that he would go to India and get married. That girl was ready. But his parents did not give him permission to go.

        This thing was of the year 1962. When the war between India and China was going on. Because of this war, the parents of that girl refused to let them go. So, the woman made a promise. As soon as the war is over, she will come to India with him. With this belief, Ratan Tata returned to his grandmother. He came to India and started waiting for that woman. He was sure that she would definitely come to him. His wait went on for a long time. Eventually, he got the news. The parents of that woman got her married to someone else.

   Hearing this news, he was deeply shocked. His heart broke completely. Because he had truly loved that woman. He had also promised this. that he would marry her. But marrying that woman to someone else. For Ratan Tata, it became a reason not to marry for the rest of his life. This proves the point. That how firm Ratan Tata is in his promises and principles. This is the biggest reason for their success.

Ratan Tata - Tata Group Career

Ratan Tata is an Industrialist, Businessman, Philanthropist, Entrepreneur and Investor by profession. Ratan Tata's career started with Tata Steel. According to the tradition of the Tata Group and his family, till 1970 he continued to work in different companies of the Tata Group. Because his grandfather believed. Unless you know your business completely. Till then you cannot own it. He also followed his same words.

   After this, in 1970, he was promoted to Management. Then in 1971, he was handed over to Nelco Company. It was a company manufacturing TVs and radios. This company was going on losses at that time. With his untiring efforts, he gave this company a different identity in the market. But due to the economic downturn in the country, it had to be closed soon. This was the first failure of his life.

     Not giving up, he decided to move forward. After this, he tried to revive another drowned company Tata Express Mill. But he could not get success here also. This company also closed down.

  In 1991, Ratan Tata was made the chairman of the Tata Group. Till now he had gathered so much knowledge of business. That in the next 21 years, by working hard continuously. He took the Tata company to the international level. Along with this, we kept expanding our company in India and foreign countries. After the arrival of Ratan Tata, the Tata group started making profits of 50% per annum. From here he started hoisting his flag in his business world.

Ratan Tata - Take Over Other Companies

After working in Tata Group for many years, Ratan Tata also bought many companies. In which there was Land Rover and Jaguar with Tata Motors. Along with this, there was Tetley Tea Company with Tata Tea. At the same time, along with Tata Steel, he bought many other companies like Corus.

Ratan Tata Graciously Avenged the Insult

Tata Group was already manufacturing Passenger and Commercial Vehicles. But to fulfill the car dream of common Indian. Ratan Tata launched the Indica, a fully made in India car, on 30 December 1998. This was the dream project of Ratan Tata. To accomplish this, Ratan Tata worked very hard. But Auto Analyst, completely criticized this car.

      The result of this was that the sales of Tata Indica dropped a lot. Tata Indica did not get good response in the market. Within a year, the Tata Indica flopped. Due to which Tata Motors suffered a lot. After this, Ratan Tata had to face a lot of criticism regarding his decision. Then some close people did, because of Indica. To make up for the loss, he suggested selling his car business to another company.

       The plan to launch this car was Ratan Tata's own. It had also caused a lot of damage. That's why Ratan Tata thought this suggestion right. He, along with his partners, took the proposal to sell it to the Ford Company. Ratan Tata's meeting with the company lasted for 3 hours. Then Bill Fort, chairman of Ford Company, had a rude behavior with Ratan Tata.

      In small talk, Bill Fort told Ratan Tata that if you did not know how to make a car. So why did you invest so much money in this business? We are doing you a favor by buying this company. This thing touched Ratan Tata's heart. He left the deal overnight and came back. He was feeling humiliated about this. Now he had to answer with his success.

     Ratan Tata came back and turned his full attention to Tata Motors. He launched the new version of Indica, Indica-2. Within a few years, after suffering initial setbacks, Ratan Tata's car business started to take off. Which proved to be a very profitable business. Within a few years, the Ford company was running at a loss, thanks to its Jaguar and Land Rover. By 2008, it was on the verge of bankruptcy.

       At that time Ratan Tata offered to buy his luxury car Jaguar and Land Rover. Which Bill Fort happily accepted. Bill Fort likewise arrived at the Tata Group headquarters with his partners. The way Ratan Tata reached his headquarters to meet him. Ratan Tata buys Jaguar and Land Rover for 2.3 billion. This time also Bill Fort repeated exactly the same thing. Which in the last meeting, he had said to Ratan Tata.

   But this time the talk was a bit positive. Bill Fort told Ratan Tata. By purchasing our company, you are doing us a favor. Today Jaguar and Land Rover are part of the Tata group. Which is moving forward with huge profits. If Ratan Tata wanted, he could have given a befitting reply to the bill. But he was not intoxicated by his success. This is a virtue. Which shows the difference between a successful and a great person. This is the lesson we should learn from Ratan Tata.

Charity Work of Ratan Tata

Whenever there is a crisis in our country. Ratan Tata has always come forward to help our country. In 2011, when the 26/11 terror attack happened. Then about 80 employees of his Hotel Taj had lost their lives. Thereafter, he visited all of them at their homes. Whose loved ones had lost their lives. He bore all the expenses of them. Even the odd jobs around the hotel, who suffered in this. Helped all of them financially.

  After this when the threat of Covid-19 came in the country. Then Ratan Tata helped ₹ 1500 crores to the Government of India. During the Pandemic in the country, all the freshers came to the Tata group. It was decided not to fire any of those employees. Among them there were more than 4.5 lakh employees. Then helped Ratan Tata's group by not firing even a single employee. While on the other hand, people were losing their jobs all over the world.

Successor of the Tata Group after Ratan Tata

TCS CEO and Managing Director Nataraj Chandrasekaran is currently the chairman of this 150-year-old Tata group. He was chosen by Ratan Tata, chairman of the Tata Group, after the ouster of Cyrus Mistry. Tremendous leadership ability and proximity to Ratan Tata. This was the main reason for his election. His specialty is that he understands the Tata Group very well. He has been associated with this group for the last 35 years.

        He is the third such chairman of Tata Group. Those who do not belong to the Tata family. Ratan Tata's successor chosen, when asked before leaving. How will you be able to handle the work of manufacturing. You do not have any experience of running a steel or auto sector company. Then Chandrasekaran had a simple answer.

         I can't do everything alone. I need a team to work with me. Chandrasekaran, 59, could not have asked for a more candid answer. This is such a strategist. Who has credibility among the boards of the entire Tata group. Chandrasekaran, an outsider from the Tata family, rose to the top position. This is undoubtedly indicative of the culture of respect for talent in the Tata Group.

Tata take over the ownership of Air India

The Tata Group took over the reins of Air India after 68 years. The current chairman of the Tata group, N. Chandrasekaran bought the debt-ridden Air India from the government. This deal was done for ₹ 18000 crores. In this way, Tata acquired 100% shares of Air India. This is the homecoming of Air India to the Tata group.

      Air India was started by the Tata Group in 1932. Air India was founded by JRD Tata. At that time its name was Tata Airlines. Later, on 29 July 1946 it became a Public Limited. Then it was named Air India Limited.

Ratan Tata- Income, Net-Worth and Lifestyle

Ratan Tata is not called the gem of the country just like that. He has presented many such examples in his life. Due to which everyone has become convinced of his kindness. Ratan Tata, the owner of $1.5 billion, is a shy person. They do not believe in external glitter. Ratan Tata has lived for years in a bachelor's house in Colaba, Mumbai, full of books and dogs. His monthly income is more than 90 crores. They earn more than Rs 860 crore in a year.