The life and wisdom of Mr. Ratan Tata.

THE LIFE AND WISDOM OF Mr RATAN TATA.

Whenever the country goes through the trouble you will definitely hear one name who is doing a tremendous amount of help... Mr Ratan Tata. Even now as the world is going through a deadly virus, Ratan tata donated 1500 crore from Tata group in India to fight coronavirus.

Ratan tata made an incredible difference, his personal success in running one of the mist profitable conglomerates of our time.
A person who holds India on his shoulders a fantastic visionary. From Tata tea, Tata Salt, Tata motors, Taj hotel, 100 industries, 66% goes in philanthropy, he believes in making the nation!!  One of my most favourite quote " take the stones people throw at you and use them to build the monument"

Early life

He was born on 28th December 1937 in Surat, India, to Naval Tata and Sonoo Tata. Naval Tata was the adopted son of the Jamsetji Tata's younger son Ratanji Tata. When he was 10 years old, his parents got separated and thereafter, he and his brother were brought up by his grandmother, Navajibai Tata.

He studies at Cornell University where he got a B.S. degree in architecture in Structural engineering in 1962, then after to Harvard business school for a degree in advanced management program in 1975.

JRD Tata was a visionary, he stated to start industrialisation in India, for that he focused on steel and henceforth steel industries in Jamshedpur which are named on Jamshedji itself by creating an empire of steel production. 
Ratan Tata, even though he carried the family name he had to earn his spot in the company by shovelling limestone and handling the blast furnace. In 1971, he was appointed as the director-in-charge of the (NELCO) to help its struggling finances. He worked towards building a better consumer electronic division in science and tech and turned NELCO in a profit-making company, but the economic recession and union strikes prevented him from achieving success. Ratan tata stated in an interview- when he made NELCO a profit-making company, he started receiving offers from the company who are all loss-making!! 

In 1991, JRD Tata appointed him as the new Chairman of Tata groups of companies. The decision came under scrutiny following objections from other executives of the company.

That time Bill gates, IBM was very much active in the engineering sector. But he succeeded in improving the financial successes of the industries and expanded the growth of the organization under his leadership. He transformed the management and vision of the division and managed to bring in a significantly larger dividend.

During his early years itself, he led the Tata group, revenues grew over 40 times, and profit, over 50 times.

He boldly got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar land Rover and Tata Steel to acquire course. All this turned Tata from a largely India-centric group into a global business, with 65% revenues coming from operations and sales over 100 countries. 

Bill Ford said you are doing a favour by undertaking Jaguar land rover. He started making the same code of conduct and the same logo for all the industries.

His 5 principles are- Integrity, unity, understanding, responsibility and excellence. 

On 12 January 2017, Natarajan Chandrasekaran was named as the chairman of tata sons, a role he assumed in February 2017

Achievements

1998: the tata Indica, the conglomerates first passenger car, was launched this year. the car went on to become the No.1 brand in its segment within two years.

2000: tata tea, now tata global beverages, acquired the Tetley group, the worlds 2nd largest manufacturing and distributor of tea. Tetley is the largest tea company in the UK.

2001: Tata AIG, a joint venture between the tata groups and American international group inc AIG, makes the re-entry of the tata group into the insurgency sector.

2003: Tata consultancy services become the 1st Indian software company to cross $1 billion in revenue. the company went public a year later.

2008: Tata motors acquires the jaguar and land rover businesses from ford, and forms a new company jaguar land rover,

From numerous numbers of higher learning institutes he has placed a doctorate degree, even in Harvard have created a complete building under the name of Ratan Tata

He was the 1st Indian civilian to fly f-16 falcon at Aero India show at the age of 69. Ratan Tata is a trained pilot and has been known to fly the various aircraft owned by the Tata group.

PHILANTHROPY

JRD was the 1st Indian businessman, and Tata group was the 1st Indian company, to introduce a provident fund, medical services, maternity benefited, gratuities, accidents insurance schemes and the 8hrs shift.

When there was a huge flood in Kerla was going under a Sunami they created 700 houses for fisherman. At the Taj Attack as well, all the employees were secured with medical help.

The Tata group contributes the Loin's share of the corporate social responsibility CSR fund.

Ratan Tata received the Padma Bhushan in 2000 and Padma Vibushan in 2008, the 3rd and 2nd highest civilian honour awarded by the government of India.

Indeed a most humble personality.. 

Capitalist love billionaire, socialist hate them and businessman look after them. Whatever your political beliefs are, it is heartening to see how billionaires have delivered in this time of crises. Ratan Tata has proved himself all the time! A big salute.