Ratan Naval Tata Biography
Ratan Naval Tata is presentlyl Executive Chairman of Tata Sons, the Tata Group's parent organization, which owns Tata Consultancy Services, Tata Motors, Tata Power, Indian Hotels, Tata Steel, and Tata Teleservices
Ratan Tata: Birth, Age, Family, and Education
Born on 28 December 1937 in Bombay, British India (present-day Mumbai), Ratan Tata is the son of Naval Tata and Sooni Commissariat.
They got separated when Ratan Tata was 10 years old. He was then formally adopted by his grandmother and widow of Sir Ratanji Tata-- Navajbai Tata-- through the J. N. Petit Parsi Orphanage. Ratan Tata was raised with his half-brother Noel Tata (son of Naval Tata and Simone Tata).
The 84-year-old attended Campion School, Mumbai, Cathedral and John Connon School, Mumbai, Bishop Cotton School, Shimla, and Riverdale Country School in New York City. He is an alumnus of Cornell University and Harvard Business School.
Ratan Tata as Chairperson of Tata Sons
When JRD Tata stepped down as the chairperson of Tata Sons in 1991, he named Ratan Tata his successor. He confronted stiff resistance from many businesses heads who spent many years in their respective companies. Tata started out changing them by means of putting a retirement age. He similarly made it obligatory for every agency to record to the team office. Under his leadership, the overlapping corporations of Tata Sons have been streamlined into a synergized whole.
During his 21 years of stewardship, revenues grew over forty times, and earnings over 50 times. He received Tata Tea to collect Tetley, Tata Motors to gather Jaguar Land Rover, and Tata Steel to accumulate Corus, turning the organisation from a generally India-centric team into a world business.
He additionally conceptualized the Tata Nano car. The vehicle was once capped at a rate that was once within the attain of the common Indian consumer.
Upon turning 75, Ratan Tata stepped down as the Chairperson of Tata Sons on 28 December 2012. Cyrus Mistry was once named his successor, however, the Board of Directors and Legal division voted for his elimination on 24 October 2016 and Ratan Tata was once then made the group's intervening time chairman.
A determination committee comprising of Ratan Tata, TVS Group head Venu Srinivasan, Amit Chandra of Bain Capital, former diplomat Ronen Sen, and Lord Kumar Bhattacharya was once shaped to discover the successor of Ratan Tata. The committee named Natarajan Chandrasekaran as the Chairperson of Tata Sons on 12 January 2017
List of Companies Owned by Ratan Tata.
Titan Company Limited:
Tata Power Company Limited
Jaguar Land Rover:
Tata Steel Limited:
Net worth
Mr. Ratan Tata's net worth is one billion dollars or around 7416 crore rupees in Indian currency. Mr. Ratan Tata's entire net worth comprises a significant amount of money from many sources. Even though Ratan Tata is not included in the list of billionaires because charity organizations control 65 percent of TATA Sons, which is also the holding company for the other 96 TATA Group subsidiaries companies. As a result, Ratan Tata's 65 percent ownership of Tata Sons Limited is not recorded on his financial statement but rather on the financial statements of several philanthropic organizations.
Other Assets
Tata's House: Mr. Ratan Tata's residence is in Mumbai, India. He is the owner of many properties in India. In the year 2015, he purchased this luxurious residence. This Real Estate Property is estimated to be worth Rs. 150 crores.
Ratan Tata's Automobiles: Mr. Tata has huge cars collections. He is the proud owner of a number of the world's most prestigious premium vehicles. Maserati Quattroporte, Ferrari, Mercedes-Benz, Honda Civic, Range Rover, Chrysler Sebring, Jaguar, Cadillac XLR, and Buick Super 8 are among the car brands owned by Mr. Ratan Tata.
Awards & Achievements
He was given the Padma Bhushan, India's third-highest civilian honor, in 2000.
He received an Honorary Fellowship from the London School of Economics and Political Science in 2007.
In 2008, he received the 'Padma Vibhushan,' India's second-highest civilian honorary title.
In 2009, the Government of Italy presented upon him the title of "Grand Officer" of the Order of Merit of the Italian Republic.
The Business for Peace Foundation's 'Oslo Business for Peace Award' was awarded in 2010.
