Tata

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Ratan Tata

Ratan Naval Tata (born 28 December 1937) is an Indian industrialist, and a


former chairman of Tata Sons. He was the chairman of Tata Group, from 1990
to 2012, and again, as interim chairman, from October 2016 through February
2017, and continues to head its charitable trusts. He is the recipient of two
civilian awards of India, the Padma Vibhushan (2008), the second highest
civilian honour, and the Padma Bhushan (2000),the third highest civilian
honour.

Early life
Ratan Tata was born in Bombay, now Mumbai, during the British Raj, on 28
December 1937, and is the son of Naval Tata (born in Surat).

EDUCATION
He studied at the Campion School, Mumbai till the 8th class, followed by
Cathedral and John Connon School, Mumbai and at Bishop Cotton School in
Shimla, and, in 1955, graduated from Riverdale Country School in New York
City In 1959, he then received a degree in Architecture from Cornell University,
and in 1975, attended the seven-week Advanced Management Program of
Harvard Business School — an institution which he has since endowed.

Career
Promoted to management during the 1970s, Ratan achieved initial success by
turning Group company National Radio and Electronics (NELCO) around, only
to see it collapse during an economic slowdown. In 1991, J. R. D. Tata stepped
down as chairman of Tata Sons, naming him his successor. When he settled
down into the new role, he faced stiff resistance from many companies heads,
some of whom had spent decades in their respective companies and rose to
become very powerful and influential due to the freedom to operate under
JRD Tata.
He boldly got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land
Rover and Tata Steel to acquire Corus. All this turned Tata from a largely India-
centric group into a global business, with over 65% revenues coming from
operations and sales in over 100 countries. He conceptualised the Tata Nano
car.
Ratan Tata resigned his executive powers in the Tata group on 28 December
2012, upon turning 75 and Board of Directors and Legal division refused to
appoint Cyrus Mistry as a successor of 44-year-old son of Pallonji Mistry of the
Shapoorji Pallonji Group, the largest individual shareholder of the group and
related by marriage On 24 October 2016, Cyrus Mistry was removed as the
chairman of Tata Sons and Ratan Tata was made interim chairman.
Tata Motors rolled out the first batch of Tigor Electric Vehicles from its Sanand
Plant in Gujarat, regarding which Ratan Tata said, "Tigor indicates a willingness
to fast-forward India's electric dream. The government has set an ambitious
target to have only electric cars by 2030."Ratan Tata launched India's
companionship startup for senior citizens, Goodfellows, in a bid to encourage
intergenerational friendships

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