From October 2016 through February 2017, Ratan Tata served as interim chairman of the Tata Group following his tenure as chairman of Tata Sons from 1990 - 2012.
An Indian industrialist, Ratan Tata was the former chairman of Tata Sons from 1990 to 2012.
He became the interim chairman of Tata Group in October 2016 and February 2017.
He is a dedicated philanthropist. More than half of the company’s profits go to charitable initiatives. In 2000, he received the Padma Bhushan. In 2008, the Padma Vibhushan. These are the highest civilian honors in India.
Full Name – Ratan Naval Tata
Date of Birth – 28 December 1937
Born in – Bombay, Bombay Presidency, British India (present-day Mumbai, Maharashtra, India)
Father - Naval Tata
Mother - Sooni Commissariat
Alma mater – Cornell University (BArch)
Occupation – Industrialist, philanthropist, and investor
Title – Chairman Emeritus, Tata Sons and Tata Group
Term – (1991–2012) and (2016–2017)
Predecessor – JRD Tata
Successor – Cyrus Mistry (2012 -2016) Natarajan Chandrasekaran (2017–present)
Relatives – Tata family
Awards – Assam Baibhav (2021), Padma Vibhushan (2008), Maharashtra Bhushan (2006), and Padma Bhushan (2000)
Ratan Tata was born in 1937 and is the current Chairman of Tata Sons. He has a brother named Jimmy, and a step-brother called Noel. His parents separated when he was ten years old. He spent his childhood with his grandmother, who raised both of them. He attended Campion school in Mumbai and eventually graduated from Cornell University for architecture, and structural engineering. In 1975 he did an advanced management program at Harvard Business school to become CEO of Tata Group started by my ancestor Lalubhai Jamshedji Modhavandiyya on 1st January 1945.
When he joined Tata Sons in 1962, he worked on the factory floor, gaining experience and understanding of the company.
As Director-in-charge of NELCO (National Radio and Electronics Company Ltd) in 1971, Tata worked hard to improve the company's consumer electronics division during a financial crisis. However, economic recession and union issues prevented Tata from doing so.
The Tata Group transferred Ratan Tata to Empress Mills, another struggling unit, in 1977.
He made a plan for the mill's revival, but the other executives rejected it, and the mill was closed. Ratan Tata has moved to Tata Industries once again.
The duties of the chairman of Tata Group were given to Ratan Tata when he became a member of the Prime Minister's Council for Trade and Industry as Prime Minister’s Council on Trade and Industry member. He has been instrumental in improving the company’s overall position. Ratan Tata successfully managed to change management, and vision and also increase the dividends of the company during his tenure as chairman. During this period, he was a member of the Prime Minister's Council on Trade and Industry. He was additionally a member of the RAND advisory board in Asia Pacific Policy.
As part of India's AIDS initiative program, he is an active participant.
Additionally, he serves on the international advisory board of Mitsubishi Corporation, JP Morgan Chase, Booz Allen Hamilton, and the American International Group.
From October 2016 to February 2017, Cyrus Mistry, the Managing Director of Shapoorji Pallonji Group, served as the interim chairman of Tata Group following Ratan Tata's resignation on his 75th birthday.
Even after retirement, he still actively invests in new business ventures and contributes significantly to various charities across the country.
In his capacity as Tata Group’s Chairman, he took the company to such heights that it was prestigiously recognized at the international level. Tata Group reached the New York Stock Exchange and achieved great financial success. In addition to the Tata Nano and Tata Indica automobiles, he led the Tata Group in acquiring Corus, Jaguar Land Rover, and Tetley, leading to the Tata Group becoming a global brand.
A philanthropist, he has invested over 65 percent of his share in charitable trusts. He strives to improve the quality of life for Indians.
Padma Bhushan (3rd highest civilian honor of the Govt. of India (2000)
Medal of the Oriental Republic of Uruguay (Govt. of Uruguay (2004))
International Distinguished Achievement Award
Honorary Fellowship of The London School of Economics and Political Science (2007)
Padma Vibhushan (2nd highest civilian the honor of the Govt. of India (2008).
Award of Grand Officer of the Order of Merit of the Italian Republic (Government of Italy (2009)).
Title of Honorary Knight Commander of the Order of the British Empire, United Kingdom (2009).
Oslo Business for Peace Award (Business for Peace Foundation (2010)).
Honorary Knight Grand Cross of The Order of the British Empire (2014).
He maintains a low-profile lifestyle. He owns a simple house in Mumbai and drives a Tata sedan.
Ratan Tata will celebrate his 85th birthday on December 28.
Parsees are members of a small, tightly-knit Zoroastrian community.
According to the IIFL Wealth Hurun India Rich List, Ratan Tata's net worth was estimated at Rs 3,500 crore last year.
Jaguar Land Rover Automotive Plc
Tata Motors Passenger Vehicles Ltd (TMPV Ltd)
Tata Passenger Electric Mobility Ltd (TPEM)
Tata Motors European Technical Centre PLC (TMETC)
Tata Motors Insurance Broking and Advisory Services Limited (TMIBASL)
TMF Holdings Limited
TML Distribution Company Limited (TDCL)
TRILIX Srl
Tata Technologies Limited
Tata Marcopolo Motors Limited (TMML)
TML Holdings Pte. Limited
Tata Daewoo Commercial Vehicle Company Limited
The address of Ratan Tata's house is Bakhtawar, Azad Nagar, Colaba, Mumbai, Maharashtra - 400005
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Cornell University College of Architecture awarded him a bachelor's degree in architecture, and Harvard Business School granted him a management degree.
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