Ratan Naval Tata
28 December 1937
|Alma mater||Cornell University (BArch)|
|Title||Chairman Emeritus, Tata Sons and Tata Group|
|Successor|| Cyrus Mistry (2012) |
Natarajan Chandrasekaran (2017–present)
|Relatives||See Tata family|
|Awards|| Padma Vibhushan (2008)|
Padma Bhushan (2000)
Ratan Naval Tata GBE (born 28 December 1937) is an Indian industrialist, philanthropist, and a former chairman of Tata Sons. He was also 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 of the highest civilian awards of India, the Padma Vibhushan (2008) and Padma Bhushan (2000).
Born in 1937, he is a scion of the Tata family, and son of Naval Tata who was later adopted by Ratanji Tata, son of Jamsetji Tata, the founder of Tata Group. He is an alumnus of the Cornell University College of Architecture and Harvard Business School through the Advanced Management Program that he completed in 1975.He joined his company in 1961 when he used to work on the shop floor of Tata Steel, and was the apparent successor to J. R. D. Tata upon the latter's retirement in 1991. He got Tata Tea to acquire Tetley, Tata Motors to acquire Jaguar Land Rover, and Tata Steel to acquire Corus, in an attempt to turn Tata from a largely India-centrist group into a global business.
Ratan Tata was born in Bombay, now Mumbai, on 28 December 1937,and is the son of Naval Tata (born in Surat). His biological maternal grandmother had been the sister of Hirabai Tata, wife of group founder Jamshedji Tata. His biological grandfather, Hormusji Tata, had belonged to the broader Tata family; Ratan therefore was a Tata by birth. Parents Naval and Sonoo separated in 1948 when Ratan was 10, and he was subsequently raised by the widow of Sir Ratanji Tata, his grandmother, Navajbai Tata, who formally adopted him through the J. N. Petit Parsi Orphanage. He has a half-brother, Noel Tata (from Naval Tata's second marriage with Simone Tata), with whom he was raised. His first language is Gujarati.
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.
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 began replacing them by setting a retirement age, and then made individual companies report operationally to the group office and made each contribute some of their profit to build and use the Tata group brand. Innovation was given priority and younger talent was infused and given responsibilities. Under his stewardship, overlapping operations in group companies were streamlined into a synergised whole, with the salt-to-software group exiting unrelated businesses to take on globalisation.
During the 21 years he led the Tata Group, revenues grew over 40 times, and profit, over 50 times.Where sales of the group as a whole, overwhelmingly came from commodities when he took over, the majority sales came from brands when he exited. 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. In 2015, He explained in an interview for the Harvard Business School's Creating Emerging Markets project, the development of the Tata Nano was significant because it helped put cars at a price-point within reach of the average Indian consumer.
Ratan Tata resigned his executive powers in the Tata group on 28 December 2012, upon turning 75, appointing as his successor, Cyrus Mistry, the 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. The decision went through intense media scrutiny that made many scrutinize the root causes of the sudden removal, and the resultant crisis. A selection committee was formed to find a successor. The selection committee consisted of Mr. Tata, TVS Group head Venu Srinivasan, Amit Chandra of Bain Capital, former diplomat Ronen Sen and Lord Kumar Bhattacharya. All of them, except Mr. Bhattacharya, were on the board of Tata Sons. On 12 January 2017, Natarajan Chandrasekaran was named as the chairman of Tata Sons, a role he assumed in February 2017.
Tata invested personal savings in Snapdeal – one of India's leading e-commerce websites –and, in January 2016, Teabox, an online premium Indian Tea seller,and CashKaro.com, a discount coupons and cash-back website. He has made small investments in both early and late stage companies in India, such as INR 0.95 Cr in Ola Cabs. In April 2015, it was reported that Tata had acquired a stake in Chinese smartphone startup Xiaomi. In 2016, he invested in Nestaway an online portal to find fully furnished flats for bachelors which later acquired Zenify to start family rental segment and online pet care portal, Dogspot. 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."
In one of the most dramatic developments in the recent past, the board of directors of Tata Group on 24 October 2016 voted for the removal of its chairman Cyrus Mistry with immediate effect and made Ratan Tata the interim chairman, and in February 2017, Mistry was removed as a director for Tata Sons.The National Company Law Appellate Tribunal (NCLAT) had decided in December 2019 that the removal of Cyrus Mistry as the Chairman of Tata Sons was illegal and that he should be reinstated. India's Supreme Court heard an appeal by the $111-billion conglomerate to quash the NCLAT order that directed the Tata group to rehire the man it fired as chairman. Ratan Tata is personally leading the charge in the case, and filed a separate petition challenging the ruling in the Supreme Court. The Supreme Court has stayed the NCLAT order that allowed Cyrus Mistry to be reinstated as Tata Sons chairman in January 2020. However the Supreme Court upheld the dismissal of Cyrus Mistry.
Tata is a supporter of education, medicine and rural development, and considered a leading philanthropist in India.Tata supported University of New South Wales Faculty of Engineering to develop capacitive deionization to provide improved water for challenged areas.
He was the interim chairman of Tata Sons. He continues to head the main two Tata trusts Sir Dorabji Tata Trust and Sir Ratan Tata Trust and their allied trusts, with a combined stake of 66% in Tata Sons, Tata group's holding company.
He has served in various capacities in organizations in India and abroad. He is a member of Prime Minister's 'Council on Trade and Industry' and the 'National Manufacturing Competitiveness Council'. He is on the jury panel of Pritzker Architecture Prize – considered to be one of the world's premier architecture prizes.
He is a director on the boards of Alcoa Inc., Mondelez Internationaland Board of Governors of the East-West Center. He is also a member of the board of trustees of University of Southern California, Harvard Business School Board of Dean's Advisors, X Prize and Cornell University. He is a member on the board of International Advisory Council at Bocconi University
He is also a member of the Harvard Business School India Advisory Board (IAB) since 2006 and previously a member of the Harvard Business School Asia-Pacific Advisory Board (APAB) 2001–2006.[ citation needed ]
In 2013, he was appointed to the Board of Trustees of the Carnegie Endowment for International Peace.
In February 2015, Ratan took an advisory role at Kalari Capital, a venture capital firm founded by Vani Kola.
In October 2016, Tata Sons removed Cyrus Mistry as its chairman, nearly 4 years after he took over the reins of the over $100 billion conglomerate, Ratan Tata made a comeback, taking over the company's interim boss for 4 months. On 12 January 2017, Natarajan Chandrasekaran was named as the chairman of Tata Sons, a role he assumed in February 2017.
Ratan Tata received the Padma Bhushan in 2000 and Padma Vibhushan in 2008, the third and second highest civilian honours awarded by the Government of India.
Other notable awards include:
|2001||Honorary Doctor of Business Administration||Ohio State University|
|2004||Medal of the Oriental Republic of Uruguay||Government of Uruguay|
|2004||Honorary Doctor of Technology||Asian Institute of Technology.|
|2005||International Distinguished Achievement Award||B'nai B'rith International|
|2005||Honorary Doctor of Science||University of Warwick.|
|2006||Honorary Doctor of Science||Indian Institute of Technology Madras|
|2006||Responsible Capitalism Award||For Inspiration and Recognition of Science and Technology (FIRST)|
|2007||Honorary Fellowship||The London School of Economics and Political Science|
|2007||Carnegie Medal of Philanthropy||Carnegie Endowment for International Peace|
|2008||Honorary Doctor of Law||University of Cambridge|
|2008||Honorary Doctor of Science||Indian Institute of Technology Bombay|
|2008||Honorary Doctor of Science||Indian Institute of Technology Kharagpur|
|2008||Honorary Citizen Award||Government of Singapore|
|2008||Honorary Fellowship||The Institution of Engineering and Technology|
|2008||Inspired Leadership Award||The Performance Theatre|
|2009||Honorary Knight Commander of the Order of the British Empire (KBE)||Queen Elizabeth II|
|2009||Life Time Contribution Award in Engineering for 2008||Indian National Academy of Engineering|
|2009||Grand Officer of the Order of Merit of the Italian Republic||Government of Italy|
|2010||Honorary Doctor of Law||University of Cambridge|
|2010||Hadrian Award||World Monuments Fund|
|2010||Oslo Business for Peace award||Business for Peace Foundation|
|2010||Legend in Leadership Award||Yale University|
|2010||Honorary Doctor of Laws||Pepperdine University|
|2010||Business for Peace Award||Business for Peace Foundation|
|2010||Business Leader of the Year||The Asian Awards.|
|2012||Honorary Fellow||The Royal Academy of Engineering|
|2012||Doctor of Business honoris causa||University of New South Wales|
|2012||Grand Cordon of the Order of the Rising Sun||Government of Japan|
|2013||Foreign Associate||National Academy of Engineering|
|2013||Transformational Leader of the Decade||Indian Affairs India Leadership Conclave 2013|
|2013||Ernst and Young Entrepreneur of the Year – Lifetime Achievement||Ernst & Young|
|2013||Honorary Doctor of Business Practice||Carnegie Mellon University|
|2014||Honorary Doctor of Business||Singapore Management University|
|2014||Sayaji Ratna Award||Baroda Management Association|
|2014||Honorary Knight Grand Cross of the Order of the British Empire (GBE)||Queen Elizabeth II|
|2014||Honorary Doctor of Laws||York University, Canada|
|2015||Honorary Doctor of Automotive Engineering||Clemson University|
|2015||Sayaji Ratna Award||Baroda Management Association, Honoris Causa, HEC Paris|
|2016||Commander of the Legion of Honour||Government of France|
|2018||Honorary Doctorate||Swansea University|
In 2011, Ratan Tata stated, "I came close to getting married four times and each time I backed off in fear or for one reason or another." Ratan Tata stated recently that he loved one girl in Los Angeles while working there. As his family member was ill, so he had to return to India but the parents of the girl didn't allow her to come to India with Tata. So Tata stood by his commitment and never married.
Mega Icons (2018-2020), an Indian documentary television series on National Geographic about prominent Indian personalities, dedicated an episode to Ratan Tata's contributions.He has also appeared Rendevouz with Simi Garewal an informal chat show hosted by Indian actress Simi Garewal.
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