Ratan Tata (born December 28, 1937, Bombay, now Mumbai, India—died October 9, 2024, was an Indian businessman who became chairman from 1991...
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Ratan Tata (born December 28, 1937, Bombay, now Mumbai, India—died October 9, 2024, was an Indian businessman who became chairman from 1991–2012 and 2016–17 of the Tata Group, a Mumbai-based conglomerate.
He was widely admired not only for his stewardship of one of the country’s largest conglomerates but also for his personal ethics and philanthropic activities.
Tata was regarded as a visionary leader, and his legacy is one of compassion and innovation that transcends the confines of the corporate realm to impact millions of ordinary lives. In his lifetime he received two of India’s highest civilian honors—the Padma Vibhushan (2008) and the Padma Bhushan (2000).
Ratan Tata was a member of a prominent family of Indian industrialists and philanthropists, credited with pioneering much of the country’s industrial establishments and practices. His great-grandfather Jamsetji Tata founded the Tata Group in 1868—the businesses under this umbrella, including Tata Steel, played a key nation-building role when India achieved independence from British rule in 1947.
The Tata Group was later expanded by Ratan Tata’s uncle J.R.D. Tata, who founded prominent subsidiaries such as Tata Consultancy Services, Tata Motors, and Tata Salt. Among the pioneering achievements of the Tata Group were the establishment of the iconic Taj Mahal Palace Hotel (1903, Bombay [now Mumbai]), India’s first hotel with electricity, and the founding of Air India (1932) as well as the country’s first indigenous cosmetics brand, Lakmé (1952).
Education and early life
After attending various schools in Bombay, Tata finished high school in New York City in 1955. He then progressed to Cornell University, Ithaca, New York, where he earned a B.S. (1962) in architecture before returning to India to work.
Education and early life
After attending various schools in Bombay, Tata finished high school in New York City in 1955. He then progressed to Cornell University, Ithaca, New York, where he earned a B.S. (1962) in architecture before returning to India to work.
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| Ratan Tata: Life & Legacy of a Visionary Leader |
He acquired his business training on the job, gaining experience in a number of Tata Group businesses, and was named director in charge (1971) of one of them, the National Radio and Electronics Co. He became chairman of Tata Industries a decade later, and in 1991 he succeeded his uncle, J.R.D. Tata, as chairman of Tata Sons, the parent company of the Tata Group.
Stewardship of the Tata Group
Ratan Tata became chairman of Tata Sons at a crucial period of India’s growth story: the liberalization of its economy. His ascent was impeded by stiff resistance from existing senior leadership. He consolidated power by implementing a retirement age policy, changing reporting structures, and terminating certain executives.
Tata aggressively sought to expand the conglomerate, and increasingly he focused on globalizing its businesses. In 2000 the group acquired London-based Tetley Tea for $431.3 million, and in 2004 it purchased the truck-manufacturing operations of South Korea’s Daewoo Motors for $102 million.
Tata Steel completed the biggest corporate takeover by an Indian company when it acquired the giant Anglo-Dutch steel manufacturer Corus Group for $11.3 billion in 2007. The following year Tata oversaw Tata Motors’ purchase of the elite British car brands Jaguar and Land Rover from the Ford Motor Company. The $2.3 billion deal marked the largest-ever acquisition by an Indian automotive firm.
In December 2012 Tata retired as chairman of the Tata Group. He briefly served as interim chairman beginning in October 2016 following the ouster of his successor, Cyrus Mistry. Tata returned to retirement in January 2017 when Natarajan Chandrasekaran was appointed chairman of the Tata Group.
Tata Nano and the Singur controversy
In 2008 Tata spearheaded the development of the microcar Tata Nano, a tiny rear-engined, pod-shaped vehicle marketed as the most affordable car in the world and within easy reach of the average Indian consumer.
In December 2012 Tata retired as chairman of the Tata Group. He briefly served as interim chairman beginning in October 2016 following the ouster of his successor, Cyrus Mistry. Tata returned to retirement in January 2017 when Natarajan Chandrasekaran was appointed chairman of the Tata Group.
Tata Nano and the Singur controversy
In 2008 Tata spearheaded the development of the microcar Tata Nano, a tiny rear-engined, pod-shaped vehicle marketed as the most affordable car in the world and within easy reach of the average Indian consumer.
Although only slightly more than 10 feet (3 meters) long and about 5 feet (1.5 meters) wide, the highly touted “People’s Car” could seat up to five adults and, in Tata’s words, would provide a “safe, affordable, all-weather form of transport” to millions of middle- and lower-income consumers both in India and abroad.
Rolled out in 2009, the Nano was initially sold for 100,000 rupees ($2,000); however, the price point could not be sustained. Despite poor sales, production of the Nano continued for a decade because of the company’s commitment to the project.
Manufacturing was preceded by a controversy over the acquisition of land in Singur, West Bengal, for the proposed factory. The sale of the land was facilitated by the state government but prompted fierce protests by displaced farmers and political leaders of opposition parties. The site of the production plant was eventually moved to Sanand, Gujarat.
Manufacturing was preceded by a controversy over the acquisition of land in Singur, West Bengal, for the proposed factory. The sale of the land was facilitated by the state government but prompted fierce protests by displaced farmers and political leaders of opposition parties. The site of the production plant was eventually moved to Sanand, Gujarat.
A legacy of philanthropy
Tata belonged to the Indian community known as the Parsis, followers of the Zoroastrian faith and well known for their public service work. He was greatly admired for his philanthropic interests, which included supporting research and improvements in education, medicine, and rural development.
He established and enhanced hospitals and research centers that helped advance cancer care. He was also committed to reducing social and economic inequality. For example, in 2024 the Tata Group announced plans to build India’s first indigenous semiconductor manufacturing facility in the state of Assam as a part of Ratan Tata’s vision for the state; this investment would generate employment for more than 25,000 local residents.
Donations by the Tata Group and the related philanthropic collective called Tata Trusts have led to the establishment of a variety of institutions and scholarships in U.S. universities. These include a biological and physical sciences research facility at the University of California, San Diego, and an executive center at Harvard Business School—both are named Tata Hall.
Donations by the Tata Group and the related philanthropic collective called Tata Trusts have led to the establishment of a variety of institutions and scholarships in U.S. universities. These include a biological and physical sciences research facility at the University of California, San Diego, and an executive center at Harvard Business School—both are named Tata Hall.
An endowment to Cornell University provides financial aid to students from India. A donation from Tata Consultancy Services to Carnegie Mellon University funded the Tata Consultancy Services Hall, which houses the School of Computer Science Institute for Software Research and a few other facilities.
The Tata Center for Technology and Design at the Massachusetts Institute of Technology works on providing solutions to challenges faced by communities that have limited access to electricity, low income, and poor literacy.
In recognition of the Tata family’s “constructive philanthropy,” the Carnegie family of organizations awarded the Tata family the Carnegie Medal of Philanthropy in 2007. In October 2024 Tata was succeeded by younger brother Noel Tata as chairman of the group’s philanthropic arm.
Love for animals
Tata was known for his love of animals, dogs in particular. In 2018 he dropped out of an event in his honor that was to be hosted by British monarch King Charles III (then the prince of Wales) at Buckingham Palace, London.
In recognition of the Tata family’s “constructive philanthropy,” the Carnegie family of organizations awarded the Tata family the Carnegie Medal of Philanthropy in 2007. In October 2024 Tata was succeeded by younger brother Noel Tata as chairman of the group’s philanthropic arm.
Love for animals
Tata was known for his love of animals, dogs in particular. In 2018 he dropped out of an event in his honor that was to be hosted by British monarch King Charles III (then the prince of Wales) at Buckingham Palace, London.
Tata, who was to receive an award for lifetime achievement, opted to cancel his trip when his pet dog fell ill some days before the ceremony. Tata advocated for animal welfare all his life. At Bombay House, the Tata Group’s headquarters, Tata ensured that strays have access to a well-equipped kennel and are allowed to roam the premises freely.
Among his many furry companions was Goa, a stray adopted from the Indian state by the same name. Tata’s final project was a state-of-the-art animal hospital providing around-the-clock emergency care in Mumbai, inaugurated in mid-2024. - Britannica
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