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IS RATAN TATA NOT STRAIGHT?
{{Redirect|Ratan Tata|Ratanji Dadabhoy Tata|Ratanji Dadabhoy Tata}}
{{Infobox person
|Fname = AKSHAT
|image = Ratan Tata photo.jpg
|image_size = 220px
|caption =
|birth_name =
|birth_date = {{Birth date and age|df=yes|1937|12|28}}
|birth_place = ], ], ]
|death_date =
|death_place =
|death_cause =
|resting_place =
|residence = ], ], ]<ref name='tata bio'>{{cite web|title = Amazing story of how Ratan Tata built an empire |url = http://business.rediff.com/slide-show/2010/oct/20/slide-show-1-amazing-story-of-how-ratan-tata-built-an-empire.htm}}</ref>
|ethnicity = ]
|nationality = ]n

|alma_mater = ]<br />]
|employer =
|occupation = Chairman of ]
|years_active = 1962-present
|spouse = unmarried
|net worth = $300 Million(Oct 2011)
|callsign =
|signature =
|website =
|footnotes =
| awards = {{nowrap|] (2000)<br> ] (2008)<br>] (2009)}}
|signature =
}}

'''Ratan Naval Tata''' (born 28 December 1937) is the present chairman of ] and therefore, ].<ref name='TGD'>{{cite web |title=Tata Group Website|url= http://www.tata.com/company/profile.aspx?sectid=DpOT+Lbrdvg=}}</ref> He is also the chairman of major Tata companies such as ], ], ], ], ], ], ] and ].

==Career at Tata Sons==
{{Expand section|date=February 2011}}
When he returned to India in 1962 after turning down a job with IBM on the advice of JRD, he was sent to Jamshedpur to work on the shop floor at Tata Steel with other blue-collar employees, shovelling limestone and handling the blast furnace.<ref name='MoY'>{{cite web|author=Chidanand Rajghatta, TNN, Dec 30, 2007, 04.26am IST |url=http://timesofindia.indiatimes.com/India/Man_of_the_year_Its_Ratan_Tata/articleshow/2661653.cms |title=Times of India Article: Man of the Year? Its Ratan Tata |publisher=Timesofindia.indiatimes.com |date=2007-12-30 |accessdate=2011-02-23}}</ref>
In 1971, he was appointed the Director of National Radio and Electronics (Nelco), which was in dire straits when he came on board: with losses of 40% and barely 2% share of the consumer electronics market. However, just when he turned it around (from 2% to 25% market share), the ] was declared. A weak economy and labour issues compounded the problem and Nelco was quickly near collapse again.

For his next assignment, in 1977 he was asked to turn around the sick Empress Mills, which he did. However, he was refused a Rs 50 lakh investment required to make the textile unit competitive. Empress Mills floundered and was finally closed in 1986.

In 1981, ] stepped down as Tata Industries chairman, naming Ratan as his successor. He was heavily criticized for lacking experience in running a company of the scale of Tata Industries.<ref name='MoY'>{{cite web|author=Chidanand Rajghatta, TNN, Dec 30, 2007, 04.26am IST |url=http://timesofindia.indiatimes.com/india/Man-of-the-year-Its-Ratan-Tata/articleshow/2661653.cms |title=Man of the year? It's Ratan Tata - The Times of India |publisher=Timesofindia.indiatimes.com |date=2007-12-30 |accessdate=2011-02-23}}</ref>

In 1991, he was appointed group chairman of the Tata group. As group chairman, he has been responsible for converting "the corporate commonwealth" of different Tata-affiliated companies into a cohesive company. He has been responsible for the acquisition of ], ] and ], which have turned Tata from a largely India-centric company into a global business, with 65% revenues coming from abroad. He also pushed the development of ] and the ]. He is widely credited for the success of the Tata Group of companies, especially after the liberalization of controls after the 1990s.<ref name="tata bio"/>

In August 2007, Ratan Tata lead Tata Group's acquisition of British steel maker ]. At that time, this was the largest takeover of a foreign company by an Indian company, and resulted in Tata Group becoming the fifth largest steel producer in the world. According to the BBC, however, some analysts criticized the move, saying that Tata Group had overpaid for Corus and had prioritized national pride before its shareholders.<ref>{{cite news|last=Vaswani|first=Karishma|title=Indian firms move to world stage|url=http://news.bbc.co.uk/2/hi/business/6944461.stm|accessdate=24 August 2011|newspaper=BBC News|date=16 August 2007}}</ref>

Tata is set to retire in December, 2012; a search has been underway for a successor since August 2010. In August 2011, the company reported having narrowed the choice down to three people, though no details were reported on who was being considered.<ref>{{cite news|title=Race to succeed India's Ratan Tata narrows: report|url=http://news.yahoo.com/race-succeed-indias-ratan-tata-narrows-report-223212923.html|accessdate=30 August 2011|newspaper=AFP3|date=30 August 2011}}</ref>

==Net worth ==
As of 2011, Ratan Tata has an income whose net worth is US $ 300 Million. He does not figure in the Forbes' list of ]n billionaires because a large number of the share (around 65.8%) of Tata Sons, the holding company of the Tata Group, is held by charitable trusts.<ref>http://www.forbes.com/lists/2011/77/india-billionaires-11_rank.html</ref>

==Honours, awards and international recognition==
Ratan Tata serves in senior capacities in various organisations in India and he is a member of the Prime Minister's Council on Trade and Industry. Tata is on the board of governors of the East-West Center, the advisory board of RAND's Center for Asia Pacific Policy and serves on the program board of the ]'s India AIDS initiative.<ref name=tatarv>{{cite web|url=http://indica.co.za/0_about_us/management/chairmans_chamber/media_articles_interviews.htm|title=Chairman Profile, Interviews and Press Articles|work=Tata Group Website}}</ref>

Ratan Tata's foreign affiliations include membership of the international advisory boards of the ], the ], ] and ]. He is also a member of the board of trustees of the ], ] and ].<ref name=USCtrustee>, University of Southern California, ''Accessed April 13, 2008.''</ref><ref name=USC083005>, USC News, August 30, 2005.</ref>
He also serves as a board member on the ] International Investment Council and is a member of the Asia-Pacific advisory committee for the ]. In 2010, he joined ] as an advisory board member.

{| class="wikitable" border="1" style="font-size: 90%;"
! Year !! Name !! Awarding organization !! Ref.
|-
| 2010
| Honorary Doctor of Laws
| ].
|<ref>{{cite news|work=Pepperdine University |title=Pepperdine Confers Honorary Doctor of Laws Degree on Ratan N. Tata|url=http://www.pepperdine.edu/pr/releases/2010/september/pepperdine-confers-honorary-degree.htm|date=September 2010}}</ref>
|- style="background:#efefef;"
|-
| 2010
| Legend in Leadership Award
| ].
|<ref>{{cite news|work=Yale University |title=Yale Chief Executive Leadership Institute to Honor Tata Sons Chairman Ratan Tata with "Legend in Leadership Award"|url=http://celi.som.yale.edu/news-events/in-the-news/10/10/271|date=September 2010}}</ref>
|- style="background:#efefef;"
|-
| 2010
| Businessman of the Decade
| Federation of Indo-Israel Chambers of Commerce.
|<ref>{{cite news|work=The Hindu |title=Ratan Tata selected 'Businessman of the decade'|url=http://www.thehindu.com/business/article559242.ece|date=September 2010}}</ref>
|- style="background:#efefef;"
|-
| 2008
| Honorary Doctor of Science
| ].
|<ref>{{cite news|work=Economic Times |title=IIT Kharagpur confers doctorate on Ratan Tata|url=http://articles.economictimes.indiatimes.com/2008-03-19/news/28415749_1_doctorate-iit-kharagpur-honorary-degree|date=March 2008}}</ref>
|- style="background:#efefef;"
|-
| 2008
| Honorary Doctor of Law
| ].
|<ref>{{cite news|work=University of Cambridge|title=University of Cambridge confers doctorate on Ratan Tata|url=http://www.cam.ac.uk/research/about/awards-announcements-and-prizes/honorary-degrees/|date=March 2008}}</ref>
|- style="background:#efefef;"
|-
| 2007
| Honorary Fellow
| ].
|<ref>{{cite news|work=London School of Economics|title=London School of Economics confers Honorary Fellowship on Ratan Tata|url=http://www2.lse.ac.uk/newsAndMedia/news/archives/2007/RatanTataHonoraryFellow.aspx|date=March 2007}}</ref>
|- style="background:#efefef;"
|-
| 2007
| ]
| ].
|
|- style="background:#efefef;"
|-
| 2007
| Carnegie Medal of Philanthropy
| Carnegie Endowment for International Peace.
|<ref>{{cite news|work=Carnegie Endowment for International Peace|title=Carnegie Medal for Philanthropy on Ratan Tata|url=http://www.carnegiemedals.org/pastbios/2007medalist.html|date=March 2007}}</ref>
|- style="background:#efefef;"
|-
| 2005
| Honorary Doctor of Science
| ].
|<ref>{{cite news|work=London School of Economics|title=University of Warwick confers Honorary Doctor of Science on Ratan Tata|url=http://www2.warwick.ac.uk/newsandevents/pressreleases/ne1000000109101/|date=March 2005}}</ref>
|- style="background:#efefef;"
|-
| 2004
| Honorary Degree of Doctor of Technology
| ].
|<ref name="asdu.ait.ac.th">{{cite news|work=Asian Institute of Technology|title=Asian Institute of Technology confers doctorate on Ratan Tata|url=http://www.asdu.ait.ac.th/NewsAndEvents/newsletterData/HTMLFormat/iss3no7/cover.htm|date=March 2008}}</ref>
|- style="background:#efefef;"
|-
| 2004
| Honorary Economic Advisor
| ], China.
|<ref name="asdu.ait.ac.th"/>
|- style="background:#efefef;"
|-
| 2001
| Honorary Doctor of Business Administration
| ].
|<ref>{{cite news|work=Ohio University|title=Ohio State University confers doctorate of business administration on Ratan Tata|url=http://www.osu.edu/universityawards/dsa/honorary.html|date=March 2004}}</ref>
|- style="background:#efefef;"
|}

* ] Award for Responsible Capitalism.<ref>{{cite web|title =The FIRST International Award for Responsible Capitalism|url=http://www.firstmagazine.com/Awards/Year.aspx?Year=2006}}</ref>
* 26th Robert S. Hatfield Fellow in Economic Education, awarded by Cornell University<ref>{{cite web|title = 26th Robert S. Hatfield Fellow in Economic Education - Announcement| url=http://www.news.cornell.edu/stories/March06/Tata.Hatfield.prewrite.html}}</ref>
* recipient of the NASSCOM Global Leadership Awards (2008)

==References==
{{Reflist|2}}

==External links==
{{commons category}}
*
* at '']''
* {{WSJtopic|person/T/ratan-naval-tata/506}}
* collected news and commentary at ''The ]''
* collected news and commentary at '']''
* {{Nndb|335/000164840/}}
*


{{Tata Group}}
{{Persondata <!-- Metadata: see ]. -->
| NAME = Tata, Ratan Naval
| ALTERNATIVE NAMES =
| SHORT DESCRIPTION =
| DATE OF BIRTH = December 28, 1937
| PLACE OF BIRTH = ], ], ]
| DATE OF DEATH =
| PLACE OF DEATH =
}}
{{DEFAULTSORT:Tata, Ratan Naval}}
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Revision as of 09:52, 17 November 2011

IS RATAN TATA NOT STRAIGHT?