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In 1991 he was appointed as the chairman of the Tata group. Under his stewardship, Tata Tea acquired ], Tata motors acquired ] and Tata Steel acquired ], 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 ]. In 1991 he was appointed as the chairman of the Tata group. Under his stewardship, Tata Tea acquired ], Tata motors acquired ] and Tata Steel acquired ], 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 ].


Ratan Tata retired from all executive responsibility in the Tata group in December 2012 is succeeded by ], the 44-year-old son of ] and managing director of Shapoorji Pallonji Group.<ref>{{cite news|title=Cyrus P Mistry to succeed Ratan Tata|url=http://www.timesnow.tv/videoshow/4389699.cms|accessdate=23 November 2011}}</ref> Ratan Tata retired from all executive responsibility in the Tata group in December 2012 is succeeded by ], the 44-year-old son of ] and managing director of Shapoorji Pallonji Group.<ref>{{cite news|title=Cyrus P Mistry to succeed Ratan Tata|url=http://www.timesnow.tv/videoshow/4389699.cms|accessdate=23 November 2011}}</ref>. He is currently the chairman emeritus of ],] and ].


Ratan Tata has served in various capacities in organisations in India and abroad. 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 has served in various capacities in organisations in India and abroad. 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>

Revision as of 21:03, 26 December 2012

For Ratanji Dadabhoy Tata, see Ratanji Dadabhoy Tata.
Ratan Naval Tata
Born (1937-12-28) 28 December 1937 (age 87)
Bombay, Bombay Presidency, British India
NationalityIndian
Alma materCornell University
Harvard University
Occupation(s)Chairman Emeritus of Tata Group
Industrialist
Years active1962–2012
AwardsPadma Bhushan (2000)
Padma Vibhushan (2008)
KBE (2009)
WebsiteRatan N Tata
Signature
Ratan Tata signature

Ratan Naval Tata, KBE (born 28 December 1937), is an Indian businessman who became chairman of the Tata Group (1991–2012), a Mumbai-based conglomerate. He is a member of a prominent Tata family of Indian industrialists and philanthropists.

Among many other honours accorded him during his career, Tata received the Padma Bhushan, one of India’s most distinguished civilian awards, in 2000 and Padma Vibhushan in 2008 and Lifetime Achievement Award awarded by prestigious Rockefeller Foundation in 2012.

Early life

Tata is the adoptive great-grandson of Tata group founder Jamshedji Tata. His father, Naval Tata, had been adopted from the family of a distant relative by Jamshedji's childless younger son, also named Ratan Tata, and his wife Navajbai. Tata's parents (Naval and his first wife Sooni) separated in the mid-1940s, when Ratan was seven and his younger brother Jimmy was five years old. Both he and his brother were raised by their grandmother Lady Navajbai. Many years later, Naval Tata took a second wife, Simone, and fathered another son, Noel Tata.

Tata began his schooling in Bombay at Campion School, Bishop Cotton School, Shimla and finished at Cathedral and John Connon School. He completed his B.S. in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975. He is a member of the Alpha Sigma Phi fraternity.

Career

Tata began his career in the Tata group in 1962; he initially worked on the shop floor of Tata Steel, shovelling limestone and handling the blast furnace.

In 1991, JRD Tata 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.

In 1991 he was appointed as the chairman of the Tata group. Under his stewardship, Tata Tea acquired Tetley, Tata motors acquired Jaguar Land Rover and Tata Steel acquired Corus, 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 Indica and the Nano.

Ratan Tata retired from all executive responsibility in the Tata group in December 2012 is succeeded by Cyrus Mistry, the 44-year-old son of Pallonji Mistry and managing director of Shapoorji Pallonji Group.. He is currently the chairman emeritus of Tata Sons,Tata Motors and Tata Steel.

Ratan Tata has served in various capacities in organisations in India and abroad. 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 Bill & Melinda Gates Foundation's India AIDS initiative.

Honours and awards

Ratan Tata's foreign affiliations include membership of the international advisory boards of the Mitsubishi Corporation, the American International Group, JP Morgan Chase and Booz Allen Hamilton. He is also a member of the board of trustees of the RAND Corporation, University of Southern California and Cornell University. He also serves as a board member on the Republic of South Africa's International Investment Council and is a member of the Asia-Pacific advisory committee for the New York Stock Exchange. In 2009, Tata was knighted as a Knight Commander of the Order of the British Empire (K.B.E.).

Year Name Awarding organization Ref.
2012 Honorary Degree The University of New South Wales
2010 Business Leader of the Year The Asian Awards.
2010 Honorary Doctor of Laws Pepperdine University.
2010 Legend in Leadership Award Yale University.
2008 Honorary Doctor of Science Indian Institute of Technology Kharagpur.
2008 Honorary Doctor of Law University of Cambridge.
2007 Carnegie Medal of Philanthropy Carnegie Endowment for International Peace.
2005 Honorary Doctor of Science University of Warwick.
2004 Honorary Degree of Doctor of Technology Asian Institute of Technology.
  • FIRST Award for Responsible Capitalism.
  • 26th Robert S. Hatfield Fellow in Economic Education, awarded by Cornell University
  • Recipient of the 'Global Indian Award' at the NASSCOM Global Leadership Awards 2008

References

  1. "Amazing story of how Ratan Tata built an empire".
  2. "Tata Group Website".
  3. "Ratan Tata gets Lifetime Achievement Award". The Hindu. June 27, 2012. Retrieved June 27, 2012.
  4. "LN Mittal, Ratan Tata, Narayana Murthy get Padma Vibhushan". Retrieved 26 January 2008.
  5. "Ratan Tata rode the tiger economy and now he drives Jaguar". The Daily Telegraph. 30 Match 2008. Retrieved 31 March 2012. {{cite news}}: Check date values in: |date= (help); Italic or bold markup not allowed in: |newspaper= (help)
  6. "Ratan Tata goes back to school". Times of India. 31 March 2009. Retrieved 31 March 2012. {{cite news}}: Italic or bold markup not allowed in: |newspaper= (help)
  7. Sharma, Subramaniam (2006-10-18). "India's Tata Takes Leap With $7.6 Billion Corus Bid (Update1)". Bloomberg. Retrieved 2009-09-12.
  8. Misplaced Pages: Alpha Sigma Phi
  9. ^ Chidanand Rajghatta, TNN, Dec 30, 2007, 04.26am IST (2007-12-30). "Times of India Article: Man of the Year? Its Ratan Tata". Timesofindia.indiatimes.com. Retrieved 2011-02-23.{{cite web}}: CS1 maint: multiple names: authors list (link) CS1 maint: numeric names: authors list (link) Cite error: The named reference "MoY" was defined multiple times with different content (see the help page).
  10. "Cyrus P Mistry to succeed Ratan Tata". Retrieved 23 November 2011.
  11. "Chairman Profile, Interviews and Press Articles". Tata Group Website.
  12. Board of Trustees, University of Southern California, Accessed April 13, 2008.
  13. Ratan Tata Joins USC Board of Trustees, USC News, August 30, 2005.
  14. "Ratan Tata India's most powerful CEO, Mistry debuts at No. 15". Retrieved 25 May 2012.
  15. "UNSW Newsroom". Indian industrialist Ratan Tata honorary degree. Retrieved 28 Nov 2012.
  16. "Winners of the Asian Awards 2010". Times of India. October 2010.
  17. "Pepperdine Confers Honorary Doctor of Laws Degree on Ratan N. Tata". Pepperdine University. September 2010.
  18. "Yale Chief Executive Leadership Institute to Honor Tata Sons Chairman Ratan Tata with "Legend in Leadership Award"". Yale University. September 2010.
  19. "IIT Kharagpur confers doctorate on Ratan Tata". Economic Times. March 2008.
  20. "University of Cambridge confers doctorate on Ratan Tata". University of Cambridge. March 2008.
  21. "Carnegie Medal for Philanthropy on Ratan Tata". Carnegie Endowment for International Peace. March 2007.
  22. "University of Warwick confers Honorary Doctor of Science on Ratan Tata". London School of Economics. March 2005.
  23. "Asian Institute of Technology confers doctorate on Ratan Tata". Asian Institute of Technology. March 2008.
  24. "The FIRST International Award for Responsible Capitalism".
  25. "26th Robert S. Hatfield Fellow in Economic Education - Announcement".
  26. "Nasscom gobal leadership awards announced". Business Standard. 12 February 2008. Retrieved 1 March 2012.

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