Ratan Tata is the recipient of two of the highest civilian awards of India, The Padma Vibhushan in 2008 and Padma Bhushan in 2000. He is role model for many Indian and well known for his business ethics and philanthropy. Ratan Tata was chairman of Tata group for 21 years from 1990 to 2012 and was again interim chairman from Oct 2016 to Jan 2017. During Ratan Tata’s chairmanship of 21 years, Tata group’s revenue grew above 40 times and profit grew above 50 times.
Here is the journey of Ratan Tata
Born in Mumbai, on 28th Dec 1937, His great grandfather was Jamsedji Tata founder of Tata group. He studied at the Campion School, Mumbai till the 8th class after which he went to Cathedral and John Connon School, Mumbai and then to Bishop Cotton School in Shimla. He graduated from Riverdale Country School in New York City. At the age of 38 he attended seven week Advance Management Program of Harvard Business School in the year 1975.
Ratan Tata joined Tata group in 1962 with Tata steel in Jamshedpur. His first job was working with blue color employees shoveling and working with the furnaces. Ratan Tata became part of management in Tata group during 1970. His early achievement was turning around the group company NELCO. In 1991 He was named as chairman of Tata Sons when J R D Tata stepped down. Ratan Tata as successfully let the transition of Tata group from being an Indian company to a global organisaion. Few of his bold steps towards becoming global organization are acquiring Tetley by Tata Tea, acquiring Jaguar Land Rover by Tata Motors and acquiring Corus by Tata Steel. Under his leadership, TCS went public and Tata Motors was listed in the New York stock exchange. His efforts of globalization resulted to 65% of revenue coming from sales in above 100 countries.
Interesting Fact: Ratan Tata is a skilled pilot. He was the first Indian to pilot F-16 Falcon in 2007.
Business Ethics: Tata group has a long standing reputation for ethical leadership and well known for its corporate social responsibility and ethical principles. JRD Tata often used to refer to the Tatas as being the ‘trustees of the people’. Ratan Tata had not only inherited these values form the founders of Tata group but he also successfully carried forward this legacy. Ratan Tata always stood for the values of business ethics. His visionary genius is not only famous for his successful Industrial ventures but also for his wisdom and philanthropic deeds. He is a supporter of education, medicine and rural development.
Ratan Tata is outlier name when it comes to trust and integrity. Ratan Tata is known for his humility. During 26/11 attack on Mumbai, Ratan Tata personally visited the families of the 80 employees who were affected by the attack. He is known to put values at core of everything he does. He is role model for many corporate in India and globally. He is one of the most influential leader and has created deep impacts in corporate world.
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