RATAN TATA
Hello and welcome to my blog!
In my last blog I have given you all the information about Jeff Bezos, if you haven't read it then kindly read that. So,anyways...in my this blog I am going to talk about a very honourable and great personality. Yes, I am going to talk about RATAN TATA. Like Jeff Bezos only, he have also done a lot of hard work throughout his life. Let's get inspired by his successful journey.
First let's know briefly about him
Ratan Naval Tata (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).He is well known for his business ethics and philanthropy.
Now let's know about his EARLY LIFE
Ratan Tata was born in Bombay, now Mumbai, on 28 December 1937, and is the son of Naval Tata (born in Surat).
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; he then endured trial by ordeal and was able to turn 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.
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. On 24 October 2016, Cyrus Mistry was removed as the chairman of Tata Sons and Ratan Tata was made interim chairman.
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 October 2015, he partnered with American Express,investing in Bitcoin venture Abra.[34] In 2016, he invested in Nestaway.
Ratan Tata has also won a lot of awards.
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.
The President, Smt. Pratibha Devisingh Patil presenting the Padma Vibhushan to Shri Ratan Naval Tata, at Rashtrapati Bhavan, in 2008.
Other notable awards include:
You can read this table to remember about RATAN TATA easily.
nice
ReplyDeletethanks for all the knowledge
Thank-you:-)
Delete