Please note! This essay has been submitted by a student.
Ratan Naval Tata was born on 28th December 1937, in a well-known rich family of Mumbai. He is the great grandson of the Shri Jamsetji Tata. He is an Indian industrialist, investor, philanthropist, and former chairman of Tata Sons. He served as former chairman of Tata Group, the Indian conglomerate from 1991 to 2012 and again from 24th October 2016 for an interim term. He is a philanthropist by heart so he donated 60-65% of wealth he had by creating developmental resources for people. Over the years, he has inspired many youngsters with his out-of-the-box thinking. Raised by his grandparents since he lost his parents at the age of just seven.
Ratan Tata is an alumni of prestigious schools like Cathedral and John Connon School and Bishop Cotton School. He completed his B.Sc in architecture in 1962 from Cornell university, New York and did his advanced management program from Dharwad Business School. He turned down the offer from IBM because he wanted to join his family business. In 1962 he started his career as blue-collar employee in his family company. Later he was promoted and started his career in Tata steel. After looking at his hard work, dedication and his decision making JRD Tata resigned from the position of chairman and promoted Ratan Tata as new chairman in 1991. Many people were not in the favor of this decision as he didn’t seem capable enough to them for such a responsibility. Cause of his great leadership skills, Tata Group reached new heights and became a global brand and won laurels. Some of them are owning big British brands like Jaguar, Land rover Corus etc.
Ratan Tata was awarded with the ‘Padma Bhushan’ in 2000, India’s second highest civilian honour. ‘Padma Vibhushan’ in 2008, India’s second highest civilian honour. In 2014 Ratan Tata was awarded with the Knight Grand Cross of the Order of the British Empire. He also serves as the board member of Republic of South Africa’s International Investment Council. He is also a Asia-Pacific advisory committee member for the New York Stock Exchange. He has received the most prestigious and highest award given by Cornell University as the 26th Robert S. Hatfield Fellow.
Ratan Tata had a soft corner for cars. Since childhood, he wanted to bring a change to the industry of automobile. So after Tata Steel he came into the business of automobiles which was started in 1945. Tata Motors Limited originally was TELCO, it had its headquarters in Mumbai. It is the only Indian origin multinational automotive company. Its products include passenger cars, trucks, vans, coaches, buses, sports cars, construction equipment and military vehicles. Tata launched Indica car in 1998, the first Indian passenger car. It was criticized by auto analysts in the early stages, but its outstanding fuel economy, powerful engine, made it one of the best-selling cars in the history of the Indian automobile industry. This was the breakthrough for the Tata Group. In 2008, they acquired English cars like Jaguar and Land Lover from Ford Motors. There is a story behind that as well, in the early stages maiden hatchback Indica had a rough start in the market and was criticized be many analysts. So within a year only that is in 1998 they sold their automobile business to Ford Motors. Officials from FORD Motors came down to the headquarters of Tata Motors, the Bombay House and showed interest in their car business. After meeting the officials, Tata motors were called off to Detroit for discussion. The meeting lasted from three to four days and they decided to sell the business to Ford officials. They were treated very badly. The ford officials said that we are doing a great favor on you by buying your company which was very humiliating for the chairman to listen. They immediately came back to India.
Nine years later time changed and in 2008 global recession had hit Ford very badly and then Tata Motors the salt-to-software conglomerate humbled the mighty Ford — which was on the verge of bankruptcy, by taking over the iconic Jaguar Land-Rover brands for USD 2.3 billion only. At that time the then chairman of Ford Motors said to Mr. Ratan Tata – “you are doing us a great favor buy taking these car division” because it was operating in loss and now both are making profit. Revenge was taken with grace. Apart from that Tata Motors have other noticeable vehicles which had their own benchmarks like Tata Nano and Tata Ace. There is the story behind Tata Nano also.
Once Ratan Tata was going to the airport in his car, there was a family of 4 members who were travelling on one scooter by looking at them he realized that in a country like India there is the need of small car which can be purchased at a price of scooter so that’s how Tata Nano was launched the world’s cheapest car which gained a lot of media attention. In this way he has contributed in the automobile industry of India by giving us these precious gifts. He is a role model for many young entrepreneurs who want to do something big in their life. Even after being such a big personality he personally interacts with people at all the levels in his organisation. Every employee of Tata group loves their chairman. He is the most loved businessman in India.
He loves his business and supports every entrepreneur who wants to make it big .Hence it should be a surprise when Chairman of Tata Sons entered the list of angel investors for startups. When Ratan Naval Tata does business, he does it in style, and his list of investments in startups is no different. He has supported many Indian start ups like Paytm, Ola, Firstcry, Xiomi, Snapdeal, Cashkaro, Urbanclap, Lenskart.