Who is Ratan Naval Tata?
Ratan Naval Tata Biography: Ratan Naval Tata is currently the Executive Chairman of Tata Sons, the umbrella organisation for the Tata Group which includes Tata Consultancy Services, Tata Motors, Tata Power, Indian Hotels, Tata Steel and Tata Teleservices. As his parents divorced when he was just 10 years old, he was brought up by his grandmother. After graduating from college, he became actively involved in the family business. He started working with Tata Steel in 1962, where he got acquainted with the family company.
He dominated his field for many years and still contributes to it with all his might. He served as chairman of the Tata Group from 1990 to 2012 and as interim chairman from October 2016 to 2017, after which he managed the company’s charitable trusts. He was awarded the Padma Vibhushan in 2008 and the Padma Bhushan in 2000, two of India’s highest civilian awards. This is just one of the few things we have learned about him so far. Let’s take a closer look at the details.
READ ALSO: Nasiphi Moyamoya Biography: family, Age, Early Life Education, Career, Net worth
Ratan Naval Tata Early Life
Ratan Tata was born in Bombay on December 28, 1937, to Naval and Sooni Tata. Jamsetzi Tata’s second son, Ratanji Tata, adopted Naval Tata. When Ratan was ten years old, his parents divorced. His grandmother Nabajibai Tata raised him and his half-brother Noel Tata. He attended Campion School, Bombay, up to class eight, after which he moved to Cathedral and John Connon School, Bombay, and Bishop Cotton School, Shimla, for further studies. After completing his academic education in 1955, he graduated from Riverdale Country School, New York City. After four years of study at Cornell University, he earned a bachelor’s degree in architecture. In 1975, he enrolled in the seven-week Advanced Management Program at Harvard Business School, which he continues to support financially to this day.
Ratan Naval Tata Career
He began his career with the company in 1962 as a miner, which is pretty amazing. He shoveled stone with other workers and worked in the ovens. It was physically demanding work, but it allowed him to learn more about and appreciate his parents’ business. Ratan became the Chairman of Tata Sons as the successor of J.R.D. Mr. Tata resigned in 1991.
Due to the freedom of action under J.R.D. Tata had to face considerable resistance from CEOs of some companies which later became very strong. But he overcame all this resistance. Under his leadership, research and innovation was given great importance and most of the tasks were given to the younger generation.
The Tata Group achieved its greatest success during his 21-year tenure. Sales increased by 40% and profits increased by 50%. His bold investments in large multinational companies like Jaguar, Tetley & Land Rover and Corus Steel had a profound impact on the Indian and global industrial sector.
Ratan Tata Wife
“I almost got married four times, but each time I backed out of fear or some other reason,” Ratan Tata said in 2011. He had fallen in love with the woman while he was in Los Angeles. Ms. Angeles was alive, but she had to return to India after her family fell ill. At the same time, her parents had forbidden her from traveling to India, so Ms. Tata vowed to keep her promise and has not married since.
READ ALSO: Qing Madi Biography: Family, Age, Early Life, Education, Career, Net worth
Cause of Ratan Naval Tata Death
Former Tata Sons chairman Ratan Tata passed away on Wednesday. He was 86 years old. According to reports, the veteran businessman was admitted to Mumbai’s Breach Candy Hospital after suffering a sudden drop in blood pressure. He was subsequently shifted to the intensive care unit after his health suddenly deteriorated.
Ratan Naval Tata Net Worth
Ratan Tata has a net worth of $1billion, approximately 3800 crores rupees in Indian currency. Ratan Tata’s total net worth consists of a large amount of funds from many sources. Even Ratan Tata is not included in the billionaire list as his charitable foundations control 65 percent of TATA Sons, which is also the holding company for 96 other subsidiaries of the TATA group. As a result, Ratan Tata’s 65 percent ownership of Tata Sons Limited does not appear on his balance sheet, but it does appear on the balance sheets of some of his charitable foundations.
