Ratan Tata, chairman emeritus of Tata Sons, died at the age of 86 at a hospital in Mumbai on Wednesday.
Ratan Tata, head of India’s oldest business group, has died. He was honorary chairman of Tata Sons. He breathed his last at Breach Candy Hospital in Mumbai at the age of 86. He was admitted to the hospital on Wednesday itself. There was also news of him being in the hospital on October 7, but he had posted saying he was fine and there was nothing to worry about.
Under the leadership of Padma Bhushan and Padma Vibhushan awardee Ratan Tata, the Tata Group launched the country’s cheapest car and recently purchased debt-ridden Air India in a $100,000 cash deal. worth Rs 18,000 crore. Ratan Tata, who was very successful in business, loved simplicity in his personal life and lived in his small apartment in Mumbai.
Parents separated in childhood, raised by grandmother
Born on December 28, 1937 to Naval and Sunu Tata, Ratan was the great-grandson of Tata Group founder Jamsetji Tata. His family belongs to the Parsi religion. His parents separated when he was young and he was raised by his grandmother. In 1991, he became chairman of the Tata Group. Ratan Tata was married four times. Tata says he would have married once when he was in America. At that very moment, his grandmother called him on the phone. Due to the outbreak of war between India and China at that time, he could not return to America. After a while, this girl married someone else.
He remained chairman for 21 years and the Tata group’s profits increased 50 times.
Joined the family business in 1962. Initially, he worked in the workshop of Tata Steel. After that, he continually progressed into management positions. In 1991, JRD Tata resigned and Ratan Tata took charge of the group at the age of 75 in 2012, Tata resigned from his executive duties. During its 21 years of existence, the Tata Group’s profits increased 50 times. Most of this revenue came from overseas sales of popular Tata products such as Jaguar-Landrover and Tetley vehicles. After stepping down as president, he named Cyrus Mistry, 44, to succeed him. His family was the group’s largest individual shareholder. However, over the next few years, tensions between Mistry and Tata increased. In October 2016, after less than four years, Mistry was ousted from the Tata board with the full support of Ratan Tata. Tata stepped down as chairman until a new successor was appointed in February 2017.
Used to talking less, book lover and car enthusiast.
Tata didn’t like conversations since childhood. He only spoke about formal and important subjects. He was a book lover and loved reading success stories. In an interview, he said that after retirement he would devote time to his hobby. He loved listening to songs from the 60s and 70s. He said: “I would be very satisfied if I could play classical music. I like Shoppen. The symphony also sounds good. I like Beethoven, Tchaikovsky, but I wish I could play them myself on the piano. » Asked about cars, Tata replied that he really likes cars. He said: “I like old cars and new ones. In particular, there is a deep interest in their style and mechanics. That’s why I buy them, to be able to read them.
He himself drove his friend 50 years his junior to dinner.
Shantanu Naidu (left) was Ratan Tata’s closest friend. He is the Managing Director of the Tata Group.
Shantanu Naidu, 30, considered closest to Ratan Tata, had shared many aspects of his personality in a conversation with Indianewsget. Shantanu is the Managing Director of the Tata Group. He told me that I had gone to dinner with Tata. He himself drove the car and took me to the “Thai Pavilion” in Mumbai. During dinner, I asked Auntie: When I graduate, will you come to my graduation ceremony? On this Tata said I will try my best and he also came and Shantanu said I am going to America to do MBA at Cornell University then I met him for the first time. Seeing my injury, he jokingly said, “Did a dog bite me?” He immediately apologized and said it was a really bad joke.
Donated Rs 500 crore during COVID-19 pandemic
Ratan Tata was deeply involved in the Tata Trusts, the philanthropic arm of the group. This arm of the Tata group works in sectors like education, healthcare and rural development.
Throughout his career, Ratan Tata has made it a point to use 60-65% of Tata Sons’ dividends for charitable causes. Ratan Tata had donated Rs 500 crore to fight the COVID-19 pandemic.
Ratan Tata donated $50 million to Harvard Business School to create an executive center. He studied from here. His contributions have earned him respect globally, furthering his legacy as a philanthropist and visionary.
3 stories from Ratan’s life
7 photos of Ratan Tata
Ratan Tata (left) with his brother Jimmy, photo from 1945. Sharing this photo on his Instagram on January 10, 2023, he wrote: “Those were happy days.
This photo was taken when Ratan Tata was a student at Cornell University. In his social media post, he wrote that he was excited about the lessons he learned during his time at the university.
JRD Tata has appointed Ratan Naval Tata as his successor after leading the group for almost 50 years.
Ratan Tata posed for photos at the launch of ‘India’s first indigenous car, the Tata Indica’.
Ratan Tata with JRD Tata. Ratan Tata used to say about his group: “He appreciated the love and affection he received from the workers and supervisors.
On his Instagram page, Ratan Tata wrote in detail about this photo: it was taken while he was on leave from college.
Ratan Tata was the first Indian civilian to fly an F-16. He was the co-pilot of a US Air Force Block 50 fighter jet for approximately 40 minutes.
Some information about the Tata company
The Tata group was established 156 years ago: its products are part of our lives from morning to night.
The Tata Group was founded by Jamsetji Tata in 1868. It is India’s largest multinational company, its 30 companies operate in 10 different sectors in over 100 countries across the world. Currently, N Chandrasekaran is the president.
Tata Sons is the principal investment holding company and promoter of Tata companies. 66% of the share capital of Tata Sons is held by its charitable foundation, which works for education, health, art and culture and creation of livelihoods.
The total turnover of all Tata group companies in 2023-24 was Rs 13.86 lakh crore. It provides employment to more than 10 lakh people. Its products are integrated into our lives from morning to evening. From drinking Tata tea after waking up in the morning to using the Tata Binge service on TV to using countless products made from Tata Steel.
Ratan Tata said… “The biggest risk is not taking a risk.”
“If you want to go quickly, go alone. But if you want to go a long distance, go together. ”Take the stones that people throw at you and use them to build a monument.”I don’t believe in making good decisions. I make decisions and then prove them right. “Meet challenges with patience and perseverance, because they are the cornerstone of success. »The biggest risk is not taking risks. In a rapidly changing world, only one strategy can fail: not taking risks.