Ratan Tata, the former chairman of the Tata Group, is a successful businessman, industrialist and philanthropist who stands out for his wisdom, trust and integrity. He is a humble and remarkable personality who always believes in giving back to the society for its welfare. He always motivates many leaders and individuals to have faith in yourself and achieve your goals.
Some of the highlights of Ratan Tata’s work are:
• In 1998, ‘Tata Indica’, the Tata conglomerate’s first passenger car was launched. It was known as the No. 1 car brand in its segment in a span of two years.
• In 2000, Tata tea was renamed as Tata Global Beverages and Tata acquired the Tetley Group, which was the world’s second-largest tea manufacturer and distributor.
• In 2001, Tata Group re-entered in the insurance sector with Tata AIG, a joint venture between Tata Group and American International Group Inc.
• In 2002, it acquired a controlling stake in Videsh Sanchar Nigam Ltd. (VSNL) which was founded in 1986. It was the first Indian PSU to be listed on the New York Stock Exchange.
• In 2003, Tata Consultancy Services (TCS) became the first Indian software company to cross $1 billion in revenue.
• In 2004, Tata Motors acquired the heavy vehicles unit of Daewoo Motors and also got listed in the New York Stock Exchange.
• In 2007, Tata Steel acquired the Anglo-Dutch company, Corus, which was the 2nd largest steelmaker in Europe.
• In 2008, Tata motors unveils Tata Nano, the cheapest passenger car of the country. Its initial price was ₹1 lakh so that it can be affordable to the middle class. Also, Tata Motors acquired the Jaguar and Land Rover businesses from Ford to form the merger Jaguar Land Rover.
• In 2012, Tata Global Beverages and Starbucks formed a joint venture named as ‘Tata Starbucks Ltd.’
• Tata Group of Companies and Tata charities donated $50 million for construction of Carnegie Mellon University for a research facility in cognitive systems and autonomous vehicles.
• In 2014, Tata Group financed the Indian Institute of Technology (IIT) Bombay and formed Tata Centre for Technology and Design (TCTD) to develop the design and engineering principles. They gave ₹950 million to the institute which was the largest donation ever received.
• In 2020, Ratan Tata committed and donated ₹500 crores to fight the COVID-19 crisis in the country. Also, Tata Sons, the principal holding company of the Tata Group, contributed ₹1,000 crores towards COVID 19 and planned to manufacture ventilators.
Ratan Tata’s Achievements are:
• He has been awarded the two highest civilian awards in India, the Padma Bhushan (2000) and the Padma Vibhushan (2008). He was awarded the CNN-IBN Indian of the Year in Business in the year 2006. In 2020, the Indo-American Chamber of Commerce (IACC) presented a lifetime achievement award to Ratan Tata.
• In 2004, he received the ‘Medal of the Oriental Republic of Uruguay’ from the Government of Uruguay.
• He was conferred the ‘International Distinguished Achievement Award’ by the B’nai B’rith International in the year 2005.
• He had conferred the Honorary Fellowship of The London School of Economics and Political Science in the year 2007.
• He was awarded the title of Honorary Knight Commander of the Order of the British Empire, United Kingdom in the year 2009.
• In 2009, Life Time Contribution Award in Engineering for 2008 was awarded to him by Indian National Academy of Engineering.
• In 2010, he won the ‘Oslo Business for Peace Award’ presented by the Business for Peace Foundation.
Ratan Tata truly deserves all the respect and honour for his sense of responsibility and down to earth nature. To know more about Ratan Tata and his journey, download the Xpert app and learn from your favourite experts.
– Aastha Gupta
(Intern at Xpert – Learn From The Best For Free)