Ratan Naval Tata an Indian Industrialist ,known for his wit amd wisdom is the former chairman of Tata Sons and Tata Group.He is the recipient of Padma Bhushan and Padma Vibhushan. As per Forbes,He has net worth of $291Billion.He achieved number of mile stones in life, Be it inventing the cheapest car Nano or buying the German Brand Jaguar. His decisions explains how intellectual, determined, generous and humble he has been through out the life.He is author of the book named 'The Wit & Wisdom of Ratan Tata' which works as a light in the dark tunnel,where he has shared his experiences and learnings he gained from his life.He has always promoted the idea of innovation and encouraged young entrepreneurs to work. He in a webinar said 'I have always enjoyed the company of the spirited and enthusiastic youth of the country. Their energy is Truly Infectious and they make me feel like i have'nt aged at all.'
He understood the Indian Market very well. Knowing the income group of people of India,He came up with idea of Making Nano -a car for middle income group of people with a budget of Rs.1,00,000. He mentioned in an interview.,' i dream of an India that would be an equal opportunity country-A country where we diminish the disparity between the rich and poor and, Most importantly, Give an opportunity to anyone to succeed as long as they have the willingness and endurance to do so. He is the Doyen of Tata group.
His wisdom can also be judged when he decided to purchase the elite British Car brands Jaguar and Land Rover from the Ford Company. The $2.3 million deal marked as the largest ever acquisition by the Indian Automative firm . He realized it was the Pay back time for the humiliation faced when they went sell Tata Indigo to Ford in 1999.Moreover Mr. Tata used 3 point stratergy for Jaguar i.e. focus on Improving Liquidity,Cost Control and New Product which further worked well for the company
The methods of doing business of Mr.Tata has always been ethical. He learned this Wisdom from the various challenges he faced,Be it starting his career from normal job where he worked with furnaces and managerial staff .He said said that 'it is there ,he learnt humility'or the period when he joined Tata.He had collisions with other staff members when he joined Empeess Mills.Due to recession he could not execute his ideas properly when he was working as Director in National Radio & Electronics Company Limited.
His strong will and determination,ability to think analytically during tough situations helped him to reach where he is Today.
Though Being the Richest ,he is not mentioned in the list of Richest men of the World because 65% of the company's and family's income is spent away as charity.
His story motivates everyone to not to be afraid of hurdles that come on the way,trusting that hurdles come to make you wise. Also one should be humble enough to understamd the problems in society and work for its the betterment .