Ratan Tata Explained

Ratan Tata
Birth Name:Ratan Naval Tata
Birth Date:28 December 1937
Birth Place:Bombay, Bombay Presidency, British India
(now Mumbai, Maharashtra, India)
Alma Mater:Cornell University (BArch)
Occupation:Industrialist, Philanthropist
Chairman Emeritus, Tata Sons and Tata Group[1]
Predecessor:J. R. D. Tata
Father:Naval Tata
Relations:Tata family

Ratan Naval Tata (born 28 December 1937) is an Indian industrialist, philanthropist and former chairman of Tata Sons. He was a chairman of the Tata Group from 1990 to 2012, and interim chairman from October 2016 through February 2017. He continues to head its charitable trusts.[2] [3] In 2008, he received the Padma Vibhushan, the second highest civilian honour in India, after receiving the Padma Bhushan, the third highest civilian honour in 2000.

He is the son of Naval Tata, who was adopted by Ratanji Tata, son of Jamsetji Tata, the founder of the Tata Group. He graduated from the Cornell University College of Architecture with a bachelor's degree in architecture.[4] He joined Tata in 1961, where he worked on the shop floor of Tata Steel. He later succeeded J. R. D. Tata as chairman of Tata Sons upon the latter's retirement in 1991. Under his tenure the Tata Group acquired Tetley, Jaguar Land Rover, and Corus, in an attempt to turn Tata from a largely India-centric group into a global business. Tata is also one of the largest philanthropists in the world, having donated around 60–65% of his income to charity.

Ratan Tata is also a prolific investor and has made numerous investments in several startups. Tata has invested in over 30 start-ups to date, most in a personal capacity and some via his investment company.[5] [6]

Early life & education

See main article: Tata family.

Ratan Tata was born in Bombay, now Mumbai, during the British Raj, into a Parsi Zoroastrian family, on 28 December 1937.[7] He is the son of Naval Tata, who was born in Surat and later adopted into the Tata family, and Sooni Tata, the niece of Tata group founder Jamsetji Tata. Tata's biological grandfather, Hormusji Tata, was a member of the Tata family by blood. In 1948, when Tata was 10, his parents separated, and he was subsequently raised and adopted by Navajbai Tata, his grandmother and widow of Ratanji Tata.[8] He has a younger brother Jimmy Tata[9] and a half-brother, Noel Tata, from Naval Tata's second marriage with Simone Tata, with whom he was raised.

Tata studied at the Campion School, Mumbai till the 8th class. After which, he studied at the Cathedral and John Connon School in Mumbai, the Bishop Cotton School in Shimla, and the Riverdale Country School in New York City, which he graduated from in 1955.[10] [11] [12] After graduating from high school, Tata enrolled in Cornell University, from which he graduated with a bachelor's degree in architecture in 1959. In 2008, Tata gifted Cornell $50 Million, becoming the largest international donor in the university's history.[13]

Career

In the 1970s Tata was given a managerial position in the Tata group. He achieved initial success by turning the subsidiary National Radio and Electronics (NELCO) around, only to see it collapse during an economic slowdown.[14] [15] In 1991, J. R. D. Tata stepped down as chairman of Tata Sons, naming him his successor. Initially, Tata faced stiff resistance from the heads of various subsidiaries, who had a large amount of operational freedom under the senior Tata's tenure. In response, Tata implemented a number of policies designed to consolidate power, including the implementation of a retirement age, having subsidiaries report directly to the group office, and requiring subsidiaries to contribute their profit to building the Tata group brand. Tata prioritised innovation and delegated many responsibilities to younger talent.[16] Under his leadership, overlapping operations between subsidiaries were streamlined into company-wide operations, with the group exiting unrelated businesses to take on globalisation.[17]

During the 21 years Tata led the Tata Group, revenues grew over 40 times, and profit over 50 times.[14] When he took over the company, sales overwhelmingly comprised commodity sales, but at the end of his tenure, the majority of sales came from brands.[18] [19] He had Tata Tea acquire Tetley, Tata Motors acquire Jaguar Land Rover, and Tata Steel acquire Corus. These acquisitions repositioned Tata from a largely India-centric group into a global business, with over 65% of revenues coming from operations and sales internationally.[14]

He also conceptualized and spearheaded the development of the Tata Nano car, which helped put cars at a price-point within reach of the average Indian consumer.[20] Tata Motors has since rolled out the first batch of Tigor Electric Vehicles from its Sanand Plant in Gujarat, which Tata has described as "fast-forward[ing] India's electric dream."[21]

Upon turning 75, Ratan Tata resigned his executive powers in the Tata group on 28 December 2012. An ensuing leadership crisis over his succession drew intense media scrutiny.[22] The board of directors and legal division of the company refused to appoint his successor, Cyrus Mistry, a relative of Tata and the son of Pallonji Mistry of the Shapoorji Pallonji Group, which was the largest individual shareholder of the Tata group.[23] [24] On 24 October 2016, Cyrus Mistry was removed as chairman of Tata Sons, and Ratan Tata was made interim chairman. A selection committee, which included Tata as a member, was formed to find a successor.[25] On 12 January 2017, Natarajan Chandrasekaran was named as the chairman of Tata Sons, a role he assumed in February 2017. In February 2017, Mistry was removed as a director for Tata Sons.[26] The National Company Law Appellate Tribunal later found in December 2019 that the removal of Cyrus Mistry as the chairman of Tata Sons was illegal, and ordered that he be reinstated. On appeal, India's Supreme Court upheld the dismissal of Cyrus Mistry.[27]

Tata has also invested in multiple companies with his own wealth. He has invested in Snapdeal – one of India's leading e-commerce websites. In January 2016, he invested in Teabox, an online premium Indian Tea seller,[28] and CashKaro.com, a discount coupons and cash-back website.[29] He has made small investments in both early and late stage companies in India, such as INR 0.95 Cr in Ola Cabs.[30] In April 2015, it was reported that Tata had acquired a stake in Chinese smartphone startup Xiaomi.[31] In 2016, he invested in Nestaway an online real-estate portal that later acquired Zenify to start the online real-estate and pet-care portal, Dogspot.[32] [33] [34] [35]

Notes and References

  1. Web site: Tata Sons Board replaces Mr. Ratan Tata as Chairman, Selection Committee set up for new Chairman via @tatacompanies. Tata.com. 24 October 2016. https://web.archive.org/web/20161024215035/http://tata.com/article/inside/tata-sons-chairman-selection-committee. 24 October 2016.
  2. News: Ratan Tata is chairman emeritus of Tata Sons . The Times of India . 11 January 2016 . 11 February 2016 . https://web.archive.org/web/20160211181424/http://timesofindia.indiatimes.com/business/india-business/Ratan-Tata-is-chairman-emeritus-of-Tata-Sonsss/articleshow/17671786.cms . live .
  3. News: Masani. Zareer. What makes the Tata empire tick?n;. 30 April 2016. The Independent (UK). 5 February 2015. 1 June 2016. https://web.archive.org/web/20160601162559/http://www.independent.co.uk/news/business/analysis-and-features/what-makes-the-tata-empire-tick-10024897.html. live.
  4. Web site: Leadership Team | Tata group . Tata.com . 28 December 2012 . 10 January 2022 . 1 May 2020 . https://web.archive.org/web/20200501051021/https://www.tata.com/management-team#//management-team/rnt . live .
  5. Web site: 28 December 2021 . Ratan Tata turns 84: A list of 10 start-ups funded by the industrialist . 17 August 2023 . Business Today . en.
  6. News: 17 August 2022 . Ratan Tata invests in companionship startup Goodfellows: Why he invested, the business model and other details . The Times of India . 17 August 2023 . 0971-8257.
  7. Encyclopedia: Hollar . Sherman . Ratan Tata . Encyclopedia Britannica . 12 September 2018 . 12 September 2018 . https://web.archive.org/web/20180912205527/https://www.britannica.com/biography/Ratan-Tata . live .
  8. News: Ratan Tata rode the tiger economy and now he drives Jaguar. 31 March 2012. The Daily Telegraph. 30 March 2008. Langley. 4 October 2012. https://web.archive.org/web/20121004183508/http://www.telegraph.co.uk/comment/personal-view/3556736/Ratan-Tata-rode-the-tiger-economy-and-now-he-drives-Jaguar.html. live.
  9. Web site: এক্সপ্রেস . বেঙ্গল . 8 December 2022 . দুটা মাত্র ঘর, ব্যাবহার করেন না মোবাইল চিনতে পাচ্ছেন রতন টাটার এই ভাই কে ? . 8 December 2022 . Bengal Xpress . bn.
  10. News: 31 March 2009 . Ratan Tata goes back to school . . 31 March 2012 . https://web.archive.org/web/20130725200328/http://articles.timesofindia.indiatimes.com/2009-03-31/india/28031551_1_ratan-tata-nie-tata-group . 25 July 2013.
  11. Web site: Philip. Handler. Maddy. Handler. June 2009. Ratan Tata '59: The Cornell Story. Cornell University . 12 March 2018. 13 March 2018. https://web.archive.org/web/20180313031411/https://ecommons.cornell.edu/handle/1813/13622. live.
  12. News: QUAD Spring 2010. Issuu. 12 March 2018.
  13. Web site: Ratan Tata, '62, Becomes Cornell University's Biggest International Donor – C-Suite Spotlight . 2 December 2020 .
  14. News: Majumdar. Shyamal. 40 Years Ago... and Now: Ratan Tata increased dare quotient of Tata group. 29 April 2016. Business Standard. 21 January 2015. 13 May 2016. https://web.archive.org/web/20160513222040/http://www.business-standard.com/article/companies/40-years-ago-and-now-ratan-tata-increased-the-dare-quotient-of-the-tata-group-115012000145_1.html. live.
  15. Web site: Ratan Tata and NELCO Crucible – The untold story.. vivifychangecatalyst. 11 October 2013. 29 April 2016. 11 October 2016. https://web.archive.org/web/20161011222559/https://vivifychangecatalyst.wordpress.com/2013/10/11/ratan-tata-and-nelco-crucible-the-untold-story/. live.
  16. Book: Christopher. Elizabeth. Deresky. Helen. International Management: Managing Cultural Diversity. 2012. Pearson Australia. 978-1-4425-3967-9. 457. Second. 30 April 2016. 9 July 2020. https://web.archive.org/web/20200709192857/https://books.google.com/books?id=BSfiBAAAQBAJ&pg=PA460. live.
  17. News: 3 March 2011 . The Tata group: Out of India . The Economist . live . 30 April 2016 . https://web.archive.org/web/20160605100103/http://www.economist.com/node/18285497 . 5 June 2016.
  18. News: Aiyar. Shankkar. Ratan's Tata. 30 April 2016. India Today. 24 February 2003. 31 May 2016. https://web.archive.org/web/20160531235635/http://indiatoday.intoday.in/story/tata-group-grows-fourfold-under-ratan-tata-accounts-for-2.4percent-of-gdp/1/206727.html. live.
  19. Web site: Goldstein. Andrea. The Internationalization of Indian Companies: The Case of Tata. Center for the Advanced Study of India, University of Pennsylvania. 36. January 2008. 30 April 2016. 2 June 2016. https://web.archive.org/web/20160602122428/https://www.ciaonet.org/attachments/830/uploads#page=36. live.
  20. Web site: Interview with Ratan Naval Tata . Creating Emerging Markets . Harvard Business School . 10 December 2017 . 26 January 2021 . https://web.archive.org/web/20210126124853/https://www.hbs.edu/creating-emerging-markets/interviews/Pages/profile.aspx?profile=rntata . live .
  21. News: 9 December 2017 . Why Ratan Tata's Tigor rollout is a revolutionary statement . en-IN . The Economic Times . live . 10 December 2017 . https://web.archive.org/web/20171211063603/https://economictimes.indiatimes.com/industry/auto/news/why-ratan-tatas-tigor-rollout-is-a-revolutionary-statement/articleshow/61995852.cms . 11 December 2017.
  22. Web site: Goswami . Ranjit . 1 November 2016 . Can India's mega-conglomerate Tata Sons survive its leadership crisis? . live . https://web.archive.org/web/20220110210350/https://theconversation.com/can-indias-mega-conglomerate-tata-sons-survive-its-leadership-crisis-67965 . 10 January 2022 . 25 January 2017 . The Conversation.
  23. News: Cyrus P Mistry to succeed Ratan Tata. 23 November 2011. 25 July 2013. https://web.archive.org/web/20130725235226/http://www.timesnow.tv/videoshow/4389699.cms. live.
  24. News: Ratan Tata, India's Corporate Czar, Retires With a $500 Billion Vision. Bloomberg. 27 March 2013. 20 January 2013. https://web.archive.org/web/20130120055557/http://www.bloomberg.com/news/2013-01-03/ratan-tata-india-s-corporate-czar-retires-with-a-500-billion-vision.html. live.
  25. News: Cyrus Mistry Replaced by Ratan Tata as Tata Sons chairman – The Economic Times. The Economic Times. 24 October 2016. 26 October 2016. https://web.archive.org/web/20161026020828/http://economictimes.indiatimes.com/news/company/corporate-trends/big-rejig-ratan-tata-to-replace-cyrus-mistry-as-tata-sons-chairman/articleshow/55031245.cms. live.
  26. Web site: Cyrus Mistry back in the waiting line as Supreme Court stays order allowing him to be reinstated as Tata Sons Chairman . live . https://web.archive.org/web/20200126225230/https://www.businessinsider.in/business/corporates/news/sc-stays-nclat-order-reinstating-cyrus-mistry-as-tata-sons-chairman/articleshow/73184404.cms . 26 January 2020 . 24 January 2020 . Business Insider.
  27. News: Tatas making Cyrus chairman wrong decision of lifetime:Supreme Court . live . https://web.archive.org/web/20210331033439/https://timesofindia.indiatimes.com/business/india-business/tatas-making-cyrus-chairman-wrong-decision-of-lifetime-sc/articleshow/81715818.cms . 31 March 2021 . 31 March 2021 . The Times of India. 27 March 2021 .
  28. News: Ratan Tata invests in TeaBox, comes on board as advisor. Business Standard. 27 January 2016. 27 January 2016. 10 January 2022. https://web.archive.org/web/20220110210329/https://www.business-standard.com/article/companies/ratan-tata-invests-in-teabox-is-on-board-as-advisor-116012700186_1.html. live.
  29. News: Ratan Tata invests undisclosed amount in online cashback venture CashKaro.com. Economic Times. 19 January 2016. 7 June 2016. 25 May 2016. https://web.archive.org/web/20160525105959/http://articles.economictimes.indiatimes.com/2016-01-19/news/69900289_1_kalaari-capital-urban-ladder-venture. live.
  30. Web site: Decoding Ratan Tata's start-up investments . Livemint . 2 October 2015 . 2 December 2015 . 7 December 2015 . https://web.archive.org/web/20151207171328/http://www.livemint.com/Companies/H2QDrDQP5E3UF94wYzz0gM/Decoding-Ratan-Tatas-startup-investments.html . live .
  31. Web site: Flannery. Russell. Ratan Tata Investment Underscores How Xiaomi Defies Odds. Forbes. 4 May 2015. 2 May 2015. 5 May 2015. https://web.archive.org/web/20150505220936/http://www.forbes.com/sites/russellflannery/2015/05/02/ratan-tata-investment-underscores-how-xiaomi-defies-odds/. live.
  32. News: Ratan Tata invests in pet care portal. 4 January 2016. The Hindu. en-IN. 0971-751X. 28 July 2016. 10 January 2022. https://web.archive.org/web/20220110210330/https://www.thehindu.com/business/Industry/Ratan-Tata-invests-in-pet-care-portal/article13980760.ece. live.
  33. Web site: DogSpot raises funds from Ratan Tata, others. Sahay. Priyanka. 4 January 2016. 28 July 2016. 12 August 2016. https://web.archive.org/web/20160812013030/http://www.livemint.com/Companies/YwlbW7z2551ciSauCZ4XMP/DogSpot-raises-funding-from-Ratan-Tata-others.html. live.
  34. Web site: Ratan Tata invests in pet care portal DogSpot.in- Business News. www.businesstoday.in. 4 January 2016 . 28 July 2016. 7 August 2016. https://web.archive.org/web/20160807233111/http://www.businesstoday.in/current/corporate/ratan-tata-invests-in-pet-care-portal-dogspot.in/story/227715.html. live.
  35. News: Ratan Tata Launches India's 1st Companionship Startup For Senior Citizens. 16 August 2022. NDTV. en-IN. 16 August 2022. 16 August 2022. https://web.archive.org/web/20220816143103/https://www.ndtv.com/india-news/ratan-tata-launches-indias-1st-companionship-startup-for-senior-citizens-3259672. live.
  36. Web site: You'll Respect These Indians More After You Find Out How Much They Donate To Charity. ScoopWhoop. 13 May 2015. 13 November 2017. 13 November 2017. https://web.archive.org/web/20171113165550/https://www.scoopwhoop.com/inothernews/charitable-indians/#.4gfi7ecfz. live.
  37. Web site: Tata Trusts. www.tatatrusts.org. 13 February 2020. 16 January 2020. https://web.archive.org/web/20200116051450/https://www.tatatrusts.org/. live.
  38. Web site: Tata Trusts: A role model for philanthropy. 15 October 2020. The Week. en. 26 October 2020. https://web.archive.org/web/20201026153342/https://www.theweek.in/theweek/cover/2018/10/05/tata-trusts-a-role-model-for-philanthropy.html. live.
  39. Web site: UNSW looks to solar-powered desalination to help bust droughts josh . RenewEconomy . en-AU . 18 April 2019 . 18 April 2019 . 18 April 2019 . https://web.archive.org/web/20190418103758/https://reneweconomy.com.au/unsw-looks-to-solar-powered-desalination-to-help-bust-droughts-josh-39604/ . live .
  40. Web site: Duong . Cecilia . Solar powered desalination offers hope of a global shift in agriculture . UNSW Newsroom . 17 April 2019 . 18 April 2019 . 18 April 2019 . https://web.archive.org/web/20190418015502/https://newsroom.unsw.edu.au/news/science-tech/solar-powered-desalination-offers-hope-global-shift-agriculture . live .
  41. Web site: Bansal . Pulkit . 25 March 2023 . Ratan Tata Net Worth, Wiki & Bio . 30 March 2023 . Net Worth Library.
  42. Web site: Tata Scholarship | Undergraduate Admissions. admissions.cornell.edu. 16 May 2019. 4 June 2019. https://web.archive.org/web/20190604102457/https://admissions.cornell.edu/apply/international-students/tata-scholarship. live.
  43. Web site: Harvard Business School Receives $50 Million Gift from the Tata Trusts and Companies. 14 October 2010 . 14 January 2017. 13 January 2017. https://web.archive.org/web/20170113230938/http://www.hbs.edu/news/releases/Pages/tatagift.aspx. live.
  44. News: Tata Hall Dedicated at HBS. Harvard Magazine . 6 November 2018. 10 December 2013. 13 August 2018. https://web.archive.org/web/20180813113828/https://harvardmagazine.com/2013/12/tata-hall-at-hbs-dedicated. live.
  45. Web site: HBS Tops Off Tata Hall. 14 January 2017. 18 January 2017. https://web.archive.org/web/20170118033238/http://www.thecrimson.com/article/2012/9/25/HBS-Tops-Tata-Hall/. live.
  46. Web site: A campus built on philanthropy – Tata Hall. Harvard Business School -About us. 19 June 2016. 22 June 2016. https://web.archive.org/web/20160622202327/http://www.hbs.edu/about/campus-and-culture/campus-built-on-philanthropy/Pages/tata-hall.aspx. live.
  47. Web site: Cornell Tech inaugurates Tata Innovation Center .
  48. News: Carnegie Mellon and Tata Consultancy Services Break Ground on Global Research Facility in the U.S. – News – Carnegie Mellon University . University . Carnegie Mellon . 1 April 2017 . 29 November 2018 . en . 30 November 2018 . https://web.archive.org/web/20181130030253/https://www.cmu.edu/news/stories/archives/2017/april/tcs-hall-groundbreaking.html . live .
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  50. News: IIT-Bombay receives largest ever donation for research and development – Times of India. The Times of India. 22 August 2014 . 2 May 2019. 3 March 2019. https://web.archive.org/web/20190303175812/https://timesofindia.indiatimes.com/home/education/news/IIT-Bombay-receives-largest-ever-donation-for-research-and-development/articleshow/40467119.cms. live.
  51. Web site: Indian Institute of Science, Major benefactors. iisc.ac.in. 30 September 2021. 30 September 2021. https://web.archive.org/web/20210930122236/https://iisc.ac.in/major-benefactors/. live.
  52. Web site: Tata grant to IISc materialises five years after promise. 28 July 2014. 30 September 2021. 30 September 2021. https://web.archive.org/web/20210930122225/https://www.deccanherald.com/content/422235/tata-grant-iisc-materialises-five.html. live.
  53. Web site: Tata Center for Technology + Design. MIT Innovation Initiative. 28 March 2016 . 26 January 2019. 6 February 2020. https://web.archive.org/web/20200206120708/https://innovation.mit.edu/resource/tata-center/. live.
  54. Web site: The Pritzker Architecture Prize Adds Two New Jurors: Kristin Feireiss of Germany and Ratan N. Tata of India . Pritzkerprize.com . 2 December 2015 . 24 September 2015 . https://web.archive.org/web/20150924110139/http://www.pritzkerprize.com/sites/default/files/file_fields/field_files_inline/2013_juror_news-release.pdf . live .
  55. Web site: Ratan Tata named Cornell Entrepreneur of the Year . Cornell Chronicle . 27 January 2023.
  56. News: Ratan Tata nominated to the board of Mondelez International . The Times of India . 3 April 2013 . 23 March 2014 . 3 October 2013 . https://web.archive.org/web/20131003232254/http://timesofindia.indiatimes.com/business/india-business/Ratan-Tata-nominated-to-the-board-of-Mondelez-International/articleshow/19363357.cms . live .
  57. Web site: Ray . Space Prizes: Ratan Tata and Michael Boustridge Join X PRIZE Foundation Board of Directors . Spaceprizes.blogspot.in . 1 June 2008 . 2 December 2015 . 8 December 2015 . https://web.archive.org/web/20151208060610/http://spaceprizes.blogspot.in/2008/06/ratan-tata-and-michael-boustridge-join.html . live .
  58. Web site: International Advisory Council – Bocconi University . 21 June 2016 . https://web.archive.org/web/20160804143951/https://www.unibocconi.it/wps/wcm/connect/Bocconi/SitoPubblico_EN/Navigation+Tree/Home/About+Us/Organization/International+Advisory+Council/International+Advisory+Council_Monzini+2010+05+06+04+28 . 4 August 2016 .
  59. Web site: International Advisory Board . 16 October 2023 . Hakluyt . en-GB.
  60. Web site: Ratan N. Tata Joins Carnegie Board of Trustees . Carnegie Endowment for International Peace . 28 November 2018 . Washington, DC . 13 September 2013 . 29 November 2018 . https://web.archive.org/web/20181129012824/https://carnegieendowment.org/2013/09/18/ratan-n.-tata-joins-carnegie-board-of-trustees-pub-53028 . live .
  61. News: Sharma . Samidha . Ratan Tata Turns Advisor to VC Fund . 28 November 2018 . The Times of India . 10 February 2015 . 16 August 2018 . https://web.archive.org/web/20180816131553/https://timesofindia.indiatimes.com/business/india-business/Ratan-Tata-turns-adviser-to-VC-fund/articleshow/46181587.cms . live .
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  63. News: Assam CM Announces 'Assam Baibhav' Award To Industrialist Ratan Tata . 18 December 2021 . The Sentinel . 12 December 2021 . 18 December 2021 . https://web.archive.org/web/20211218050335/https://www.sentinelassam.com/amp/north-east-india-news/assam-news/assam-cm-announces-assam-baibhav-award-to-industrialist-ratan-tata-565897 . live .
  64. Web site: Honorary Degree – University Awards & Recognition – The Ohio State University . Osu.edu . 2 December 2015 . 10 December 2015 . https://web.archive.org/web/20151210204132/https://www.osu.edu/universityawards/dsa/honorary.html . live .
  65. http://portal.bsnl.in/bsnl/asp/content%20mgmt/html%20content/business/business29191.html
  66. News: Asian Institute of Technology. Asian Institute of Technology confers doctorate on Ratan Tata. March 2008. https://web.archive.org/web/20120530150231/http://www.asdu.ait.ac.th/NewsAndEvents/newsletterData/HTMLFormat/iss3no7/cover.htm. 30 May 2012.
  67. Web site: B'Nai B'Rith International: Past Award Honorees . Bnaibrith.org . 2 December 2015 . 18 December 2015 . https://web.archive.org/web/20151218203353/http://www.bnaibrith.org/uploads/7/8/5/9/7859990/bbi_past_award_honorees_list.pdf . live .
  68. News: London School of Economics. University of Warwick confers Honorary Doctor of Science on Ratan Tata. March 2005. 28 June 2011. 25 July 2013. https://web.archive.org/web/20130725230604/http://www2.warwick.ac.uk/newsandevents/pressreleases/ne1000000109101/. live.
  69. News: Young engineers should stay back to serve the nation, says Ratan Tata – TAMIL NADU . https://web.archive.org/web/20081006135509/http://www.hindu.com/2006/07/29/stories/2006072912901000.htm . 6 October 2008 . 2 July 2006. . 2 December 2015.
  70. News: Ratan Tata wins responsible capitalism award | Business Standard News . Business Standard India . 3 December 2006 . 2 December 2015 . Press Trust of India . 24 November 2015 . https://web.archive.org/web/20151124141254/http://www.business-standard.com/article/companies/ratan-tata-wins-responsible-capitalism-award-106120300005_1.html . live .
  71. Web site: Ratan Tata becomes an LSE honorary fellow – 2007 – News archive – News – News and media – Home . Lse.ac.uk . 2 December 2015 . https://web.archive.org/web/20151208071058/http://www.lse.ac.uk/newsAndMedia/news/archives/2007/RatanTataHonoraryFellow.aspx . 8 December 2015 .
  72. News: Carnegie Endowment for International Peace . Carnegie Medal for Philanthropy on Ratan Tata . March 2007 . https://web.archive.org/web/20111008004356/http://www.carnegiemedals.org/pastbios/2007medalist.html . 8 October 2011 .
  73. News: University of Cambridge. University of Cambridge confers doctorate on Ratan Tata. March 2008. 28 June 2011. 2 July 2011. https://web.archive.org/web/20110702011557/http://www.cam.ac.uk/research/about/awards-announcements-and-prizes/honorary-degrees/. live.
  74. News: Mumbai Mirror . Ratan Tata gets smarter by a degree . https://archive.today/20130411102248/http://www.mumbaimirror.com/article/2/20080809200808090229325327587018/Ratan-Tata-gets-smarter-by-a-degree.html . 11 April 2013 . August 2008 .
  75. News: Economic Times. IIT Kharagpur confers doctorate on Ratan Tata. March 2008. 28 June 2011. 15 July 2012. https://archive.today/20120715234919/http://articles.economictimes.indiatimes.com/2008-03-19/news/28415749_1_doctorate-iit-kharagpur-honorary-degree. live.
  76. News: Singapore confers honorary citizenship on Ratan Tata. https://web.archive.org/web/20151208155245/http://indiatoday.intoday.in/story/Singapore+confers+honorary+citizenship+on+Ratan+Tata/1/14155.html. Indo-Asian News Service. 29 August 2008. 8 December 2015. India Today.
  77. Web site: Singapore Confers Prestigious Honorary Citizen Award on Mr Ratan N. Tata. www.mom.gov.sg. 2 August 2008. 25 January 2016. 30 January 2016. https://web.archive.org/web/20160130170831/http://www.mom.gov.sg/newsroom/press-releases/2008/singapore-confers-prestigious-honorary-citizen-award-on-mr-ratan-n-tata-and-tan-sri-frank-tsao. live.
  78. Web site: IET Honorary Fellows . The IET . 2 October 2015 . 2 December 2015 . 8 December 2015 . https://web.archive.org/web/20151208160854/http://www.theiet.org/resources/library/archives/institution-history/hon-fellows.cfm . live .
  79. Web site: The award . The Performance Theatre . 2 December 2015 . 8 December 2015 . https://web.archive.org/web/20151208144140/http://theperformancetheatre.com/about/inspired-leadership-award/ . live .
  80. News: GBE: Ratan Tata receives one of UK's top civilian honours. 5 May 2014. The Economic Times. 20 June 2015. 20 June 2015. https://web.archive.org/web/20150620090333/http://articles.economictimes.indiatimes.com/2014-05-05/news/49634105_1_tata-sons-tata-group-chairman-emeritus-ratan-tata. live.
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  83. Web site: Honorary degree 2010 nominations announced | University of Cambridge . Cam.ac.uk . 1 March 2010 . 2 December 2015 . 8 December 2015 . https://web.archive.org/web/20151208095543/http://www.cam.ac.uk/news/honorary-degree-2010-nominations-announced . live .
  84. Web site: 2010 Hadrian Award Gala | World Monuments Fund . Wmf.org . 1 October 2010 . 2 December 2015 . 8 December 2015 . https://web.archive.org/web/20151208220853/https://www.wmf.org/event/2010-hadrian-award-gala . live .
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  86. News: Yale University. Yale Chief Executive Leadership Institute to Honor Tata Sons Chairman Ratan Tata with "Legend in Leadership Award". September 2010. 28 June 2011. 25 September 2011. https://web.archive.org/web/20110925173758/http://celi.som.yale.edu/news-events/in-the-news/10/10/271. live.
  87. News: Pepperdine University . Pepperdine Confers Honorary Doctor of Laws Degree on Ratan N. Tata . September 2010 . https://web.archive.org/web/20110927100927/http://www.pepperdine.edu/pr/releases/2010/september/pepperdine-confers-honorary-degree.htm . 27 September 2011 .
  88. Web site: Seven secure Oslo Business for Peace Awards for 2010 | ICC – International Chamber of Commerce . Iccwbo.org . 5 October 2010 . 2 December 2015 . https://web.archive.org/web/20160109102343/http://www.iccwbo.org/News/Articles/2010/Seven-secure-Oslo-Business-for-Peace-Awards-for-2010/ . 9 January 2016 .
  89. News: . Winners of the Asian Awards 2010. https://web.archive.org/web/20121104051214/http://articles.timesofindia.indiatimes.com/2010-10-27/top-stories/28220308_1_asian-awards-lifetime-achievement-award-sunil-mittal. 4 November 2012. October 2010.
  90. Web site: List of Fellows – Royal Academy of Engineering . Raeng.org.uk . 2 December 2015 . 8 June 2016 . https://web.archive.org/web/20160608094405/http://www.raeng.org.uk/about-us/people-council-committees/the-fellowship/list-of-fellows .
  91. Web site: Lucie . George . Spotlight on engineering | Foreign Office Blogs . Blogs.fco.gov.uk . 7 August 2012 . 2 December 2015 . 23 March 2014 . https://web.archive.org/web/20140323151432/http://blogs.fco.gov.uk/science-innovation-network-india/2012/08/07/spotlight-on-engineering/ . live .
  92. Web site: Indian industrialist Ratan Tata honorary degree | UNSW Newsroom . Newsroom.unsw.edu.au . 2 November 2012 . 2 December 2015 . 8 December 2015 . https://web.archive.org/web/20151208224835/https://newsroom.unsw.edu.au/news/general/indian-industrialist-ratan-tata-honorary-degree . live .
  93. Web site: Conferment of Japanese Decoration on Mr. Ratan N. Tata, Chairman of Tata Group . Embassy of Japan in India . 29 April 2012 . 31 July 2016 . 14 July 2017 . https://web.archive.org/web/20170714220638/http://www.in.emb-japan.go.jp/Press_Releases_Embassy/PR08-2012.html . live .
  94. Web site: Ratan Tata receives lifetime achievement award . Cornell Chronicle . 27 January 2023.
  95. Web site: National Academy of Engineering Elects 69 Members And 11 Foreign Associates. 7 February 2013. The National Academies of Sciences, Engineering & Medicine. 19 March 2014. 14 July 2014. https://web.archive.org/web/20140714194254/http://www8.nationalacademies.org/onpinews/newsitem.aspx?RecordID=02072013. live.
  96. Web site: Dr. Mukesh Batra, Dr. Mukesh Hariawala, Dilip Surana of Microlabs, Upinder Zutshi of Infinite Computers, Dr. Ravindranath of Global Hospitals, Ratan Tata, Priyanka Chopra Among Others Declared Winners. 17 May 2017. 10 January 2022. https://web.archive.org/web/20220110210342/https://www.indiainfoline.com/article/bwnewswire/dr.-mukesh-batra-dr.-mukesh-hariawala-dilip-surana-of-microlabs-upinder-zutshi-of-infinite-computers-dr.-ravindranath-of-global-hospitals-ratan-tata-priyanka-chopra-among-others-declared-winners-at-4th-annual-india-leadership-conclave-2013-35744_1.html. live.
  97. Web site: EY honors Ratan Tata with life time achievement award. Ernst & Young. 6 August 2015. https://web.archive.org/web/20150924022442/http://www.ey.com/IN/en/About-us/Entrepreneurship/Entrepreneur-Of-The-Year/PR_BS_EY-honors-Ratan-Tata-with-life-time-achievement-award. 24 September 2015. dmy-all.
  98. Web site: Keynote & Honorees-Commencement Weekend – Carnegie Mellon University . Cmu.edu . 2 December 2015 . https://web.archive.org/web/20151202082317/http://www.cmu.edu/commencement/keynote_honorees/index.html . 2 December 2015 .
  99. Web site: Mr Ratan Tata receives honorary doctorate from SMU | News | Singapore Management University . SMU . 1 March 2014 . 2 December 2015 . 8 December 2015 . https://web.archive.org/web/20151208191743/http://www.smu.edu.sg/news/2014/03/19/mr-ratan-tata-receives-honorary-doctorate-smu . live .
  100. Web site: BMA to confer Sayaji Ratna Award on Ratan Tata . The Times of India . 6 April 2014 . 21 August 2014 . 10 April 2014 . https://web.archive.org/web/20140410081321/http://timesofindia.indiatimes.com/city/vadodara/BMA-to-confer-Sayaji-Ratna-Award-on-Ratan-Tata/articleshow/33321140.cms . live .
  101. News: Touched for being awarded GBE by UK: Ratan Tata | business . https://web.archive.org/web/20140418124001/http://www.hindustantimes.com/business-news/touched-for-being-awarded-gbe-by-uk-ratan-tata/article1-1209537.aspx . 18 April 2014 . Hindustan Times . 1 April 2014. 2 December 2015.
  102. Web site: Sir James Bevan presents GBE (Knight Grand Cross) to Ratan Tata – News articles . GOV.UK . 5 May 2014 . 7 October 2015 . 9 January 2016 . https://web.archive.org/web/20160109102342/https://www.gov.uk/government/world-location-news/sir-james-bevan-presents-gbe-knight-grand-cross-to-ratan-tata . live .
  103. Web site: Ratan Tata gets honorary doctorate from York University of Canada. IANS. news.biharprabha.com. 22 June 2014. 23 June 2014. https://web.archive.org/web/20140623111007/http://news.biharprabha.com/2014/06/ratan-tata-gets-honorary-doctorate-from-york-university-of-canada/. live.
  104. Web site: 2015 SC Automotive Summit & SC Auto Week Agenda . Myscma.com . 2 December 2015 . 4 March 2016 . https://web.archive.org/web/20160304024713/http://myscma.com/public_docs/2015_Automotive_Summit_Agenda.pdf . live .
  105. Web site: HEC Paris | Ratan N. Tata receives honoris causa degree from HEC Paris . Hec.edu . 2 April 2015 . 2 December 2015 . 9 January 2016 . https://web.archive.org/web/20160109102342/http://www.hec.edu/News-Room/News/Ratan-N.-Tata-receives-honoris-causa-degree-from-HEC-Paris . live .
  106. Web site: Highest French civilian distinction, Commandeur de la Légion d'Honneur conferred on Shri Ratan Tata . France in India: French Embassy in New Delhi . 18 March 2016 . 31 July 2016 . 4 August 2016 . https://web.archive.org/web/20160804123354/http://www.ambafrance-in.org/Highest-French-civilian-distinction-Commandeur-de-la-Legion-d-Honneur-conferred . live .
  107. Web site: Swansea University Set for New Partnerships in India. 3 October 2018. Business News Wales. 8 April 2020. 10 January 2022. https://web.archive.org/web/20220110210334/https://businessnewswales.com/swansea-university-set-for-new-partnerships-in-india/. live.
  108. Web site: Tata Emeritus Chairman Ratan Tata awarded Honorary Doctorate. www-2018.swansea.ac.uk. 8 April 2020. 10 January 2022. https://web.archive.org/web/20220110210319/https://www-2018.swansea.ac.uk/press-office/news-archive/2018/tataemerituschairmanratantataawardedhonorarydoctorate.php. live.
  109. Web site: industrialist ratan tata and Governor Bhagat Singh Koshyari attend convocation ceremony of HSNC University in mumbai photos |Photos: रतन टाटांनी वाढवले विद्यार्थ्यांचे मनोबल; विद्यापीठाच्या दीक्षांत समारंभात लावली हजेरी . Loksatta . 11 June 2022. 14 June 2022.
  110. Web site: Australian Gazette. 17 March 2023 .
  111. News: Came close to getting married four times: Ratan Tata . . 14 April 2011 . https://web.archive.org/web/20180830144052/https://timesofindia.indiatimes.com/business/india-business/Came-close-to-getting-married-four-times-Ratan-Tata/articleshow/7972929.cms. 30 August 2018 . live.
  112. Web site: Mega Icons Season 2 Episode 2. 12 June 2021. Disney+ Hotstar. en. 1 November 2020. https://web.archive.org/web/20201101092121/https://www.hotstar.com/in/tv/mega-icons/1260000382/ratan-tata/1260041494. live.
  113. News: 28 February 2016 . Ratan Tata invests in home rental start-up NestAway . Business Standard |agency=Press Trust of India |url=http://www.business-standard.com/article/companies/ratan-tata-invests-in-home-rental-start-up-nestaway-116022800085_1.html |url-status=live |access-date=28 February 2016 |archive-url=https://web.archive.org/web/20160229095832/http://www.business-standard.com/article/companies/ratan-tata-invests-in-home-rental-start-up-nestaway-116022800085_1.html |archive-date=29 February 2016}} Tata also launched India's companionship startup for senior citizens, Goodfellows, in a bid to encourage intergenerational friendships."[35]

    Philanthropy

    Tata is a supporter of education, medicine and rural development, and considered a leading philanthropist in India.[36] [37] [38] Tata supported University of New South Wales Faculty of Engineering to develop capacitive deionization to provide improved water for challenged areas.[39] [40]

    Tata Hall at the University of California, San Diego (UC San Diego) is a state-of-the-art research facility that was opened in November 2018. The building is named after the Tata Trusts, who donated $70 million to UC San Diego in 2016 to establish the Tata Institute for Genetics and Society (TIGS), which is housed within the building.

    Tata Hall is a 4-story building that spans over 128,000 square feet and houses research facilities for the biological and physical sciences. The building has state-of-the-art laboratories, offices, and meeting spaces that are designed to foster collaboration and innovation among researchers. It is a LEED-certified building, which means it is designed to be environmentally sustainable and energy-efficient.

    Tata Hall at UC San Diego is a research facility focused on biotechnology and houses the Tata Institute for Genetics and Society, which conducts research on genetics and disease control. It is named after the Tata Trusts, who made a $70 million gift to UC San Diego in 2016 to establish the Tata Institute for Genetics and Society. The Tata Institute for Genetics and Society at UC San Diego is a joint initiative between the Tata Trusts and UC San Diego. It aims to address some of the world's most pressing problems, such as the spread of infectious diseases and the need for sustainable food sources. The research conducted at the institute focuses on a range of topics, including gene editing, stem cell therapy, and disease control.[41]

    Tata Education and Development Trust, a philanthropic affiliate of Tata Group, endowed a $28  million Tata Scholarship Fund that will allow Cornell University to provide financial aid to undergraduate students from India. The scholarship fund will support approximately 20 scholars at any given time and will ensure that the very best Indian students have access to Cornell, regardless of their financial circumstances. The scholarship will be awarded annually; recipients will receive the scholarship for the duration of their undergraduate study at Cornell.[42]

    In 2010 Tata Group companies and Tata charities donated $50 million for the construction of an executive center at Harvard Business School (HBS).[43] The executive center has been named Tata Hall, after Ratan Tata (AMP '75), chairman emeritus of Tata Sons.[44] The total construction costs have been estimated at $100 million.[45] Tata Hall is located in the northeast corner of the HBS campus, and is devoted to the Harvard Business School's mid-career Executive Education program. It is seven stories tall, and about 155,000 gross square feet. It houses approximately 180 bedrooms, in addition to academic and multi-purpose spaces.[46]

    The Tata Innovation Center at Cornell Tech is named after Ratan Tata, and mixes academics and industry in a building on the Roosevelt Island campus. The seven-floor structure is meant primarily as a business incubator for students, faculty, and staff,[40] with 70% of the building being commercially leased and 30% devoted to academic space. Tata Consultancy Services is a tenant in the space.[47]

    Tata Consultancy Services (TCS) has given the largest ever donation by a company to Carnegie Mellon University (CMU) for a facility to research cognitive systems and autonomous vehicles. TCS donated $35 million for this grand 48,000 square-foot building that is called TCS Hall.[48]

    In 2014, Tata Group endowed the Indian Institute of Technology, Bombay and formed the Tata Center for Technology and Design (TCTD) to develop design and engineering principles suited to the needs of people and communities with limited resources. They gave ₹950 million to the institute which was the largest ever donation received in its history.[49] [50]

    Tata Trusts under the Chairmanship of Ratan Tata provided a grant of ₹750 million to the Centre for Neuroscience, Indian Institute of Science to study mechanisms underlying the cause of Alzheimer's disease and to evolve methods for its early diagnosis and treatment. This grant was to be spread over 5 years starting in 2014.[51] [52]

    Tata Group, under the leadership of Ratan Tata formed the MIT Tata Center of Technology and Design at Massachusetts Institute of Technology (MIT) with a mission to address the challenges of resource-constrained communities, with an initial focus on India.[53]

    Board memberships and affiliations

    Ratan Tata was the interim chairman of Tata Sons. He continues to head the main two Tata trusts Sir Dorabji Tata and Allied Trusts and Sir Ratan Tata Trust and their allied trusts, with a combined stake of 66% in Tata Sons, Tata group's holding company.

    He has served in various capacities in organizations in India and abroad. He is a member of Prime Minister's 'Council on Trade and Industry' and the 'National Manufacturing Competitiveness Council'. He is on the jury panel of Pritzker Architecture Prize[54]  – considered to be one of the world's premier architecture prizes.

    Over the years, Tata has served on the Cornell University Board of Trustees, personally advising the school's administration in matters of international involvement, particularly regarding projects connected to India. More broadly, Tata has served on the board's Academic Affairs, Student Life, and Development Committees. In 2013 he was named Cornell Entrepreneur of the Year.[55]

    He is a director on the boards of Alcoa Inc., Mondelez International[56] and Board of Governors of the East–West Center. He is also a member of the board of trustees of University of Southern California, Harvard Business School Board of Dean's Advisors, X Prize[57] and Cornell University. He is a member on the board of International Advisory Council at Bocconi University.[58]

    He is also a member of the Harvard Business School India Advisory Board (IAB) since 2006 and previously a member of the Harvard Business School Asia-Pacific Advisory Board (APAB) 2001–2006.

    He is on the advisory board of Hakluyt & Co, an international consultancy company.[59]

    In 2013 he was appointed to the board of trustees of the Carnegie Endowment for International Peace.[60]

    In February 2015 Ratan took an advisory role at Kalari Capital, a venture capital firm founded by Vani Kola.[61]

    In October 2016 Tata Sons removed Cyrus Mistry as its chairman, nearly 4 years after he took over the reins of the over $100 billion conglomerate, Ratan Tata made a comeback, taking over the company's interim boss for 4 months. On 12 January 2017, Natarajan Chandrasekaran was named as the chairman of Tata Sons, a role he assumed in February 2017.

    Honours and awards

    Ratan Tata received the Padma Bhushan in 2000 and Padma Vibhushan in 2008, the third and second highest civilian honours awarded by the Government of India.[62] Along with national civilian honours, Tata has also received various state civilian honours like 'Maharashtra Bhushan' in 2006 for his huge work in the public administration in Maharashtra and 'Assam Baibhav' in 2021 for his exceptional contribution towards furthering cancer care in Assam.[63]

    Other awards include:

    Year Name Awarding organisation Ref.
    2001Honorary Doctor of Business AdministrationOhio State University[64]
    2004Medal of the Oriental Republic of UruguayGovernment of Uruguay[65]
    Honorary Doctor of TechnologyAsian Institute of Technology.[66]
    2005International Distinguished Achievement AwardB'nai B'rith International[67]
    Honorary Doctor of ScienceUniversity of Warwick.[68]
    2006Honorary Doctor of ScienceIndian Institute of Technology Madras[69]
    Responsible Capitalism AwardFor Inspiration and Recognition of Science and Technology (FIRST)[70]
    2007Honorary FellowshipThe London School of Economics and Political Science[71]
    Carnegie Medal of PhilanthropyCarnegie Endowment for International Peace[72]
    2008Honorary Doctor of LawUniversity of Cambridge[73]
    Honorary Doctor of ScienceIndian Institute of Technology Bombay[74]
    Honorary Doctor of ScienceIndian Institute of Technology Kharagpur[75]
    Honorary Citizen AwardGovernment of Singapore[76] [77]
    Honorary FellowshipThe Institution of Engineering and Technology[78]
    Inspired Leadership AwardThe Performance Theatre[79]
    2009Honorary Knight Commander of the Order of the British Empire (KBE)Queen Elizabeth II[80]
    Life Time Contribution Award in Engineering for 2008Indian National Academy of Engineering[81]
    Grand Officer of the Order of Merit of the Italian RepublicGovernment of Italy[82]
    2010Honorary Doctor of LawUniversity of Cambridge[83]
    Hadrian AwardWorld Monuments Fund[84]
    Oslo Business for Peace awardBusiness for Peace Foundation[85]
    Legend in Leadership AwardYale University[86]
    Honorary Doctor of LawsPepperdine University[87]
    Business for Peace AwardBusiness for Peace Foundation[88]
    Business Leader of the YearThe Asian Awards.[89]
    2012Honorary Fellow[90] The Royal Academy of Engineering[91]
    Doctor of Business honoris causaUniversity of New South Wales[92]
    Grand Cordon of the Order of the Rising SunGovernment of Japan[93]
    Lifetime Achievement AwardRockefeller Foundation[94]
    2013Foreign AssociateNational Academy of Engineering[95]
    Transformational Leader of the DecadeIndian Affairs India Leadership Conclave 2013[96]
    Ernst and Young Entrepreneur of the Year – Lifetime AchievementErnst & Young[97]
    Honorary Doctor of Business PracticeCarnegie Mellon University[98]
    2014Honorary Doctor of BusinessSingapore Management University[99]
    Sayaji Ratna AwardBaroda Management Association[100]
    Honorary Knight Grand Cross of the Order of the British Empire (GBE)Queen Elizabeth II[101] [102]
    Honorary Doctor of LawsYork University, Canada[103]
    2015Honorary Doctor of Automotive EngineeringClemson University[104]
    Sayaji Ratna AwardBaroda Management Association, Honoris Causa, HEC Paris[105]
    2016Commander of the Legion of HonourGovernment of France[106]
    2018Honorary DoctorateSwansea University[107] [108]
    2022Honorary Doctorate of LiteratureHSNC University[109]
    2023Honorary Officer of the Order of Australia (AO)King Charles III[110]
    2023Maharashtra Udyog RatnaGovernment of Maharashtra

    Personal life

    Tata has never married and has no children. In 2011, Ratan Tata stated, "I came close to getting married four times and each time I backed off in fear or for one reason or another."[111]

    In popular culture

    Mega Icons (2018–2020), an Indian documentary television series on National Geographic about prominent Indian personalities, dedicated an episode to Ratan Tata's contributions.[112]

    Bibliography

    External links

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