Ratan Tata

Current Context : Ratan Tata, the chairman emeritus of Tata Sons and a visionary leader of Indian industry, passed away on October 9, 2024, at the age of 86, in Mumbai’s Breach Candy Hospital.

ABOUT RATAN TATA :

• Birth: Born on December 28, 1937, in Mumbai, India, into a prominent Parsi family with deep ties to the Tata Group.
• Family: His father, Naval Tata, was adopted into the Tata family. Ratan’s parents separated when he was 10, and he was raised by his grandmother, Navajbai Tata.

KEY CONTRIBUTIONS:

Leadership of Tata Group:

• Global Expansion: As chairman of Tata Sons from 1991 to 2012, Ratan Tata led significant acquisitions, including Tetley Tea(2000), Corus Steel (2007), and Jaguar Land Rover (2008), enhancing Tata Group’s global presence and revenue.
• Indigenous Innovations: He oversaw the launch of the Tata Indica, India’s first homegrown car, and the Tata Nano, aimed at providing affordable transportation.
• Employment Generation: The Tata Group employs over 800,000 people, contributing significantly to job creation and industrial growth in India.
• Tata Trusts : Ratan Tata directed significant funds toward education, healthcare, and rural development through Tata Trusts, which hold a majority stake in Tata Sons.

AWARDS AND HONORS

• Tata was awarded the Padma Bhushan in 2000 and Padma Vibhushan in 2008, India’s second-highest civilian honor.
• He was also recognized internationally, being appointed Knight Grand Cross of the Most Excellent Order of the British Empire.​​