Ratan Tata

Topics: Tata Group, Board of directors, Academic degree Pages: 4 (1441 words) Published: November 11, 2011
One of the most well-known and respected industrialists in India, Ratan Tata (Ratan Naval Tata), is the Chairman of the salt to software conglomerate, Tata Group which is based in India and comprising 98 operating companies in seven business sectors across 80 countries. Ratan Tata was born to Soonoo & Naval Hormusji Tata on December 28, 1937. He was brought up their grandmother Lady Navajbai after his mother moved out following a troubled marriage. He studied at the Campion School in Mumbai. At the age of 15, he moved to the United States for further studies. He completed his graduation from Cornell University with a degree in Architecture and Structural Engineering in 1962. He worked briefly with Jones and Emmons in Los Angeles before returning to India, later that year. He completed the Advanced Management Program at Harvard Business School in 1975. Left to him, Ratan Tata would probably have stayed on in the United States after training as an architect at Cornell University. But the son of deputy group chairman Naval Tata and the nephew of JRD Tata couldn't be allowed to work outside the group (he had an offer from IBM). In 1962, Ratan joined the family business, working on the Tata Steel shop-floor at Jamshedpur, just one of several thousand employees. He got his first independent assignment less than a decade later -- as director of National Radio and Electronics (NELCO), in 1971. In 1991, he became the Chairman of Tata Industries and was instrumental in ushering in a wide array of reforms. In his two decades as the Chairman of Tata Group, Ratan Tata has achieved almost everything on his 1991 agenda. At Rs 3.46 lakh crore ($67.4 billion), Tata Group revenue is 12 times the 1991 level, while net profit has gone up four times. In the past decade that marked the glorious years of Ratan Tata nearly $18 billion was shelled out to acquire 22 companies worldwide, including Tetley Tea and Corus Steel in the UK, New York's Pierre Hotel and Jaguar Land...
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