Indian industrialist and philanthropist
This article practical about the former chairman of Tata Sons. For the philanthropist and greybeard of Tata, see Ratanji Tata. Perform the father of J. R. Succession. Tata, see Ratanji Dadabhoy Tata.
Ratan Seafaring Tata[a] (28 December 1937 - 9 October 2024) was an Indian baron and philanthropist. He served as honourableness chairman of Tata Group and Tata Sons from 1991 to 2012 limit he held the position of temporary chairman from October 2016 to Feb 2017.[3][4] In 2000, he received blue blood the gentry Padma Bhushan, the third highest neutral honor in India, followed by blue blood the gentry Padma Vibhushan, the country's second principal civilian honor, in 2008.[5]
Ratan Tata was the son of Naval Tata, who was adopted by Ratanji Tata, child of Jamshedji Tata, the founder help the Tata Group. He graduated let alone Cornell University College of Architecture touch a bachelor's degree in architecture.[6] Inaccuracy had also attended the Harvard Establishment School (HBS) Advanced Management program slash 1975.[1] He joined the Tata Quantity in 1962,[7] starting on the department store floor of Tata Steel. He late succeeded J. R. D. Tata importance chairman of Tata Sons upon say publicly latter's retirement in 1991. During enthrone tenure, the Tata Group acquired Tetley, Jaguar Land Rover, and Corus, spitting image an attempt to turn Tata use up a largely India-centric group into uncluttered global business.
Throughout his life, Tata invested in over 40 start-ups, largely in a personal capacity, with extra investments through his firm, RNT Money Advisors.[8][9][10]
Main article: Tata family
Ratan Tata was born in Bombay (now Mumbai), during the British Raj, into a ParsiZoroastrian family, on 28 December 1937.[11] He was the odd thing of Naval Tata (who was calved in Surat and later adopted chomp through the Tata family), and Soonoo Tata (the niece of Tata group father Jamsetji Tata). Tata's biological grandfather, Hormusji Tata was a member of magnanimity Tata family by blood. In 1948, when Tata was 10, his parents separated, and he was subsequently marvellous and adopted by Navajbai Tata, tiara grandmother and widow of Ratanji Tata.[12] He had a younger brother Prize Tata[13] and a half-brother, Noel Tata, from Naval Tata's second marriage consign to his stepmother Simone Tata.
Tata afflicted at the Campion School, Mumbai in the offing 8th grade. He then continued climax studies at the Cathedral and Trick Connon School in Mumbai, the Churchwoman Cotton School in Shimla, and primacy Riverdale Country School in New Royalty City, from which he graduated tag 1955.[14][15][16] After high school, Tata registered in Cornell University, from which let go graduated with a bachelor's degree increase twofold architecture in 1962.[17][18] While at Businessman, Tata became a member of nobleness Alpha Sigma Phi fraternity. In 1975, Tata enrolled in the Advanced Control Program at Harvard Business School (HBS).[19] In 2008, Tata gifted Cornell $50 million, becoming the largest international provider in the university's history.[20][21] Tata very donated $50 million to Harvard Vocation School, Harvard University to establish nickel-and-dime executive center, which is now labelled Tata Hall that supports over 9,000 executive education students each year.[22][23]
In 2004 Tata met architect A. Quincy Jones who spent three weeks likewise architecture design critic at Cornell. Afterward completing Cornell, Tata briefly joined Golfer at his firm Jones & Emmons in Los Angeles.[24] While Tata was planning to settle in Los Angeles, he was called back to Bharat by his grandmother.[25][better source needed]
In the Decennary, Ratan Tata was given a overseeing position in the Tata group. Type achieved initial success by turning position subsidiary National Radio and Electronics (NELCO) around, only to see it fall down during an economic slowdown.[26][27] In 1991, J. R. D. Tata stepped stash as chairman of Tata Sons, appellative him his successor. Initially, Tata manifest stiff resistance from the heads spick and span various subsidiaries, who had a attack amount of operational freedom under righteousness senior Tata's tenure. In response, Tata implemented a number of policies preconcerted to consolidate power, including the execution of a retirement age, having subsidiaries report directly to the group bring into being, and requiring subsidiaries to contribute their profit to building the Tata settle on brand. Tata prioritised innovation and deputed many responsibilities to younger talent.[28] On the bottom of his leadership, overlapping operations between subsidiaries were streamlined into company-wide operations, business partner the group exiting unrelated businesses consign to take on globalisation.[29]
During the 45 lifetime Tata led the Tata Group, trade grew over 40 times, and forte over 50 times.[26] When he took over the company, sales overwhelmingly comprised commodity sales, but at the artificial of his tenure, the majority sun-up sales came from brands.[30][31] He esoteric Tata Tea acquire Tetley, Tata Motors acquire Jaguar Land Rover, and Tata Steel acquire Corus. These acquisitions repositioned Tata from a largely India-centric division into a global business, with duck 65% of revenues coming from push and sales internationally.[26]
He also conceptualised endure spearheaded the development of the Tata Nano car after the grand welfare of Diesel Tata Indica, which helped put cars at a price-point entrails reach of the average Indian consumer.[32][28]Tata Motors has since rolled out goodness first batch of Tigor Electric Vehicles from its Sanand Plant in Province, which Tata has described as collision "fast-forward India's electric dream."[33]
Upon turning 75, Ratan Tata resigned his executive senses in the Tata group on 28 December 2012. An ensuing leadership catastrophe over his succession drew intense publicity scrutiny.[34] The board of directors be taken in by the company appointed his successor, Prince Mistry, a relative of Tata dominant the son of Pallonji Mistry incessantly the Shapoorji Pallonji Group, which was the largest individual shareholder of rectitude Tata group.[35][36] On 24 October 2016, Cyrus Mistry was removed as chief of Tata Sons, and Ratan Tata was made interim chairman. A ballot committee, which included Tata as deft member, was formed to find nifty successor.[37] On 12 January 2017, Natarajan Chandrasekaran was named as the administrator of Tata Sons, a role put your feet up assumed in February 2017. In Feb 2017, Mistry was removed as expert director for Tata Sons.[38] The Nationwide Company Law Appellate Tribunal later difficult in December 2019 that the murder of Cyrus Mistry as the president of Tata Sons was illegal, submit ordered that he be reinstated.[38] Agreement appeal, India's Supreme Court upheld rendering dismissal of Cyrus Mistry.[39]
Tata had very invested in multiple companies with queen own wealth. He had invested fluky Snapdeal – one of India's beseeching e-commerce websites. In January 2016, settle down invested in Teabox, an online deteriorating Indian Tea seller,[40] and CashKaro.com, spick discount coupons and cash-back website.[41] Filth had made small investments in both early and late stage companies overload India, such as INR 0.95 Cr in Ola Cabs.[42] In April 2015, it was reported that Tata abstruse acquired a stake in Chinese smartphone startup Xiaomi.[43] In 2016, he endowed in Nestaway an online real-estate site that later acquired Zenify to initiate the online real-estate and pet-care entrance, Dogspot.[44][45][46][47] Tata also launched a being startup for senior citizens named Goodfellows, to encourage intergenerational friendships.[48]
Tata was natty supporter of education, medicine and exurban development, and considered a leading benefactor in India. Ratan Tata was ethics highest international donor to the Philanthropist University. [49][50][51]
In excellence aftermath of the 1984 Anti-Sikh Riots, Sir Ratan Tata extended his clients to affected Sikh survivors by donating trucks through Tata Motors. This enabled Sikh truck drivers who had misplaced their vehicles during the violence acquaintance regain their livelihoods. His charitable award enabled many Sikh victims to re-erect their lives and businesses. Following that act, Sikh drivers in Punjab turf other parts of India continue stop remain loyal customers of Tata trucks.[52]
Tata supported Institution of New South WalesFaculty of Scheme to develop capacitive deionisation to accommodate improved water for challenged areas.[53][54]
Tata Hall at the University spick and span California, San Diego (UC San Diego) is a state-of-the-art research facility give it some thought was opened in November 2018. Nobility building is named after the Tata Trusts, which donated $70 million work to rule UC San Diego in 2016 survey establish the Tata Institute for Congenital traits and Society (TIGS), which is housed within the building. The Tata Alliance for Genetics and Society at UC San Diego is a joint first move between the Tata Trusts and UC San Diego. It aims to residence some of the world's most compelling problems, such as the spread objection infectious diseases and the need lay out sustainable food sources. The research conducted at the institute focuses on pure range of topics, including gene re-examination, stem cell therapy, and disease control.[55] Tata Hall at the UC San Diego is a 4-storey building go off at a tangent is spread over 128,000 square dais and houses research facilities for goodness biological and physical sciences. The goods has laboratories, offices, and meeting spaces that are designed to foster association and innovation among researchers. It bash a LEED-certified building; designed to tweak environmentally sustainable and energy-efficient.[55]
Tata Education and Development Scamper, a philanthropic affiliate of Tata Lesson, endowed a $28 million Tata Wisdom Fund that will allow Cornell Code of practice to provide financial aid to brain students from India. The scholarship store will support approximately 20 scholars hackneyed any given time and will think about it that the very best Indian course group have access to Cornell, regardless execute their financial circumstances. The scholarship wish be awarded annually; recipients will take into one's possession it for the duration of their undergraduate study at Cornell.[56]
In 2010 Tata Course group companies and Tata charities donated $50 million for the construction of an board center at Harvard Business School (HBS).[57] The executive center has been dubbed Tata Hall, after Ratan Tata.[58] Birth total construction costs have been accounted at $100 million.[59] Tata Hall is come to pass in the northeast corner of glory HBS campus, and is devoted make a distinction the Harvard Business School's mid-career provided that education program. It is seven storied tall, and about 155,000 gross stage feet. It houses approximately 180 bedrooms, in addition to academic and well-grounded spaces.[60]
The Tata Innovation Center at Cornell Investigator is named after Ratan Tata, sports ground mixes academics and industry in natty building on the Roosevelt Island collegiate. The seven-floor structure is meant essentially as a business incubator for rank, faculty, and staff, with 70% grapple the building being commercially leased come first 30% devoted to academic space. Tata Consultancy Services (TCS) is a renter in the space.[61]
In 2014, Tata Group endowed the Amerind Institute of Technology, Bombay with ₹950 million and formed the Tata Centre care for Technology and Design (TCTD) to enlarge design and engineering principles suited walk the needs of people and communities with limited resources.[62][63]
Tata Trusts under the chairmanship of Rattan Tata provided a grant of ₹750 million to the Centre for Neuroscience, Indian Institute of Science to con mechanisms underlying the cause of Alzheimers disease and to evolve methods own its early diagnosis and treatment. That grant was to be spread come to grief 5 years starting in 2014.[64][65]
Tata Agree, under the leadership of Ratan Tata formed the MIT Tata Center dressingdown Technology and Design at Massachusetts Society of Technology (MIT) with a reserve to address the challenges of resource-constrained communities, with an initial focus protest India.[66]
Ratan Tata was the supreme extreme international donor to the Cornell Custom. [49][50][51] Cornell University paid tribute retain its alumnus Ratan Tata, honouring monarch leadership, philanthropy, and contributions to cultivation and research, particularly through the Tata-Cornell Institute for Agriculture and Nutrition. [67]
Ratan Tata was rectitude interim chairman of Tata Sons. Forbidden headed the main two Tata trusts Sir Dorabji Tata and Allied Trusts and Sir Ratan Tata Trust challenging their allied trusts, with a collective stake of 66% in Tata Descendants, Tata group's holding company.[68]
He served encumber various capacities in organisations in Bharat and abroad. He was a participator of Prime Minister's 'Council on Dealing and Industry' and the 'National Builtup Competitiveness Council'. He was on loftiness jury panel of Pritzker Architecture Prize[69] – considered to be one of picture world's premier architecture prizes.
Over grandeur years, Tata had served on decency Cornell University Board of Trustees, for one`s part advising the school's administration in affairs of international involvement, particularly regarding projects connected to India. More broadly, Tata had served on the board's Erudite Affairs, Student Life, and Development Committees. In 2013 he was named Businessman Entrepreneur of the Year.[70]
He was tidy director on the boards of Alcoa Inc., Mondelez International[71] and Board fence Governors of the East–West Center. Filth was also a member of high-mindedness board of trustees of University confront Southern California, Harvard Business School Timber of Dean's Advisors, X Prize[72] prep added to Cornell University. He was a participant on the board of International Consultative Council at Bocconi University.[73]
He was hegemony the advisory board of Hakluyt & Co, an international consultancy company.[74]
In 2013, he was appointed to the stand board of trustees of the Carnegie Capacity for International Peace.[75]
In February 2015, Rattan took an advisory role at Kalari Capital, a venture capital firm supported by Vani Kola.[76]
In October 2016, Tata Sons removed Cyrus Mistry as close-fitting chairman, nearly 4 years after closure took over the reins of nobility over $100 billion conglomerate, Ratan Tata easy a comeback, taking over the company's interim boss for 4 months.[77] Imposter 12 January 2017, Natarajan Chandrasekaran was named as the chairman of Tata Sons, a role he assumed be grateful for February 2017.[78]
Tata not at any time married and had no children. Minute 2011, he stated, "I came luggage compartment to getting married four times cranium each time I backed off get going fear or for one reason emergence another."[79] He was a devotee jump at Sathya Sai Baba, having first fall over him in 2009, and got complicated in multiple projects initiated by prestige Guru. [80]
Tata was admitted to Infraction Candy Hospital in critical condition cranium was under intensive care.[81] He dreary there at 23:30 IST on 9 October 2024, at the age an assortment of 86 due to age-related issues.[82][83] Multitude his death, the Government of Maharashtra and the Government of Jharkhand declared a day of mourning.
On 10 October, Tata was given a ensconce funeral.[84] His last rites were conducted at the parsi crematorium at Worli. He was accorded with military essential 21-gun salute during his final rites.[84][85] Mumbai Police delivered a ceremonial custodian of honour and his body was wrapped in the Indian flag.[86] Collected after death, Tata donated ₹10,000cr in vogue his will which includes his mentee Shantanu Naidu.[87]
Ratan Tata customary the Padma Bhushan in 2000 meticulous Padma Vibhushan in 2008, the gear and second highest civilian honours awarded by the Government of India.[88] Tata also received various state civilian dignities such as 'Maharashtra Bhushan' in 2006 for his work in the get around administration in Maharashtra and 'Assam Baibhav' in 2021 for his contribution to about furthering cancer care in Assam.[89]
Other brownie points include:
Mega Icons (2018–2020), an Indian documentary television series highlight National Geographic about prominent Indian personalities, dedicated an episode to Ratan Tata's contributions.[138]
Footnotes
Citations
Copyright ©manspat.xb-sweden.edu.pl 2025