Today I share with you one of the most popular Indian Businessmen Ratan Tata Wiki and Life Journey. He is a great Indian businessman Padma Bhushan, Padma Vibhushan.
For the benefit of the people of his country and country, he has increased the “Tata Group“, handling the values-values alive. In today’s article, we will try to get the life of Ratan Tata closer. Ratan Tata is also Motivation for Every entrepreneur and many peoples are follow Ratan Tata Quotes.
Early Life and Study
Ratan Tata was born on December 28, 1937, in Bombay, today in Mumbai, in a Parsi family. His father’s name was Naval Tata and mother’s name was Sonu Tata.
Ratan Tata has done his own study from John Cannon School from Mumbai and Bishop Cotton School Shimla.
When Ratan Tata was 10 years old in 1948, his parents became divorce, due to which his grandmother took Ratan Tata. She went to the Cornell University of America for further studies of being an architect.
Ratan Tata did not believe in the false gloss of society. Forgetting his own Tata name, Ratan Tata has done a lot of hard work by applying the utensil in the hotel till the completion of his education in the US till Karakul.
In 1959, he graduated in the Bachelor in Architect.
Ratan Tata Business Journey or Professional Life
From 1961, he started his career with working on Tata Steel’s shop floor in Tata Group. According to Tata’s tradition, till 1970, he worked in Tata Group’s different companies. In 1970 he was promoted in management.
In 1971, Ratan Tata was given the responsibility of Tata Group’s TV and radio maker and running the deficit. Next 3 years, Ratan Tata raised this company and increased Nelco’s market share from 2% to 20%. But the Nelco Company had to shut down due to the emergency and subsequent economic downturn in the country. This Ratan was the first big expanse in Tata’s life.
In 1975, Ratan Tata earned a management degree from Harvard University
In 1977, Ratan Tata was awarded the Tata Group’s ‘Express Mills’ company, Bagdaur, which was on the verge of closure. Ratan Tata offered to invest Rs 50 lakh in the company to manage the company again, but management rejected this proposal. The company also closed soon. This was the second big expanse in Ratan Tata’s life. But Ratan Tata learned something from this.
In 1981, Ratan Tata was made the Chairman of Tata Industries.
In 1991, JRD Tata created Ratan Tata as the Chairman of the Tata Group, after which the Tata Group began to grow rapidly.
Ratan Tata Automobile Industries
Tata had already made commercial and passenger vehicles, but to complete the dream of a common Indian car, Ratan Tata launched the luxury car “Indica” in India completely on December 30, 1998.
Ratan Tata had this dream project and he worked hard to fulfill it. But auto analysts critically critiqued this car, which resulted in the sale of Tata Indica. Tata Indica did not get a good response in the market and within a year, Tata Indica got a flop, which caused huge losses to Tata Motors.
After which Ratan Tata had to face all the allotments regarding his decision. Then some close friends and partners suggested Ratan Tata sell its car business to another company to compensate for the cause of Tata Indica.
As Ratan Tata himself had a plan to launch the car and had suffered losses, then Ratan Tata thought this suggestion was correct. They took a proposal to sell their car company with partners to Ford Company.
Ratan Tata and his partners’ meeting with Ford Company lasted about three hours. Ford Company Chairman Bill Ford’s attitude with Ratan Tata was flat. In the talk, Bill Ford told Ratan Tata, “If you did not want to build a car, why did you put so much money in this business? We are doing this by buying this company.”
Ratan Tata got it on the heart He left the deal with his partner overnight and went back. He was feeling humiliated thinking about the whole path he had met in the meeting. They now had to answer Bill Ford for his success.
Going back, Ratan Tata put his full attention on Tata Motors, researched for years and started his whole life, introducing Tata Indica’s new version ‘Indica V2’. In a few years after the initial setbacks, Ratan Tata’s car business began to grow in a very good rhythm and proved to be a very profitable business.
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On the other hand, Ford Company was facing a deficit due to its Jaguar and Land Rover and came to the brink of bankruptcy in 2008.
At that time Ratan Tata proposed to buy his luxury car Jaguar and Land Rover in front of the company, which Bill Joyce gladly accepted.
Bill Ford reached the Tata Group’s headquarters in the same way with his partners, as ever Ratan Tata went to their headquarters to meet Bill Ford. Ratan Tata bought the Jaguar and Land Rover brand from Ford Company for $ 2.3 billion.
Even this time, Bill Ford reiterated the same thing he had told Ratan Tata in the last meeting, just this time the talk was somewhat positive.
Bill Ford told Ratan Tata, “You are doing a great favor by purchasing our company.”
Today Jaguar and Land Rover are part of the Tata Group and the market is moving forward with better profits.
If Ratan Tata wanted, Bill Ford could have answered in the same meeting, but Ratan Tata was not drunk in his success. This is the song that shows the difference between a successful and great person.
Like Jaguar and Land Rover, Ratan Tata has bought several companies.
Ratan Tata’s Purchase other Companies
In 2000, Tata bought the Tea Bags inventor company “Tetley” of Canada and became the world’s largest tea bag maker. Any Indian company, taking over the foreign company, was the biggest deal.
In 2004 South Korea’s “Daewoo Commercial Vehicles” was purchased by Ratan Tata, later named “Tata Daewoo Commercial Vehicle”.
In 2007, Tata purchased London’s “Chorus Group”, which was the steel company, which was later named “Tata Steel Europe”.
New Startup Tata Nano
In 2008, Ratan Tata made the car “Tata Nano” found in the Rs 1 lakh to complete the dream of the middle-class people who were traveling on scooters. Initially, the car got a good response, but later a chipped car became such an image that “Tata Nano” flopped.
Knowing the power of the Internet, Ratan Tata has invested in many online portals such as Ola Cabs, PayTm, Xiaomi, Snapdeal, Zivame, CashKaro, First Cry, Lens Cart, CarDekho, KyaZoonga, BlueStone, UrbonLadder, etc.
Ratan Tata Retirement
On December 28, 2012, in the 75-year age, Ratan Tata resigned from the post of Chairman of “Tata Group” and made Cyrus Mistry Chairman.
Later, Ratan Tata removed Cyrus Mistry from the post of Chairman, for which he was accused of being a dictator who was wrong.
Ratan Tata remained a lifetime quiver they have an attachment to books and animals and they live in a flat in with their 2 dogs.
Like the tradition of Tata Group, Ratan Tata has increased the company’s revenues by 40 times and 50 times the profits in 21 years of career, while raising policies and values.
Today, there are more than 100 companies in the Tata Group that operate in 150 countries and more than 7 lakh plus employees work. For the country’s responsibility and love, the Tata Group donates 66% of its profits to the country.
Ratan Tata has been honored with many awards, but in the year 2000, Padmabhushan and Padma Vibhushan in the year 2008, India’s second-largest award, Ratan Tata was felicitated.
15 Facts about Ratan Tata
- Ratan Tata was born on 28 December 1937 in Surat city in a very rich house.
- Ratan Tata is Parsi.
- Tata Group comes in more than 100 companies. Everything from Tata Dipping to Airplane.
- When Ratan Tata was only 10 years old, his parents left him and separated. Then his grandmother adopted and raised them.
- Ratan Tata completed his early studies from Cathedral and John Connon School (Mumbai) and Bishop Cotton School (Shimla), and then went on to complete B.S’s studies at Cornell University in 1962. He then studied Advanced Management Program from Harvard Business School in 1975.
- Ratan Tata loves to fly the ship.
- Ratan Tata loves his staff very much. Working in Tata is like a government job. Ratan Tata also invests in Startup like Ola, Paytm, etc.
- After leaving IBM’s job in 1961, Ratan Tata, who started his career in the Tata Group with the Tata steel employee, became chairman of the Tata Group by the year 1991.
- They took retirement in 2012.
- In his 21-year rule, Ratan Tata increased the value of the company 50 times.
- In 2000, he was awarded the Padma Bhushan and Padma Vibhushan in 2008.
- Tata had treated all the people who were injured in the terrorist attack on 26/11 Mumbai’s Taj Hotel. The hotel was undoubtedly closed for a few days but the staff was given a full salary.
- Ratan Tata bought the Bill Ford’s Jaguar Landrover for Rs. 9600 crores in 2009.
- Despite having four times love, Ratan Tata never got married.
- Except for Jamsetji Tata, Founder of Tata Company, there was no heir of any of the first 5 Chairman.
Ratan Tata also Supports Pullama Attack’s Every Indian Solider Family.
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