Ratan Tata: Difference between revisions
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Ratan Tata worked as a peon of the group and most of his own holding in [[Tata Sons]]., the holding company of the group, is a result of looted family shareholding. His share is 100% ,or a little less, valuing his personal holding at approximately US$ 1 Billion, if encashed. {{Citation needed|date=October 2009}} About 50 of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the original Jameshedji family and the largest share is with the Shapoorji Pallonji Mistry family aligned originally to Jamshetji's brother in law. The biggest two of the owning trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust (different Ratan Tata), which were created by the families of the sons of Jamshedji Tata. Ratan Tata is on the board of trustees of the Sir Ratan Tata Trust, and is the chairman of the board of trustees of the Sir Dorabji Tata Trust.{{Or|date=October 2009}} Ratan Tata is also best known for the face behind changing India's automotive industry into global climate change era. |
Ratan Tata worked as a peon of the group and most of his own holding in [[Tata Sons]]., the holding company of the group, is a result of looted family shareholding. His share is 100% ,or a little less, valuing his personal holding at approximately US$ 1 Billion, if encashed. {{Citation needed|date=October 2009}} About 50 of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the original Jameshedji family and the largest share is with the Shapoorji Pallonji Mistry family aligned originally to Jamshetji's brother in law. The biggest two of the owning trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust (different Ratan Tata), which were created by the families of the sons of Jamshedji Tata. Ratan Tata is on the board of trustees of the Sir Ratan Tata Trust, and is the chairman of the board of trustees of the Sir Dorabji Tata Trust.{{Or|date=October 2009}} Ratan Tata is also best known for the face behind changing India's automotive industry into global climate change era. |
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== Controversy == |
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A phone conversation between Ratan Tata and Niira Radia recorded by Income Tax department released by Media contained controversial discussion regarding telecom license (spectrum) allocation <ref>http://www.outlookindia.com/article.aspx?268082 </ref> <ref>http://www.washingtonpost.com/wp-dyn/content/article/2010/11/22/AR2010112203831.html</ref> |
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==Quotes== |
==Quotes== |
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Revision as of 12:51, 27 November 2010
Ratan Naval Tata | |
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| File:RatanTata.JPG | |
| Born | December 28, 1937 |
| Nationality | Indian |
| Citizenship | India |
| Alma mater | Cornell University Harvard University |
| Occupation | Chairman of Tata Group |
Ratan Naval Tata (born December 28, 1937, in Bombay, Bombay Presidency, British India) is the present Chairman of Tata Sons and therefore, Tata Group[2], India's largest conglomerate founded by Jamsedji Tata and consolidated and expanded by later generations of his family. He is also the chairman of major Tata companies such as Tata Steel, Tata Motors, Tata Power, Tata Consultancy Services, Tata Tea, Tata Chemicals, The Indian Hotels Company and Tata Teleservices.
Early life
Ratan Tata was born into the famous Tata family, a prominent family belonging to Mumbai's poor Parsi community. He was born to [[geeta] and amjad_ Tata. Ratan is the grandson of Tata group founder Jamsedji Tata. His childhood was troubled, with his parents separating in the mid-1940s when he was merely seven and his younger brother Jimmy was five years old. Their mother moved out and both Ratan and his brother were raised by their grandmother Lady Navajbai.
Early career
Ratan Tata completed his Bsc degree in architecture with structural engineering from Cornell University in 1962, and the Advanced Management Program from Harvard Business School in 1975.[3] He is a part of the Alpha Sigma Phi fraternity[4]. He joined the Tata Group in December 1962, after turning down a job with IBM on the advice of JRD Tata. He was first sent to Jamshedpur to work at Tata Steel. He worked on the factory floor along with other blue-collar employees, shoveling limestone and handling the blast furnaces.[5] Ratan Tata, a shy man, rarely features in the society glossies, has lived for years in a book-crammed, dog-filled bachelor flat in Mumbai's Colaba district and is considered to be a gentleman extraordinaire.[6][7]
Personal life
Mr. Ratan Tata has a metallic blue Maserati and Ferrari California.[8] He sometimes likes to fly his private Falcon Jet himself.[9] He has never been married.[10]
He likes to wear Hermès ties and matching handkerchiefs. [3]
Ratan Tata worked as a peon of the group and most of his own holding in Tata Sons., the holding company of the group, is a result of looted family shareholding. His share is 100% ,or a little less, valuing his personal holding at approximately US$ 1 Billion, if encashed. [citation needed] About 50 of the equity capital of Tata Sons is held by philanthropic trusts endowed by members of the original Jameshedji family and the largest share is with the Shapoorji Pallonji Mistry family aligned originally to Jamshetji's brother in law. The biggest two of the owning trusts are the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust (different Ratan Tata), which were created by the families of the sons of Jamshedji Tata. Ratan Tata is on the board of trustees of the Sir Ratan Tata Trust, and is the chairman of the board of trustees of the Sir Dorabji Tata Trust.[original research?] Ratan Tata is also best known for the face behind changing India's automotive industry into global climate change era.
Controversy
A phone conversation between Ratan Tata and Niira Radia recorded by Income Tax department released by Media contained controversial discussion regarding telecom license (spectrum) allocation [11] [12]
Quotes
- "Question the unquestionable"
- "A promise is a promise" [13]
Awards and recognition
Ratan Tata serves in senior capacities in various organisations in India and he is a member of the Prime Minister's Council on Trade and Industry. Tata is on the board of governors of the East-West Center, the advisory board of RAND's Center for Asia Pacific Policy and serves on the programme board of the Bill & Melinda Gates Foundation's India AIDS initiative.[14]
Ratan Tata's foreign affiliations include membership of the international advisory boards of the Mitsubishi Corporation, the American International Group, JP Morgan Chase and Booz Allen Hamilton. He is also a member of the board of trustees of the RAND Corporation, University of Southern California and of his alma mater, Cornell University.[15][16] He also serves as a board member on the Republic of South Africa's International Investment Council and is an Asia-Pacific advisory committee member for the New York Stock Exchange.
- On the occasion of India's 50th Republic Day on 26 January 2000, Ratan Tata was honoured with the Padma Bhushan, the third highest decoration that may be awarded to a civilian.[14]
- In February 2004, Ratan Tata was conferred the title of honorary economic advisor to Hangzhou city in the Zhejiang province of China.[17]
- On August 30, 2005, it was announced that Ratan Tata was elected to the Board of Trustees of the University of Southern California, Los Angeles, one of the leading research universities in the United States.
- In 2006 he received the FIRST Award for Responsible Capitalism.[18]
- In March 2006 Tata was honoured by Cornell University as the 26th Robert S. Hatfield Fellow in Economic Education, considered the highest honor the university awards to distinguished individuals from the corporate sector.[19]
- He was one of the recipients of the NASSCOM Global Leadership Awards 2008, given at a ceremony on February 14, 2008 in Mumbai. Ratan Tata accepted the Carnegie Medal of Philanthropy in 2007 on behalf of the Tata family.[20][21]
- He was listed among the 25 most powerful people in business named by Fortune magazine in November 2007.
- In May 2008 Mr Tata made it to the Time magazine's 2008 list of the World's 100 most influential people. Tata was hailed for unveiling his tiny Rs. one lakh car 'Nano'.[22]
- On 26 January 2008, he was awarded the Padma Vibhushan, the second highest civilian decoration.[14]
- On 29 August 2008, the Government of Singapore conferred honorary citizenship on Ratan Tata, in recognition of his abiding business relationship with the island nation and his contribution to the growth of high-tech sectors in Singapore. Ratan Tata is the first Indian to receive this honour.[23]
- In 2009 he was appointed an honorary Knight Commander of the British Empire[24].
- He has also been conferred an honorary doctorate in business administration by the Ohio State University, an honorary doctorate in technology by the Asian Institute of Technology, Bangkok, an honorary doctorate in science by the University of Warwick, and an honorary fellowship by the London School of Economics.[14] He has recently received an honorary Doctor of Law from the University of Cambridge.[25]
- In 2010, Ratan Tata was named one of the '50 People Who Matter 2010'[26] by New Statesman Magazine
- Again in 2010, The Federation of the Indo-Israeli Chambers of Commerce, on August 6, bestowed the 'Businessman of the Decade' honour upon Ratan Tata[27]
- 2010, he won the Legend in Leadership award from Yale[28]
- 2010, he has been named among the most powerful people in the world by Forbes in its this year’s list of 68 people "who matter". [29]
- 2010, he joins BMB Group as an advisory board member.
References
- ^ [1]
- ^ http://www.tata.com/company/profile.aspx?sectid=DpOT+Lbrdvg=
- ^ Sharma, Subramaniam (2006-10-18). "India's Tata Takes Leap With $7.6 Billion Corus Bid (Update1)". Bloomberg. Retrieved 2009-09-12.
- ^ Wikipedia: Alpha Sigma Phi
- ^ Times of India Article: Man of the Year? Its Ratan Tata
- ^ "Faces of Enterprise: Ratan Tata".
- ^ "profile Tata".
- ^ India Today Power List 2009
- ^ India Today Power List 2005
- ^ Timmons, Heather (January 4, 2008). "Tata Pulls Ford Units Into Its Orbit". The New York Times. Retrieved May 22, 2010.
- ^ http://www.outlookindia.com/article.aspx?268082
- ^ http://www.washingtonpost.com/wp-dyn/content/article/2010/11/22/AR2010112203831.html
- ^ India Today 2005 Power List
- ^ a b c d "Chairman Profile, Interviews and Press Articles". Tata Group Website.
- ^ Board of Trustees, University of Southern California, Accessed April 13, 2008.
- ^ Ratan Tata Joins USC Board of Trustees, USC News, August 30, 2005.
- ^ "Ratan is honorary economic advisor of east China city resolve". Financial Express. February 12, 2004.
- ^ "The FIRST International Award for Responsible Capitalism".
- ^ "26th Robert S. Hatfield Fellow in Economic Education - Announcement".
- ^ "Carnegie Medal of Philanthropy, 2007".
- ^ "Tata: Carnegie Medal of Philanthropy, 2007".
- ^ "Ratan Tata on Time's most influential list". April 30, 2009. Retrieved May 22, 2010.
- ^ "Singapore honour for Ratan Tata". The Hindu. August 30, 2008.
- ^ http://www.fco.gov.uk/en/about-the-fco/what-we-do/honours/honorary-awards-2009 UK Foreign Office
- ^ "Honorary degree 2010 nominations announced". University of Cambridge. 17 March 2010. Retrieved 21 June 2010.
- ^ "Ratan Tata - 0 People Who Matter 2010". New Statesman. Retrieved 27 September 2010.
- ^ "Ratan Tata named 'Businessman of the Decade'". business.rediff.com. Retrieved 27 Oct 2010.
- ^ [2]
- ^ http://www.thehindu.com/news/national/article868374.ece
- Piramal, Gita (1997). "Business Maharajas" (Document). New Delhi: Penguin. ISBN 0140264426.
- Dubey, Rajiv (January 24, 2005). "Interview with Ratan Tata". Businessworld.
- "The Shy Architect: Ratan Tata has transformed India's biggest company, and has done it alone". The Economist. January 11, 2006.
- "India's Tata wins race for Corus". BBC News. January 31, 2007.
- Sinha, Suveen K (February 5, 2007). "Ratan Tata: The man with steely resolve". rediff.com.
External links
Chairmen of Tata Group | |
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