Ratan tata net worth

1. Biography of Ratan Tata
2. Early Life and Education
3. Career
4. Later Life and Achievements

Biography of Ratan Tata

Sir Ratan Naval Tata, a Knight Grand Cross of the Order of the British Empire, is an Indian businessman and the honorary chairman of Tata Sons. Born on December 28, 1937, he served as the chairman of Tata Group, a conglomerate based in Mumbai, from 1991 to 2012. On December 28, 2012, he stepped down from this position but continues to lead the charitable trusts of Tata Group.

Early Life and Education

Ratan Tata was born on December 28, 1937, as the son of Naval Tata, who was adopted from a distant relative of Navajbai Tata after the death of her husband Ratanji Tata, a renowned Indian financier and philanthropist who passed away in 1918. Ratan's parents divorced in the mid-1940s when he was ten years old and his younger brother Jimmy was seven. The boys were raised by their adoptive grandmother, Navajbai Tata. Ratan has a half-brother, Noel Tata, from his father's second marriage.

He attended Campion School, a private boys' school, and completed his secondary education at Cathedral and John Connon School, another prestigious private school in Mumbai. Cathedral and John Connon School was recently recognized as the best school in India.

Ratan Tata obtained a Bachelor's degree in Architecture and Structural Engineering from Cornell University in 1962. In 1975, he graduated from Harvard Business School. During his college years, he was a member of the Alpha Sigma Phi fraternity.

Career

Tata's career in Tata Group began in 1960. He started from the bottom, working in the workshop of Tata Steel, handling limestone and assisting at the blast furnace. In 1991, when Jehangir Ratanji Dadabhoy Tata, the chairman of Tata Sons, resigned, Ratan Tata became his successor.

Under his leadership, Tata Group made significant acquisitions, including the global tea brand Tetley by Tata Tea, Jaguar Land Rover by Tata Motors, and the British steel giant Corus Group by Tata Steel. These acquisitions transformed Tata Group from a primarily Indian-focused company to a global business, with 65% of its profits coming from overseas.

Ratan Tata played a key role in the development of the Tata Nano, which is considered the world's cheapest car.

Later Life and Achievements

On his 75th birthday in late 2012, Ratan Tata stepped down from all his management positions in Tata Group. Cyrus Mistry, a 44-year-old businessman and managing director of Shapoorji Pallonji Group, and the son of billionaire Pallonji Mistry, became his successor. The Tata and Mistry families have both strong business and familial ties, with Aloo Mistry, Cyrus's sister, married to Noel, Ratan's younger half-brother.

Currently, Sir Ratan Tata holds the position of honorary chairman of Tata Sons. He continues to lead two main charitable organizations of the Tata family, Sir Dorabji Tata Trust and Sir Ratan Tata Trust, along with their associated funds, which together own 66% of the shares of Tata Sons.

In addition to his involvement in Tata Group, Ratan Tata has held various positions in Indian and international organizations. He is a member of the Trade and Industry Council under the Prime Minister of India and the National Manufacturing Competitiveness Council. Tata serves on the jury of the Pritzker Architecture Prize, considered one of the most prestigious awards in the field of architecture. He is also on the boards of Alcoa Inc, Mondelez International, and the educational organization East-West Center. Furthermore, he is a trustee of the University of Southern California, Cornell University, and Harvard Business School.

Ratan Tata has been awarded the Padma Vibhushan and Padma Bhushan, the second and third highest civilian honors in India, in 2000 and 2008 respectively.